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 Reserve Bank of India (RBI) in its policy review last month kept interest rates unchanged and said it sees upside risk to inflation..
It said persistent growth challenges including weak infrastructure, rigidities in labour, land and product markets, and rising financial sector risks continue to constrain the economy's potential.
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
As per the National Statistical Office, Gross Value Added (GVA) came in at -22.8 per cent.
Briefing reporters after the 41st meeting of the GST Council on Thursday, Finance Minister Nirmala Sitharaman said the economy is facing an extraordinary 'Act of God' situation, which may result in economic contraction.
