During the March quarter, high frequency indicators showed that a rise in urban incomes had boosted sales of expensive cars, Apple mobile phones, and air travel.
The finance ministry, in its monthly economic review, said the reason was partly due to challenges in the country's external sector as well as weather-related uncertainties
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.
While highlighting the economy's resilience and impending private sector investment growth, the ratings agency also highlights an uneven reform record of the Indian govt.
Speaking after 27th meeting of Financial Stability and Development Council, Ajay Seth said easing of KYC norms and dealing with financial crises early were among the issues discussed.
BJP’s pro-business, pro-economic reform image is now being dented, even though this regime is better positioned to make positive change than most before it.
Conventional reasons of low demand, capacity utilisation, access to bank credit, poor profitability aren't to blame. It's lack of confidence in economic management, say economists.
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.
World Bank’s India Development Update does, however, say that inflation will ease, and that strong services exports will mitigate some external factors expected to slow growth.
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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