India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Panagariya has advocated a more liberalised spending, arguing that greater capital expenditure could relax some of the infrastructure bottlenecks facing the country.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
The central government has set itself a tight deadline of July this year for completing a series of reforms in the civil aviation sector.
He said the government has already begun implementing tax reforms.
'With this amendment, permanent employees will cease to exist.' 'The government should give a human touch and human face to labour reforms.' 'Ideas like survival of the fittest, might is right, etc, are rules of the jungle.' 'They cannot give new terms like hire and fire to jungle law.'
The Governor of the Reserve Bank of India may need all the suave charm of the fictional British spy to sell that same hard-nosed agenda to a powerful new prime minister.
The Budget sets out a comprehensive vision.
Markets ended at record highs on Monday on hopes that the new government would unveil reforms in the infrastructure space.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
Echoing Prime Minister Narendra Modi's views that improving the health of financial markets alone cannot fuel growth, G20 business leaders on Friday said vigorous efforts should be made to go beyond fiscal and monetary policy to kickstart world economy and create jobs.
India's political infighting is denting business confidence.
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Indian companies are keenly waiting for reforms on rules related to land acquisition, labour, coal and power sector, and foreign direct investment in insurance sector.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
Till now, the maximum Bharat Ratnas were awarded in 1999 when four recipients were given the coveted award.
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
For a long time, the Indian economy has been drifting without a credible monetary anchor.
P Chidambaram says all options are on the table.
According to the global financial services major, after the BJP's 'historic' election victory on May 16, hope for structural reforms has gone up.
Deepa Gahlot lists Hindi biopics about Indian political leaders: Some worked, some did not, but they managed to avoid controversy.
If Mr Modi and his team expect to win the 2019 elections, groundwork for improved performance in their second term should be done now.
IHS said low regulated gas prices have precipitated a supply shortfall in India, but proposed that reforms to the pricing formula could yield higher domestic production and boost India's economy.
Congress is opposing the GST bill in the current form.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
As the United Progressive Alliance government desperately fights the perception of a policy paralysis, Finance Minister Pranab Mukherjee dismisses it with equal vehemence contending that the coalition was set on achieving higher economic growth.
Report card of the Narendra Modi-led central government for the first six months, on the basis of ratings by top CEOs, under key parameters.
Chief Economic Adviser Arvind Subramanian on Thursday said upgrading of India's outlook to positive by Moody's validates the government's reform thrust.
The prime minister sees himself as the "vikas purush". But realising his government's agenda for development requires not just a more efficient administration but also a credible implementation plan, says Nitin Desai.
The memoranda of understanding were signed during a day-long 2nd India-China Strategic Economic Dialogue in New Delhi.
A total of Rs 30,000 crore was allocated for five years to Air India by the United Progressive Alliance government in its second term.
The outlook is improving and that mostly reflects the fact that the new government has pledged to prioritise economic reforms.
India's real GDP growth will decline marginally to 6.3 per cent in 2024 from the 6.4 per cent estimated for 2023, an American brokerage firm said on Monday. The next calendar year will be of two halves, wherein the government spending before the upcoming General Elections will be the key driver for growth, while after the elections, it will be the re-acceleration in investment growth, especially from the private sector, Goldman Sachs said in a report. From a fiscal year perspective, the brokerage said it expects growth to accelerate to 6.5 per cent for FY25 from the 6.2 per cent it has projected for the ongoing FY24, it added.
'Like Nehru, too, Modi has found dealing with Beijing more and more difficult and has adopted an increasingly assertive approach towards managing India's northern neighbour.'
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
India should become a middle-income country and then push to make INR (rupee) a hard currency, and till then, it must promote the settlement of global trade in the local currency, think tank GTRI said on Sunday. Global Trade Research Initiative (GTRI) said that transforming a currency into a hard currency is a complex process that hinges on several pivotal factors. Firstly, economic stability is paramount; a country must exhibit low and stable inflation, consistent growth, and a balanced trade environment.
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