'A close relationship between India Inc and the government cannot help the BJP win elections.' 'While Opposition parties may feel good about Mr Bajaj criticising the Modi regime, the BJP should be seeing the indictment as a political boon,' says A K Bhattacharya.
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
The Modi government's array of economic policy has been impressive.
India on Tuesday told the UN General Assembly that the days when a few nations set the agenda and expected others to fall in line are over, underlining that its presidency of the G20 sought to focus on key concerns of the many, not just the narrow interests of a few.
As per the findings, CEOs are less optimistic about prospects this year.
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
'UCC should be across India and legally applicable to every Indian citizen.'
'There is no scope for any doubt. This was a scheme designed to enrich the ruling party.'
'Foreign policy-making cannot be shifted out of Delhi and the regional satraps, who do not have a national perspective, should not be allowed to dominate foreign policy. But regional inputs should be integral to foreign policy-making at every step of the way,' says Ambassador T P Sreenivasan.
Growth in India is expected to slow to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. The World Bank made these points in its latest edition of Global Economic Prospects according to which global growth is projected to decelerate from 3.1 per cent in 2022 to 2.1 per cent in 2023. In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades.
Today, with growth having slowed and macro-economic challenges in every direction, would the government have benefited from the advice of 'Harvard' economists? asks T N Ninan.
Revising India's GDP upwards by 0.3 per cent to 6.3 per cent in 2015, Asian Development Bank (ADB) has said the economy shows a new promise of turnaround after the election brought a stable government in May.
Redistribution of economic and political power, inclusion of rural areas and the rural poor in development, enhancing access to resources and employment in rural areas, focus on non-farm rural activities, education and training activities and agrarian reform continue to be important areas for public policy. In Asia in general, and in India in particular, poverty has a rural face. Rural development and poverty alleviation are thus two sides of the same coin.
'The worry among many international actors is whether there will be stability to provide assistance to the government because the political developments in the last few months are a real concern.'
Jaishankar, who arrived in Santo Domingo on his first official visit to the Dominican Republic, also said that India has seen a dramatic expansion in connectivity, contacts, and cooperation across the region.
Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms. He also said the country is well poised to meet the fiscal deficit target of 6.8 per cent of GDP. "At this stage, I can say confidently that we should be able to achieve that fiscal deficit number. "Any shortfalls that might happen on the disinvestment side will also be accompanied by positive surprises that have happened on tax revenue," he told reporters.
The auto industry expects lower taxes and interest rates from Budget 2015.
The UK voted to leave the European Union after 43 years.
He will be the eighth Deputy Governor to be made Governor at RBI
Demonetisation will wipe out the likely benefits of a good monsoon this year, says Christopher Wood of CLSA.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
New Delhi can strengthen its leverage by having better relations with the two than they have with each other.
Govt is keen to push reforms in the insurance sector.
Republican presidential presumptive nominee Donald Trump would throw the United States economy back into recession, his Democratic rival Hillary Clinton said.
RBI may hold rates steady as economic parametes are going strong, say experts.
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.
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.
It's time Rahul Gandhi became attuned to the reality of the 21st century instead of recycling failed political jargon of the 20th century,' argues Virendra Kapoor.
The five-time prime minister was re-appointed to the job on May 12 following the political circus precipitated by the unprecedented economic crisis in the island's history.
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%.
'India has benefited from lower oil prices and remains the fastest-growing large economy in the world.'
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
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.
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.
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.
Enhanced revenue generation is a priority for the government.
India's Gross Domestic Product (GDP) is expected to expand by 9.2 per cent in the current financial year, according to the Economic Survey 2021-22 tabled in the parliament on Monday. "Advance estimates suggest that the Indian economy is expected to witness real GDP expansion of 9.2 per cent in 2021-22 after contracting in 2020-21. "This implies that overall economic activity has recovered past the pre-pandemic levels," Economic Survey noted. Almost all indicators show that the economic impact of the "second wave" in Q1 was much smaller than that experienced during the full lockdown phase in 2020-21 even though the health impact was more severe, it said.
Manmohan Singh said Narasimha Rao can truly be called father of economic reforms in India.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
