Indian economy
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$5 trillion economy is not an extraordinary goal
The CEA has good reason to be worried about the insufficiency of domestic resources. Government/ public investment can be made only out of tax revenues and public sector surpluses. Of these, tax revenues are under pressure. 2018-19 was a particularly dismal year; yet the government has set aggressive targets for tax revenues in 2019-20. Evidently, the CEA does not share the government’s optimism.
Modi government focused on accelerated growth led by private sector: NITI Aayog Vice-Chairman
Rajiv Kumar emphasised that the focus of the second term of the Modi government is accelerated economic growth, beyond the 7 per cent the country has achieved to an eight per cent plus growth that is led by the private sector and private enterprise.
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First, let there be investment
Budget does well to focus on investment and infrastructure rather than propping up consumption to boost the economy.
Road to $5 trillion
It is not redistribution but growth that matters. We have to increase the size of the cake.
Crisil: ‘India Inc Q1 revenue to grow at slowest pace in two years’
According to Crisil, this compares with an average revenue growth of 14-15 per cent in the past four quarters.
Explained: What does it mean for India to become a $5-trillion economy
If India grows at 12% nominal growth (that is 8% real GDP growth and 4% inflation), then from the 2018 level of $2.7 trillion, India would reach the 5.33 trillion mark in 2024.
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Core sector growth at 5.1% on better electricity, steel output
The growth of India’s eight core sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — is a lead indicator of the monthly industrial performance.
Amid concerns over trade war & domestic growth, FPI inflow slows down in June
Between January and June, FPIs have pumped in a net of Rs 77,322 crore, the highest in the first six months in any year.
Indian agriculture has reached a stage where more the govt intervenes, lower will be the growth: NITI Aayog member Ramesh Chand
NITI Aayog member Ramesh Chand says time has come to free farm sector from controls, shift from input subsidies and procurement to income support and deficiency payments, and create an enabling environment for greater corporate investments in agriculture
Rethink poverty — and policy
Given the estimated poverty decline in India between 2011-12 and 2016-17, time has come to change our economic policies — concentrate on what causes growth, not what causes poverty to decline
Indian economy Photos
Postcards of Change: Transforming cities take centrestage
Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.
Indian economy Videos
‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’
In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.
'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'
Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.
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No need for 'exaggerated panic' among investors: Jaitley
New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.
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