BENGALURU: Economist and former deputy chairman of Planning Commission Montek Singh Ahluwalia has said that it would take a few years for India to try to get to 8% growth and a structural transformation of its economy needs to be brought about to achieve that. Speaking at a session, ‘Resilient Pathways: Charting India’s Economic Growth Amid Global Challenges’, he said …
The government will support high-quality private enterprises to take leading roles in helping structural transformation, issuing debt bonds to ease funding pressure. Firms with good credit record to take leading roles in structural transformation Private companies facing short-term financing woes are expected to receive more financial and policy support in corporate debt issuance to overcome difficulties, with more detailed guidelines …
CAI MENG/CHINA DAILY For more than a year, headlines worldwide have been pointing to a Chinese economic slowdown. According to China's National Bureau of Statistics, the resource-rich province of Shanxi in North China has suffered an economic slowdown, but Southwest China's Chongqing municipality and Guizhou province have experienced vibrant growth. After the 2008 financial crisis, when slower growth became the …