With inflation expected to decline in the coming months, it will allow the Reserve Bank of India to keep the door open for more policy easing to boost credit demand.
WisdomTree Investments Inc. touted India as its favorite investment pick for years but says it's now concerned with the country's political & social tensions.
Govt has provided Rs 30,000 cr as against Rs 74,340 cr proposed by 15th finance commission, towards revenue deficit grants to states & has made no allocation for bank recapitalisation.
Domestic LPG users, who are entitled to buy 12 bottles of 14.2-kg each at subsidised rates in a year, will get more subsidy.
According to the National Statistical Office data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in Januaro 2019.
The National Statistical Office data showed overall food inflation in January at 13.63 per cent, slightly lower than 14.19 per cent in December.
India bears one of the highest economic costs of pollution at an estimated $150 billion every year. China and US are impacted more at $900 billion and $600 billion respectively.
The downswing in credit ratings, triggered by liquidity stress in NBFC sector, had worsened as companies struggled to raise funds & sell assets to pare debt.
India’s economy is seeing some green shoots but faces unknown risks from the coronavirus outbreak, Chief Economic Adviser Krishnamurthy Subramanian says.
Issuing new debt with no limits on investments by foreigners will be the first ‘necessary step’ for inclusion in global indexes, CEA Krishnamurthy Subramanian says.