It should 'localise smallest of the components' and invest in new technology, says business leader
In India, the main reasons for the slowdown were decreases in government spending and net trade (exports minus imports), according to OECD calculations.
The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan
Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events
India has seen GDP growth of 7% or more for five straight years only once in the past 30 years
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
Expect capex to pick up in the second half of the year and inch closer to 6.4% Budget estimate for full year
Here is the best of Business Standard's opinion pieces for Thursday
India's Q1 GDP grows at 13.5%: What does it mean? Will creditors lose out in RCap resolution? How long before the primary market revs up? What is Floor Area Ratio? All answers here
India's Q1 GDP grows at 13.5%: What does it mean? Will creditors lose out in RCap resolution? How long before the primary market revs up? What is Floor Area Ratio? All answers here
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
The 13.5% print is lower than consensus estimates, and more so, when compared with the Reserve Bank of India's Q1 forecast of 16.2%
The GDP numbers, Finance Secretary T V Somanathan said this trend was par for the course, as GFCF in Q1 was usually lower than the previous year's Q4.
Lower than expected growth poses hard questions
India's economy achieved its fastest annual expansion in a year in the April-June quarter, according to NSO data
What do Q1 GDP estimates say about the economy? How will EV adoption affect auto component makers? When will RIL stock hit the Rs 3,500 mark? Why Sec-194R of IT Act has confused people? Answers here
Says country will the milestone assumed in the Budget despite the tense geopolitical situation
Should India ramp up its ambition to achieve net zero emissions by 2050, it could boost GDP by 7.3 per cent (USD 470 billion) and create almost 20 million additional jobs by 2032, a new research shows. Achieving net zero emissions by 2070 could boost India's economy by as much as 4.7 per cent above the projected baseline growth in GDP terms by 2036 worth a total of USD 371 billion, illustrates modelling and research commissioned by the High-level Policy Commission on Getting Asia to Net Zero. Launched in May, the commission has four members -- former Australian prime minister Kevin Rudd, former United Nations secretary general Ban Ki-Moon, former vice chairman of Niti Aayog Arvind Panagariya, and global head and director of Climate Business, International Finance Corporation, Vivek Pathak. The commission launched the "Getting India to Net Zero" report on Friday, which said India achieving net zero by 2070 would boost annual GDP by up to 4.7 per cent by 2036. Net zero will also bri
India's GDP is expected to be much higher in Q1FY23 and growth is expected around 15.7% with a large possibility of an upward bias because several indicators have shown good progress