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.
The contention that Maharaja Hari Singh could not have offered accession to India because a Standstill Agreement already existed with Pakistan is clearly ill-founded.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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