India’s economy has grown due to its trustworthiness, decisive leadership and democratic structure favoring transparency at all levels, Union Commerce, Industry and Textile Minister Piyush Goyal has said. The country, which is now a $ 3 trillion economy, has announced a stable policy framework and respected every investment made across sectors, Goyal said during an … Read more
India’s economy has grown due to its trustworthiness, decisive leadership and democratic structure favoring transparency at all levels, Union Commerce, Industry and Textile Minister Piyush Goyal has said. The country, which is now a USD 3 trillion economy, has announced a stable policy framework and respected every investment made across sectors, Goyal said during an … Read more
Despite the shifting goal posts, the aspiration to become a $ 5 trillion economy in five years still burns bright among the ruling dispensation’s policy makers. Growth in the Indian economy is barely recovering from the nationwide shuttering of economic activity and partial lockdowns thereafter to battle the pandemic during the last couple of years. … Read more
Senior Congress leader P Chidambaram on Friday criticized the government over the state of the Indian economy, asking if it was in the “pink of health” after high fiscal deficit, inflation, and the depreciating value of the Rupee. He also questioned the government for “backsliding on the fiscal deficit target for the current year. “Within … Read more
Sustained capital outflows from the capital market have unnerved the stock markets and led to a weakening of the rupee amid rising inflation across the globe. With the US Federal Reserve set to hike rates further, outflows are likely to continue, putting pressure on the Indian currency. Why is capital flowing out? Foreign portfolio investors … Read more
While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face TopicsIndian Economy | Fiscal Deficit | GST Council The Indian economy is staring down the barrel of a twin-deficit problem, if not … Read more
. The World Bank recently cut its FY23 real GDP growth forecast for India to 7.5 per cent from 8 per cent, which is slightly more bullish than the Reserve Bank of India’s forecast of 7.2 per cent. S&P and the IMF have also recently cut their FY23 forecast for India. . Amid these signs … Read more
Karnataka Chief Minister Basavaraj Bommai on Monday said that Prime Minister Narendra Modi is on a mission to make India a USD 5 trillion economy and Karnataka has decided to contribute USD 1.25 trillion to the Indian economy to realize its objective. The Chief Minister was speaking at a function at Mysuru Maharaja College Grounds … Read more
India better placed to deal with macro challenges: Finmin Photo: BCCL India is relatively better placed to handle macroeconomic challenges as compared to many developed nations as the country’s financial sector stability and Covid vaccination success helped its economy open up, the finance ministry has said in a report. In its monthly economic review report, … Read more
India’s fiscal and monetary sides currently have ‘spaces’ to be able to absorb a lot of shocks, and the country can easily allow its large foreign exchange reserves to ‘burn’ if necessary in order to cushion the system amid ‘global difficulties’, Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister, said … Read more