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.
I ndia has chosen an unusual weapon to counter an external economic assault: cheaper goods for its own citizens.
Business leaders have lauded the Centre’s approval of a simplified Goods and Services Tax (GST) structure, calling it a transformative step for India’s economy.
State-owned Manganese Ore (India) Limited (MOIL) achieved its highest-ever August production of 1.45 lakh tonnes, registering an impressive 17 per cent growth over the corresponding period last year.
In effect, central banks affect market sentiment by expanding their balance sheets (technically called quantitative easing), since buying long-term bonds lowers their yields, whilst increased liquidity lowers short-term rates, thus changing the whole interest rate curve.
India's export economy is facing its most severe disruption in decades. The sudden imposition of steep tariffs by the United States ~ 50 per cent on a wide range of Indian goods, with additional penalties linked to oil and defence imports ~ has left factories silent, inventories unsold, and millions of livelihoods hanging in the balance.
