The Role of Amusement and Theme Parks in the Indian Economy
28 Apr 2019 The term Amusement parks spark our imagination in a way that takes us right back to our own childhoods. Be it simple Indian Melas, or today’s proliferation of the same, like Disneyland, both children and adults alike find themselves enjoying it immensely. With the dawn of globalization and boost in the rising […]
Challenges to growth
25 Apr 2017 While the GDP growth rate remains encouraging, the Indian economy suffers from declining investment, slow industrial growth, overcapacity and rising bank non-performing assets (NPAs). NPAs – Bank NPAs at 9.3% with public sector banks at 11% is a matter of high concern. NPAs are close to Rs 7 lakh crore, growing by […]
Demonetization: A Bold Economic Reform
27 Apr 2017 An unexpected currency swap drive was launched on 8 November last year, as a part of which all 500 and 1000 rupee notes were demonetized as legal tender and were to be exchanged for new tender in 500 and 2000 rupee denominations. This move, which removed 86% of the currency in circulation […]
The Corporate Stress Facet of India’s Twin Balance Sheet Problem
15 May 2017 India’s economic growth remains resilient, with official projections of FY17 Gross Value Added (GVA) growth at 6.9 per cent, and RBI forecasting an uptick in FY18 growth to 7.4 per cent. The pressing issue now is to sustainably accelerate India’s growth up to 8 per cent and above. The only way to […]
Policy Focus
29 May 2017 1.Cabinet approves setting up of Rail Development Authority The Union government has approved the setting up Rail Development Authority (RDA), an independent regulator to recommend passenger and freight fares and set service level benchmarks. Setting up of RDA will help improve the services offered to passengers, provide comfort to investors and enhance […]
Economic Cheer for Festive Season!
17 Oct 2017 Ahead of Diwali, several economic indicators have turned positive, adding a good note to the festivities! The International Monetary Fund (IMF) says that India will grow at 7.4% in 2018 and also expects the country to regain the tag of ‘fastest growing major economy’. Recent reforms such as the Goods and Services Tax (GST) […]
Indian Economy in 2018: Current Status, Prospects and Challenges
29 Dec 2017 With the New Year bells ringing, good news is underway for India as its economy is poised to win back its tag of the fastest growing economy in the world. The recent upgrade of India’s rating by the US based credit rating agency Moody’s (Baa2 from Baa3) in recognition of the reforms […]
Shaping Economic Policy: Looking Beyond Elections
18 May 2019 With the gargantuan exercise associated with general elections gaining traction, and the new government set to be in place in around a month from now, there is much anticipation and interest among major stakeholders on what would be the economic agenda of the new government? The question which is uppermost in our […]
Good Governance Remains the Key Cornerstone of Reform Agenda
19 May 2019 Good governance is fundamental to achieve speedy and inclusive growth and to provide timely and quality services to citizens in order to meet the aspirations of India@75. Good governance also empowers citizens through better provision of education, healthcare and social security. The trifecta of executive, legislature and judiciary must work together efficiently […]
State Level Reforms Critical for Growth
24 May 2019 Over the last few years, Central and State Governments have undertaken a slew of reforms to boost investments and growth. Key challenges for India are sustaining the high growth rates, alleviating poverty and ensuring balanced growth. As India enjoys a federal government system with many areas such as education, healthcare, agriculture, and […]