"In fact, China has already overtaken the US to become the world's largest economy in PPP terms, while India currently stands in third place and is projected to overtake the US by 2040 in PPP terms," PwC said.
The Modi-government still seems to be obsessed with the GDP figures while focus on actual job creation remains weak beyond rhetoric.
Unlike payments bank, small finance banks will start off well because they have their business in place, said Samit Ghosh, MD and CEO, Ujjivan Small Finance Bank
This solid, workmanlike Budget had few new promises and showed the determination to deliver old promises.
The real push needed is in rural spending through government investment. Has the Budget 2017-18 actually helped this cause?
They have produced a budget that is better than business as usual
This means the overall tax rate will come down for those who have income up to Rs 5 lakhs.In fact even those who have income above Rs5 lakhs will benefit slightly.
During his speech, Jaitley said the government will take care of the additional capital requirements of these banks, but past experience have shown such assurances have hardly materialized.
If you happen to view the Union Budget 2017 from the bottom of the pyramid, you will see that it only perpetuates the existing imbalance
It may be safe to assume that immediate 1-2 percent GDP gains will likely not accrue starting FY16 (when it is being targeted for rollout)
Jagran Prakashan, which owns one of the country's most-widely read newspaper (Dainik Jagran), today announced it would buy Music Broadcast Pvt Ltd (MBPL), which runs the popular Radio City FM channel.
Amid such an economic environment globally, it is difficult to imagine how risk assets such as stocks can thrive.
A cursory glance at some of his statements leads one to wonder if the transport (and also shipping) minister is making promises he may find difficult to live up to
The currency had sunk to a lifetime low of 68 to the US dollar, when it was trading at 54 five months back. The new RBI chief had then waded straight into the battle: bringing about several financial reforms right off the bat as well as taking innovative steps to attract US dollars from abroad.<br />
While Jaitley may have likely sorted out the CST compensation issue and got a step closer to its implementation, there still are issues that need to be solved
Lower commodity prices would be a net positive for the INR via expected improvements in the trade and fiscal accounts
It is a bit worrying when India Inc is getting concerned about the Modi government's "lack of boldness" in pushing through economic reforms
In October this year, the Narendra Modi-led government announced it had deregulated prices of diesel, India's largest selling automotive fuel.
The GST, which subsumes most local, state and central taxes and duties into itself, has traversed through a tricky maze.
As the date for the Supreme Court's decision in the coal allocation case draws near, Power Minister Piyush Goyal said the government will not interfere with court's decision, but made it clear that they are not making a case for exemption for any player.
The RBI's restructuring involving clustering its 21 departments into five groups was an idea suggested by the central bank's middle management comprising Chief General Managers (CGMs) and Regional Managers (RMs).<br />
The RBI's restructuring involving clustering its 21 departments into five groups was an idea suggested by the central bank's middle management comprising Chief General Managers (CGMs) and Regional Managers (RMs).<br />
Jefferies estimates the amount of black money in the country at 20-30 percent of GDP, or roughly between $300-500 billion
CLSA expects agriculture production to be hit, but said overall non-agriculture GDP growth would be less affected unless there was a severe drought.<br />
In the long run, lack of investment in health and education will have a staggering impact on the economy
The budget for this crucial wage employment programme MGNREGA did not receive any impressive allocation in the current budget (only Rs 500 crore) compared to the allocation for 2016-17 (RE), i.e. Rs 47,500 core.
The budget can be said to hide more than it reveals. It is framed assuming business as usual – something that is not true post November 2016. This is a fatal mistake.
Avoiding populist measures and focusing on investment activities that have a multiplier effect, the FM has tried to garner additional resources through higher tax compliance, rather than higher tax rates.
When there are a number of gaping flaws in the sector which reappear periodically, it may be a bit too soon for the Government to take a back seat