Mumbai, July 17 (IANS) RBI Governor Sanjay Malhotra said on Friday that India’s fundamentals remain strong, with a decent pace of economic expansion despite geopolitical uncertainties triggered by the West Asia crisis.In an exclusive interview to Doordarshan, the RBI governor also admitted that the ongoing geopolitical tensions in West Asia and a potentially weak monsoon pose key risks to India’s economy.Malhotra defended the performance of the rupee in the backdrop of a strengthening US dol…
Latest Services Exports News & Updates
New Delhi, July 15 (IANS) With the introduction of the Index of Services Production (ISP), India is advancing its statistical system with global standards, as services sector has become a key driver of economic growth and employment generation and the government aims to position the country as a world leader in services, targeting a 10 per cent share in global services by 2047.According to an official factsheet, the ISP is India’s first high-frequency indicator dedicated to measuring services se…
New Delhi/Bengaluru, June 11 (IANS) Karnataka Chief Minister D.K. Shivakumar on Thursday highlighted the state’s contribution to India’s growth story and called for greater support from the Union Government to strengthen infrastructure, human development and innovation, while addressing the NITI Aayog Governing Council meeting. Speaking on the theme of “Inclusive Human Development”, the Chief Minister said Karnataka’s development model is based on investments in human capabilities, social equi…