Economic Concerns that need Solutions
Indian Public sector banks are in trouble due to rising NPAs and an acute shortage of capital. The owner, the government, urgently either needs to find fresh capital or find other solutions.
Policy Holders of India’s largest life insurance are at risk as investments are being made for considerations other than generating a safe return on their hard earned money.
The Indian rupee is under pressure. This will get worse as the USA is likely to raise rates three or four times this year.
With international oil prices up and likely to remain high, India needs to carefully manage the trade deficit and resultant balance of payments.
Major changes to the GDP calculation are not supported by back-series data. The government has not released back-series data on the new base year of 2011-12, making the historical comparison of growth numbers impossible. Similarly, the industrial production and employment data need serious work. more