Our target is USD 5 billion of defence export in next five years: PM Modi

In 2014 the export of defence equipment from India was about Rs 2,000 cr and in the last 2 years it has gone up to Rs 17,000 cr.

Fitch says Budget light on new structural reforms

Fitch projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22.

This fiscal path commits us to the path of fiscal consolidation without compromising the needs of investment out of public funds.

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter.

India’s committed spending, excluding capital spending, could be targeted at near 27 trillion rupees for the next fiscal year.

The RBI was forecast to next cut rates by 25 basis points to 4.90 per cent in the October-December quarter.

Malls, shops and eateries in commercial districts of Mumbai such as BKC and Nariman Point will be able to remain open 24 hours.

These businesses have yielded 500+ acquisitions and created 750,000 jobs since 2014.

India’s annual consumer inflation rose to 6.20 per cent in December from November’s 5.54 per cent.

The World Bank shaved 0.2 percentage point off of growth for both years.