Finance Minister Nirmala Sitharaman says progress made on various issues like regulation of crypto assets, restructuring of debt & taxation frameworks, but these are 'possible takeaways'.
India's growth has been revised downwards to 5.9% for 2023, largely in keeping with global activity. However, high debt levels mean large parts of revenue will go in interest payments.
India needs broader base of 'national champions'. There is no wiggle room for investing more public money without fiscal maths going wrong, so some projects may have to be re-visited.
Low-income households seek loans often, but credit is suitable if it helps sustain or improve financial well-being. This is what must be ensured by lenders, regulators & policymakers.
RBI while analysing financial status of states last year termed Andhra as one of top 10 high-debt states. According to CAG it used 65-81% borrowings for debt repayment between 2016-17 & 2020-21.
Partial accounts made public Sunday by Kenyan govt reveal the asymmetries inherent to Chinese-financed development projects, specifically those part of Belt & Road initiative.
The G20 President, India's neighbours Sri Lanka, Pakistan and Bangladesh have recently sought IMF loans due to high oil prices, and the economic damage from the pandemic.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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