But the industrial data is unconvincing, and a rate cut is needed to secure growth.
2014 was the year of acrimony. 2015 promises to be the year of acronyms.
Jaitley said that policies are also being worked to provide skill training to the youth.
The absolute fall of 854.86 points was the biggest in a day since July 6, 2009, when the index fell 869 points.
NDA has embraced previous government’s worldview. It differs only in implementation.
Government’s reforms agenda is on track and economy is on its way to transition to 6.5 % growth: Morgan Stanley
India is the fourth largest producer of steel in the world and also its third largest consumer.
The period would also herald a possible shift in the Centre’s stance on fiscal consolidation.
If the forecast materialises, it would mark an improvement from two successive years of below 5% economic growth in India.
WPI inflation eases for a 6th straight month in November to its lowest in nearly 5-1/2 years.
UN report says India is likely to make progress in implementing economic policy reforms and help provide support to business confidence.
Listing the priorities before the government, he said, there is a need to pursue macroeconomic stability, build world class infrastructure, unlock entrepreneurial energy and put in place a social security system.
Finance minister Arun Jaitley on Wednesday spelt out further reforms including plans to raise the foreign investment cap in insurance sector.
As states face a renewed fiscal crisis, the Modi government should shed Delhi’s old patronising ways, restructure states’ debt.
Services sector activity in India accelerated at the fastest pace in five months in November…
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