Global growth, according to IMF, likely to be lower at 3.3%
Indian economy is set for a 'goldilocks' period -- used to describe a timeframe of high growth and low inflation -- while it can become Asia's fastest growing economy in 2016, Japanese financial major Nomura said.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
According to the global financial services major, inflation may remain sticky, with a possible El Nino effect on the monsoon likely to push up food prices and geopolitical uncertainties seen pumping up global commodity rates.
Attlee said Great Britain had concluded that the Indian element of the army was no longer reliable and that Netaji's Indian National Army had demonstrated that. That had shaken the foundation on which Britain's Indian empire rested, argues Lieutenant General Ashok Joshi (retd).
The global financial services major had earlier said that the central bank would keep its policy rates on hold.
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
China is in no hurry to disengage at the border and the region and international community is moving on. The spectre of a long haul in Ladakh haunts India, points out Ambassador M K Bhadrakumar.
Monetary Policy- Easing expected to happen later this financial year.
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
Jaishankar criticised the UNHRC for its criticism on the situation in Jammu and Kashmir,
The rupee had plunged 65 paise in its biggest single-day drop in over six months to end at 61.49 in Wednesday's trade against the greenback, hit by spike in dollar demand and negative cues from local stocks.
IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead of the earlier projected 7.6 per cent.
It will require a political and tactical genius to, first, assuage the hurt feelings of the locals over the denial of their state's privileged status, and then to accommodate the national objectives of integration and development as spelt out by New Delhi, points out Amulya Ganguli.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
'The politician in him saw to it that the foundation stone was laid in Ahmedabad in the run-up to the assembly election in Gujarat in 2017.' 'But the statesman in him also wants it to be his legacy.'
Why did the Chinese military take over the lab in Wuhan in end January? Did something go wrong? Claude Arpi glances at the mystery surrounding the origin of the coronavirus.
'The ceremony on May 30 is all about Modi and there is the great risk that Imran Khan who is a rockstar among Indians might end up stealing the show,' says Ambassador M K Bhadrakumar.
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
On price rise, HSBC said that the rate of cost inflation decelerated sharply while output prices were unchanged.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
Moody's said it expects exposure to low oil prices to shave off 0.8 per cent from real GDP growth on average across oil exporting countries in 2016.
'We will not accept these misadventures by the Chinese.'
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
The United States has ruled out any mediation on the Kashmir issue as long as India rejects such a proposal and asked Pakistan to avoid employing militancy as an instrument of state policy.
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Modi government must push reforms at a fast pace to restore growth.
The global economy is fragile now. It continues to face both long-term and short-term issues.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
Although as per the IMF-OECD estimates, an incremental growth of 1.8 per cent in global GDP is achievable
'The choice of Dhoka La for the intrusion by Chinese troops is significant and suggests a twin objective of pressuring Thimpu to allow Beijing to establish an embassy there and reinforcing Chinese claims on Arunachal Pradesh,' warns former RA&W officer Jayadev Ranade.
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
With Donald Trump the appeal has to be to his business instincts in which his personal interests seem to play a significant role, says former foreign secretary Kanwal Sibal.
The central bank, however, warned that the downside risks to growth could play out if global recovery slows.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
In the current fiscal so far, retail inflation stabilised around 5 per cent, while wholesale price-based inflation averaged around 2.9 per cent during April-December.
'The bigger challenge and dilemma for Pakistan would be if the US and Saudi Arabia go full throttle against Iran and enforce regime change in Tehran.' 'That would be bad news for Pakistan, especially with the current instability in Balochistan,' notes Brigadier Narender Kumar (retd).
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