India is one of the countries that was mentioned by the Trump administration to be on the list of countries with which it runs a large deficit. U.S. Trade Representative reveals that the goods trade deficit between India and U.S. dropped by 5.9% in 2017 while U.S goods exports to India grew by 18.7%.
With the Reserve Bank giving no relaxation to its February 12 framework on resolution of stressed assets, banks are likely to become more cautious and risk-averse to long-term funding, especially to the infrastructure sector, say lenders.
The jury is still out on whether the Centre did the right thing by bringing in a new legislation — Fugitive Economic Offenders Bill — to deal with high-profile offenders who indulge in ‘loot and scoot’ crimes.
Data on labor market indicators is hard to come by in the second-most populous andone of the youngest economies in the world. The most comprehensive data onIndia’s labor market is available through National Sample Survey Office (NSSO),which conducted its last survey in 2011-12.