For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced … Read more
Mumbai: A recent reduction in cooking gas prices is likely to exert a softening effect on inflation that’s also being aided by declining non-food prices, but monetary policy must remain in “risk-minimisation” mode to firmly bring consumer prices back to the legally mandated target, central bank economists said. “Fuel prices remain in deflation, and this … Read more
“We are back to sanity and we are looking at two to three rate cuts by December. So, this dot plot will be very critical and I think that is the market moving theme next week,” says Ajay Bagga, Market Expert. Because we saw that the reason was of course majorly dominated because of the … Read more
