The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
IMF attributes the slower growth rate to supply-side bottlenecks.
More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.
'It has a natural inclination to foster as much competition among civilian politicians as possible.'
Moody's listed six agenda on the list of pending reforms -- land acquisition Bill, labour law reforms, significant infrastructure investment, tangible benefit from Make in India initiative, tax administration and PSU bank reforms
Attired in his trademark half sleeves kurta and sporting a Rajasthani turban, Prime Minister Narendra Modi devoted a bulk of his 90-minute address on the occasion of the 70th Independence Day to presenting in effect a report card of his government's work particularly in boosting economic growth, ease of doing business and welfare schemes for the poor and farmers.
Many things could play spoilsport for the Indian economy.
With Jaitley preferring continuity over change, good days might take a little longer to arrive, says Shankar Acharya.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
It could also clear stalled projects and review various subsidies on the energy, food and fertiliser fronts.
It maybe time for the Centre to take a closer look at Chief Minister Jayalalitha's innovative' solution to a long-pending problem, says N Sathiya Moorthy.
Partial dismantling of subsidies, movement towards a more transparent policy on natural resources and moves to make India more inviting for foreign investors, are some of Modi government's big achievements.
It was the rejection of the Congress' welfarist economics by voters that led to the party's drubbing, says Andy Mukherjee.
Economist Arvind Panagariya tells Suman Guha Mozumder that the rupee is doing a much-needed clean-up job, raising exports and cutting imports.
Rahul Gandhi slammed the Modi government, accusing it of being against farmers, labourers, students and the poor.
The prime minister's August 15 address was undoubtedly inspirational and outlined important economic and social objectives, such as making India a global hub for manufacturing, ensuring bank accounts for all poor families, major thrusts in sanitation and cleanliness, and a radical restructuring of the Planning Commission.
Businessmen love low import duties on their inputs and high duties on their outputs. And the Bharatiya Janata Party has a keen ear for business sentiment.
The BJP government is no better than the Congress -- as wretched and anti-people. In addition, it is explicitly and aggressively communal, says Venkatesh B Athreya, in a hard-hitting interview to Shobha Warrier/Rediff.com.
AAdhar cannot be successful unless there is proper coordination at the helm.
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
In Budget 2015, the finance minister has opted to take the slow road and has doubled the cess on coal to "balance the need to tax pollution and the price of power" in his words.
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
Petroleum and Natural Gas Minister Dharmendra Pradhan speaks to Sheela Bhatt/Rediff.com.
The Cuban government has announced nine days of mourning and has set Castro's funeral for December 4.
Despite criticism of a lack of transparency and communication from the Modi-led government, BJP leaders point to "good beginnings" on several fronts to defend its performance. Sheela Bhatt/Rediff.com reports.
Anshu Gupta, the founder of Goonj, has transformed the culture of giving in the country. He has for 15 years now, worked tirelessly to bridge the gap between the haves and the have-nots, by making discarded materials a resource for the poor. His weapon, he says, is 'cloth as a tool of social change.'
'He is anything but astute or charismatic. He believes the Congress can win elections without alliances in the Hindi heartland.'
This Budget signals a shift from a hand-out to a hand-up economy.
'There is no change in the overall story of economic recovery.'
Kejriwal has shown once again that a political party once mandated to ensure governance cannot act the same way it did before assuming power.
'There were 10-15 JNU guys who came in fake lawyer dress and instigated the violence. They want to give us a bad name.' 'When someone holds my brother lawyer's neck must I wait for permission from the media and the police to beat the attacker?' 'These JNU guys are raising anti-India slogans and I am saying Hindustan Zindabad and you say I have created problems.' Lawyer Yashpal Singh tries to explain the violence outside a Delhi court.
'Rahul Gandhi accuses the Modi government of being in thrall to corporate fat cats at the expense of farmers and other common folk. But the facts do not bear out this argument, as Indian farmers are relatively better off compared to the really wretched of the earth, the unfortunate landless, often itinerant, labourer. And since Rahul's ancestors are the ones who failed them, it is a little disingenuous of him to ignore them in his rhetorical flourishes,' says Rajeev Srinivasan.
Meaningful devolution of spending power to states could spread more confidence on the ground and stir precisely the sort of change Prime Minister Narendra Modi had promised.
Modi's name sparks muted enthusiasm, scepticism among youth; people expect better development pace from the prime minister
Investors can take heart from the first Cabinet meeting in the second innings.
Governor Rajan can be more unambiguously pro-growth.
2015 will be a real test for Modi govt.
'If they are not ready for a 10 to 20 year journey, they should not become entrepreneurs.'
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