1. Our hefty domestic demand growth, which always used to neutralise our perenially dismal export growth, has considerably weakened, with waning of our "animal consumption spirits".
2. This is a major cause of economic worry as we are, and will continue to be, a net importing economy - mainly due to edible and industrial oils - along with declining export growth as well.
3. Although inflow of foreign funds may have currently guided the stock market up, due to corporate-friendly announcements, it is to be seen whether we remain attractive for them when other markets would start catching up, during an improvement in the global economy.
4. As the financial sector, banking and non-banking as well, has not yet fully accounted all its bad loans, its credit growth also remains subdued, adding to discomfiture.
5. What is urgently needed are Real Reforms like:
a) Land and Labour reforms
b) Taxation reforms
c) Privatisation of Public sector banks, manufacturing industries and utilities
d) FDI and E-commerce liberalisation
e) Exchange rate management policy
f) Energy pricing reforms
g) Rural public works reforms
h) Fiscal Deficit reduction reforms
i) Agrarian employment reforms
2. This is a major cause of economic worry as we are, and will continue to be, a net importing economy - mainly due to edible and industrial oils - along with declining export growth as well.
3. Although inflow of foreign funds may have currently guided the stock market up, due to corporate-friendly announcements, it is to be seen whether we remain attractive for them when other markets would start catching up, during an improvement in the global economy.
4. As the financial sector, banking and non-banking as well, has not yet fully accounted all its bad loans, its credit growth also remains subdued, adding to discomfiture.
5. What is urgently needed are Real Reforms like:
a) Land and Labour reforms
b) Taxation reforms
c) Privatisation of Public sector banks, manufacturing industries and utilities
d) FDI and E-commerce liberalisation
e) Exchange rate management policy
f) Energy pricing reforms
g) Rural public works reforms
h) Fiscal Deficit reduction reforms
i) Agrarian employment reforms