'In contrast to the generally buoyant tone of the Economic Survey in January, he sounds uncharacteristically pessimistic, saying that forces in the world economy -- slowing global trade, protectionism, robots -- will limit India's manufacturing to levels well below what propelled East Asia's economies decades ago.'
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Faced with sluggish economic growth and dwindling exports, China on Wednesday devalued its currency for the second consecutive day.
'India needs to adopt a more proactive policy of triggering exports to China.'
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
India needs to tread cautiously on the growth path.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
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