One Chinese lie has been finally nailed this time by a team of Indian scientists who provide irrefutable evidence that rice did originate in India, a fact contested by China.
'The new government will have to contend with slowing economic growth, weak private investment, anaemic exports and vulnerable external imbalances, a stressed financial system, mounting fiscal pressures (including high government debt-to-GDP ratios) and an exceptionally bad employment situation,' says Shankar Acharya, former chief economic adviser to the Government of India.
World's 300 largest metropolitan economies account for nearly half of global economic output.
At $2.6 trillion, the Indian economy is currently ranked sixth in the world behind the US, China, Japan, Germany and the UK.
According to Fitch rupee is expected to weaken to 72 to a dollar by the end of December 2019, and further to 73 by December 2020, from 69.82 to a dollar in end December 2018.
'When growth drops precipitously from 7% to 4.5% in four quarters, it is for all practical purposes a recession' notes T N Ninan.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
During the six-month period (April-September 2019), the Indian economy grew 4.8 per cent as against 7.5 per cent in the same period a year ago.
ADB, however, has cut its growth forecast for developing Asia to 6.1 per cent from the earlier 6.3 per cent in view of subdued economic activity in the US and China.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.
Pakistan Prime Minister Nawaz Sharif on Monday approved in principle the financing plan of the much-delayed 4500 megawatt Diamer-Basha Dam project on the Indus river in Pakistan-occupied Kashmir and asked officials to expediate its construction.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
Retail inflation has eased from double digits in 2013.
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.
New Delhi says existing food stocks will be sufficient to contain any food price shock.
Assessing the shape of the Indian economy just a couple of days ahead of the Union Budget for 2016-17, Saugata Bhatacharya, senior vice president and chief economist, Axis Bank, speaks about his budget wishlist and suggests measures that can help finance minister Arun Jaitley achieve the targeted fiscal deficit of 3.5 per cent of India's gross domestic product.
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
'The world is going to be more insular.' 'What India needs to do is develop the domestic market for domestic consumption.' 'The emphasis has to be on Bharat as against India.'
The number of Internet users has more than tripled in a decade.
The world economy is going through a tough phase.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
'Till now, we were under tremendous stress. The economy was not recovering, the financial cycle was not moving and the banks were not supporting.' 'With the government pumping in money to the banks and asking the NBFCs to give priority to the MSME sector, there will be a revival.'
The decision to not attend the forum attended by 28 heads of state and 130 national delegations is a clear break from its usual policy of going along with the crowd.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Assocham told Modi policy makers needed to act fast to "bullet proof" India from global jitters.
India said its economy grew 7.3 percent in the October-December quarter.
The prospects for strong, sustained economic reforms do not appear to be promising in India.
There are conflicting signs on India's investment cycle.
Exemptions, and the fact that farm income is outside the tax net, ensure that India's tax-GDP ratio stays low.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
'At this point, neither the army or the IAF has that immediate, punitive deterrent power against Pakistan.' 'Forget a three-week war; on the LoC, where the action is, Pakistan has until now fielded better infantry weapons, body armour, sniper rifles, and matching artillery' points out Shekhar Gupta.
The World Bank said improved infrastructure, specifically rural electrification, has had far-ranging effects
The primary problem is that India's garment factories are too small and they typically have 150 people and about 80 machines.
'I am not optimistic about the global economy for the next couple of years.'
Modi is also scheduled to hold a bilateral meeting with Xi on Tuesday.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
A time has thus come when state encouragement for rural students led to empowerment of the socio-economically marginalised sections of the population. It included women. Today, with greater exposure and consequent enlightenment, it has gone beyond 'empowerment' to become 'entitlement', says N Sathiya Moorthy.
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