Indian Economy On Recovery Path

India's growth was much better than IMF expectations the last fiscal year and those carryover effects are affecting our forecast for this year, said Gita Gopinath

UP is among India's top producers and exporters of toys, leather goods, and textiles in the country

"While the government's capital infusion into public sector banks will help them meet Basel capital requirements, it will not boost credit growth," the agency said

The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms

The economy is expected to be on normal course in early next financial year, says Dinesh Khara

Yet, if 8% eludes, it'll be due to legacy issues to do with banks and companies-the stubborn "twin balance sheet" problem of excessive debt, writes T N Ninan