01 Jun 2018 In a press release issued on 26 May, the Confederation of Indian Industry (CII) had stated that the Indian economy has benefited from key structural reforms over the last few years and a higher growth rate can be expected. The GDP growth data brought out by Central…
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Challenges to growth
25 Apr 2017 While the GDP growth rate remains encouraging, the Indian economy suffers from declining investment, slow industrial growth, overcapacity and rising bank non-performing assets (NPAs). NPAs – Bank NPAs at 9.3% with public sector banks at 11% is a matter of high concern. NPAs are close to Rs…
Indian economic developments
25 Apr 2017 In the view of most analysts, India’s leading position in economic growth pace is likely to continue for the next two-three decades and the country could overtake the US to become the world’s second largest economy in purchasing power parity terms by 2050. India has several key…