Addressing a conclave virtually, RBI Governor Das said times were uncertain and the central bank does not have the luxury of predicting a growth number and then changing it often.
SBI research report says number of rural districts with less than 10 cases has fallen to 14 in Aug, from 55 in June. Full-year contraction forecast in double digits.
Economists forecast an 8.7 per cent contraction in the second-quarter from year-ago levels, almost equaling the record 8.9 per cent decline posted in the first quarter.
For two decades, I had maintained that unlike the developed West, India should not be overly concerned about inequalities because our economy was in the growth phase.
Cleaning up bank balance sheets might stem current slump, but until lenders see major set of new opportunities, Indian economy won’t return to rapid growth.
RBI has so far taken a leaf each from the US Fed & ECB’s books to manage bond yields using unconventional tools, as inflation keeps it from cutting rates.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
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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