Substantial gains can still be made with good policies and initiatives.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
'One way to deal with these is to address these quickly and have rapid reaction teams in New Delhi, the state capitals and wherever possible.'
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Five per cent growth is disappointing but only after having reached nine per cent. However, it is still not all that bad, says Andrew Michael Spence.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
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.
The political stability that Tamil Nadu saw under Chief Minister Jayalalithaa may be a thing of the past, as the new administration struggles to find its feel, says R Rajagopalan.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
Firm is conducting feasilbility studies on setting up units in 40 countries, will take final call based on global fallout of trade spat.
Prices in most areas have been stagnant but some regions are showing reasonable appreciation.
The bank, however, maintained that the incremental benefit from the MCLR based lending rates introduced in April 2016 as an alternative to the earlier system of base rate, was positive.
The Modi government's array of economic policy has been impressive.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
'67 per cent of our transactions happen digitally and about 93 per cent of transactions happen outside the branch.' 'Despite that, there is ample scope for promoting banking-related activities in branches.' 'So, for some time, we will have to, probably, live with the same structure.'
In advanced economies, growth is strongest in the United States, says IMF.
The World Bank report said Brand Northeast would build on elements such as healthy living, environmental sustainability, social responsibility, service orientation, among others.
India has the ability in all respects to be a great power and address our security challenges in the best national interests, says Commodore Venugopal Menon (retd).
India's real GDP growth is set to exceed 7 per cent for CY-2015.
Reliance's big-bang entry across the solar ecosystem will cut dependence on Chinese imports drastically. And Ambani's repeated emphasis that RIL's new energy foray will be 'a truly global business' points that his group is playing not just for a share of the Indian pie but to be the OEM in the larger 5,000 GW global market by 2030, points out Shailesh Dobhal.
India on Tuesday asked US investors to participate in its $600-billion infrastructure programme in the next five years, even as America sought greater financial cooperation for bringing about global economic stability.
Africa is second only to West Asia as a net exporter of oil.
'In the coming months, expect more government action that will be packaged as an assault on black money,' warns A K Bhattacharya.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
'The rise in unemployment, underemployment, discouraged workers and job insecurity is likely to continue, with very adverse consequences for the nation's economic well-being and social cohesion,' warns Shankar Acharya.
India has demanded resumption of export benefits to certain domestic products under GSP, and greater market access for its products from sectors like agriculture, automobile, auto components and engineering. On the other hand, the US wants greater market access for its farm and manufacturing products, dairy items and medical devices, data localisation, and import duties cut on some ICT products.
Here is the full text of the joint statement issued by India and the US.
While the Bharatiya Janata Party has gone out of its way to convert the upcoming Lok Sabha election as a contest between its prime ministerial candidate Narendra Modi and Congress vice-president Rahul Gandhi, the Grand Old Party is pitching next month's polls as a battle of two opposing ideologies. Anita Katyal reports
'Businessmen are reluctant to invest because there is a fear that private investors are being targeted by various agencies.'
'Whatever happens in any part of the world affects us.'
A host of dynamic reforms, policies and announcements during the last five years are expected to reach its logical fruition in the second term, says Ankit Kansal.
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
