Mumbai: Chief minister Devendra Fadnavis on Friday lauded prime minister Narendra Modi for pursuing the “Hindu growth model” that “encompasses speed, transparency and inclusivity” over the western model of “exploitation-based development”. India has reached new heights of economic development owing to the Hindu growth model and will show the path to the rest of the world in the coming years, …
Since January 24 when Hindenburg Research released a report alleging that the Adani Group had indulged in stock manipulation and other misdemeanours, much water has flowed under the bridge. Sure enough, the Adani Group has cut its growth estimates from 40% to 15-20% for the coming year, according to a Bloomberg report, which added that the group had also deferred …
The Monetary Policy Committee’s decision to leave interest rates unchanged and retain its “accommodative” policy stance, albeit with one member dissenting over the stance, shows a central bank frozen into inaction by the “Knightian” or unquantifiable uncertainty surrounding the pandemic-hit economy. Consumer Price Index-based inflation is seen peaking in the current, fourth fiscal quarter and averaging 5.7% after ‘moving close’ …
The story so far: The year 2020 upended India’s economy as much as it disrupted the rest of the world, along with all aspects of normal life, thanks to the novel coronavirus. But unlike most other peers, India’s economy had already been hurtling downhill before the pandemic hit, and a snap national lockdown announced in late March scuppered virtually all …
