India's Growth

In its latest Monthly Economic Review, the Ministry said global economic developments remain complicated in November, and that fiscal and monetary policymakers need to remain vigilant

Lenders are waiting for clear demand patterns to emerge and policy stability, say analysts

Finance Minister Nirmala Sitharaman on Friday said India's long-term growth prospects are embedded in public capital expenditure programmes. Sitharaman, while attending the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting hosted by Indonesia in Bali, also said evidence-based policy making is vital for resilient economic systems. The government has laid emphasis on capital expenditure to push economic growth hit by the pandemic. It is expected that the increase in public spending would crowd in private investment. Sitharaman raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex last year was Rs 5.5 lakh crore. "Reflecting on India's #growthstory, FM shared that India's long-term growth prospects are embedded in public #CapitalExpenditure programmes, & #EvidenceBased #PolicyMaking is vital for resilient economic systems," .

The struggling economy is Narendra Modi's biggest challenge. He could defy it and continue to rise spectacularly, or fix it miraculously and do even better

Counsellor in India's Permanent Mission to the UN Ashish Sinha said India improved its ranking by 23 positions in the World Bank's Ease of Doing Business rankings last year

High oil prices and an uncertain global trade environment may pose challenges for the current account, reports World Bank

Deloitte said the manufacturing sector remained robust, rising 8.6% on a three-month moving average in Feb, against 9.1% in Jan

Companies were also less optimistic about the availability of finance for the first quarter of the fiscal year, the RBI survey showed

Says Japan, Europe and the US along with India were growing, there was a levelling-out in developing countries

Growth revival in India remains a "concern" due to subdued consumption and investment demand even nine months after demonetisation and nearly two months post GST rollout, says a report. It also cited mounting bad loans and weak corporate balance sheets as well as farm loan waivers as compounding the problem. According to Dun and Bradstreet, distribution of monsoon remains uneven which might impact rural demand to an extent, while the transition to the Goods and Services Tax (GST) is likely to create some disruption and impact the immediate sales volume across businesses. It noted however that the implementation of GST will help businesses in the mid-term to long-term. "Nine months after demonetisation and two months of GST implementation, concerns to growth dynamics do prevail led by subdued consumption and investment demand, compounded by twin balance sheet problem and strain on state finances due to farm loan waivers," Dun & Bradstreet India Lead Economist ...