The quarterly contraction in India’s growth in the ongoing fiscal is set to end in the third quarter with a marginally positive 0.1% growth, according to the National Council for Applied Economic Research (NCAER). The think tank pared its forecast of gross domestic product (GDP) growth during the ongoing fiscal to -7.3% compared to -12.6% … Read more
A subdued global economy further impacted growth. The pandemic has rendered the outlook even more sombre. So is India’s growth story over? Synopsis With continued policy attention on reforms — which spur private investment, increase the economy’s competitiveness, promote greater integration into the global economy, and ensure an efficient financial sector — India can revert … Read more
The government has to step in and invest massively in ongoing and shovel-ready infrastructure projects, such asthe Delhi-Mumbai Industrial Corridor townships, to boost economic recovery. But there is plenty the government can do to induce growth without spending money.One, stop patronising power theft and offering free, unmetered supply. The power sector’s problems are less about … Read more
A new focus on investment would be the perfect complement to the call for Atmanirbhar Bharat. The first is a necessary condition for the second. Synopsis The reality is that only one component of GDP — investment — can send growth into orbit. For double-digit growth, investment needs to touch 40% of GDP. We know … Read more