The news on the Indian economy has gotten better. As it inched past France to become the sixth largest economy in the world with a GDP of $2.59 trillion, the country’s growth numbers for fiscal 2018 seem to be within reach at 7.3 per cent, and then onwards to a tough 7.6 per cent in […]
Have you noticed that the size of project execution has grown manifold? New projects worth Rs 1.95 trillion were announced in the January to March quarter, up from Rs 1.20 trillion in the previous quarter. The capacity of companies in delivering larger projects has expanded. Earlier, we would rarely discuss a few mega projects concurrently […]
NITI Aayog is finally fixing the loose ends with the construction matrix to allow the multiplier effect to breathe its magical effect across the economy. It is putting together a policy to remove hurdles for projects where contractors are locked in arbitration with government agencies so that 75 per cent of the funds would be […]
The global gloom turned into panic as the Chinese stock markets tumbled 8.5 per cent on August 24, paving way for speculation that China has lost its stem and is heading for a major slowdown. Its manufacturing index is at a 77-month low and its auto, cement and steel industry growth has turned negative. The […]