With globalization in retreat and global growth impulses weakening, how can India’s economy sustain a pace of 8% expansion for at least a decade? As Economic Survey 2024-25 notes, that’s what Viksit Bharat would need. Its most notable prescription, thus, is deregulation. Business activity should not be micromanaged and governments in general would do well…
The CEA’s fervent wish is reminiscent of what Samuel Johnson once said of second marriages. They represent ‘the triumph of hope over experience.’ The reason is simple. The Survey is authored by technocrats under the leadership of the CEA, who, unfettered by the compulsions of realpolitik, are free to make suggestions that most democratically elected…
Stock Market today: The Benchmark Nifty 50 index and the S&P BSE index ended Thursday with gains of 0.37% and 0.30%, respectively, at 23,249.50 and 76,759.81. The Bank Nifty, at 49,311.95, rose 0.30%. Realty, energy, and pharma were other key gainers, while IT and auto lagged. Broader indices ended nearly flat. Trade Setup for Friday…
This is my third offering of the Economic Survey, a comprehensive compilation of information and perspectives on the state of the Indian economy. It delves into issues that warrant focused and continued attention, providing insight and analysis crucial to understanding India’s economic landscape. The Survey of 2024-25 comes within a short span of six months…
