India's economy – Charm

How Households Quietly Got Richer Than Ever

Cs news4 months ago02 mins

This article first appeared on GuruFocus. Morgan Stanley (NYSE:MS) economists Upasana Chachra and Bani Gambhir estimate that Indian households now hold around 34,600 tons of gold worth nearly $3.8 trillion following this year’s record-breaking rally in bullion prices. They noted that the surge is creating a positive wealth effect across India’s balance sheets, as gold…

India’s tax reforms to partially offset tariff hit on GDP growth, economic adviser says

Cs news5 months ago02 mins

By Nikunj Ohri (Reuters) -The impact of U.S. tariffs on the Indian economy will be partially offset by recent consumption tax cuts that are expected to boost domestic demand, India’s Chief Economic Advisor said on Wednesday. The goods and services tax (GST) cuts announced by Prime Minister Narendra Modi’s government would have “compensating effects” on…