A Creditable 1st Innings as PM, a Tougher 2nd Term
Financial Express Bengaluru|December 28, 2024
Economic growth in the first United Progressive Alliance (UPA), headed by Dr Manmohan Singh, averaged 8.4% between 2004-04 and 2008-09, and then the financial crisis hit. Three stimulus measures in response to the crisis supported growth for the first two years of UPA-II, but then it came down sharply. The sovereign debt crisis in Europe in 2011 further created macroeconomic imbalances.
Mukesh Jagota

The growth in UPA-I was supported by a positive global environment. Private corporate investment more than doubled to 14.3% of the GDP in 2007-08, from 6% in 2003-04. After the financial crisis, this figure dipped again. The high growth brought down the fiscal deficit to 2.5% of the GDP from 4.3% in 2003-04.

この記事は Financial Express Bengaluru の December 28, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Bengaluru の December 28, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS BENGALURUのその他の記事すべて表示
Financial Express Bengaluru

Top IITs See a Drop in Campus Placements

● More students likely getting jobs independently

time-read
2 分  |
January 07, 2025
Financial Express Bengaluru

Top IITs see a drop in campus placements

• More students likely getting jobs independently

time-read
2 分  |
January 07, 2025
Financial Express Bengaluru

US set to lift curbs on Indian nuclear entities

EYEING DEEPER ENERGY TIES

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

ICC explores two-tier Test cricket system

ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

Centre eyes private capital for $107-bn grid expansion

INDIA IS ASKING states to attract more private capital to accelerate the expansion of its power transmission network, part of a plan to revamp the country's grid and accommodate more clean power.

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

Dam over Brahmaputra not to impact water flows to India

CHINA ON MONDAY reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh.

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

D-Street catches flu

Headwinds for markets at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.

time-read
3 分  |
January 07, 2025
Financial Express Bengaluru

D-Street catches flu

HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

Q-comm boost to gig worker hiring in 2025

THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.

time-read
1 min  |
January 07, 2025
Financial Express Bengaluru

Banks, NBFCs See Hit to...

THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.

time-read
1 min  |
January 07, 2025