Substantial gains can still be made with good policies and initiatives.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
'The most important issue for Indians, the only way in which to get them quickly out of poverty, is sustained high growth.' 'If we are not doing that despite a strong government and a leader with clarity of vision and purpose, we are facing big trouble.'
In the past two decades, the country's economic growth slipped below five per cent in only three years - in 1997-98, 2000-01 and 2002-03.
While Manmohan Singh had to deal with high oil prices, inflation and trade deficit, Narendra Modi is lucky as major threats have receded, says T N Ninan.
Managing expectations is a challenge for policymakers.
'This is social reform, which has to be conducted from within society and by its institutions, like religious bodies, not by public officials and ministers. That is why I think the big change Modi seeks is actually not in his power to bring about,' says Aakar Patel.
Indian banks are the 2nd-fastest-growing ones.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
Israel is very good at creating innovation engines, India less so.
'Success will require political skill, not just economic expertise'
Appraising Rediff.com about the meeting, a source close to Dr Singh said Modi sought Dr Singh's advice on the economy and foreign policy. Dr Singh told Modi that he concurs with the Reserve Bank of India's concerns about the Indian economy.
There are actually great similarities between the two PM
Inflation is down and there's every chance that crude prices will be subdued through the next year.
Voted to power with an absolute majority for the first time in nearly three decades, India's Prime Minister Narendra Modi, considered as an able administrator, promises "a fresh engagement" with the United States, a latest Congressional report has said.
A series of modest support measures from the government over the year helped stave off worries of a more dramatic slowdown
Penpix of the Scotland squad for the 2015 cricket World Cup in Australia and New Zealand.
South and South-West Asia could witness an economic growth of 5.3 per cent in 2015, which will be a four-year high.
Global economy will have to grapple with few tough situations in 2015.
The better performing states throw up more employment opportunities including at unskilled levels.
Shiv Sena's Suresh Prabhu makes predictions ahead of the upcoming Lok Sabha polls
After one year in power, Prime Minister Narendra Modi is pretty much on the back foot, even if he continues to display bravado in his public pronouncements. He knows within his heart that he has wasted a lot of his political capital without getting much in return, says M K Venu.
Lloyd and Sussane Rudolph -- two University of Chicago professors who started studying Indian politics in the 1950s, have been named the winners of the Padma Bhushan Award.
Retired senior US diplomats Teresita and Howard Schaffer believe the 'US cannot afford to continue restricting its contacts with Narendra Modi.' Rediff.com's Aziz Haniffa reports from Washington, DC.
The temptation to rehash Manmohanomics is not going to deliver the achche-din that Narendra Modi has promised, warns Sriram Balasubramanian.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
What is the road ahead for Rahul Gandhi? Shehzad Poonawalla offers a blueprint.
While China is bigger and feels mightier at the moment, Beijing's rulers would be well advised not to be tempted to provoke India, for that would only trigger a chain reaction around the world that would not serve anyone's interests, says Sanjaya Baru.
'Modi as the PM of the country has to take everybody on board and deliver on good governance. That is his responsibility. In that talking alone won't help, he's working.' Commerce Minister Dr Nirmala Sitharaman tells Sheela Bhatt/Rediff.com how the Modi government plans to change India.
Narendra Modi's victory does not represent a victory of 'the Indian nation', but only an elite-driven polarising phenomenon. The sooner we -- and the BJP -- recognise this, the better, says Praful Bidwai.
Two former senior United States diplomats, with more than 60 years experience in South Asia between them, have exhorted Washington to establish communication with Bharatiya Janata Party's prime ministerial candidate Narendra Modi sooner than later.
'Under Narendra Modi's leadership, we will be able to regain our rightful place in the community of nations,' veteran diplomat Hardeep Singh Puri, who joined the BJP on January 2, tells Rediff.com's Sheela Bhatt.
Trade between India and Indonesia stands at $20 billion.
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