Provided a social safety net is given to the farmers the government’s pathbreaking legislations could produce significant results according to the world’s apex financial body.
Unbridled foreign currency inflows into Indian stock markets can lead to an appreciation of, and volatility in, the Indian currency. Thus, the central bank’s role in ensuring that the rupee trades in a narrow band will be very important in the coming quarters.
The ‘United States Strategic Framework for the Indo-Pacific’ document talks of building up India’s capabilities and posit it as a counterweight to China. Though authored by the Trump administration, the strong strategic convergence between New and Washington is expected to ensure that the Biden administration doesn’t make too many changes to it.
Britain’s Prince of Wales launched his new Terra Carta as an urgent roadmap for companies to scale up their green credentials and ambitions with a call out to India and the crucial role it plays in addressing the planet’s climate crisis.
Aggressive lending and improved services offered by public sector banks is fuelling a revival in the fortunes of the passenger vehicles sector in India. This trend is being helped by the RBI’s stance on improving liquidity and lowering the cost of financing for borrowers.
Strategic expert Alex Ellis will take charge as the new British High Commissioner to India even as the UK Prime Minister was forced to postpone his planned India visit in January 2021.
The sector is set to dial up the numbers this year by recording unprecedented growth thanks to a ‘new normal’ in social and economic activity.
Thanks to the state machinery functioning smoothly, backed up by steadfast support from the Centre, voter turnout was 51% with no allegations of rigging or fraud.
The Modi government’s proactive outreach to UAE is beginning to pay rich economic dividends. Companies such as Emaar, DP World and others are building a massive food corridor that will ensure food security in the Gulf state and benefit 2 million farmers in India.
Enthused by India’s future prospects and the reforms undertaken by the Modi government, in the face of the pandemic and national lockdown, several marquee foreign investors have poured in immense sums of money into companies such as Jio Platforms Reliance Retail and a few others.