This, incidentally, is the worst recession for India since independence. The world economy is expected to contract by over 6 per cent. Our GDP has been sliding from 6.1 per cent in FY2018 to 4.2 per cent in FY2019 to -4.5 per cent in FY2020. In FY1992, we had the worst GDP growth ever at 1.4 […]
As the new government assumes power, there is quite an agenda it requires to address to put the economy on track. The pressure of elections has at least set the pace for delivery on the ground. Schemes announced and then monitored through PRAGATI and other mechanisms were planned to benefit all segments of society. Their […]
Union Minister Nitin Gadkari is a man in a hurry. Recently, he announced the Rs 1-trillion Mumbai-Delhi Expressway, which will connect India’s two most backward districts, Mewat (Haryana) and Dahod (Gujarat). With this, the travel time will reduce from the current 24 hours to 12 hours. The first tender for the project worth Rs 440 […]
Earlier in May, when I had asked Sajjan Jindal, chief of JSW – the group with the best appetite for capital investment – when the private sector would begin investing, he had replied that we were poised for an imminent renewal in sentiment for private investment. Recently, Ajay Piramal, head of Piramal Group and Shriram […]
Data suggests that demonetisation has hit the pace of announcement of new investment proposals during the quarter-ended December 2016 The Union Budget has set the tone for 2017 by accelerating the growth agenda. The allocation for infrastructure at Rs 3.96 lakh crore, over Rs 3.49 lakh crore last year, will fuel the sector. Of the […]
There is finally good news on the economic front. Projects commissioned in the country reached a record high of Rs 4.6 lakh crore in FY2016, according to CMIE. This is the highest-ever commissioning of projects in a year and represents a 12 per cent increase over Rs 4 lakh crore in FY2015. The stock of […]