RBI may hold rates steady as economic parametes are going strong, say experts.
Modi said his critics were seeing slowdown in the last two quarters but were ignoring that the BJP government had brought down inflation from 10% to 2.5%.
Govt is keen to push reforms in the insurance sector.
Macroeconomic management is usually a lot more comfortable with lower fiscal deficits. The sooner we get there, the better for the economy, says former Chief Economic Adviser to the Government of India Shankar Acharya.
The investment climate is going well in India and the private sector should skill their workforce in the interest of its business, Chief Economic Advisor K V Subramanian said on Thursday asserting that he does not foresee any difficulty in demand and supply of the workforce. Addressing 'Times Network India Economic Conclave', Subramanian further said job creation is part of the virtuous cycle that starts with private investments flowing into the country resulting in production, growth, job creation and increase in aggregate demand which in turn leads to more investments in the economy. The investment climate is going well in India. Other things will follow, though with a lag...it is for the private sector to start recognising that it is in their own business interest that they should skill their workforce. This, in turn, will raise the average level of skills in India," he said.
The government has to make up its mind. Mere articulation of a desire to take tough measures is not enough. It needs to implement those measures and prevent the adverse consequences of a higher fiscal deficit.
New Delhi can strengthen its leverage by having better relations with the two than they have with each other.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Govt to play enabler not handler, India never had more decisive government: PM Modi Prime Minister Narendra Modi on Monday cited his dispensation's push for wide-ranging reforms, including the privatisation of Air India, to assert that the country never had a more "decisive government". Launching the Indian Space Association (ISpA), an industry body aspiring to be the voice of the country's space sector, Modi noted that fields like mining, coal, defence and space have been opened to private players, and said his government's clear policy about public sector enterprises is to open those to private industry where its presence is not required. While opening a host of sectors, the government has built a regulatory environment in which priority has been given to national interest as well as the interests of different stakeholders, he said.
'India has benefited from lower oil prices and remains the fastest-growing large economy in the world.'
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
'There is only one common feature between Gorbachev and Putin.' 'They are both patriots, and both try to save Russia and make it great.' 'But in very, very, different ways.'
Testifying before the House Subcommittee on Immigration Policy and Enforcement of the House Judiciary Committee, Bruce A Morrison, of the Morrison Public Affairs Group, argued for making green card a convenient route for sponsoring employers and eliminate the need to rely on the H-1B status for a long period, if at all.
Jaitley exuded hope that the land reforms bill in its new shape would be able to get through the Rajya Sabha.
Basu said there are a couple of big ticket items on the agenda.
'So you have welfare programmes, you reach out to the poor, you cut out the middlemen, you cut out the leakages and you try to raise the standard of living.'
Attributing the growth to an upswing in consumption and investment, the World Bank has said India will continue to be the fastest growing major economy in the world.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Enhanced revenue generation is a priority for the government.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
Alleging that a government working against the citizens is at the helm, Rajya Sabha MP Kapil Sibal on Saturday announced a new platform 'Insaaf' to fight 'injustice' prevailing in the country and called on everyone, including Opposition parties' chief ministers and leaders, to support him in his endeavour.
Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system.
There are two ways: Deliver a rapidly growing economic pie or reform GST and close corporate tax loopholes, suggests T N Ninan.
Inflation targeting has worked well and the government must stay with it, and the framework is going to work well in the period ahead also, former RBI Governor D Subbarao said on Thursday. He also said low inflation contributes to sustainable growth. Addressing the 'Times Network India Economic Conclave' virtually, Subbarao said the government's proposal to privatise some public sector units is not akin to selling family silver but it is a route for putting India on a sustainable growth path.
'You cannot treat workers like beggars.'
Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
Continuing to bet big on reforms agenda of the new government, overseas investors have pumped in nearly Rs 32,000 crore (Rs 320 billion) in Indian equities and debt this month.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
"As Prime Minister (Narendra) Modi said in his latest campaign, 'Modi hai to mumkin hai,' or 'Modi makes it possible', I'm looking forward to exploring what's possible between our people," Pompeo said in his major India policy speech at the India Ideas Summit of US-India Business Council on Wednesday.
India and Brazil on Wednesday called for urgent progress in reforms of the UN Security Council, as they agreed to scale up bilateral ties and deepen cooperation in international fora.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
India and China have mostly set aside their bilateral differences in order to champion the cause of developing countries at the World Trade Organisation (WTO). That seems to be changing. During the latest round of China's trade policy review, India questioned its northern neighbour's claim that it was a developing country, since, going by the World Bank's definition, its per capita income belongs to that of an upper middle income country. "As per the per capita income level, the Chinese economy belongs to 'upper-middle income'. "How can China still claim to be a developing country? "What are the indicators which China is using to claim such a status?" India asked.
India's sovereign rating could be cut if the government loosens fiscal policy in the run-up to elections, says Fitch.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
As a consensus remains elusive on key economic policies like foreign investment norms, industry leader Deepak Parekh has said India's FDI policy is akin to 'inviting guests over to our house, but not opening the door'.
Will help in reviving the economy and push investment.
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