'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'
From what the upcoming GST Council meet should focus on to how Trump's response to the protests helped it spread beyond its borders, here's a selection of Business Standard Opinion pieces for the day.
Rising farm income to aid firms having a bigger share of revenues from the rural sector
Congress wants lockdown lifted across country on May 18, save hotspots; Gandhi urges Centre to make citizens 'psychologically' prepared to for lockdown exit
China will reduce import tariffs on consumer goods and encourage regions that have car plate quota restrictions to increase quota
It said a rate cut is unlikely to work in isolation as bank transmission of RBI's rate cut has been slow
The first of a two-part series looks at how people in the poll-bound state of Bihar are cutting back on consumption expenditure
The Good Day biscuit maker is hoping to take the croissant offers, which it is currently fine-tuning, pan-Indian by May-June this year and salted snacks in the next six months
In collaborative systems, the role of the users may switch between ''consumers'' and ''producers''
The key to boosting growth lies in boosting investments, not consumption
There is pressure on policy makers for further fiscal and monetary support to the economy. However, focusing primarily on these would be a mistake on several counts
Govt had said a committee of experts was formed and several 'concerns' related to the survey report was flagged to it
Higher productivity means you produce the same amount with less inputs. Does the reduced consumption of some things - say, energy - increase or reduce GDP?
Fund managers say PSUs look attractive as valuations are cheap and possibility of strategic sales offers room for value unlocking
Kirana stores hold the key to retail and ecommerce growth in India
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers
The consumption cycle appears poised for a turnaround. Three elements have to come together to see concerted growth in this segment. These are timing, income and finance. Timing is important because there typically are seasonal variations in the spending cycles of households, which coincide with the harvest (October-November and April-May) for farm-related households, bonus/incentive payments in the organised sector (April-June) and festivals (September-December) for all households. Second, income is evidently required because households spend when income increases by more than food inflation, as normally non-food spending is based on what gets left over after spending on food. Third, when one spends on consumer durable goods or automobiles, access to finance is even more critical.At present, all these three elements point in the same direction. A good harvest will ensure spending is on track and would be of the order of an incremental Rs 15,000-20,000 crore. Payouts from the pay comm
The boom in retail spending is a bright spot
He said today the economy is already witnessing a trend similar to that of 1998-02 in terms of private capex weakness, with the only two factors that are different in the present cycle -- strong public capex and higher FDI inflows