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"We cannot be growing at 7.5 per cent and then you say that jobs are not growing, investments are not growing at a satisfactory pace."
The rupee’s function as a medium of exchange came to a standstill.
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"In India, growth is projected to rebound to 7.2% in FY 2017-18."
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Unemployed youth are wasted human resources and fuel for social unrest. The governments of developing as well as developed countries are realizing that the creation of more jobs may be their job #1. A survey of Indian citizens' views of the performance of Prime Minister Modi's government reveals they are most dissatisfied with its inability to produce more jobs. They want the government to make the creation of more jobs its highest priority now on.
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I am confident that the right fiscal action, coupled with the turnaround in the global economy, will boost India's economic and industrial growth to the next level, and make 2016 India's year. Here are 10 recommendations that could be instrumental in this regard.
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WASHINGTON -- India is projected to grow by a robust 7.8 per cent this year and 7.9 per cent in the next two years, the World Bank forecast today citing strong investor sentiment and the positive effe...
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The principal questions foreign investors would ask me until recently were about the health of the Indian economy. Now another question is being asked too: what is happening to India's social fabric? Astute investors know that the condition of a country's society can have salient effects on its economic progress. The concern of Indian citizens is even deeper. For them, "development" does not have only an economic dimension. They fear that the tearing of the nation's social fabric is a price not worth paying for faster growth of GDP.
WASHINGTON -- Noting that a new aspirational India expects early results and decisive governance, Finance Minister Arun Jaitley has exuded confidence that with the government pursuing economic reforms...
India's GDP is likely to grow at 6.4 per cent rate on the back of a pick-up in investment cycle in 2015, according to a report by Dun & Bradstreet. "With the new government at the Centre and its effor...