Investment is an important driver of growth in India, but the number of private projects announced and under implementation has been declining steadily since 2011-12.
RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.
Economic growth in the July-September quarter may have retreated from the 8 per cent plus expansion in the three months ended June, a slew of high-frequency data show.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
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.
Not good news for an incumbent seeking a second term.