Page 4 - Economic Reforms

Economic reforms to drive India sovereign rating, says K V Kamath

Veteran banker K V Kamath on Wednesday expressed optimism that India's sovereign rating would go up on the back of efforts being taken by the government to push economic reforms. Participating in a virtual event organised by India International Centre (IIC), Kamath, former chief of Shanghai-based New Development Bank, further said that he does not think rating agencies can hold India's rating "where it is". "With all the efforts (economic reforms) the government of India is making, I think that sovereign rating itself would go up. Because, I don't think rating agencies can hold India's rating where it is," Kamath said. The Economic Survey had expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. Global ratings agencies have the lowest investment-grade rating on India, which is just above the junk status. In June 2020, Fitch Ratings revised India's outlook to 'negative' from 'stable' .

Prem Watsa says India reforms, tech push give it a unique place post Covid

Indian-born Canadian billionnaire adds political stability, rising consumer demand represent a welcome signal to global investors

Best of BS Opinion: A change in direction, healing a weak regulator & more

Here's a selection of Business Standard opinion pieces for the day

A change in direction

After years of disappointing growth, the economy and the markets are poised for a breakout

A different Modi: The PM is no longer shy of showing his real hand

A faltering economy may have led to a re-think on economic strategy. And Mr Modi might think he is politically strong enough to take some risks. But there could be a minefield ahead, writes T N Ninan

Defending the pvt sector

Govt must strengthen the overall regulatory framework

A pro-growth turn in government policy

The growth impact of PLI schemes could start showing up in FY22

A post-contraction Budget with a difference

Those who were expecting a stimulus package through higher revenue expenditure in the Budget will surely be deeply disappointed

Best of BS Opinion: A BJP Budget, a driver of economic revival, and more

Here's a selection of Business Standard opinion pieces for the day

Shekhar Gupta: Finally, a BJP Budget

The ones so far were all Congress+ to Congress+++

Reform within status quo

The finance minister has worked hard to present a Budget that has boosted sentiment

Statsguru: Economic Survey sets the tone for most awaited Union Budget

The Survey batted for a bold fiscal expansion to make the economic recovery more broad-based

Why can't states opposed to farm laws be allowed to accept them later?

If eight states could join the VAT system after the rollout date, why can't the same apply to states opposed to farm laws?

Budget with a long-term view

Govt can approach the Budget 2021 with an aim to rebuild the economy to attain the long-term objective of sustained higher growth

Labour codes: Reform 2.0

Economic reforms require expending political capital by the governments, as the benefits of reforms are spread thin and become apparent only with a time lag

Oxfam urges radical economic rejig in post-COVID era, warns inequality rise

Oxfam said the richest 1,000 people have already managed to recoup the losses they recorded in the early days of the pandemic because of the bounce back in stock markets

Agri market reforms ignore reality

A free market-based system does not reflect the diversity of the Indian agro-economy or the interests of small farmers

A Budget after contraction

Past Budgets presented after a GDP decline had no exciting proposals

The long-term growth opportunity 2021 presents

The digital super cycle will encompass progress in all areas and will accelerate further on advancements in machine learning and artificial intelligence

How much better can FY22 be?

FY22 was once projected to be 13 per cent higher than FY20. Can six months of lockdown bring growth down to 1 per cent?