
India's growth may benefit from implementation of reform agenda: World Bank
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
Domestic industry volumes will continue to drive growth, with export prospects remaining weak, says ICRA.
Economic growth is expected to lose momentum in China and the US.
The Budget lays emphasis on investments, infrastructure, suvidha to the common man and a furtherance of the simplification of rules and ease of doing business, says Goenka.
The chief economic advisor said that inflation should remain controlled in India because of clear policy focus on supply-side measures, while enhancing demand.
The veteran of the investment industry argues that this decade will witness an export-led growth. And while IT and pharma would rule the economy, other smaller industries, too, will jostle to rise up.
At its first monetary policy review for 2021, the central bank kept key rates unchanged, while announcing several measures to manage liquidity.
The survey sees GDP contraction at 7.7% for FY21, but says a V-shaped recovery is visible. Consequently, FY22 growth is pegged at 11%.
The cautious easing of the lockdown in several states and the reverse migration of labour will make a return to normal economic activity a difficult task.
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.