The growth revival in fiscal 2019 would be consumption-led, with mild support from investments. A normal monsoon in 2018, benign interest rates, the return of pent-up demand and implementation of house rent allowance (HRA) revisions at the state government level would support growth, together with the government’s thrust on rural and infrastructure sectors.
The Reserve Bank of India’s (RBI), Monetary Policy Committee (MPC) left the policy rates unchanged at its review meeting on Wednesday. It maintained the repo rate at 6%, the reverse repo at 5.75%, and the marginal standing facility rate at 6.25%.
Looking back on Year 1 AD (After Demonetization), it is plain to see that it has brought significant disruptions into the overall economy – and particularly the real estate sector
A review of the economic performance in the first quarter of the fiscal presents a mixed picture. While on some counts such as foreign inflows, currency, forex reserves, industrial output, inflation the performance has been encouraging to positive, for many indicators such as borrowings and trade balances there has not been a noteworthy improvement so far.
The recently released GDP figures, which indicate some moderation in growth during FY2017, also shows that our growth rate continues to remain strong at around…
90% of the CFOs have expressed confidence in economy over midterm and long term. 60% have shown confidence in government programs and 45% are expecting that companies would increase their headcount
The corporate training market is expected to showcase a vibrant growth, with revenues to reach INR 32 billion by FY’2020. The market will continue to…