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.
With elections to the European Parliament scheduled from June 6 to 9, the continent stands at a critical juncture.
The better outlook is fueled by lower inflation, robust exports, and increased foreign investments, Hamid Rashid, the chief of the UN’s Global Economic Monitoring Branch, said on Thursday.
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.
