Fragile Shield
For years, India’s economic story has rested on a comforting assumption: that strong domestic demand can insulate the country from global turmoil.
For years, India’s economic story has rested on a comforting assumption: that strong domestic demand can insulate the country from global turmoil.
A major healthcare facility is set to come up in the remote tribal belt of the Dharamjaigarh block in Raigarh district, where a 100-bed multi-speciality hospital will be established at Gawarghutori village to provide free medical services to economically weaker and tribal communities.
For nearly two decades, Indian politics has steadily moved towards a welfare consensus.
Maharashtra Chief Minister Devendra Fadnavis requested the Opposition not to mock Prime Minister Modi's austerity measures, suggested to save the economy in view of the ongoing crisis in West Asia on which India depends for its petroleum supply.
India has earned an endorsement from one of the world's top credit rating agencies, with Moody's Ratings placing the nation among the most resilient large emerging market economies over the past five years, which is a recognition that comes at a time when global financial markets remain on edge over trade tensions and geopolitical uncertainty.
In a major achievement, Uttar Pradesh’s economy has more than doubled, rising from Rs 12.88 lakh crore in 2017 to Rs 27.51 lakh crore today, all without raising taxes.
“Car purchases in India are largely limited to the top 12% of households with an annual income exceeding Rs12 lakh, while even small cars have become unaffordable for the remaining 88%."
India’s services sector, long the linchpin of its economic dynamism, is showing signs of moderation.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
In its Economic Outlook for Asia-Pacific (APAC), S&P said that despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
