The reported growth figures, while seemingly promising, come with a caveat ~ a dash of scepticism. Behind the curtain of soaring numbers lies a labyrinth of methodology, where the calculation of GDP growth resembles more of an art than a science.
Inflation is expected to remain above the Reserve Bank of India's target level of 4 per cent over the forecast period due to strong economic activity, Majumdar said.
Markets will continue to focus on the earnings season and global cues in the upcoming week.
The decline in CAD reflects a strengthening of the macroeconomic fundamentals of the Indian economy.
Within global economies, America’s resilience shines brightly, defying the dire predictions of naysayers and sceptics. Against a backdrop of uncertainty and volatility, the US economy has emerged as a bastion of strength and vitality, demonstrating a remarkable ability to weather storms and navigate through turbulent waters.
The Union agriculture minister was speaking at the launch of Kisan Tak TV channel and website of the India Today Group.
Indian industry saw progressive liberalisation and removal of bottlenecks after 2014, beginning with increasing the cap in the defence sector, first from 26 per cent to 49 per cent under the approval route, and then to 74 per cent under the automatic route and 100 per cent under the approval route. All brownfield projects now allow 75 per cent FDI under the automatic route and 100 per cent by the approval route
The adverse factors affecting the US and European economies put our own economy at risk. To enumerate: the Indian economy faces the danger of capital outflow because of higher US interest rates. Then, we are importing inflation through higher cost of imported goods and because household incomes in the West are falling, our own exports are unlikely to rise in the short run, ruling out a quick solution to the CAD problem
India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in the April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data released by the Reserve Bank of India (RBI) on Thursday.
Muslim leaders feel that this rhetoric is peddling anti-Muslim sentiments in a climate when Muslims are already feeling alienated and marginalized.
