The government recently lowered the gross domestic product growth target for the current fiscal to 7 per cent from the earlier estimate of 8.5 per cent.
Terming inflation as the biggest challenge before the Indian economy, Moody's said the Reserve Bank should focus on controlling the price rise and added that maintaining the balance between growth and inflation would a test for policymakers.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
The International Monetary Fund expects India's economic growth rate to moderate to 7.5-7.75 per cent this fiscal, from 8.5 per cent in 2010-11, on account slowing investments and sluggish global recovery.
Amid rising global commodity prices and high inflation, the government is likely to scale down India's GDP growth projection for the 2011-12 financial year next month from 9 per cent estimated in February, chief economic advisor Kaushik Basu on Friday said.
No great economy is generated without innovation and invention, and embedding them in the growth process. This is India's missing link.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
The Union Budget for 2011-12 comes at a critical juncture for the economy -- high inflation, tight liquidity, elevated fiscal and current account deficits, and a slowdown in the reform process have taken away the sheen from the India growth story.
Gains in key IT, capital goods, healthcare and metal stocks, after consistent buying by domestic and foreign investors, helped both the key indices to scale new peaks.
The government on Tuesday said the slowdown in the Europe and US may have contributed to the moderation in India's economic growth rate to 7.7 per cent during the first quarter of the current fiscal.
The latest available data from the Reserve Bank of India show a 77 per cent jump in the FDI in the first half of the current financial year (April-September), compared to what was $19.5 billion the same period a year ago.
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).
In his inaugural speech, Overseas Indian Affairs Minister Vayalar Ravi invited the 25-million strong diaspora to be part of the 'India growth story' and take the country forward in diverse sectors.
According to a Pricewaterhouse Coopers Report titled 'India Pharma Inc: Capitalising on India's Growth Potential', leading pharmaceutical companies in the country have increased their sales forces by around 50 per cent in 2010.
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The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget.
Observing that infrastructure deficit was posing a major constraint to India's growth, Prime Minister Manmohan Singh on Monday said an outlay of over $1 trillion was envisaged for infrastructure projects during the next 5-year plan beginning 2012 and invited Japanese firms to play a greater role in this endeavour.
The estimate is way below the government's forecast of 9 per cent growth in 2011-12.
Asian Development Bank on Tuesday raised India's growth forecast for the current fiscal to 8.5 per cent from 8.2 per cent but expressed concern over persistent high inflation and rising value of rupee which could undermine future economic expansion.
The BSE Mid-Cap index was currently up 0.81%.
Analysts feel the RBI should not opt for another hike in the calendar year.
We expect the region to record another year of solid growth in 2011, the survey said.
As the funnel of good-quality early-stage companies are built, mid-stage and growth capital always follows, says Fireside Ventures founder Kanwaljit Singh.
ICICI Bank chairman K V Kamath says the best part of India's growth momentum is that around 65 per cent of the economy does not need external funding.
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