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Latest Articles in economy growth

Reforms Power Growth; Catalyses Social Mobility

Economic reforms are not sufficient. While the rate of growth is important, so is the trajectory and pattern. Growth must be accompanied by a very intense focus on social mobility.

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India To Monetise $81 Bn Worth Of State Assets Over Next 4 Years

The top five sectors, estimated by their potential for monetisation, are roads, railways, power, oil and gas pipelines, and telecommunication.

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Govt. Must Consider Reintroduction Of Tax Incentives For R&D In Defence: Jayant D. Patil, L&T

Time-lags have proved a hurdle for defence equipment procurement in India, which is why the private sector L&T Defence’s ahead- of- schedule delivery of 100 of the K9 Vajra to the Indian Army is path-finding. L&T Defence heralds a new chapter in defence production in India, standing out as a leader with next-gen technology that ranges from the potential light tank to next generation submarines under the P75 I. Jayant D.Patil, Whole-time Director and Sr. Executive VP (Defence & Smart Technologies) - L&T, is a key force behind these game-changing initiatives and unprecedented transformation that the Indian defence industry is witnessing. In a free-wheeling chat with BW Businessworld’s Manish Kumar Jha, he addresses wide-ranging topics on technological innovation for the Indian Armed Forces.

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Govt's COVID-19 Stimulus Package For Economic Revival 'Inadequate': Parliamentary Panel Report

It has recommended that the government should immediately come out with a larger economic package aimed at bolstering demand, investment, exports and employment generation to help the economy, including MSMEs to recover from the pandemic fall-out.

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GST Council Leaves Tax Rate On Vaccines Unchanged

Sitharaman said the Council decided to continue a waiver of I-GST on free COVID-19 related supplies imported from abroad.

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Diesel Sales Rise As Economic Activity Picks Up

Petrol sales rose 5.3% to 1.05 million tonnes in the same period from a year earlier, the data showed.

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Delhi's Economy Estimated To Contract By 3.92% In FY'21: Survey

The per capita income also went down from Rs 3.76 lakh in 2019-20 to Rs 3.54 lakh in the current fiscal year.

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India's Services Growth At One-year High On Boom In Domestic Demand

The economic rebound and the solid recovery in manufacturing activity helped boost the composite PMI to a four-month high of 57.3 in February.

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India To Be Among Fastest Growing Emerging Economies In FY22, Rating Hinges On Deficit, Debt

India has exceeded its fiscal deficit target of 3.5 per cent in the current fiscal by a wide margin due to higher spendings to stimulate economy amid the pandemic.

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Infrastructure Is ‘Public Good’

The infrastructure deficit economies suffer the ignominy of stunted development. They lag. Have lower economic multipliers. Several other societal parameters suffer, manifesting into a deprived ecosystem.

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India To Become 5th Largest Economy In 2025, 3rd Largest By 2030: CEBR

The CEBR forecasts that the Indian economy will expand by 9 per cent in 2021 and by 7 per cent in 2022.

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India Resumes Talks With Protesting Farmers Over Agriculture Reforms

The farmers, who form a powerful political constituency, fear the laws passed in September could pave the way for the government to stop buying grains at guaranteed prices, leaving them at the mercy of private buyers.

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Pandemic-driven Reform Agenda Can Raise India's Medium-term Growth, says Fitch

According to Fitch, the pandemic will slow medium-term growth, as damaged corporate balance sheets are expected to dampen investment for years.

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India's Economy To Return To Normal Faster Than Expected: Barclays

India is nearing 9 million confirmed cases of the novel coronavirus – the second highest in the world, after the United States – but the number of new daily cases has fallen since a peak in mid-September.

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Economy Expected To Bounce Back From Next Fiscal: SBI Chairman

There will be a 'paradigm shift' which will lead to a more matured economy' with economic players learning to contain costs

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