Indian Economy

/Tag: Indian Economy

Universal tap water scheme a massive stimulus for the Indian economy

2021-02-04T09:28:11+00:00February 3rd, 2021|Analysis - India Global Business, India Inc Views - India Global Business|

The $40 billion allocated for providing water connections across the country will not only better health and hygiene standards and improve the ease of living for citizens, but it will also create huge demand for products such as steel, cement, sanitaryware and labour and help generate millions of jobs and provide a further fillip to India’s fast recovering growth engine.

RBI interventions to play crucial role in India’s economic recovery

2021-01-15T07:53:12+00:00January 15th, 2021|In Focus: Covid-19 impact, India Inc Views - India Global Business|

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.

India’s economy poised for recovery supported by vaccine rollout: Fitch

2021-01-12T04:13:27+00:00January 11th, 2021|News in Brief|

Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the shock from coronavirus pandemic but this represents a 1.1 percentage point improvement from its our previous forecast, reflecting a stronger-than-anticipated rebound in 3Q 2020.

India may become world’s 3rd largest economy within next decade

2021-01-05T12:59:17+00:00January 1st, 2021|Analysis - India Global Business, India Inc Views - India Global Business|

Though the Covid-19 pandemic will cost India two years of growth, the increased digitisation of the economy and the slew of reforms undertaken by the Modi government will ensure that it overtakes Germany and Japan and crosses the $5-trn GDP mark over the next 7-8 years.

Modi’s fiscal prudence to help Indian economy bounce back this year

2021-01-05T13:03:10+00:00January 1st, 2021|The Big Story - India Global Business|

Most major global agencies expect India to record steroid charged growth in 2021, albeit from a reduced base. The much-criticised measures by the government and the RBI to ensure that the country’s macro-economic indicators remain in good shape are now expected to pay rich dividends.