Protecting established entities, resisting change, or prioritising short-term political gains can all lead to stagnation traps. India must embrace creative destruction for prosperity.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
Survey says that India, in light of significantly-changed external scenario, needs to focus on domestic growth drivers and reduce regulations impeding them.
Indian middle class seethes at growing phenomenon of political parties taking their tax money and spraying it among the more numerous poorer classes to buy their votes.
Sales revenue of manufacturing firms saw weak growth in September quarter. Rural demand indicators performed better than urban. Capex must rapidly pick up in 2nd half of the fiscal.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Speaking at an event in Delhi, Shaktikanta Das said India’s potential growth rate was 7.5% & economy could 'eventually' grow at 8%, adding the current yr's growth was expected to be 7.2%.
A working paper, published by Economic Advisory Council to PM, shows that UP & Bihar used to be ‘powerhouses’ of India’s economy around 60 yrs ago, but that's no longer the case.
World Bank has revised India’s GDP projection for current fiscal to 7% from previous estimate of 6.6%. Pick-up in agriculture & govt spending should lift growth in the coming quarters.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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