If India wants 8% growth, private investment will have to substantially pick up, Ranade explains. But that can happen only if demand improves, which is contingent on wages increasing.
Ranade was removed from his role at the Pune-based Institute but received relief from Bombay HC. In his resignation letter, he writes it 'doesn't indicate acceptance of ineligibility'.
Sanyal is also a member of the EAC-PM. Debroy, who is chairperson of EAC-PM, resigned from GIPE chancellorship last week amid controversy over removal of institute’s V-C Ajit Ranade.
A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Up to 100% foreign ownership of insurance firms, and overhauled rules for banks, pension funds and capital markets aim to shift savings from idle assets toward equities, bonds and long-term investments.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
5% GDP growth on a base of $ 18 trillion. 6.5% on a base of $ 3.8 trillion. Population size equal. That has a direct bearing on removal of poverty, better HDI outcomes.
5% GDP growth on a base of $ 18 trillion. 6.5% on a base of $ 3.8 trillion. Population size equal. That has a direct bearing on removal of poverty, better HDI outcomes.