India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
Jaitley's Budget has the potential to change the face of Modi's Bharat
E-commerce giant Amazon and Infosys co-founder N R Narayana Murthy's Catamaran Ventures have "mutually decided" to not continue their joint venture (JV) beyond the end of its current term. The JV, Prione Business Services, which has been running successfully for the past seven years, was coming up for renewal on May 19, 2022. The JV enabled over 300,000 sellers and entrepreneurs to go online. It also enabled 4 million merchants with digital payment capabilities, providing these small and medium-sized businesses (SMBs) and merchants access to millions of customers across the country.
The government is scrambling to contain the fiscal deficit at 4.1 per cent of GDP in the fiscal year ending March
Responding to questions, the World Bank president insisted that this slowdown is temporary.
P Chidambaram says all options are on the table.
'Is India going to miss some more of its potential demographic dividend?' 'If so, it would be for two reasons: The demographic dividend can be fully exploited only if the people in the working age are actually working.' 'And second, if those working have proper education and skills, making them productive in the workplace.' 'On both counts, the country has fallen short,' points out T N Ninan.
Sustaining anything in the region of 7% growth should be good enough in a troubled and risk-laden world, says T N Ninan.
The Union Budget for 2009-10 will reflect UPA government's ambitious agenda like Rs 3 kg rice or wheat for BPL families, enlarging NREGA coverage and more focus on infrastructure to bring the economy on high growth.
'The next general election is four years away. That's enough time to recover -- provided the government stops spending and taxing so much,' says T C A Srinivasa-Raghavan.
'At a time when the economy is depressed, a pandemic is raging, and the Chinese are making noises on the border, the NRC could be resuscitated.'
Barring a few, most of the B-schools end up as mere fillers for aspiring students, says Ramesh Kailasam. India needs to have more focused B-schools which are qualitative and practical oriented to churn out students ready to take on the challenge to steer India Inc. and the nation forward.
The Centre set up a political tug of war with opposition parties which have planned to observe it as a 'black day'
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In India, the need to find a solution for the jobs problem is perhaps even more urgent considering the oft-quoted number of a million young people arriving every month looking for jobs.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The former finance minister was in Mumbai to address Congress party's poll rallies.
A cut in rates would have encouraged the banks to lend aggressively on the retail front.
Muzammil Patel and Rahul Murthi will answer all your start-up queries.
'Modi has given India its 'lost half-decade'. Elect him again and by 2024 it will be a lost decade'
'Should you give a man fish, or teach him how to fish?' 'Lurking hidden in the new bout of welfarism seems to be an admission that the State can't deliver for the poor anything other than cash,' notes T N Ninan.
From college intake to visa guidelines, here's everything you'll need to know before signing up for a course in New Zealand.
Take part in the growth story, Amit A Shah tells Corporate India.
There's no silver bullet to get rid of poverty, says Alok Sheel.
The former RBI Governor also emphasised on the need to boost economic productivity and attract investments.
India's exports to China stood at $7.56 billion during the period whereas the imports have jumped to $52.26 billion in April-January
The economy is growing at 7.5-8 per cent, the finance minister said.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Inaugurating the two-day 'Global Investors Summit' hosted by Assam, Modi said the National Democratic Alliance government has speeded up the functioning of official machinery and "we want all programmes to be completed before target".
India this year will emerge as the world's seventh largest economy, up from the 12 th position in 2008.
With 202,014 students, India sends the second largest number of foreign students to the United States, a report said.
China and India have become the two strongest driving forces for the world's economic growth.
The dollar-rupee rate could move in the opposite direction if dollar policy rates rise and the FPIs sell in December, says Devangshu Datta.
Before growing 2.8 per cent in latest April-September period, IIP had seen negative growth of 0.1 per cent in 2013-14 period.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
While rising food inflation is a matter of grave concern for a significant chunk of the population and for policy makers as well, it marks a turnaround in the fortunes of the farmer, reports Sanjeeb Mukherjee.
Analysts expect global markets to remain in consolidation mode with a negative bias over the next six months.
Experts believe dollar may continue to appreciate due to an increase in US economic growth
'The government has to stop trying to fix things for lenders, projects, homeowners and developers and think instead about how to fix the market for houses,' says Mihir S Sharma.
Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.
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