Investment banks such as Goldman Sachs Group Inc. expect India to grow at 7.6 %. The pace is probably insufficient for PM Narendra Modi to create enough jobs in time for the national elections due next year.
The central bank's decision is expected to help extend a rally in the bond market, triggered last week when the government cut its first-half borrowing plans.
Arun Kumar’s book “Demonetisation and Black Economy” talks about the futility of such an exercise which brought no gains but caused massive pains.
“We have...
With 40% of banks assets, or 32.4% of GDP, riding on this instrument alone, the debate about priority sector lending is not new. There is a new-found urgency to make it fit-for-purpose.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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