All major engines of economic growth - private investment, private
consumption, exports, agriculture and even government expenditure - have
either failed to pick up momentum or slowed down.
The Asian Development Bank event will analyse supply-side policies that
can promote access to finance by SMEs and generally foster higher SME
productivity and growth.
Capital expenditure clearly indicates a slowdown. Both intentions to invest and projects completed show a sharply deteriorating economy. Here are the detailed numbers.
Business sentiment hits a new low on rising concerns over economic slowdown and GST, finds the latest Business Today-C fore Business Confidence Survey.
The Indian economy is being buffeted by a series of crises. Economic growth has slowed down considerably. This has led to lower private investment, fewer new jobs being created and a slowdown in export growth. As if all these are not enough, even agriculture seems to have hit a trough. Much of the slump in GDP growth during the first quarter of the current fiscal to 5.7 per cent has been attributed to the impact of demonetisation last year, followed by the introduction of the Goods & Services Tax or GST this year. To understand where the economy is headed and possible future policy direction, Business Today's Rajeev Dubey posed questions to former Finance Minister P. Chidambaram and Niti Aayog Vice Chairman Rajiv Kumar. Here are their vastly diverse views on a range of issues.
Rajnish Kumar, the new chairman of the State Bank of India, in a letter,
urged employees of the company "to maintain the highest standards of
ethics", to keep in touch with the latest technology and provide
courteous service to customers.
Shravan Subramanyam, Managing Director of Roche Diagnostics India, tells Joe C. Mathew about the business prospects offered by India's new National Health Policy
Ashish Mehrotra, Managing Director and Chief Executive Officer, Max Bupa Health Insurance, talks to Teena Jain Kaushal and Priyadarshini Maji about rising premium rates and factors that are driving the growth of the health insurance industry in India.