The budget is being closely watched by the International Monetary Fund as the South Asian country seeks further bailout money during an economic and balance of payments crisis.
Better-than-expected GDP growth in FY23 made possible by 6.1% jump in January-March quarter. Private consumption revival, sustained investment growth key to maintaining momentum.
The government had in February estimated GDP growth for 2022-23 to be 7%. The higher-than-expected actual performance is largely due to a strong cross-sector showing in Q4.
To accurately measure impact of nations' efforts to control carbon emissions, a more corporate approach might be needed — balancing creation of new assets against discarded obsolete ones.
India has all the ingredients for success in manufacturing but ready-to-wear garments for export is 40 per cent more expensive here than in Bangladesh.
Over the past few years, especially post-pandemic, financial savings have been witnessing a shift with more households shifting away from traditional instruments such as bank deposits.
When one tries to gauge which really is the fastest-growing large economy, story line can change based on period chosen for study. So one should be cautious about projections for future.
Responding to Subramanian's argument that India can't replace China, Nageswaran cites digital economy, small businesses and economic boom in 'Foreign Affairs' article.
While global headwinds remain, several factors due in large part to management of key sectors in last few years have placed India in strong position for remaining part of this decade.
It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
COMMENTS