India plans new law to protect foreign investment: Sources
Wednesday, January 15, 2020, 5:17 PM
India is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, said the source. In a 40-page initial draft, India's finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government, one of the sources said.
'Modi govt's USD 5-trillion GDP target by 2024 looks unimaginably ambitious'
Sunday, January 12, 2020, 4:57 PM
India would need to grow at 9 per cent to achieve the target of USD 5 trillion economy by 2024, which currently looks "unimaginably ambitious", eminent economist R Nagaraj said on Sunday. Soon after assuming office for the second term in May 2019, the Narendra Modi-led government set a target of taking the economy to USD 5 trillion over the next five years.
Reforms, fiscal prudence among top domestic macroeconomic themes to follow in 2020
Tuesday, December 31, 2019, 8:14 PM
The year 2019 saw the domestic economy stutter and stall. To put it in the words of former RBI governor Dr Raghuram Rajan, we are in the middle of a "Growth Recession". Household, corporate, bank and government balance sheets are all stressed at the same time. Private consumption has slowed, private CAPEX is virtually non-existent and exports have failed to pick up.