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Ilanomics

Consumption has long propped up India’s economy, so its decline is cause for alarm

The macroeconomy appears sombre because of old difficulties like financing and investment, and new ones like consumption demand.

SEBI’s new focus on rating agencies is the first step towards bond market reform

The IL&FS crisis laid bare the problems facing India’s bond markets. Now, there is a need to build deep and liquid markets via regulatory reform.

Improved credit growth doesn’t mean there is an improvement in the health of Indian banks

Latest bank credit data, with highest reported growth to infra sector, highlights lack of fundamental reform in India’s banking sector.

India will face a fiscal crisis if BJP or Congress fulfil their election promises

BJP & Congress don’t say how they’ll get the money to fulfil these promises. If the govt doesn’t borrow more, it’ll have to raise taxes or cut spending.

RBI governor Shaktikanta Das’s idea of a 10 basis points rate cut would be meaningless

A 10 basis points cut would hardly have any impact on the Indian market. Instead, RBI needs to consider bigger cuts to impact interest rates.

BJP’s Rs 100 lakh crore infrastructure dream only possible with pvt help, financial reform

Modi govt has spent Rs 19.3 lakh crore in 5 years on infrastructure. To meet the manifesto promise, it would need to spend over 5 times that amount per year.

Private projects have been declining, and India’s new govt needs to reverse this trend

Investment is an important driver of growth in India, but the number of private projects announced and under implementation has been declining steadily since 2011-12.

Rahul Gandhi’s NYAY raises too many questions & is not the answer to ending poverty

In an economy where biggest problem is employment, poverty reduction by income transfers is just a palliative. It needs to come with growth & jobs.

Pick-up in quarterly sales reflect an upswing in Indian economy as GST regime stabilises

There is finally evidence of formalisation of the economy as the GST regime stabilises & has a big positive effect on the business cycle.

Narendra Modi and jobs: It’s all about data, and how it’s calculated

Both Modi government and private surveys can be correct about India’s jobs status — because they measure different things, and employ different ways.

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?