The expression 'animal spirits' was coined by celebrated economist John Maynard Keynes to refer to investors' confidence in taking action in terms of investment
Though better than before, cost overruns remain a concern. Higher allocations for capital expenditure in FY25 despite the emphasis on prudence
The interim Budget 2024-25 on February 1 will likely see the central government boost investment, while still sticking to the fiscal consolidation path
World Bank President Ajay Banga on Tuesday batted for removing barriers to private sector investment, saying it is key to tackling challenges before the global economy as neither the governments nor multilateral banks have trillions of dollars in their coffers. Speaking to World Economic Forum Founder and Executive Chairman Klaus Schwab in a podcast ahead of the WEF Annual Meeting in Davos next week, Banga said the immediate challenges before the world are conflicts in Gaza and Ukraine as also the debt situation in several emerging markets. In the longer term, the major challenges remain poverty and inequality as also those related to the environment, the former Mastercard chief said. Banga, also a member of the World Economic Forum's Board of Trustees, will be among the key global leaders at the five-day WEF Davos summit beginning January 15. Asked what could be the solutions to the problems of inequality and poverty, Banga said, "the best way to solve, aside from creating better
The struggle to bridge the gap between defence exports and imports raises questions about the viability of strategic partnerships
Banks need to do stress testing for cyber risks
Shah explains his key focus areas and views on the economy as well as the industry
India's economic growth can become faster if the much-awaited private capital formation kicks into higher gear, Chief Economic Advisor V Anantha Nageswaran said on Friday. Nageswaran said that post-COVID financial balance sheets of corporates have been positive. "For economic growth we need to have investment spending ... India economic growth can become faster and accelerate if the much awaited private capital formation kicks into higher gear," he said while addressing an event organised by industry body FICCI. The CEA pointed out that in terms of instilling confidence in the private corporate sector, the government in 2019 reduced the corporate tax rate. Underscoring the significance of robust private investment in driving economic growth amidst global uncertainty and geopolitical shifts, Nageswaran urged the private sector to embrace uncertainty and proactively invest, saying, 'the more the private sector begins to put capital to work, the lesser will be the uncertainty." The .
Encouraging private investment stays a challenge
With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals
The decline in private investment as a percentage of GDP is not as huge as it may appear at first glance
Shares of Vadilal Industries soared to its record high, rising as much as 18.6% after the report
RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics
The state government on Wednesday approved the Uttar Pradesh Township Policy-2023 to boost private investment and provide state-of-the-art township facilities to people. The decision in this regard was taken at a cabinet meeting chaired by Uttar Pradesh Chief Minister Yogi Adityanath. Private investment will get a boost with the implementation of the policy. State-of-the-art township facilities with better quality civic amenities from economic, social and environmental points of view will be available to the general public at reasonable prices, a statement issued here said. "With the development of modern townships equipped with quality civic amenities in the urban areas of the state, better residential facilities will be available to the general public. Planned development of cities will be encouraged. Along with this, there will be an increase in employment generation in the private sector," it added. Finance Minister Suresh Khanna said that the Adityanath government has been ...
He also highlighted the positive transformations observed in Air India following its acquisition by the Tata Group, signifying a positive shift in the airline's performance and operations
Three hoops to jump to be convinced that torrid growth will come
NITI Aayog has pitched for establishing attractive financing frameworks such as blending finances and green bonds to attract private sector investment in setting up small modular reactors (SMR) to decarbonise India's energy sector. The Aayog in a report titled 'The Role of Small Modular Reactors in Energy Transition' further suggested that availability of low-cost finance, green finance and incorporation of nuclear into green taxonomy can improve the economics of SMR projects. "De-risking SMR projects and establishing attractive financing frameworks such as blending finance, green bonds, etc. is pivotal for incentivising private investors," it said. According to the report, it has been observed that venture capital is a poor fit for the "hard" SMR sector. As per the International Atomic Energy Agency (IAEA), the SMRs are advanced nuclear reactors with a power generation capacity ranging from less than 30 MWe to 300+ MWe. "Hence, the public and private sectors must work together to
Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor
Private investment, particularly in hotels and other tourism-related infrastructure, is critical, Culture and Tourism Minister G Kishan Reddy said Thursday while asserting that massive investment opportunities exist in the tourism industry for both start-ups and conglomerates. At a roadshow to raise awareness among stakeholders in the travel and tourism industry about the upcoming first Global Tourism Investors' Summit, he said the government is working in a dedicated manner towards the sustained growth and promotion of tourism in India. "Considering the plethora of experiences the Indian tourism industry offers, such as wellness tourism, adventure tourism, eco-tourism, rural tourism, spiritual tourism and several others, both the state and Central governments recognise the role that tourism can play in driving economic growth. Therefore, private investment, particularly in hotels and other tourism-related infrastructure, is critical," the minister said. Reddy said various ...
Behind the push for increased private sector participation in these sectors is the fact that the share of the private sector declined from 37 per cent in FY08 to 25 per cent in FY19