BUSINESS
Household consumption report points to steady growth; gives pointer to reforms, getting workers off the farm key to economic growth
The overall trend reveals steady progress over the decade, countering narratives of economic distress attributed to immiseration on account of crony capitalism, a factor likely to bolster the government's position in the forthcoming elections.
BUSINESS
Electoral bonds verdict, RBI action on Paytm bank sign of robust institutions
India's attraction as a business destination owes much to its robust institutions, including an independent judiciary. This stands in sharp contrast to Hong Kong's diminishing appeal due to the erosion of its institutions under the influence of the Chinese Communist Party
BUSINESS
Opinion: Paytm Payments Bank throws up complex and unusual challenges for RBI
RBI’s willingness to act against Paytm Payments Bank, owned by a high-profile founder, speaks to its willingness to address instances of “persistent non-compliance.”
BUSINESS
Opinion: Tesla's directors are right to ignore Musk's 'lifestyle' issues
Directors and investors appear to be of the view that the so-called 'key man' risk is not having Musk in charge
BUSINESS
Opinion: Sitharaman's growth push finds a dependable ally in RBI
The Bharatiya Janata Party's strong political position in the run-up to the national elections will allow the Indian central bank to operate within a technocratic framework
BUDGET
A confident interim budget from a government in full command
The FM clearly felt no need to dole out sops as some had predicted. The emphasis on investment is prudent, with consumption currently constituting 61% of GDP and investment at slightly above 30%. To achieve 8-10% growth, investment should exceed 35%.
