The government's annual Economic Survey report said its baseline scenario for growth for 2023/24 was 6.5%, with nominal growth, which accounts for inflation, forecast at 11%.
According to Deloitte’s survey, industry leaders say global economic slowdown, geopolitical tensions, & supply chain disruptions can pose challenges to India’s growth rate.
Sinking of Joshimath has provoked larger concerns about the environment. And though India's green record is better, govt must heed environmental warnings, prioritise water conservation.
Services sector shows buoyant recovery but manufacturing estimated to decelerate due to weak external demand. Moderation in commodity prices could provide some support to the sector.
Scientists who authored the paper claim IPCC projections give rich nations higher energy consumption, cutting down share of developing ones, potentially affecting development.
Government data shows that India’s GDP was 5.6% higher in first half of 2022 than in same period of 2019, but not all sectors are growing at the same pace.
Strong macroeconomic fundamentals have placed India in good stead compared to other emerging market economies, says World Bank. Lowers next year’s growth estimate from 7% to 6.6%.
While GDP growth was lower than Q1's 13.5%, economy saw an uptick on quarter-on-quarter basis driven by services sector. But contraction in manufacturing is cause for some concern.
Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.
India's govt sector is large compared to East Asia. Yet, we have poor-quality public services. It might be prudent to take a look at what they actually deliver and at what cost.India's govt sector is large compared to East Asia. Yet, we have poor-quality public services. It might be prudent to take a look at what they actually deliver and at what cost.
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.
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