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Deepak Parekh Signals India Inc's Impatience, Says PM Modi Has Had 'Lucky 9 Months'

Also important bills like Insurance bill and others are yet to be passed by parliament( hopefully in Joint sessions) then these things will have a good effect on economy too though one have to wait for atleast 15 month before judging govt.

Let's give them 15 years then. Maybe after all the foreign trips and such he'll finally get some time on domestic issues.
 
It has transmission lines part too and all to do with power which enables industry, maybe you don't link it with business.. Anyways no use talking to one who just wants to latch onto one statement as if in living in vacuum and rant.

Yeah whitewashing machine in full force. One statement- RBI Governor has problem, industrialists have problems and this is just one statement.
 
Let's give them 15 years then. Maybe after all the foreign trips and such he'll finally get some time on domestic issues.
Well His foreign trips has given us one of the best result in our foreign policy. Previous UPA govt didnt only mess our relations with many countries but also messed big time with even neighbours. He is just trying to correct that and so far doing great.
 
15000 km transmission lines( highest in last 10 years), Coal import decreases by 21% as local supply improved, these are not small achievements. Will impact big on economy. Though there is a room for more improvements and hopefully It'll be done.
Mate there are these haters who will go to any length to discredit the good work being done, I guess we should not engage them like this. It wastes our time.
 
Modi changed the way of calculation which has once again proven that Man Mohan singh govt has maintained a growth rate of above 6%.

though pandits will disagree with me


Even MM was our PM and Congress was our government. Nice to read that Economy grew by 6% in worst time of india during last some time of MM.
 
As big developing economies stumble, India rides high on early success of PM Modi


By New York Times | 18 Feb, 2015

SRIPERUMBUDUR (India): China's economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession.

As other big developing markets stumble, India is emerging as one of the few hopes for global growth.

The stock market and rupee are surging. Multinational companies are looking to expand their Indian operations or start new ones. The growth in India's economy, long a laggard, just matched China's pace in recent months.

India is riding high on the early success of Prime Minister Narendra Modi and a raft of new business-friendly policies instituted in his first eight months.

Small factories no longer need to shut down every year for government inspectors to spend a day checking boilers. Foreign investment rules have been relaxed for insurers, military contractors and real estate companies. A broad tax overhaul is underway.

Renewed optimism from outside investors is spurring business expansion in cities around the country like Tiruppur, a hub of India's yarn and textile industry. "Most of the factories in Tiruppur are doubling or tripling their capacity, and these are huge factories," said Pritam Sanghai, the director of Arjay Apparel Industries.

Whether India's momentum is short-lived or sustainable hinges on whether Modi can push through deeper reforms, including addressing the persistent poverty and corruption that plague the economy. Lacking the necessary political support to overhaul legislation quickly, he has largely relied on temporary measures to make changes.

His party lost badly in recent local elections in Delhi. The next test comes later this month. The government is set to present its full-year budget to parliament and lay out an agenda for taming chronic deficits while increasing investment, bolstering manufacturing and building modern highways and ports.

India, in part, is benefiting from favorable economic winds, the same ones wreaking havoc in Russia, Venezuela and elsewhere.

The country's reliance on imported oil, for example, has been its bane for decades. By last summer, oil was a $100 billion drag on the economy, roughly 5 per cent of the entire country's economic output.

With crude prices now halved, fuel costs for trucks and cars have plunged, pulling down transport expenses and inflation. The cost of government fuel subsidies has nose-dived, helping curb the country's chronic budget deficits.

"We've got essentially a $50 billion gift for the economy," said Raghuram G. Rajan, the governor of the Reserve Bank of India.

India is also profiting from the troubles of other emerging markets.

China's investigations of multinationals, persistent tensions with neighboring countries and surging blue-collar wages have prompted many companies to start looking elsewhere for large labor forces.

Big companies like General Motors have recently moved their international or Asia headquarters from Shanghai to Singapore as they expand further into India and its main rival as an alternative to China, Indonesia.


As big developing economies stumble, India rides high on early success of PM Modi - The Economic Times


 
I'm sure Parikh is as impressed with this as you. Unlike you he is not some random internet former. he just happens to know more about this than any of you will. Or are you now going to say that this is some conspiracy by anti modi people/ parikh is too stupid etc.?

It would be better you argue on the points mentioned in the article about what the commerce ministry is trying to do rather than the usual bullshit you talk
 

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