The research agency also said that the govt would make a greater allocation of funds to farm and rural sector in the 2018-19 Budget.
Deficit concerns due to declining GST collection & additional govt borrowing have not hurt the equity markets much this time as FPIs, who take this data seriously, are not the only drivers and domestic retail money has witnessed a big surge.
T-bills to be trimmed from present Rs 86,203 crore to Rs 25,006 crore by March-end.
The Centre for Economics and Business Research (Cebr) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices.
If the fiscal, monetary and political levers for supporting growth via policy are weak, it means that the prospects of a recovery are dependent entirely on the private sector.
Assocham expects the forthcoming Union Budget to be “heavily tilted” towards the farmers while the industrial focus would be on sectors which create jobs.
Gopinath, one of the few tenured professors and who is also on the economic advisory panel of the Federal Reserve Bank of New York.
The company said this acquisition would help it expand its geographical reach and distribution footprint and almost treble the client base.
“One of this is the growth of private consumption and sound macroeconomic policies. The monetary policy, which has been able to control inflation, also has a role to play.”
Jaitley was speaking last night at an event organised to mark the golden jubilee celebration of the local branch of the Western India Regional Council of the Chartered Accountants Association of India (ICAI).
For now, Parliament is ill-equipped to oversee economic issues in an integrated way
Moody’s had last week raised India’s sovereign rating for the first time in over 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms.
The government has so far borrowed Rs 4.46 lakh crore of the budgeted Rs 5.8 lakh crore for the fiscal year 2018 leaving close to Rs 1.34 lakh crore of borrowings over the next four-and-a-half months.
The rise was led in part by an unfavourable base effect, a surge in inflation for vegetables and a rise in price levels for eggs and milk
The report also said that falling dependency ratios, financial maturity and increasing incomes and affordability would be the key drivers that would lead to the country’s growth.