High-frequency indicators and India Inc’s corporate performance for the last quarter of the fiscal had already indicated a quasi-slowdown and all analysts did chalk out their projection on similar lines. The recent release from the Central Statistics Office (CSO) corroborates the inevitable slowdown but the panic buttons need not be pressed as yet.
With a clear mandate for the government and cordial relationship between the Finance Ministry and the central bank, a mix of both monetary and fiscal policy could propel economic growth higher in the short to medium term. However, the long-term objective certainly calls for structural changes in the economy, especially in the agriculture and manufacturing sectors.
https://thewire.in/economy/india-needs-structural-changes-to-maintain-fastest-growing-economy-tag-in-the-long-term
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High-frequency indicators and India Inc’s corporate performance for the last quarter of the fiscal had already indicated a quasi-slowdown and all analysts did chalk out their projection on similar lines. The recent release from the Central Statistics Office (CSO) corroborates the inevitable slowdown but the panic buttons need not be pressed as yet. With a clear mandate for the government and cordial relationship between the Finance Ministry and the central bank, a mix of both monetary and fiscal policy could propel economic growth higher in the short to medium term. However, the long-term objective certainly calls for structural changes in the economy, especially in the agriculture and manufacturing sectors. https://thewire.in/economy/india-needs-structural-changes-to-maintain-fastest-growing-economy-tag-in-the-long-term