A foreign brokerage report predicts that the Indian economy will grow at a rate of 6.2% in the next fiscal year, citing favorable policy settings, positive credit momentum, and manageable macros. Despite external challenges, the growth is expected to be supported by these factors. Read more on the Economic Times.
Several states are likely to miss their capital expenditure targets for the ongoing fiscal due to polls and fall in revenue, according to an analysis. A steep fall in revenue receipts will further lead to a major compression in state capex, says Icra Ratings Chief Economist Aditi Nayar.
