How do we get back to higher trend growth? The heart of the problem lies in private corporate investment, recommends Ajay Shah.
Swamy, a close friend of the Rajapaksa family, also met with Gotabaya's brother Mahinda Rajapaksa on Wednesday evening and attended the Navratri pooja at his residence.
Among possible new members, former chief economic advisor Arvind Virmani's name is doing the rounds.
The outcome may determine whether Macron's centrist coalition retains power or if France faces a period of political cohabitation with the far-right National Rally, led by Marine Le Pen.
It is expected to be completed in around 22 months from the start of construction work. The new building will come up on plot number 118 of the Parliament House Estate.
This Budget will be a litmus test of the government's resolve to ensure Make in India strategy works
The poor performance of capital goods - a bellwether for future growth - has alarmed most analysts
The former RBI deputy governor talked about the prospects of an economic revival, reforms in IMF, etc.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
'Barring a temporary blip where stocks fell on verdict day, we are back to all-time highs.'
'Generating employment requires a shift in policy.' 'If not, the country will face economic, social and political challenges in the coming years.'
The South Asian nations could script a new history of cooperation and prosperity that could serve as an example for other nations, notes Dr Rahul Mishra.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
'The Opposition parties will continue to woo Chandrababu Naidu even though he has said he will support the BJP.'
United States President Joe Biden has once again called his Chinese counterpart Xi Jinping a 'dictator', just hours after they met for the first time in more than a year and held candid and productive discussions to revive bilateral ties.
NEET is a court-ordered examination, supposedly aimed at meritocracy. However, over the past years when the incumbent Narendra Modi government at the Centre began implementing it, it took on political and casteist colours, observes N Sathiya Moorthy.
Foreign portfolio investors (FPI) have pulled out $3.5 billion from India's equity markets so far this month. The selling comes on the back of election-induced volatility and the rotation of flows from India to China, where stocks are available at half the valuations. If the selling pressure remains at the current level, this will be the highest FPI pullout since January 2023.
The tide of startup-funding is turning in India, with a rising trend of overall funding while the deal sizes grow bigger. However, the spotlight now is on late-stage startups, many of which are seen to be headed for initial public offerings (IPOs). Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better, especially for those that exhibit a clear path to an IPO.
Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides -- fiscal, monetary and sectoral -- to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. "Overall, the second wave of COVID-19 has altered the near-term outlook, and policy support from all sides - fiscal, monetary and sectoral - is required to nurture recovery and expedite return to normalcy," Das said, as per the minutes of the meeting released on Friday.
India's real estate market is poised for growth across categories - residential, commercial, and rental. Currently valued at Rs 24 trillion, or about $300 billion, it is projected to surge to $1.3 trillion by 2034, and then grow further to $5.17 trillion by 2047, indicates a report by the Confederation of Real Estate Developers Associations of India (Credai).
The BJP state unit hailed Vasan and said his advice will be used in the coming days to guide the alliance.
Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth.
Reversal in the declining economic growth trajectory is clearly the need of the hour and all steps should be taken to bring about this change.
The ministers have begun the Herculean task of arresting price rise, reviving investor confidence and boosting growth.
Russia's unprecedented rapprochement with North Korea has raised concerns about the re-emergence of a Russia-China-North Korea alliance which could increase the probability of conflict on the Korean Peninsula, explains Dr Rajaram Panda.
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
'This is the victory of the people of Gujarat who want real development, not the hype of development.'
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
'We are going to have a recession this year, maybe next year too...'
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said he has tested positive for coronavirus and will work from isolation while the central bank will continue to function normally. Das said he is asymptomatic and has alerted those who came in contact with him in recent days.
Fast-moving consumer goods (FMCG) companies anticipate sustained volume pressures in the January-March quarter (Q4) coupled with sluggish rural growth during the period. Brokerages estimate top-line growth to be in low single digits in the quarter. Also, the late onset of winter had an impact on demand for winter products which range from moisturisers to hot beverages.
'Modi knows the people here are opposed to this project, but he is using the might of government to push this port down our throats.'
'Indian equity valuations, although not very expensive, are not cheap either.'
What will it take the next government to revive growth? Arvind Panagariya, Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, and one of the world's leading economists, offers a checklist.
According to the research report by the investment banking major, economic activity levels remain weak in the country, particularly investment demand, as demonstrated by still 'anemic' order inflows and project starts.
The 'aura of invincibility' around Prime Minister Narendra Modi has been 'shattered' by the Indian voters who gave the Opposition a new lease on life, this is how the international media described the outcome of India's general elections.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
'Five months after the elections in February 2024, the Pakistan army has not been able to break Imran Khan's resolve and break his political party.'
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