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.
India’s central bank has kept borrowing costs steady while signalling caution on global risks, even as domestic demand and services activity continue to support economic momentum.
Markets struggled to hold gains as global tensions and oil prices weighed on sentiment, while investors tracked FII selling trends and upcoming RBI policy signals for direction.
Pakistan has drawn up a tight repayment schedule to return $3.5 billion to the UAE this month, even as rising outflows and weaker exports add pressure on its economy.
Government cuts fuel duty and reassures steady supply as global oil prices spike, while firmly rejecting speculation about lockdown and urging people to avoid panic.
The report suggested that to achieve the Viksit Bharat goal by 2047, India may need to significantly increase its tax-to-GDP ratio, primarily through improved tax compliance, as major tax reforms have already been undertaken.
