India should champion a New Delhi Accord, like the Montreal Protocol, to ensure that developed nations are held accountable for their disproportionate share of carbon emissions.
Rural consumption is poised to revive, supported by expanding organised retail, better infrastructure, rising household incomes, and government schemes.
"It is impossible to predict markets but foundation has been laid for strong corporate profitability"
Debt will be the favoured asset class this year, but this will be an opportune time to accrue equities as well.
For investment flows, savings and lower real rates are required. Budget should provide incentives for financial savings and lay a road map for fiscal consolidation to lower rates.
Growth will be driven by investments. It will require legislative changes as well as administrative reforms. Investment requires public push as private sector is a bit leveraged or waiting to buy ...
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