Indian economy

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High growth cannot be sustained till India makes adequate investments in infrastructure

The Centre has to work closely with states similar to GST council for achieving higher growth. The massive mandate of the new government will help such coordination.

From housing sops to corporate tax cut: Sitharaman's key announcements since Budget 2019

The government announced a slew of measures in four sets which include a special window for real estate, export incentives, bank consolidation and sops for micro, small and medium enterprises (MSMEs) and the automobile sector, and corporate tax rate cut.


Taxing times

Sluggish tax collections are likely to upset spending plans. Government needs to explore other ways to shore up revenues

Slowdown: Direct tax collections now a crawl, shrink Govt’s space to cut GST

Net direct tax collections during April 1-September 15 grew just 5% to Rs 4.4 lakh crore — against year’s target 17.3%. This below-than-expected growth in direct tax collections will muddy the government’s fiscal math

Government should explore all avenues to expand capital expenditures

Despite the recessionary conditions in the industrialised countries, it may still be possible to pitch for a higher growth in exports. The recent announcements on boosting exports is a recognition of this.

Left set for nationwide stir against govt over economy

The CPM, CPI, CPI(ML), Forward Bloc and RSP on Monday decided to hold a joint convention on Friday to finalise dates for the protest actions.


Resident Indians remitted out more money than ever in July under LRS

By comparison, in the five year period of UPA II, between April 2009 and March 2014, the aggregate outward remittance under LRS amounted to $5.45 billion.

India’s growth story is far from over. But govt must incentivise household savings, spur consumption

Given a large jump in household leverage, monetary policy is unlikely to retain the effectiveness through large rate cuts in the current scenario. Only a counter cyclical fiscal response might address the core of the current problem.

Explained: How waived loans impact states

In recent years, many state govts have waived farm loans. How did this impact their respective finances? Following a recent RBI report, a look at why state finances matter for India’s macroeconomic stability

No half measures

Government needs to up public spending and investment in stalled projects to beat the slowdown

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.


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.