New Delhi: India can realistically push its economic growth close to 9 per cent from the current 7 per cent or so, by implementing a few more reforms in the next five years, Chairman of the 16th Finance Commission Arvind Panagariya said on Wednesday. Panagariya said Prime Minister Narendra Modi worked hard over the past … Read more
India has enough domestic resources to fund its growth without relying on foreign capital, but it needs to allocate savings more prudently rather than unproductive assets like gold, a market expert said. Kotak Mahindra AMC managing director Nilesh Shah advocated greater public-private partnerships for state-owned firms to unlock wealth that will fuel India’s growth. “Do … Read more
The Reserve Bank of India (RBI) has said that the International Monetary Fund’s growth forecast for India might be off the mark. “Although too early to tell, most recent data arrivals suggest that the multilateral institutions – the IMF, in particular – might encounter forecast errors, with actual outcomes surprising them positively,” RBI said in … Read more
New Delhi: India‘s potential economic growth could get a boost if government accelerates implementation of its ambitious reform agenda, World Bank said in a report that also outlined policy prescriptions for banking and infrastructure sectors. “Addressing the aftermath of financial sector distress could unlock significant growth,” the multilateral lender said in its ‘Falling long-term growth … Read more
India can achieve the 7 per cent GDP growth in current financial year as projected by the National Statistical Office (NSO), Chief Economic Advisor V Anantha Nageswaran said today. The CEA said the country needs to grow at just 4-4.1 per cent in the March quarter to achieve 7 per cent real GDP growth rate … Read more
Montek Singh Ahluwalia, who was Deputy Chairman of the erstwhile Planning Commission of India during 2004-2014, tells Shantanu Nandan Sharma that the economy is clearly recovering from the depressed levels of 2020-21. But he adds, “The critical question is whether, after the recovery next year, will we only get back to the growth rate of … Read more
Organization for Economic Co-operation and Development (OECD) interim economic outlook has pegged India’s gross domestic product (GDP) growth to rebound to 12.6% in FY22, which will be the fastest in the world, followed by China at 7.8% growth. India’s GDP is expected to grow at 5.4% in the following financial year, owing to faster rebound … Read more