structural reforms

Stay invested! India growth story intact, but rational yet conservative approach must

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Stay invested! India growth story intact, but rational yet conservative approach must

The budget continues to build on the recent economic progress, and despite substantial provisions for necessary investments, the fiscal deficit is decreasing. It notably prioritises nine areas, which include agriculture, employment, human development, energy security, manufacturing, innovation, infrastructure, and next-generation reforms. Significant allocations and initiatives are aimed at transforming India’s education and employment landscape. Efforts … Read more

IMF projects 6.8% growth in current fiscal for India, says country’s fiscal space is at risk

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IMF projects 6.8% growth in current fiscal for India, says country’s fiscal space is at risk

The International Monetary Fund (IMF) cautioned that India’s fiscal space is at risk as it called for a more ambitious and well-communicated consolidation to ensure medium-term fiscal sustainability. In its Article IV consultation report released Friday, the IMF called for further structural reforms, including addressing the adverse impact of climate change, to secure strong and … Read more

India is the bright spot on the dark global horizon: IMF MD Kristalina Georgieva

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India is the bright spot on the dark global horizon: IMF MD Kristalina Georgieva

Calling India a ‘bright spot’, International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that country was a fast-growing economy, even during these difficult times. “India 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, but most importantly, … Read more

Budget short on structural reform announcements: Fitch

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Budget short on structural reform announcements: Fitch

India’s budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit targets present in the Union budget 2022-23 by Finance Minister Nirmala Sitharaman on Tuesday “are a … Read more

India poised for stronger growth on structural reforms, govt capex push: CEA KV Subramanian

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India poised for stronger growth on structural reforms, govt capex push: CEA KV Subramanian

India’s macroeconomic fundamentals are much stronger, and the country is all set for robust growth on the back of structural reforms, the government’s capex push and rapid vaccination, Chief Economic Advisor KV Subramanian said on Tuesday. Briefing media on the growth number, he said the GDP data for the first quarter reaffirms the government’s prediction … Read more