According to a Goldman Sachs analysis of the inflation facet that most threatens each Asian economy, exchange-rate depreciation has an outsize impact on India's.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
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.
70 is a psychological barrier, true, but, absent RBI intervention, we have already gone past that mark. The RBI would be well advised to hold on to its reserves. As it is, these have not been built up through consistent trade surpluses, as China’s $ 3 trillion hoard has, but are balanced by external liabilities such as NRI deposits. India Inc has also borrowed a lot abroad.
70 is a psychological barrier, true, but, absent RBI intervention, we have already gone past that mark. The RBI would be well advised to hold on to its reserves. As it is, these have not been built up through consistent trade surpluses, as China’s $ 3 trillion hoard has, but are balanced by external liabilities such as NRI deposits. India Inc has also borrowed a lot abroad.