EMerging Equity
INR
Fiscal Federalism In India
By Apoorv Tiwari The recommendations of the Fourteenth Finance Commission (FFC) have been hailed almost unanimously for ushering in a new era for centre-state relations in India. The most significant of these recommendations – accepted by the central government – is the one that devolves 42% of the divisible share in the centrally levied tax pool … Continue reading
“India About To Takeoff” As 2015-16 GDP Seen Between 8% to 8.5% – India’s 2015 Budget Recap
India is “about to takeoff” with economic growth seen around 8 to 8.5% in the fiscal year that is about to start in April, and as aiming for double-digit economic growth now seems feasible, according to India’s Finance Minister Arun Jaitley, Reuters reports. Jaitley, presenting the Indian government’s full-year budget on Saturday in Parliament, announced a budget that … Continue reading
India: A “Bright Spot” Among Asian Countries, S&P Says
India is the Asia-Pacific region’s “bright spot” during a time when other major Asian economies are likely to see sluggish growth, Standard & Poor’s (S&P) Ratings services says. S&P, bullish on India, has raised their forecasts for the growth of the nation’s gross domestic product (GDP) to 7.9% in the fiscal year ending March 2016, revised up from … Continue reading
India Is Now Fastest Growing Economy – Overtaking China – Following GDP Rebase
India has recently revised the way that it calculates its gross domestic product (GDP), and now – based on the new calculated data – the nation’s economic growth now surpasses the traditional Asian powerhouse of China. However, the revision has been met with some criticism from economists. Two weeks ago the Indian government changed its … Continue reading
Modi’s Plan For Reform Down To The NITI Gritty
By M. Govinda Rao The Planning Commission is dead: long live the National Institution for Transforming India (NITI). The role and remit of India’s new planning institution has been under debate ever since Prime Minister Narendra Modi in his Independence Day address announced the demise of the Planning Commission. In the Cabinet Resolution passed on 7 … Continue reading
India Laying Foundation For Even Faster Economic Growth, World Bank President Says
By The World Bank World Bank Group President Jim Yong Kim said India is pursuing reforms that could accelerate growth in its economy and this could more rapidly reduce poverty and spread prosperity to more people in the country who are marginalized and vulnerable. Speaking at the “Vibrant Gujarat” conference, Kim praised Prime Minister Narendra Modi and … Continue reading
India Can Become The Economic Driver Of The BRICS
By Arman Sidhu Global Political Insight Headlines concerning a slumping rouble in Russia, infrastructure issues in Johannesburg, and slow growth in both Brazil and China might not be the bearer of bad news for everyone. For India, such a time represents an opportunity in the face of global economic woes. It has not been a … Continue reading
A New India Is Rising
By Rajiv Kumar India had a landmark year in 2014. A new political, cultural and economic reality is emerging. The trend of political fragmentation that started with the general election in 1989 and saw a succession of coalition governments over the next 25 years has been decisively reversed. The Bharatiya Janata Party (BJP) swept to … Continue reading
Reforms To Put India On A Strong, Sustainable, Inclusive Growth Path: OECD
India’s economy is showing signs of a turnaround. New reforms, some of which are included in the package presented by Prime Minister Narendra Modi, need to be implemented in order to put the country on a path to strong, sustainable, and inclusive growth, according to the OECD’s latest Economic Survey of India that was released on … Continue reading
India Ready To Tackle A QE-Less Future
By Ashima Goyal India was one of the hardest hit of the emerging markets after the US Federal Reserve first hinted it would cut back its quantitative easing program in May 2013. There were three reasons for this. First, global markets over-reacted. Second, India had many macroeconomic weaknesses. Third, since its capital markets were deep … Continue reading
