Announcements almost every other day compel us to believe that India is now the fifth largest economy in the world; that India will be a $5 trillion economy very soon; that India will be the third largest economy of the world in 2027, and that India will become a developed nation in 2047.
As the Indian economy is expanding, more and more jobs are being created. There is, however, a difference of opinion over the pace and number of enabling economic opportunities being created across the country.
Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.
Japan's enduring economic challenges serve as both a cautionary tale and a beacon of resilience.
India finds itself at a crossroads, grappling with the dual challenge of sustaining growth momentum while addressing underlying structural constraints.
India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
India’s recent economic trajectory has been a roller coaster of highs and lows, marked by ambitious reforms and unexpected challenges.
Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper' on the Indian economy in the Lok Sabha which blamed the erstwhile UPA government for the ‘mountain of bad loans’ and ‘double-digit inflation’ in the period before the Narendra Modi-led government took charge.
Surprising many political voters, the community emerged as the most coveted bloc in the 2020 election with a record 71 per cent rate of voting among Asian Americans and ensuring President Joe Biden’s victory.
Fearing backlash from China, the Three Brotherhood Alliance (TBA), which controls the Shan state after expelling the military, has also pledged to act against these illicit industries.
