Restrictive interest rates expected to weigh on demand, regulatory actions aimed at controlling unsecured lending, & lower fiscal deficit to contribute to the moderation, says report.
A simple growth rate comparison suggests India grew slower in 2014-23 than 2004-2013, but this overlooks impact of global economy. Factoring this in changes economic performance picture.
Indian markets will continue to gain in 2024, supported by steady earnings growth and macroeconomic stability, Goldman Sachs analysts led by Timothy Moe said.
No sector has emerged to lead India's growth in decades. But even if it were to grow & become 3rd-largest economy, its real challenge would remain — eliminating multidimensional poverty.
Sustained sectoral growth, accounting for around 60% of overall output, indicates India's economy will continue to outpace many of its major peers over the coming quarters.
In the process of keeping control of their inherited parties, they indulge in ruinous financial in-discipline & retard the economic growth of the states that they rule.
Medium-term impact of pandemic means some lowering of India's sustainable growth rate is inevitable. The fact that we are fastest-growing in the world is only a relative benchmark.
There should be an independent body that analyses each state and provide analysis of benefits of spending on different heads, writes Seth Ramachandiran.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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