[ad_1] With a new RBI governor at the helm, the MPC will consider the latest information on consumer price index (CPI)-based inflation and GDP growth available since the last meeting. Average headline CPI inflation in the third quarter of 2024-25 at 5.6% was well above the target, though in line with RBI’s baseline estimate. The…
[ad_1] Life is normal again. Economic activity in most countries is humming, much as before. However, the costs of the global economic disruption are still evident in government finances. The massive intervention to support households, firms and national economies was inevitably costly. Global public debt is now more than $100 trillion—and still rising. This is…
[ad_1] The recent market correction has meant a reduction in the price-earnings premium of India over other emerging markets from around 20% levels to ~13-14%. The near- term trend of greater investor flows towards developed markets will keep the India premium in check, believes Suresh Soni, CEO, Baroda BNP Paribas MF. This notwithstanding he expects…
[ad_1] India’s economic growth remains strong, with the share of gross fixed capital formation in GDP above 31%, which is good news for the ongoing recovery. That said, policymakers and commentators would do well to stop crowing over India still being the world’s fastest growing major economy. The US, with a GDP of $27.4 trillion,…
[ad_1] Indirect taxes contribute more than 40% to the Centre’s tax kitty and the goods and services tax (GST) has a dominant share of it. GST, one of the biggest structural reforms since Independence introduced by the Modi Government in its first term, has completed seven years since its rollout in July 2017. India was…
[ad_1] Anticipation of imminent cuts rose after the Jackson Hole huddle of central bankers and economists, an occasion that market participants across the world were watching for cues. “The time has come for policy to adjust,” Fed chair Jerome Powell said in his speech, adding that “the direction of travel is clear, and the timing…
[ad_1] Jan Suraaj chief Prashant Kishor on Sunday took swipe at Tejashwi Yadav and said that Rashtriya Janata Dal (RJD) leader discusses development model is laughable. Kishor also claimed that Tejashwi Yadav does not know what GDP and GDP growth are. Kishor made the remark after Tejashwi Yadav critisized Bihar Government while saying that despite…
[ad_1] As the world’s largest democracy, India navigates a complex landscape of diverse cultures and socioeconomic challenges. In this ever-evolving environment, artificial intelligence (AI) has emerged as more than just a technological breakthrough; it is a catalyst reshaping India’s trajectory. Generative AI (GenAI) is poised to significantly impact India’s economy. Projections suggest it could add…
[ad_1] India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP). So government borrowing in any given year cannot exceed that limit, to rein in profligate budgeting. However, a rigid limit on government borrowing can be counterproductive in some situations. For…
[ad_1] As the challenge of becoming a developed country by 2047 cannot be overstated, it’s good to see realism attend some of India’s official discourse on this goal. A government approach paper on Viksit Bharat lays out what’s needed. India’s economy must reach $30 trillion from $3.3 trillion currently, while per capita income would need…
