Tag: India

[ad_1] India’s rate setters wanted to stay cautious as volatile food prices lent uncertainty to the overall inflation trajectory and did not want to confuse investors by changing policy stance just yet, the minutes of the monetary policy meeting showed Friday. The Reserve Bank of India’s six-member monetary policy committee unanimously voted to pause for the fifth straight review and retained the stance on “withdrawal of accommodation,” indicating rates may remain higher for longer. [ad_2] Source link

[ad_1] Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. India’s parliament is planning to push through some crucial bills, including proposed changes to overhaul the criminal justice system, despite a record number of opposition members still suspended. [ad_2] Source link

[ad_1] Raghuram Rajan, former Governor of the Reserve Bank of India, has claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6% per annually without any population growth. Speaking at an event in Hyderabad, the former RBI governor said that if the nation does not grow fast economically, it will grow older demographically before it gets richer. The famous economist hinted towards the burden of an ageing population to deal with at that point. “If you do the math, ... Read more