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.
Pvt sector holds back, waits for key reforms
Economic reforms seem to be on a slow train, while good old fiscal populism is alive and flourishing.
China's economy is worse than it really is, but then these are emblematic of the baffling self-congratulatory mood that exists in India today.
Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.
Seven persons had been arrested in connection with the blasts.
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Bowing to opposition pressure, the government has agreed to refer the controversial Insurance Bill to a Select Committee of Parliament, which will have 15 members.
The United States has said it will continue to press Pakistan to take "additional steps" to deal with terror groups seeking refuge within its borders, hours after Prime Minister Nawaz Sharif sought American help to resolve bilateral issues between India and Pakistan.
The finance minister said the government was open to suggestions.
Barclays, the global brokerage firm, also stated that the election verdict could lead to a weakness in the stock market.
India will catch up with China's growth at 7 per cent during 2016-17, the World Bank has forecast, saying India's economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates.
'Although the Congress party ethos resembles a court with courtiers, Sonia Gandhi's style was to be consensual.'
'Sonia's term as Congress president -- which was 20 years -- was the longest in the party's history.' 'It will also go down as the period in which the Congress transformed in the way Indians viewed it,' says Aakar Patel.
Gains in auto shares helped offset losses in select index heavyweights led by Infosys.
PM Modi's China visit may strengthen ties between both the countries.
The poll of over 30 economists, taken in the past week, showed Asia's third largest economy will expand 7.8 percent in the fiscal year ending March 2017.
Pakistan's 'approach is one of getting even, an eye for an eye, or death by a thousand cuts.' 'The entire effort is to be the equal of India. Unfortunately, the reality is that this can never be the case.' 'India will always be the bigger, economically stronger, technologically more self-reliant country.' 'Therein, lies the dilemma Pakistan faces which leads it to perennial enmity with India,' notes Ambassador Gautam Bambawale in the Air Marshal Y V Malse Memorial Lecture 2019.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
The change from wholesale to retail inflation as an anchor means that the weightage of diesel in inflation has decreased
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Foreign investment cap in insurance sector raised to 49 per cent.
The Reserve Bank of India (RBI) is expected to hold its policy interest rate at 6.75 per cent next week to stifle inflation.
'In a complex conflict like Kashmir, you can't just ignore the militants when you talk of a permanent solution.'
'Deep pockets have become a prerequisite for contesting elections on a major party symbol in most states.' 'Given the premium parties place on self-financing candidates, once you have accounted for the suspected criminals, dynasts, industrialists, and celebrities, there is not much room for anyone else.'
Smartly blending its development agenda with Hindutva politics, the BJP has not lost assembly elections in the state since 1995.
Leading Pakistani newspapers on Monday ran front-page stories on Prime Minister Narendra Modi-led BJP's rout in the key Bihar polls, in which Pakistan figured as a major issue during campaigning that saw party president making the controversial "firecrackers would go off" remark.
The average rating was seven out of 10.
Will help in reviving the economy and push investment.
Moving ahead with the economic reforms, the Cabinet tonight cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment.
Chinese President Xi Jinping's war against corruption went up a notch when he reportedly told the Politburo that he was disregarding his life, death and reputation to weed out the 'army of corruption'.
An all-party meeting on Monday failed to hammer out a consensus over the controversial Insurance Bill, which was scheduled to be taken up in Rajya Sabha.
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
'How do we explain that on the economic, internal security and strategic fronts, India's unstable coalitions have acted more decisively and boldly than all our full-majority governments yet?' asks Shekhar Gupta.
With only two working days left in the winter session of parliament, the fate of the government's economic reform agenda, particularly the Insurance Bill and the Coal Bill, hangs in balance in view of strong opposition by some parties.
India must announce liberal policies to attract foreign investors.
The market breadth in BSE remains healthy with 1,829 shares advancing and 721 shares declining
'These trends put at risk not only minorities or the media or some other out-of-favour group, they can and do concern everyone,' warns T N Ninan.
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