The central bank may be upbeat about revival of investment by Indian businesses, but the RBI’s own data and conflicting views suggest companies are scaling back spending.
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The apex court’s quashing of its over $4 bn relief request did little to dim the telco’s stellar all-round show in FY25 or the market’s love for the stock.
Stagnant wages and job growth are straining the economy. The government’s hyped tax breaks can do little to fix what is fundamentally wrong with demand.
They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.