Each quarterly estimates of GDP is taking India’s $5 trillion economy target further away. At this rate the country will take about a decade to reach there – far after the original schedule of 2024-25.GDP growth has fallen for the seventh consecutive quarter – down to 4.5% in the second quarte...
India has jumped 14 ranks in the World Bank's ease of doing business index to 63rd place in 2019 from 77th last year. The news could not have come at a better time; Indian economy is going through a prolonged slowdown and the sharp rise in ease of doing business index is expected to improve the conf...
Should India cheer the decline in inflation rate or mourn it as this was caused largely by a fall in the prices of agricultural produce and thus, would affect the country’s farm economy? The softening of inflation rate would help to protect the purchasing power of an average Indian, but the fall i...
The continuing trade war between the United States of America and China is concerning the world. The trade war will not only affect China but also the traditional allies of the US. The future of this trade war depends on how bad the protectionism turns and how dire the consequences would be. But it ...
New Delhi is happy. The International Monetary Fund (IMF) has projected a bigger role for India in future global growth dynamics. The IMF has observed that India’s economy can be a long-term source for global growth.India has three decades before it hits the point where the working-age population ...
Leaving behind the uncertainty following large scale layoffs, India’s IT sector is slowly recovering its lost ground. The National Association of Software and Solutions Companies (Nasscom) has projected a revenue growth of 7-9% for the IT and BPO industry in 2018-19 notwithstanding global uncertai...
“Ships leaving Nhava Sheva port, across the harbour from Mumbai, tend to ride higher on the water than when they arrive. India’s trading statistics explain why: steel and other industrial goods from China weigh down the ships as they come in, to be replaced on the way out by fluffy cotton bales,...
Nobel Laureate and economist Paul Krugman has recently remarked that lack of employment poses the biggest risk to India even as he has remained optimistic about the growth story that will be driven by the world’s fastest-growing economy’s young population.With the fear that India is experi...
The ugly face of inflation is once again on the horizon. Despite promises made by the Finance Minister, Arun Jaitley, the impact of the Goods and Services Tax (GST) on prices has been counting adversely. Except in September when the WPI inflation rate had declined marginally compared to August, both...
India has stopped counting its poor; it is counting its billionaires to showcase what a section regards as economic prosperity. Economic growth is now perceived in the number of cars sold; in the number of rising internet connections or in the number of mobile phones manufactured in the country.Indi...
