India expected to get into a high growth trajectory in the medium term
Political mandate for economic development
Improvement in domestic indicators such as inflation and fiscal deficit resulting in a stable growth environment
Favorable external environment - low current account deficits and high foreign reserves and growing FDI.
Lower oil prices, an easing of domestic monetary policy aided by lower inflation, and likelihood of a normal monsoon will drive near-term growth
Improvements in business, tax and investment climate and infrastructure focus will drive longer term growth
Creating employment opportunities will, however, be a challenge in the short term
About this report
The report elaborates on the economic goals, levers and challenges of the Indian economy. It analyses the 2015 Indian Budget with respect to its key thrust areas, its financials, priority themes, and the outlook by key sectors.
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