Economic reforms News

FPIs withdrew Rs 25,586 crore in May on poll jitters and over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. 

In a report titled "Asia Economics: The Viewpoint: Addressing the Pushback to Our Constructive View", authored by Chetan Ahya, Derrick Y Kam, Qiusha Peng, and Jonathan Cheung, Morgan Stanley said India enjoys tailwinds -- both cyclical and structurally.

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In the first 100 days of Indian Prime Minister Narendra Modi's second term, a slew of 'big-bang' economic reforms that should please foreign investors are likely to be pursued, according to a top official at the government's main think tank. Watch this video to know more.

China's President on Sunday pledged to continue domestic economic reforms.

He also claimed that the people's support for the saffron party would be the same in the upcoming Gujarat Assembly polls.

Chief Economic Adviser Arvind Subramanian said that the government will do what it has to do on domestic front, jobs growth and investment revival.

Finance Minister Arun Jaitley also said that India has become one of the most open and globally integrated economies at a time when other economies are turning protectionist.

The policy should be a judicious mix of both high rate of economic growth and a strong focus on containing economic inequalities, said Singh, considered the architect of the economic liberalisation measures unleashed in 1991.

According to the global financial services major, the trend line in India's annual GDP growth has been accelerating to 6.9 percent in 2000s, from 5.8 per cent in the 1990s, and this momentum is likely to continue in the next decade as well.

It said Prime Minister Narendra Modi, in his Independence Day speech from the ramparts of the Red Fort, has "outlined a vision of a secure, prosperous and capable nation by 2022".

The government has initiated a lot of big ticket and systemic reforms in the last three years and will continue efforts to consolidate the gains as also take up more economic measures in the remaining two years, Union Minister Nirmala Sitharaman has said.

Finance Minister Arun Jaitley on Tuesday said the whole debate over the political cost of economic reforms has dissipated with the benefits reaching the deprived sections of society.

Finance Minister Arun Jaitley on Saturday said that recent election outcomes supporting ruling Bharatiya Janata Party (BJP) are a clear indication that there is popular support for economic reforms in India.

Foreign investors pumped in a record Rs 57,000 crore in Indian capital markets in March, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies".

Economic reforms will continue to gain momentum in coming years as the country looks to push growth and attract investment in the infrastructure sector, Finance Minister Arun Jaitley said on Friday.

With the GDP growing by 7 percent in the third quarter, India Inc said the economy is getting back on track yet reforms are needed to revive investments and push demand hit by note ban.

After calling for special relief measures for poor hit by demonetisation, industrialist Ratan Tata on Saturday termed the move as one of the three most important economic reforms that will help fight black money.