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The RBI normally pays the dividend from the surplus income it earns on investments and valuation changes on its dollar holdings and the fees it gets from printing currency, among others.
Swiss brokerage UBS Securities India expects the economy to gain momentum in the second half on cyclical tailwinds, including pent-up demand and favorable external demand.
Deloitte India s forecast: India May Expect Double-digit Growth in FY2022 Apr 11, 2021, 15:40 IST
Deloitte global chief Puneet Ranjan is very bullish about India’s future and economic potential. According to Deloitte India’s forecast, India may expect double-digit growth in FY2022. This is due to various factors like - Pent up consumer demand; widespread vaccine deployment; improved consumer and business confidence; increased government spending, sufficient liquidity and reforms undertaken by the government.
Even before the pandemic, many were predicting the “Indian Century” given the central role India is playing in developing the technologies of tomorrow, its large domestic market and its contributions to the global economy. India has capitalized on its incredible wealth of raw talent. IT services companies and the Global Capability Centres in India– run by skilled Indian technicians - ensure global operations not only run seamlessly but step up with digital,