Economic reforms: Looking back and ahead
The first year of the Prime Minister at the helm of policy making in India has truly been momentous. The country has witnessed a number of.. The year goneby has been packed by economic events but the general approach towards economic reforms has.
Kick-starting an economic revival
When Narendra Modi took oath as Prime Minister on May 26, 2014, there were great expectations from him making decisive moves to put the economy back in recovery mode and on to a high growth trajectory of a 10+ per cent per year growth rate.. These.
Assocham gives Modi govt 7 on 10, says a lot needs to be done
Seven out of ten, according to Assocham, is the right score for the Narendra Modi government on completion of first year in office, the chamber said. Assocham President Rana Kapoor said government deserves credit for somehow making Parliament run .
McKinsey Greater China ��� Why India, Why Now?
While not without challenges, expectations are high that the new government could put Indias economic growth rate back on track, commiserate with its promise and potential.. The new government faces challenges in reviving a sputtering economy.. (McKinsey Global Institute). The first and most immediate objective for the government is to manage their expectations. India needs 1 million jobs per month over the next 10 years to absorb its rising labour force.
Write a Goldilocks story: Modi governments first full-fledged.
In the last few years, several challenges emerged that have slowed down growth of the Indian economy. Given that uncertainties around the global economy continue, Jaitley will have to grapple with both domestic and��.
Key indices rally as monsoon arrives over Andaman and Nicobar Islands
The market sentiment was also boosted by a statement from the Finance Ministry which stated that the government has managed to better its target for containing the fiscal and revenue deficits in the last financial year.. ONGC, GAIL (India) and Oil.
One year of Modi govt: Global challenges could make economic revival a.
The summer of 2015 looks different from 2014. The year gone by has seen several changes that have had an impact on the economy. While the changes may not quite qualify as big-bang reforms, the Modi government in its first year has taken measures that .
Join Indias smartest graduate students and annotate Modis.
As the Prime Minister has often said, we are a round-the-clock, round-the-year Government. 1. Madam, allow me to describe the changes in the Indian economy since we first took office. In November, 2012, CPI inflation, stood at 11.2%. deficit for this year is expected to be below 1.3% of GDP; based on the new series, real GDP growth is expected to accelerate to 7.4%, making India the fastest growing large economy in the world; foreign inflows since April 2014 have��.
Narendra Modi just cracked Indias economy open a tiny bit.
The Narendra Modi governments flightpath described in Jaitleys 90-minute-long address will be a combination of big infrastructure spending, safeguards for the.. After a landslide electoral victory on the promise of reviving Indias economy to what it was before the global financial crisis, the prime minister and his economic team have been criticised for making only piecemeal reforms.. Yet, as in years past, the biggest push will still come from the government itself.
An Opportunity to Reenergize U.S.-India Relations
Indias position at the World Trade Organization (WTO) trade talks would have been disappointing under any circumstances, but it was especially disheartening coming from the Modi government, which has been projecting an image of India as a dynamic economy open to global trade. Modis track record of making Gujarat one of Indias most investor-friendly states inspires confidence that he will prioritize reviving the economy and encouraging private-sector growth.
Can Modi govt defy global headwinds?
The April 2015 trade data and fourth quarter results of IT majors such as TCS and Infosys are stark reminder of the challenges that Modi government faces as its tries to take Indian economic growth trajectory back to the high of pre-2008 crisis. India.
Investors need to be patient with India story: Rajeev Malik, CLSA
Do not forget that Mr Modi inherited an economy which had a fair number of problems that had to be fixed and all these cannot be fixed overnight, which is where we had been warning that expectations -- both in terms of scope and speed with which things.
PM Narendra Modi in China, Day 2: As it happened
Partnership in modernizing Indian railways, two Chinese industrial parks in India, commitments of USD 20 billion in investments into India over the next five years partnership in our Make in India Mission: This is the shape of our future: PM Modi; You.
Modi has one job: Get Indias lazy tiger of an economy to roar
The first: On Feb. 26, railway minister Suresh Prabhu did a rousing, clackety-clack rendition of the railway budget. For the first time in many years, that parallel universe of the Great Indian Railway seemed once again to regain some of its charm.. What will really get the economys engines roaring is investment, and this is where Jaitley faces his biggest challenge: To make India more business-friendly, to make its tax regime fair and predictable, and to persuade��.
Briefing: Indias energy and climate change challenge.
Modi was elected last May on a promise to prioritise the revival of Indias economy above all else. This is only.. While India continues to make encouraging noises around taking action to tackle climate change, the US-India pact is weaker than the one Obama signed in Beijing last year. That perhaps unsurprising, as the agreement broadly fits with Modis economic and energy plans and reflects Indias image of where it sits in the international climate negotiations.
Reasonable taxation, ease of doing business govts priority, Arun Jaitley says
NEW DELHI: Making taxation more reasonable and improving ease of doing business will be among his top priorities going ahead, finance minister Arun Jaitley said on Sunday as he outlined the economic road map of the Modi government for its second year .
US-India Relations in 2014: After the Election, Opportunity.
Indias recent election of a new Bharatiya Janata Party (BJP) government presents an opportunity for reinvigorating U.S.���Indian ties, and ending the malaise that has taken over the relationship in the past few years.. Prime Minister Modi is expected to focus on reviving the Indian economy and taking steps to encourage private-sector growth, which should help raise confidence among U.S. investors and improve the overall atmospherics of U.S.���Indian economic ties.
Todays Top Supply Chain and Logistics News From WSJ
. global deliver. If Alibaba, as well as JD.com and, of course, Amazon, can blend the online buying, payment and delivery of consumer goods into one seamless process ��� and make it profitable ��� they can change the way supply chains operate... India.
Prepare for More Volatile Times as India-Pakistan Ties Turn.
That will not necessarily translate into increased tensions between India and Pakistan ��� Modi has made it clear his priority will be reviving economic growth, which at below five percent is far short of the eight percent. It is the combination of the two ��� a new government in India and Pakistans domestic situation, compounded by long-standing fears of an India-Pakistan proxy war in Afghanistan after US combat troops leave ��� that will make the region so volatile.
FDI inflows pick up
The recent upheaval in the stock market is disturbing news. It recovered temporarily and gained nearly 2 per cent on May 7th. But again there was a big fall on May 12th. There have been massive selloffs by foreign institutional investors (FIIs) that.
How to quench smart cities thirst
With the objective of providing 24x7 power supply to consumers by 2019, the Modi government has pushed for regulatory and consumer-oriented reforms through the Electricity (Amendment) Bill, 2014.. Thus, availability of limited water resource makes.
Secular Versus Cyclical: Notes from SIC 2015
It takes work to make it that way. Last fall, when I began to consider my lineup for this years conference, one of the big questions on my mind and the minds of nearly everyone I was speaking to was Federal Reserve policy, so I specifically looked for.
In terms of price, bottom is in place for the market: Sandeep Tandon, Quant.
ET Now: So in these last 365 days while the recent rhetoric from people has been that enough has been not done on reforms or the government could do more, if you list out the kind of stuff that the government has done actually it is quite remarkable.
An Economic Driver Called Modi | India Real Estate Compass
Modi has already demonstrated in Gujarat what his pro-business, infrastructure and policy-driven approach can do for economic revival and growth. His image is of a. Today, he has an unenviable and monumental task before him now while dealing with deeply entrenched challenges and scripting a new growth story for India.. Also, transportation costs have increased significantly in the last one year, as the central government has gradually deregulated fuel prices.
Make in India: Please Listen to Raghuram Rajan | Swarajya
Dr. Raghuram Rajan, Governor, Reserve Bank of India, today (on December 12, 2014) delivered a rational counter to Narendra Modis version of Make in India campaign in the Bharat Ram Memorial Lecture in New Delhi. Saying that. In a hugely populous country like India where most quarters of the population are uninformed about what constitutes good economics, it may not augur well for a government to take unpopular decisions at inopportune times. To be sure��.
BIGMo: Indias economy under Modi
ONE YEAR ON��� The problem with hype is living up to it. Ache Din, Mr. Modi repeatedly pronounced in a victory speech last year, and vast swathes of Indians took him at his word. In Indias financial world, dominated by. Clearly, the repair of the largest balance sheets in the nation was going to take a long, long time.. Given the optimism that a Modi government would revive investment, shares of companies manufacturing capital goods surged all of last year.
Is Modi an economic reformer? - AEI
Mihir Sharma of the Business Standard argued that the Modi government deserves credit for effective decision making, especially compared to past governments. However, Sharma stressed. As the Modi government approaches its first anniversary, join this Google Hangout as three leading experts evaluate the past year and frame challenges on Indias horizon. Tweet your. is online only. Viewers in India can tune in from 9:30 to 10:00 p.m. Indian Standard Time.
InReview: Indias Modi ��� A Quarterly Review | LDESP
���The world will not wait for us. We have to run ahead of time. We should not say in 2014 that a project conceived in 1992 will take some more time,��� the Times of India quoted Mr. Modi saying in a speech to scientists and military leaders... Growth stuck below 5 percent is disappointing for an economy that boasted of a near double-digit economic expansion until a few years back and was widely expected to be one of the main drivers of the global economic recovery.
Chinas resurgence wont impact India FDI inflows: SS Nayak
The global economy has to get adjusted to this rate from Chinas record double-digit rate.. Following the recent visit by Prime Minister Narendra Modi and conclusion of economic deals of over USD 10 billion, improvement in Chinas economy and its.
Asia to face ���significant economic challenges��� in 2015.
As Chinas economic expansion moderates and Japan struggles to come out of its third recession in two years, economists have revised down forecasts for several economies in the region. On December 17, the Asian Development Bank (ADB) said. that monetary easing is likely in early 2015. The combination of monetary policy stimulus and the economic reforms of the new Modi government could drive a significant Indian economic recovery over the medium-term.
Foreign Trade Policy: Very Ambitious Targets | Swarajya
The governments Foreign Trade Policy 2015-2020, unveiled by Commerce Minister Nirmala Sitharaman on April 1, aims to double Indias exports from $465 billion to $900 billion in five years. This also means. The World Banks Global Economic Prospects report predicts a moderate rise in global growth, averaging 3.3 per cent from 2015 to 2017. Of this. If economic recovery there is going to be weak, then the $900 billion target could prove to be extremely difficult.
Peripatetic PM
To be noted, too, is the Chinese decision to make it easier for Indian pilgrims to visit Mansarovar, this too being a revival of a facility once commonly available to Indian citizens. The biggest and most substantial outcome of Mr Modis visit is the.