Economy Of India
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7.5% growth not enough to employ 1.2 cr people joining India’s workforce every year: Raghuram Rajan
Fp Staff •Raghuram Rajan said there were some headwinds in the aftermath of structural reforms and the government was on its way to resolve these issues.
India likely to become a $5 trillion economy in next eight-nine years
Ians •India is already ranked as the most active Internet user globally on a monthly basis. Digital transactions will touch $100 trillion in the next 10 years.
Demonetisation anniversary: Narendra Modi a visionary but PM must take persuasive approach to reforms
Sreemoy Talukdar •The jury is still out on whether demonetisation was a good or bad policy and whether it has met its stated and unstated objectives but one year into Narendra Modi's incredibly disruptive move, the perils of forcing through a major policy decision in a diverse democracy is clear.
India can become a 'great power' if it gets health, education and governance right
Aakar •Even in 2016, India is distracted by things like anti-national slogans, skirmishing with neighbours and issues of culture and identity. Mob violence and lynchings are common and it doesn’t really matter which government is in power. Till we get these basics rights, our march towards becoming a great power will remain slow.
Manmohan pledges $10 bn as 5 MT of food rots back home
George •Manmohan wrote off eight times more money to save the world than his finance minister saved by snatching away 5 MT of food from the plates of hungry Indians.
The Subbarao Dilemma: To cut or not to cut
George •The latest inflation figures won't give comfort to the RBI, but there's a huge clamour for a rate cut. Chances are, the RBI may just oblige with a 25 bps one.
Sensex to gain 10 percent by year-end: Poll
Fp Archives •A poll of economists suggests that Sensex is set to gain ten percent by the end of the year aided by a slump in oil prices and foreign investment.
Sensex closes in green, Axis Bank down 3% on HSBC stake sale
Fp Staff •It was a volatile session in the markets, however, both the BSE and NSE managed to close in green (0.14 percent) for the second consecutive today (expiry day for June series)
Maquarie accuses HDFC of inflating earnings, cuts target price by 30%
Fp Staff •The brokerage further alleged that the quality of earnings reported are being driven more by its corporate book and aggressive accounting practices.
Nifty trades below 5,000, Rupee woes continue
Fp Staff •The market breadth continues to remain negative. On the BSE, 1514 stocks have declined while 1,017 stocks advanced.