Twenty-seven days before the Budget, it was an awkward time to speak extensively on the state of the economy or to give any assurances.
Almost all steps in the strategy to revive investment are likely to be slow and painful. There are no shortcuts
“When Manmohan Singh brought some reforms in 1991-92, our GDP was reduced to 1.8. In comparison to that, it’s an achievement that even after huge reforms like GST and demonetisation, our GDP didn’t face that reduction,” Rajiv Kumar said.
An estimate of 6.5 per cent GDP growth rate for the full year implies estimation of 7 per cent growth rate for October-March
The Central Statistics Office (CSO) is scheduled to release its advance estimates of national income 2017-18 on Friday.
GDP numbers confirm the worst is over for the economy. The task of revival lies ahead
Blaming the dismal Q1 slowdown due to poor consumption demand, contraction in manufacturing due to GST disruptions, and declining in mining activity, SBI economists said recent macroeconomic indicators point to an overall recovery.
Recapitalisation of PSBs through widely-discussed recapitalisation bonds has precedence not only in India but also in many other countries like Korea and Malaysia.
“Pakistan is facing headwinds in the external sector and a rising fiscal deficit that could put macro-economic management at risk,” World Bank said.
Since the macro fundamentals of the economy are very strong, growth will definitely recover going forward, Union Minister Ravi Shankar Prasad who heads the IT and law and justice ministries, said.
Finance minister must recapitalise better public sector banks. This will strengthen distressed balance sheets
Government must acknowledge the economic slowdown and act urgently to reverse it
By linking growth both with employment as well as with the imperative of holding our own with China for strategic autonomy, Prime Minister Modi has brought sustainable, high quality, inclusive economic growth to the centre of political discussion, which is where it rightfully belongs.
Economy could be in a temporary supply shock. Fiscal stimulus will only accentuate external imbalances
Without naming predecessors Yashwant Sinha and P Chidambaram, Arun Jaitley said they have “decided to act in concert because speaking on persons and then bypassing the issues is something which is very easily done”.