'The first year of the Modi government's second term has laid the roadmap for the future and we will embark on it with gusto,' promises Gopal Krishna Agrawal, the BJP's national spokesperson on economic affairs.
CRR to remain unchanged at 4.00 pc this fiscal
Romania on Tuesday invited investments from India in steel, pharmaceuticals and agriculture sector, even as it offered to share its expertise in the energy sector.
The RBI chief was speaking to researchers at an analyst call.
However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.
Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual.
Dhawal Dalal, executive vice-president & head, fixed income, DSP BlackRock Investment Managers, expects the central bank to hold rates for the rest of calendar year 2016.
India's economy grew an historically modest 7 per cent last quarter but industrial output has generally been strong.
This was the near-unanimous replies of 10 market participants.
Slowing economy, election-related uncertainty and tighter monetary conditions pose risks for Indian markets and the BSE index, Sensex, is likely to hover around 20,250 by the end of this year.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
According to bankers and economists, there is room for further rate cut by the RBI as retail and wholesale inflation rates have remained benign.
Inflation moderates, but a rate cut is unlikely.
India's GDP for the three-month period ended September 30 grew 7.4%.
As with TCS, most companies put their money in mutual funds, corporate bonds and bank deposits, which are losing their appeal versus government bonds in terms of both returns and safety.
'The overall stress on asset quality is indeed coming down.'
The CSI300 of the leading Shanghai and Shenzhen A-share listings has lost almost 11 per cent this week.
The S&P BSE Sensex shed 286 points to close at 24,539 and the Nifty50 lost 100 points to end at 7,456.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Global disinflation has finally caught up with India's high-cost economy.
'No private project will take off at such high interest rates'
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
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