India’s services sector, long the linchpin of its economic dynamism, is showing signs of moderation.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
In its Economic Outlook for Asia-Pacific (APAC), S&P said that despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
India’s retail inflation slipping below 4 per cent in February signals a crucial inflection point for the economy.
India is set to become the world’s third-largest economy by 2028, overtaking Germany, according to a report by global financial services firm Morgan Stanley.
India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
India’s recent economic trajectory has been a roller coaster of highs and lows, marked by ambitious reforms and unexpected challenges.
Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper' on the Indian economy in the Lok Sabha which blamed the erstwhile UPA government for the ‘mountain of bad loans’ and ‘double-digit inflation’ in the period before the Narendra Modi-led government took charge.
Surprising many political voters, the community emerged as the most coveted bloc in the 2020 election with a record 71 per cent rate of voting among Asian Americans and ensuring President Joe Biden’s victory.
Fearing backlash from China, the Three Brotherhood Alliance (TBA), which controls the Shan state after expelling the military, has also pledged to act against these illicit industries.
