'Previously, contributing only 25 per cent of material costs, states now face burdens of 40 per cent to 100 per cent of total costs, ensuring poorer states will curb project approvals, directly stifling work demand.'
As the fight reaches its crescendo with the big election day just a few hours away, many political observers billed the unpredictable race for the 47th President of the US as the most consequential one in decades while appearing to project a grim picture for the country's future under a Trump presidency.
Investor confidence, in general, in the world is weak and that has spilled over in India.
Nobel Laureate Joseph E Stiglitz had predicted the global financial crisis and talked about its impact on emerging economies like India and China three years ago. In an interview with Business Standard at his Manhattan residence, Stiglitz says the crisis will last a couple of years.
Nobel Laureate and economist Joseph E Stiglitz said on Thursday that the major impediment for India to sustain its high economic growth is lack of infrastructure and wrong regulations.
Joseph Stiglitz says India should not bothered on inflation and instead focus on rapid growth.
Five per cent growth is disappointing but only after having reached nine per cent. However, it is still not all that bad, says Andrew Michael Spence.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances