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 ...
Nine out of ten financial analysts in India today are busy counting the dismal consequences of the rising non-performing assets (NPAs) of the banking sector. The slowdown in the economy in the last few years has led to a rise in bad loans or non-performing assets deteriorating the asset qu...
“It is my aspiration that health finally will be seen not as a blessing to be wished for, but as a human right to be fought for” was how Kofi Annan, former United Nations Secretary-General and a co-recipient of the 2001 Nobel Peace Prize had looked at the growing health issue of the world....
Indian energy sector is a study in contrast. It is undergoing transformation and disruption at the same time. A record capacity of over 75 GW was added in the last three years and yet, the PLF fell drastically leading to a huge unused capacity. India has the fifth largest power generation capacity i...
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...
If the present government’s biggest structural reform – implementation of Goods and Services Tax – has not yet delivered to its potential; the second big reform in the form of Insolvency and Bankruptcy Code (IBC) has shown visible effect on the financial life of the economy. It has brought sig...
“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,...
Finance Minister Arun Jaitley must be a happy man. Vindicating IMF and World Bank’s high GDP growth projections for 2018-19, India’s investment scenario has improved considerably. Reflecting the trend the non-food credit flows of banks to commercial sector have increased steadily in recent...
Soon after Prime Minister Narendra Modi took office in 2014, he called for converting challenges faced by farmers into opportunities. He urged Indian states to prioritise the agriculture sector with a target of doubling the income of the farmers by 2022. Agriculture should be made employment-oriente...
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...
