Never miss a story

Get subscribed to our newsletter

The Financial Express/wikipedia

The global economic slowdown.

Among developing markets/Asia, India's relative condition stands out. According to IMF data, India will be the fastest-growing Asian economy in real terms in 2022, and the only Asian country to expand in double digits nominally.

According to the paper, India's development momentum is partially stronger because it has taken a more open economy approach to Covid than China, which has taken a "zero Covid" policy.

Keep Reading Show less


Union Finance Minister Nirmala Sitharaman on Saturday hailed UP chief minister Yogi Adityanath for taking the state to the path of development,

Union Finance Minister Nirmala Sitharaman on Saturday hailed UP chief minister Yogi Adityanath for taking the state to the path of development, saying that Uttar Pradesh will soon emerge as a shining example for others in time to come.

Sitharaman was on a trip to Uttar Pradesh during which she asserted that in the last four to five years a series of world-class infrastructure projects such as Purvanchal Expressway, Bundelkhand Expressway, Gorakhpur and Ballia Link Expressway and now Ganga Expressway have been initiated in the state which will take the state on the road to a 'new' Uttar Pradesh.

"The thought behind the Prime Minister's Vocal for Local is clearly reflected in the One District One Product (ODOP) scheme here," she added.

Further referring to the Uttar Pradesh Defence Corridor, she said that the state, which was known for agriculture and MSME sectors, not only showed interest in undertaking such big and important projects, but has also been executing them successfully.

Terming it as a grand success, Sitharaman credited it to the 'visionary' duo of Prime Minister Narendra Modi and Chief Minister Yogi Adityanath.

The Finance Minister was giving her views in a meeting organised for Ganga Expressway at Indira Gandhi Pratishthan on Saturday.

Appreciating the Yogi government for giving 'meaningful' direction to the government policies, she said that the promptness and success with which the schemes of the central government have been implemented in the state is an example for others.

The meeting, chaired by Chief Minister Yogi Adityanath, was to find ways how to raise finances for the Ganga Expressway project.

In the meeting, Managing Director & CEO, Punjab National Bank, S.S. Mallikarjuna Rao handed over the Rs 5,100 crore loan sanction letter to the state government for the project.

The Chief Minister said that the Ganga Expressway, which will be built from Meerut to Prayagraj, would be the backbone of the Uttar Pradesh economy.

Yogi said that the Finance Minister, in her Union Budget 2021-22 speech, had articulated the broad concept of National Infrastructure Pipeline and National Monetisation Pipeline, emphasising on the development of necessary infrastructure for coordinated development in different parts of the country.

"In order to mobilize the required financial resources for the infrastructure projects, the Union Finance Minister had suggested the method of monetization. Taking the concept forward, the Uttar Pradesh government has finalised the process of securitisation based loans from banks as a part of raising finances for Ganga Expressway," the Chief Minister noted.

State Finance Minister Suresh Khanna said that the state government has added many new dimensions in the field of all-round industrial development of the state in the last four years.

Keep Reading Show less
An initiative to grow Indian economy. Unsplash

Think Change Forum, an independent think tank dedicated to seeking solutions for navigating the post-pandemic world, today announced a new initiative aimed at bringing together some of the most reputed thinkers for developing new ideas to reboot the Indian economy.

Called, ‘Ideas for Rebooting Indian Economy in the Post Pandemic World’, this initiative aims at holistically looking at select areas of the economy which can create a lighthouse effect and accelerate the pace of growth for the country.

Keep Reading Show less
Digital technology. Pixabay

The VUCA — Volatile, Uncertain, Complex, Ambiguous — world we live in has become an all-pervasive mega-trend, dramatically changing the lives of individuals, business models of enterprises, and the Indian economy. It requires unlearning the old rules and learning the new or losing unrecoverable ground, says Nitin Seth, an accomplished industry leader with a unique combination of experiences as a global manager, entrepreneur, and management consultant, who has distilled his experiences into a framework of seven building blocks necessary for successful digital transformation.

Most enterprises have embarked on some variation of digital transformation but their impact often falls short of expectations by 70 percent as “the core issue is that enterprises have not recognized how many business fundamentals have changed in the Digital Age and continue to take their existing business models, infrastructure, and approaches and apply it to digital age problems and opportunities”, Seth writes in the seminal book, “Winning in the Digital Age” (Penguin Enterprise).

Keep reading... Show less