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Latest Articles in economic growth
That Illusive Double Digit Growth-What Will Drive The Indian Economy
As India fends for resources to fight a virus and keep the economy on an even keel, it also looks beyond the pandemic and the targeted $5 trillion GDP. Are the country’s strategies and policy framework on track? BW Businessworld’s Manish Kumar Jha speaks to economists across the political divide for a realistic assessment of the state of the economy
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We Are In Phase Of Creeping Protectionism And MGNREGA Is Still The Best Bet In Rural Areas: Nobel Laureate Abhijit Banerjee
Abhijit V. Banerjee, Professor of Economics at Massachusetts Institute of Technology, received the 2019 Nobel Prize for Economic Sciences. How well his ideas fit into India’s economic growth amid the volcanic challenges are debated in his book--Good Economics for Hard Times-- which he co-authored with Esther Duflo. He touches upon more politically contentious issues like trade, inequality and the universal basic income for those who are left out of the economic growth story. In a free-wheeling conversation with Manish Kumar Jha of BW Businessworld, Prof. Banerjee comments on India’s healthcare, the privatization, fiscal support, and the complex matrix of Direct Benefit Transfer Scheme. He asserts that the Indian economy could be competitive should “we open ourselves to trade”. Excerpts:
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Markets Retreat From Record Highs As RBI Trims Growth Forecast; Banks, RIL Top Drags
World equities stayed on the backfoot, in line with Wall Street, as investors fretted over higher inflation and its impact on the Federal Reserve's accommodative stance.
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Policy Imperatives For Strengthening The NBFC sector – key To India’s Economic Revival
Practical and easy to implement, albeit somewhat bold, steps like the above are needed to stave off a crisis brewing in the NBFC sector and pave the way for an orderly growth of the MSME sector as well as the infrastructure sector.
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No Immediate Plans To Raise Capital: SBI Chairman
Borrowers can get home loans starting from 6.70 per cent for loans up to Rs 30 lakh and 6.95 per cent for loans above Rs 30 lakh to Rs 75 lakh.
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Will Try To Keep Soft Interest Rate Regime As Long As Possible: SBI Chief
The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) and hospital management for setting up medical facilities on an emergency basis for the treatment of COVID-19 patients.
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Second COVID Wave Poses Downside Risks To India's Economic Growth: S&P
India's speedy economic recovery right up until March 2021, has partly alleviated non-performing loan stresses
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Fresh Wave Of COVID-19 May Pull Down Growth Below Double Digit: Ex Finance Secy
Economic growth expected to be 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4 this fiscal.
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India As Electronics Repairs Hub Can Create Annual USD 20 Bn Revenue, 5 Mn Jobs
The initiative to make India an electronics repairs outsourcing hub can be proved to be one of the driving factors for promoting the economic growth of our country.
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Ind Ra Revises Down India's FY22 GDP Growth Forecast To 10.1 %
The Reserve Bank maintained its 10.5 per cent GDP growth estimate, but Governor Shaktikanta Das has flagged the rising cases as the biggest impediment to recovery.
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Agri Minister Launches National Nursery Portal
Tomar said that the youth could become entrepreneurs in the horticulture sector and contribute to economic growth.
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Steadfast As Steel
Tata Steel is focusing on conserving cash and ensuring adequate liquidity to ride out any potential disruptions.
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Testing Times
The pandemic queered the pitch for India Inc in FY2020. And it’s going to test the mettle of corporates in the following fiscal as well
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Local Lockdowns: RBI Says No Need For Loan Moratoriums At Present
Das reiterated his comments made last week, expressing hope that the current rise in infections will not lead to an impact on economic growth, stating that factories are functional, vaccination is on and people are better prepared to deal with COVID-19 at present.
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Strata Aims To Cross 850 Crore In AUM By June 2021; To Expand Across Mumbai, Delhi & Pune
Real estate is closely linked to the infrastructure sector and is fundamental for its growth, while also creating the right environment for economic growth.
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