In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.
However, a healthy deposit mobilisation will help banks insulate themselves from liquidity pressure due to heavy government borrowing even if the credit demand picks up.
Backed by investment activity and healthy performance of the services sector, the economy is expected to grow at 6.2 per cent in 2004-05, according to Centre for Monitoring Indian Economy.
Buoyed by the surge in India's exports for April-December 2002 despite global slowdown, the Centre for Monitoring Indian Economy on Monday revised the export growth forecast for 2002-03 from 10 per cent to 18.7 per cent.
Economic think-tank Centre for Monitoring Indian Economy has revised its forecast for industrial production growth in 2008-09 to 4.5 per cent from 6.3 per cent as the global economic crisis has cast shadow on its projection.
India's real GDP is expected to grow by 8.6 per cent this fiscal as compared to a growth of 8.5 per cent recorded in FY 11, Centre for Monitoring Indian Economy (CMIE) said in its monthly review.
All indices ened in the green, barring realty and consumer durables. The BSE metal, IT and auto indices were up 1.5% each. The oil & gas index added 1% in trades on Friday.
The government has authorised economic think-tank Centre for Monitoring Indian Economy (CMIE) to collect data to be used for compilation of the new series of Index of Industrial Production (IIP).
The manufacturing sector (excluding petroleum sector) would report a 24.3 per cent PAT growth mainly on account of low raw material prices and soft interest rates, CMIE said, adding PAT of the financial and non-financial services would rise by 32.2 per cent and 20.4 per cent, respectively.
CMIE further said that it has dropped its forecast for sugar production during 2009-10 due to an expected fall ofeight per cent in sugarcane. Similarly, because of the expected fall in oilseeds, CMIE dropped its forecast for production of edible oil.
Recession-hit India Inc may not have done well in terms of Profit After Tax (PAT) growth in the previous fiscal, but FY 10 could see it clocking a robust over 77 per cent growth in PAT, an economic think-tank forecast in its latest report.
Centre for Monitoring Indian Economy says industrial sector in India is liket to see expansion at 10.4 per cent for fiscal 2009. The reason for the current slowdown in industrial production was the supply problem faced by sectors like cement, aluminium, electricity and steel, it said. India's industrial growth slipped to 5.3% in January as compared to 11.6% in the same month last year as growth in all major sectors comprising manufacturing, electricity and mining declined.
Apart from signalling the shape of things to come, the stock markets are seen as an important source of funds for investment - so their health can be critical.
The development of private data sources is a hugely positive development. It should serve as a challenge to the government to improve its own record on producing timely and reliable statistics, points out T N Ninan.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
'If private capex has to kick in, there should at least be 2-3 years of visibility.'
The average inflation in the current fiscal is likely to be around 9.6 per cent as against 4.7 per cent in the last financial year, a leading economic think-tank has said.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
According to a Centre for Monitoring Indian Economy press note, nearly 30.6 million hectares were sown as of November 23, against 34.5 million hectares a year ago.
When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second wave of the pandemic, a survey of by a Fortune500 company has said. The survey, conducted in April this year, covered 2,000 persons in India. Six per cent of those over 55 years of age reported having permanently lost their job, as against 4 per cent last year. In those aged under 24, the proportion reporting a permanent job loss has increased to 11 per cent from 10 per cent in the year-ago period, the survey done by financial technology company FIS said.
The second wave of COVID-19 and the resultant localised lockdowns have impacted over 75 lakh jobs, taking the unemployment rate to a four-month high of 8 per cent, the Centre for Monitoring Indian Economy (CMIE) said on Monday. The situation on the employment front is expected to continue to remain challenging going forward as well, CMIE's managing director and chief executive Mahesh Vyas said.
Inflation and interest rates seem to be on top of everyone's mind at the moment.
Oilseeds production in India is going to move up. A new report says oilseeds growth in the country will be 16 per cent higher at 26.9 million tonnes during the fiscal as against 23.3 million tonnes produce in 2006-07.
'The government has given up its focus on economic growth because it it not something Modi has been able to fully understand.' 'This explains the extraordinary focus on divisive politics by the BJP even at a time when the world's most important man in visiting India,' notes Aakar Patel.
Congress spokesperson Abhishek Manu Singhvi cited a viral video on social media platforms, claiming that in it Modi's voice is heard in a call with BJP rebel Kripal Parmar.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
Kharif foodgrains production will touch 103 million tonnes in 2003-04 compared to 90.5 million tonnes produced in the last year, according to the Centre for Monitoring Indian Economy.
Driven by a surge in manufacturing sector, the Index of Industrial Production is estimated to grow at 7.5 per cent in the current fiscal, according to Centre for Monitoring Indian Economy.
'Investors should ideally consider equity allocations from a medium-to-long term perspective.'
Indian tea exports are expected to decline by 6.9 per cent at 165 million kg in 2003 as compared to last year even as production is likely to record a 5.3 per cent rise at around 870 million kg.
India's savings rate which has shown a sharp jump in the last few years is expected to decline to 34 per cent in FY'09, the Centre for Monitoring Indian Economy said in its monthly review.
The delay in the current year's monsoon rains has heightened uncertainty over India's economic growth and pushed up the risks of a drought, according to a leading independent forecaster.\n\n\n\n
Buoyed by the upbeat performance of the manufacturing sector, including metals, Centre for Monitoring Indian
With prices of fuel, sugar and metal products likely to remain high, the Centre for Monitoring Indian Economy on Tuesday raised the inflation forecast for 2004-05 to 6.5 per cent from the earlier estimate of five per cent.
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