Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
The Economic Survey was tabled in the Parliament on Friday.
The fiscal deficit of the Centre remains a worry, running at over 6.5 per cent of GDP in April-September 2014, mainly because of revenue shortfalls from exaggerated projections in the government's July Budget and despite the relief on subsidies from lower oil prices.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
Keep exit plans handy, D-day could be the second week of August, writes Sonali Ranade in Market Notes.
'We are dealing with a size of the world that equaled England and France combined. We are talking about 250 years of history.' Sultans of Deccan India, 1500-1700: Opulence and Fantasy -- a first of its kind exhibition anywhere in the world -- opened at the Met, April 20. Aseem Chhabra spoke to Navina Haykel, the curator of the show.
The elements are all aligned to make India a global powerhouse, says IMF Managing Director Christine Lagarde.
'When I was staying in Teen Batti (in south Mumbai), I had one washroom and we were 10 people. Today I have three washrooms and I am the only one using all of them. Can you see the quantum leap that I have taken in life?' Jackie Shroff gets candid.
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