The Reserve Bank of India's (RBI) commitment to taming inflation and lowering it closer to the 4% mark is creditable, but its optimism on growth is befuddling.
The RBI has had to pare its gross domestic product (GDP) growth forecast for FY25 by a good 60 basis points to 6.6% after the underwhelming 5.4% year-on-year (y-o-y) growth in Q2. The expected 7% rebound in the second half could be missed given that credit flows to the economy—especially consumer loans—have slowed sharply; consumption by middle-income households in urban India remains weak and a delayed rabi sowing could hurt the rural recovery. Also, to what extent government spending will pick up is not clear as tax collections are slowing. Even otherwise, the fiscal impulse in the FY25 Budget was not very strong to begin with.
この記事は Financial Express Mumbai の December 07, 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。
すでに購読者です ? サインイン
この記事は Financial Express Mumbai の December 07, 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。
すでに購読者です? サインイン
Why international stars are pulling out of Hockey India League en masse
IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.
Pushpa 2 hits ₹1,000-crore milestone at global BO
ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.
US hotels welcome Indian tourists with chai, samosa
US HOTELS AND travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.
EY case puts spotlight on white-collar labour laws
Decades-old laws largely focused on blue-collar workers
'India should stop playing footsie with everyone and say loudly that we are part of an open world'
A Tan Adda held in Mumbai, political analyst and CNN news host Fareed Zakaria spoke on what Trump's win means for the rest of the world, how his talk of increasing tariffs will play out, and why India is the most pro-American country in the world
Equirus Wealth crosses ₹10K cr in assets under management
Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).
MFs, pension funds must be active in corp bond market: Setty
STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.
Rupee gains 2p to settle at 84.83
THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.
Sebi notifies tighter insider trading rules
RISK OF UNJUST ACCUSATIONS RISES
Prioritising inclusion in social networking
@®Famm Connect acts as a LinkedIn for the LGBTQ+ community
