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 governor said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.
According to him, it is time that the Indian industry stood up as one to ensure that it gets a level playing field.
The Narendra Modi government plans to make India a $5 trillion economy by 2025.
The objective of the initiative was to recognize and commemorate the contribution of Prof CK Prahalad, a renowned business thinker, and give a direction to tackle the current distressed economic scenario for a progressive society.
Shaktikanta Das added that COVID-19 pandemic perhaps represents so far the biggest test of robustness and resilience of our economic and financial system.
