The Eastern path~I
India's Act East policy was launched in 2014. As pointed out by Prime Minister Modi, it rests on four pillars: Culture, Commerce, Connectivity and Capacity.
India's Act East policy was launched in 2014. As pointed out by Prime Minister Modi, it rests on four pillars: Culture, Commerce, Connectivity and Capacity.
India’s economic outlook remains resilient, but it’s clear that a complex interplay of global and domestic pressures demands careful navigation.
Reserve Bank of India Governor Shaktikanta Das has signalled a cautiously optimistic stance on inflation management, underscoring the dual focus on growth and price stability.
The Indian economy could grow between 7-7.2 per cent in the current fiscal on strong government spending, and higher manufacturing investments, Deloitte India said on Tuesday.
The country is expected to become a $4 trillion economy in 2024–2025, which would make it the world's fourth-largest economy.
The pace of recovery started picking up due to increase in corporate travel, but it was short lived as the onset of second wave brought back travel restrictions and derailed the recovery.
It added that the economic growth in developing Asia is set to rebound to 7.3 per cent this year.
"It is clear if you apply old world formulas to new world situations, your outcomes can only be sub-optimal,"
The consumption slowdown in February is lowest since September when it had begun becoming clear that worst is over and demand is picking up.
During the time of the pandemic, it is the government that has borrowed the maximum to provide stimulus to the economy in the absence of private corporate investment.
