View: India has made it to the launchpad. It still needs a spark

As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more

CEA Anantha Nageswaran exhorts private sector to begin investment

Private sector capital expenditure needs to make a comeback for rebalancing the Indian economy towards investment and manufacturing – from a consumption driven one – V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said Thursday.“Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of the private non-financial … Read more