The industry is expecting double-digit growth on a year-on-year basis, helped by a possible price correction after softening of raw material inputs and factors such as positive sentiments, pent up demand and improving economic conditions. Besides, a shift in consumer behaviour from price consciousness towards technologically advanced premium products with quality, value proposition and safety aspects leading to a rise in demand for home automation products is making the industry upbeat. With the government's production linked incentive (PLI) scheme for white goods, which has witnessed a committed investment of Rs 4,614 crore, in place, many manufacturers are gearing up to make the most out of the opportunity as well as take steps towards reducing their dependency on imports and make products more affordable.
Indian economy is witnessing stable growth momentum, says OECD.
The UK India Business Council expects more emphasis to be put on improving bilateral economic ties.
'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
India will become the largest single source of global oil demand growth after 2020, the International Energy Agency said.
The world economy is going through a tough phase.
It is hard to tell whether the prime minister is unable to confront the reality or so supremely confident in his abilities that he can convince the rest of us that the reality is different from our perception of it, observes Aakar Patel.
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
The drop in oil to around $50 a barrel this year has triggered steep cutbacks in production of US shale oil
People are interested in the strength of India's economy, the country's stability, and the opportunities, says Stuart Tait, regional head of commercial banking, Asia-Pacific at HSBC.
The US president also cut funding for international groups that provide abortions, and froze hiring of some federal workers.
The Quad has come of age and its agenda covering areas like vaccines, climate change and emerging technologies makes it a force for global good, Prime Minister Narendra Modi said at the first summit of the coalition. In his opening remarks, he also talked about shared values and promoting a secure, stable and prosperous Indo-Pacific.
In an address at the Indian Council of World Affairs, he said Nepal wants to take the relations with India to the next level, but at the same time added: "We should be mindful equally that healthy relations require continuous nurturing, creative thinking, promptness and readiness to understand each other in changing dynamics."
What leads to a rapid worsening of the fiscal balance is not, as is commonly believed, the cost of bailing out financial institutions. Rather, it is the drastic decline in tax revenues as a result of output contraction and the ambitious fiscal stimulus package aimed at kick-starting the economy that cause fiscal deficits to explode, says Vidya Mahambare.
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
The problems of financial markets have started affecting the real economy worldwide. Consensus estimates suggest that 2009 will be worse than 2008.
A significant 71 per cent of India's CEOs are very confident of their companies' growth in the next 12 months, a 7-point increase over last year's and 33 points above this year's global average (38 per cent).
When he speaks of them, it is either in denial or to highlight successes that are only part of a larger story that is worrisome in its totality, observes T N Ninan.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Grant Thornton's international business report claims India Inc to be most optimistic about economy.
The retrenchments at the company promoted by Mumbai BJP chief Mangal Prabhat Lodha come at a time when the economic growth has dipped to a six-year low of 5 per cent, which has led many to fear if the spectre of job losses across sectors awaits next.
With economic activity buoyed by expectations from the new elected government of "Prime Minister Narendra Modi, India is benefiting from a 'Modi dividend'," the Bank said in its twice-a-year South Asia Economic Focus report on Monday.
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That most Indian settlers abroad have fared well is a known fact but when it comes to the number of migrants to the developed world, Chinese are far ahead, says the latest report by OECD on migrants.
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Even amidst fears of global slowdown, Indian businesses will continue to hire robustly for the next three months beginning November 2007, a McKinsey survey of global executives on the economic and hiring outlook has stated. The survey, based on responses from over 2,500 executives from around the world, revealed that more than 40 percent of the respondents expect to add workers in the short term.
Because of India's weak fiscal position, the plethora of debt-burdened infrastructure companies and the poor asset quality of public sector banks, economic growth in 2015-16 may be limited to about six per cent, say Shankar Acharya.
'India is growing at the lowest rate in the last decade.' 'If it continues in that path then the jobs and prosperity that has been promised by this government and on the basis of which it was voted in, will continue to elude us,' says Aakar Patel.
Joe Foster spoke recently with Mike Norman about the rising price of Gold and presented his analysis of the Gold market.
'You can't take jobs to people, you have to take people to jobs.'
Finance Minister P Chidambaram, while addressing the Carnegie Endowment for International Peace on "Recapturing India's Growth Momentum" in Washington on Thursday, said that the leading think tank need not launch an initiative to explore how India will vote in 2014, declaring that the Indian polity will vote the Congress back into power.
Gross non-performing assets of public sector banks surged to 9.32 per cent (Rs 4.76 lakh crore) of advances in 2015-16, from 5.43 per cent (Rs 2.67 lakh crore) in 2014-15.
Indian govt is trying hard to get global investors to invest in the country.
'If the virulence of COVID-19 has muted the toxicity of the BJP's communalism, it will be an example of good coming out of the pandemic,' notes Amulya Ganguli.
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
'Invest a part of your portfolio in a global currency that can't be printed, or meddled with -- gold,' suggests Chirag Mehta.
It was an extraordinary turnaround for an Olympics that was expected to be held without major issues by a country known for public safety and economic stability. It also revealed a fatal miscalculation by Japanese and IOC officials of public sentiment at a time of heightened fears over the coronavirus.
