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Economy

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Economy

India’s hunt for animal spirits: Lessons in economic management from Asian powerhouses can help

On Friday, the Modi government moved to arrest the growth slowdown with a raft of measures to boost systemic liquidity and demand. But India needs another round of structural reforms to sustain high growth rates over the medium to long term. And here, it can learn invaluable lessons from the best practices of economic powerhouses in Asia — Singapore, China, and Malaysia.

Economy

India’s hunt for animal spirits: Lessons in economic management from Asian powerhouses can help

On Friday, the Modi government moved to arrest the growth slowdown with a raft of measures to boost systemic liquidity and demand. But India needs another round of structural reforms to sustain high growth rates over the medium to long term. And here, it can learn invaluable lessons from the best practices of economic powerhouses in Asia — Singapore, China, and Malaysia.

Economy

The Budget just gave millennials more cash to spend. But it left a chilling message for a habit called saving: die.

The Budget proposal will increase disposable income of individuals in the INR5 lakh bracket by INR13,000, and millennials will have a major share of this. While this is a positive for India’s consumption story, it will further bring down savings and investments. For India, investment-linked exemptions could set the right tone for future growth.

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