India's slowdown has bottomed out and now its economy needs to be opened up if the country wants to realise the ambition of a 10 per cent growth rate, former NITI Aayog Vice Chairman Arvind Panagariya has said.
On a normal day, the Thai capitals iconic Grand Palace is flooded with Chinese tourists taking photos under statues of mythical giants and Buddhist icons. But now, they are rarely seen.
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels, says IMF.
BJP Ballia MP, Virendra Singh Mast has said that if the nation was going through a recession then people wouldn't have been buying clothes, pants and pajamas.
Finance Minister Nirmala Sitharaman on Sunday said that the foundation for achieving the goal of USD 5 trillion economy by 2024-25 has been laid in the union budget which stressed on increasing capital expenditure for infrastructure.
The country needs to double credit growth to 15 per cent to become a USD 5 trillion economy by 2024-25, say bankers. The country has recorded high double-digit credit growth in the past and is capable of achieving similar growth now as well, they added.
RBI pegged India's growth rate in the next financial year at 6% and 5% in the current fiscal and decided to maintain the status quo on the benchmark interest rate.
Taking a jibe at PM Modi, Congress leader Rahul Gandhi posted an old video of Prime Minister exercising saying please try "your magical exercise routine a few more times" as it may just start the economy. His statement has come in the backdrop of Union Budget 2020 which according to Gandhi was hollow and lacked roadmap to revive economy.
The per capita debt in Pakistan jumped 28 percent to Rs 153,689 at the end of last financial year, the Finance Ministry informed the National Assembly while confessing that all budget strategy targets were missed and that caused faster accumulation of public debt.
During her budget speech, Finance Minister Nirmala Sitharaman on Saturday proposed 16 action points focusing on horticulture sector, food storage, animal husbandry and blue economy.
Chief Economic Adviser K V Subramanian on Friday said India's GDP is expected to grow at 6-6.5 per cent next fiscal as the economic slowdown has bottomed out.
The Congress on Thursday accused the NDA government at the Centre of mutilating the soul of India and trampling upon the country's economy, saying it can be measured today in terms of Global Misery Index (GMI) and not the GDP.
Nobel Laureate Abhijit Banerjee feels that he wouldn't have won the nobel prize if he was living in India. The 58-year-old India-born American economist was speaking at a session at Jaipur Literature Festival when he was asked if he could have won the Nobel based in India.
The BSESENSEX lost 332.18 points or 0.79 per cent to close at 41,613.19 points. NIFTY lost 104.10 points or 0.84 per cent to close at 12,248.25 points. The Indian rupee lost 24 paisa or 0.34 per cent, to close at Rs 71.32 to the US dollar.
A top US diplomat Alice Wells has said that not meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program.
Not meeting the obligations of the Financial Action Task Force (FATF) would have a devastating impact on Pakistan's economic reform program, a top US diplomat said.
Union Minister Prakash Javadekar on Wednesday announced that the central government will have a 'plan of action' to boost the economy with the upcoming budget to be presented on February 1.
US President Donald Trump on Tuesday said the US is in the midst of an economic boom that has never been seen before anywhere in the world.
China's economy grew by 6.1 per cent last year, the lowest annual growth rate in 29 years, National Bureau of Statistics said on Friday, as weak domestic demand and the bruising 18-month-long trade war with the US took their toll on the world's second-largest economic giant.
India attracted tech investments worth USD 9.36 billion last year, a 95 per cent increase compared with the previous year, according to the data compiled by a global database company.
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