In FY19, the GDP grew 6.8 per cent as against 7.2 per cent
in FY18. Through an online platform called PRAGATI (Pro-Active Governance And
Timely Implementation), the prime minister himself reviews key infrastructure
projects and the hurdles they are facing every month. Foreign direct investment
is coming into the country and soon private investments will also pick up. Combined
with weak sentiment in the capital markets, a shallow domestic bond market, and
the currency risk of international borrowing, many Indian businesses will be
starved of capital for growth. This mess cannot be fixed by tweaking fiscal and
monetary policy.
Dharmo Rakshati Rakshitah | धर्मो रक्षति रक्षितः | Dharma protects the protector. +INDIA ACCELERATING+ (aka अग्रसर भारत) is a public interest blog on India's strategic governance, economy, and security. The blog is diagnostic and prescriptive and suggests remedial measures with predictive insights.
Showing posts with label impediments to progress. Show all posts
Showing posts with label impediments to progress. Show all posts
Sunday, June 02, 2019
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A ROADMAP FOR INDIA: 2020 AD – 2050 AD
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