A painful monetary course correction can lead to sustained long-term growth.
Vested interests have scuttled earlier attempts at cutting back the cash economy. To succeed, the Finance Ministry’s latest bid must focus on making the cost of cash transactions unaffordable.
The new policy statement allowed foreign direct investment up to 51 per cent and automatic approval for technology agreements in high-priority industries.
Combined exports of April-May stood at $ 44.40 billion as against $53.63 billion in the corresponding period a year ago, down 17.21 per cent.
The external environment has had both a positive and negative effect on India’s economy.
With bad loans piling up, government must act quickly to ease the stress on an embattled sector.
Government must raise public investment by at least one per cent of the GDP
Nuanced arguments about ‘value’ may square up statistically for now, but company results belie claims of a manufacturing rebound.
They must also be willing to do the heavy lifting to kickstart the investment cycle.
Arun Jaitley: Absolutely clear that the economy is in recovery mode
Rising openness to global trade may create ways for circumvention of capital account restrictions.
A fifth of those stuck in FY14 cited issues of land acquisition, clearances and raw material availability as major hurdles.
The Indian economy made a decisive structural turn in 1991. A new series looks back at events in the transition and the ways in which they’re playing out now.
The current crisis in the Indian economy is because of the undersupply of the risk-taker.
The Indian currency had plummeted to a record 68.845 a dollar in August 2013.