Page 2 - Economic Reforms

Reforms, innovation drive India's global economic rise: Amitabh Kant

According to the International Monetary Fund (IMF), 75-80 per cent of the world's growth this year will come from the Global South, with India and Indonesia at the forefront of this surge

Bad economics is corrupting politics, undermining good governance in India

Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets

Manmohan Singh: Portrait of a technocrat as a practitioner of politics

Manmohan Singh, a pioneering economic administrator and India's fourth-longest-serving PM, leaves behind a legacy of economic reforms, policy pragmatism, and unwavering dedication to public service

Manmohan's legacy as PM: Goodwill earned in 1st stint, but slips in the 2nd

An analysis of economic parameters shows that history will be kinder to him more for his first term than the second

Manmohan Singh: India's quiet reformer taught a generation to dream

Manmohan Singh, who died at 92, was above everything else the embodiment of hope

India's top economic moments in 2024: Women welfare to foreign inflows

Year ender 2024: India has maintained its position as the fifth-largest economy and continues to be one of the fastest growing economies in the world. Here's how 2024 panned out for the country

Time to adapt: India's climate efforts lack alignment with urgent needs

Evidence suggests that both the extent of change and the associated income losses are likely to be higher than expected

From success to anxiety, Shenzhen braces for impact of Trump presidency

Shenzhen stands as a template for spectacular economic success, but now, deep anxiety looms over the impending Trump presidency

Why exchange rate volatility is essential for economic flexibility

While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility

'Every Indian owes you a debt': Ratan Tata's letter to former PM goes viral

In a letter, philanthropist and industrialist Ratan Tata conveyed his admiration for former Prime Minister PV Narasimha Rao's "outstanding achievement" in initiating vital economic reforms in India

Argentina to launch new test for 40,000 state staff; failure means 'fired'

The nature of this suitability test is not known yet. Argentina's Javier Milei administration has been aggressively cutting government spending and has fired 50,000 employees since December

Climate change risks grow faster for wealthy, poorest remain at risk: Study

Economic risks for the wealthy due to climate change is growing at the fastest rates because of impacts to global supply chains and goods and services, even as the highest risks remain with the poorest around the world, according to a new study. Across countries, lower-income consumers are known to face higher economic risks in a changing climate because of a low capacity to adapt. However, researchers explained that inequality in consumption between varied income groups within a country is grounded in how easily one is able to substitute goods to adapt to the effects of climate change, including shocks to supply chains. The team from the Potsdam Institute for Climate Impact Research (PIK), Germany found that low-income consumers are more vulnerable to supply shocks as they spend a greater share of their budget on hard-to-substitute necessary goods. On the other hand, high-income consumers spent larger shares of their budget on easier-to-substitute goods so that they suffer smaller

Eye on FDI, Centre to ask state govts for investment-friendly reforms

The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23

Corporate governance: Should govt be market-friendly or business-friendly

Political acceptability comes more readily to a govt visibly involved in supporting non-corporate private sector, reducing income inequalities and regional disparities, and addressing caste concerns

Need far-reaching reforms for India to be developed nation

Since 1990, 34 middle-income economies covering only around 250 million people have managed to shift to high-income status

Road to Viksit Bharat: India will need continuous reforms at all levels

The government's focus should be on rapid economic growth, and it would do well to avoid issues that could hamper its ability to intervene in economic matters effectively

Govt committed to 'major economic reforms', says PM Narendra Modi

PM said, his government has chosen the path of reforms to bring about a change in the lives of the poor, the middle class, deprived people, the urban population, and the youth

Budget 'nudges' in the right directions

But much bolder and comprehensive reforms are needed

Close coordination with govt helped in economy's quick revival: RBI Guv

Governor Shaktikanta Das on Friday said the Reserve Bank's relations with the government have been "smooth" during his nearly six-year term, and credited the close coordination between the two for the quick revival of the economy after the pandemic. Speaking at an event organised by Financial Express here, the bureaucrat-turned-central banker said nobody has expected him to be a "cheerleader" for the government during his term. "I am saying from my experience. Nobody expects RBI to be a cheerleader. I have had no such experience," he said, responding to a specific question about a lament made by one of his predecessors in a recent book. Asked if he is open for a new term at Mint Road, Das said he is very focused on the current assignment and does not think of anything outside that. Das said the RBI is optimistic that its estimate of 7.2 per cent growth for FY25 will be met, and added that with steady growth, the focus of the policy has to be "clearly and unambiguously" on inflation

Budget to see historic steps; major economic, social reforms: Prez Murmu

The pace of reforms will be accelerated in tune with the aspirations of people of India for rapid development, says Droupadi Murmu, President