Economy and Finance

Today, India is growing rapidly, around 7 per cent annually, yet no one credits Hindu culture for this success.

Predictably, the opposition parties and the extended anti-Modi cabal have seized the opportunity to attack the Modi government and accuse it of gross economic mismanagement.

Several Indian sectors that earlier depended heavily on the American market are now quickly redirecting their products to other regions. Items like shrimps, gems and jewellery, auto components, and electrical machinery have found many buyers in Asian and European countries.

Reserve Bank of India (RBI) on Friday announced the issuance of 244 Consolidated Master Directions, scrapping 9,345 outdated and redundant circulars that had accumulated over seven decades.

Under the scheme, the government plans to set up 6,000 metric tonnes per annum (MTPA) of integrated REPM manufacturing capacity in India.