It seems that notwithstanding the global financial crises, India is set to become a high-growth state and more of a welfare state under the new government.
Shaktikanta Das said in Washington, DC, that there was nothing sacrosanct about the 25 bps rate cut and that monetary policy could be well served by calibrating the size of the policy rate to the dynamics of the situation, and the size of the change itself could convey the stance of policy.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
On the back of ongoing reforms and stress on manufacturing, India. he said, can look for much bigger share in global exports.
The government clarified that the majority of industrial establishments had reported nil production, and cautioned that the numbers should not be compared with those of previous months. "It is not appropriate to compare the IIP of April 2020 with that of earlier months, and users may like to observe the changes in the IIP in the following months," said the ministry of statistics & programme implementation.
In her opening remarks, while chairing the meeting of the Congress Working Committee, Gandhi also accused the Centre of giving preferential treatment to some states while maintaining "thundering silence" on requests of states ruled by the Congress and opposition parties.
'While we may aspire to be a democratic if smaller version of China, we may only manage to become a larger, more accomplished Indonesia,' says T N Ninan.
The Three-Pointed Star also unveiled its 2021 motto coined as 'Reimagining Excellence', which aims at making the brand more desirable and drawing customers closer.
As regards India, market valuations already reflect most positives.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
India needs to work on economic parameters to outpace China.
Economic recovery is well under way in some advanced economies.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
'I'll give it to the vaccine manufacturers without guarantees, take the payment in advance and give me the supplies.' 'The moment you give me one lot of supply, I'll give you more.'
'We have to make doing business in India easier.'
'The true fruits of the attack on black money, what Raghuram Rajan did for the banking system, and what technology is doing for us will come in FY19, which, not surprisingly, is the year running up to the next Lok Sabha elections.'
He also thanked Oman for its support in anti-piracy operations.
'The government has said it has kept its powder dry to fight the true battle against the debilitating influence of the pandemic.' 'The release of the shocking economic data this week should act as the fuse for using that powder now.' 'Further delays will make the battle that much harder,' notes Shreekant Sambrani.
In her keynote address at the 8th annual Global Entrepreneurship Summit, she said that despite the soaring rate of female entrepreneurs, women still face steep obstacles to starting, owning, and growing their businesses.
If Modi wants to be a man of history, he must make hard choices that will pay off down the road, says T N Ninan.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
Expecting India to sustain a high 8.2 per cent GDP growth in next three years, Asian Development Bank on Thursday offered up to $6.47 billion assistance during 2005-07 with special emphasis on agriculture and poor states.
Describing it as 'a very powerful order' Trump told reporters during his daily news briefing at the White House on Wednesday that he signed the order to protect American workers' jobs in an economy pummelled by the COVID-19 pandemic.
Global liquidity expected to continue amid ECB stimulus
'The global semiconductor shortage has inadvertently provided an immense fillip to the pre-owned car market'
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.
Data on the new series given by a panel on real sector statistics shows that GDP grew by 10.23 per cent in 2007-08 and 10.78 per cent in 2010-11. There are some years for which the new figures show a deceleration in growth as well. The new series has 2011-12 as the base year while the earlier series had 2004-05 and 1993-94.
'But can it afford to present a scenario within the existing legal framework of fiscal consolidation?', asks A K Bhattacharya.
The UN Trade and Development Report 2010, released this week, has said the fundamental causes of the economic crisis have not been addressed and 'remain a toxic threat to stable and inclusive growth and the sustainability of the recovery'.
Union Home Minister Amit Shah and chief ministers of some BJP-ruled states were among those present at the Raj Bhavan ceremony.
Economist Abheek Barua's insight into the global and domestic economy at the turn of the financial year.
The upcoming general elections will be the focus and the economy and market performance will pivot around that event. The general consensus is that the India stock market should be up around 10 per cent by the end of the year.
He said the country has witnessed a journey from indecisiveness to clarity and decisiveness.
World Bank says India has bright prospects.
Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.
Sitharaman said that developed countries were blaming India for the impasse at the WTO, but India convinced them about its legitimate demand.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
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