India’s finance minister unveiled on Thursday a short-term budget to meet government expenditures until national elections are held by May, saying it will boost spending on infrastructure projects, build homes for poor villagers, and cut the fiscal deficit by reducing subsidies. Nirmala Sitharaman announced plans to raise skills for young people and boost small and … Read more
Pacific Money | Economy | South Asia The early results of the AI-ECTA have been positive, and could remind Indian officials of the merits of free trade agreements and tariff elimination. Advertisement The Australia-India Economic Cooperation and Trade Agreement (AI-ECTA) entered into force on December 29, 2022, another step in a deepening partnership between two fellow Quad members. However, … Read more
Advertisement Before returning to Cambodia to get involved in politics, I worked as a stock portfolio manager with Paribas Asset Management in Paris. This stimulated an interest in how stock markets reflect prospects for economic growth, which has never left me. The stock markets of Asian countries such as China and the “new economic tigers” … Read more
Advertisement The latest Economic Survey, released by the Ministry of Finance ahead of the announcement of Union Budget 2023, posits that India is staging a full recovery following the pandemic. The data suggests that India is positioning itself to ascend to its pre-pandemic growth path during 2023-24. This is essentially underpinned by the domestic catalyst … Read more