An article by RBI staff published in the August bulletin projects a significant pick-up in private investments in 2024-25 backed by rising demand and cleaner books of companies, banks. Will banks benefit from this growth?
The veteran banker said concentration of business power can give results in the short run but poses a risk in the long run.
Arbitration claims worth Rs 70,000 crore from PSUs and public institutions seen over past two years, according to a Yes Bank report released Tuesday.
Noting that sluggish private investments were a continuing blowback from before the time he took office of the Prime Minister, Narendra Modi, in an exclusive interview to Network18, said that India's economy has seen off the worst and that the government didn't want to take shortcuts to give it an artificial sugar rush.
Private investments are still a long way from being desirable. Only a recovery in demand will incentivise the private players to come forward and put down money, says Naushad Forbes, the newly appointed president of Confederation of Indian Industry.
Hartmut Issel, Head of Equity & Credit- Asia Pacific, UBS, believes there isn‘t enough data for the US Federal Reserve to hike rates in June.
Citing absence of pick-up in private investments, credit-rating agency Icra on Tuesday revised downwards its forecast for the country's GDP growth to 5.4 percent in the current fiscal, from 5.7 percent projected earlier.