Everything is wrong with the Indian economy. The New York Times certainly thinks so. See this article complete with the picture of manual labourers working the ground with the most primitive tools in India. In the foreground, a sad-looking man carries what appears to be construction material on his head. Look more carefully. I’m sure … Read more
Rating agency Moody’s on Tuesday promoted India’s rating outlook to stable from the negative ranking earlier. It also affirmed India’s Baa3 rating, signifying that the country has robust growth prospects and its economy is on its path to recovery after two years of uncertainty caused by the coronavirus outbreak. In June 2020, roughly about 16 months ago, … Read more
Ahead of the annual Budget presentation on February 01, The Ministry of Finance and Corporate Affairs tabled the Economic Survey for the current financial year 2021-2022 on Monday. Principal Economic Advisor Sanjeev Sanyal while suggesting a revival in economic activities to pre-pandemic levels stated that the economy grew by 9.2% this year after suffering a … Read more
The Vedanta Group and Foxconn, a Taiwanese electronic manufacturing powerhouse, have announced plans to establish a massive semiconductor manufacturing facility in Gujarat. Anil Agarwal, the chairman of Vedanta Group, announced the news on Twitter. “Happy to announce that the new Vedanta-Foxconn semiconductor plant will be set up in #Gujarat. Vedanta’s landmark investment of 1.54 lakh crores will help make … Read more
Prime Minister Narendra Modi launched the National Logistics Policy at Vigyan Bhawan in New Delhi today. The policy is aimed at promoting a seamless movement of goods in the country and enhancing the competitiveness of the industry. It is expected to focus on areas such as process re-engineering, digitisation, and multi-modal transport. The policy will streamline rules … Read more
On Wednesday, the International Monetary Fund (IMF) said that India’s digital cash transfer scheme and several other social welfare programs are a ‘logistical marvel’. While addressing a Fiscal Monitor press conference, Paolo Mauro, Deputy Director of the Fiscal Affairs of India, asserted that there is a lot to learn from India. “From India, there is … Read more
On Thursday, the International Monetary Fund (IMF) lauded India as “a bright spot in a dark horizon” owing to India’s fast-growing economy even in challenging times. India, according to IMF Managing Director Kristalina Georgieva, deserves to be called a bright spot on this otherwise dark horizon because it has been a fast-growing economy even during these difficult times. … Read more
Today India as a nation-state is looking upwards, there is a positive mood, and the economy is moving Northwards. Stock markets are good and GDP growth is getting a thumbs up from economists and rating organizations across the world. We have a very healthy FOREX reserve. We have done a great job in IT, ITES, like BPO … Read more
As the Modi government marks a decade in power amidst ongoing Lok Sabha elections, the ruling BJP is campaigning on its track record, particularly highlighting infrastructure development under Prime Minister Narendra Modi’s leadership. PM Modi has consistently emphasised the transformation in various aspects of infrastructure, including roads, railways, airports, and metro systems. Even opposition parties acknowledge the significant strides … Read more
The double-digit inflation for many years is often listed as one of the most stellar achievements of Sonia Gandhi’s rule (2004 to 2014). Another double-digit achievement during her rule, that is often not given the due it deserves, is the home loan interest rates. The aspiring middle class was investing in buying a home for themselves. … Read more