India retains the tag of the fastest growing major economy. Kotak AMC MD Nilesh Shah puts it aptly. In 2014, India was the 10th largest economy. “In 2018, we will be the fifth largest economy in US dollar terms. In four years, we have moved five ranks,” Shah said.
It’s all about jobs!
The jury is out. The latest payroll data released by the EPFO and the National Pension System (NPS) show that around 22 lakh jobs have been created in the country in the last six months (up to February 2018). But not many are impressed, who say it remains a challenge and will get more pronounced in the run-up to the 2019 general elections.
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Farm cup of woes
Doubling farm income by 2022 remains the key poll plank for the Modi government. But agrarian distress and frequent loan defaults continue to dog the administration.
Going full throttle
Insolvency and Bankruptcy Code, RERA, GST, Jan Dhan, 100 per cent rural electrification, simpler tax filing… the government’s scorecard has all this and much more. ” But issues of income and more importantly, income growth remain,” said BofMAL in a note.
Black and white
Demonetisation, the Benami Act, changes in DTAA agreements and increased scrutiny of Swiss accounts are proof of the government’s intent. “In these four years, the 125 crore Indian have come to believe that our India can change. Today the nation is going from ‘Kala Dhan to ‘Jan Dhan’, from bad governance to good governance,” the Prime Minister said in a recent public rally.