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        Society for Policy Studies
 
 

 
Economy and Business

No large country can become rich without manufacturing the goods that are consumed or demanded by its people. Most services — especially the basic, low technology and low value-added services — will anyway be produced within the country.

 

Strong and credible institutions aid a country’s growth. In pursuit of this goal, the law governing Reserve Bank of India was amended last year to introduce a framework to squarely target inflation.

 

The Reserve Bank of India (RBI) will announce its decision on Wednesday, after its Monetary Policy Committee (MPC) concludes its two-day meeting. The US Federal Reserve will announce its decision exactly a week later, after the Federal Open Markets Committee concludes its two-day deliberations. Both will be keenly watched.

 

India’s economy, or gross domestic product, grew a disappointing 6.1% in the January-March quarter of 2016-17. This growth rate however was not surprising.

 

Shock therapy can work, even in India, but not without leaving some burn marks. The World Bank’s latest India Development Update attempts to make another assessment of the impact of the Narendra Modi government’s demonetisation experiment.

 

 

Finance minister Arun Jaitley has made a lucid and compelling case for why the government should divest stake in Air India.

 

India’s large information technology (IT)services companies could fire around 56,000 employees this year, Mint reported in early May . That’s double the number they usually fire, the report added.

 

Einstein said that if you judge a fish by its ability to climb a tree, it will live its life believing it is stupid.

 

Last week the environment ministry introduced rules to regulate cattle trade which will effectively kill the buffalo meat industry.

 

As he completes three years as India’s Prime Minister, one thing that Narendra Modi has successfully put on the nation’s agenda is the elimination of the black economy through his controversial November 8, 2016, demonetisation drive.

 


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Review
 
 
 
 
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