Page 4 - Himanshi Bhardwaj

Reforms@35: India grew nine-fold, but its Asian peers grew faster

In 1991, five years into the Doi Moi reforms, Vietnam's per capita income was $141, less than half of India's. Today it is $4,829, nearly twice that of India

NITI Aayog's remedy for manufacturing: Clusters and lower costs

The think tank has identified 12 sectors in which India can aspire to global leadership by 2047, with the first volume focusing on chemicals, textiles, telecom and solar PV

Retail inflation breaches RBI's median target again to hit 4.45% in July

India's retail inflation rose to 4.45% in July, driven by higher food prices, while economists expect no immediate RBI rate hike despite rising upside risks

Andhra Pradesh tops job, SHG targets but badly trails on housing and roads

The state exceeded employment and self-help group targets under the Twenty Point Programme but achieved barely a third of its rural housing and road goals in FY26

Panel reiterates recommendation to examine statutory status for NSC

Finance panel says statutory backing could strengthen the NSC's authority to enforce uniform standards and methodologies across public and private data producers.

Bihar tops states' fiscal strain with 5.8% fiscal deficit, says Crisil

Deficits stayed particularly high in Madhya Pradesh, Tamil Nadu, Uttar Pradesh and Telangana, apart from Bihar, according to the study

Kerala, Odisha among states releasing lowest share of MPLADS funds

Kerala released just 36.6 per cent of its MPLADS allocation to vendors, while Maharashtra and Uttar Pradesh recorded the largest gaps when measured in absolute rupees

CAG flags ₹6,603 cr land cost overrun, financial stress at Bangalore Metro

The auditor flagged poor planning and land acquisition, saying BMRCL has continuously incurred cash losses and remains dependent on Karnataka to service its debt

Panel asks Mospi to examine feasibility of statutory status for NSC again

The panel said Mospi had not provided a convincing justification for not examining statutory status for the NSC and stressed the need for statutory backing

Govt reviewing bilateral investment treaty model to make BITs accommodating

The proposed overhaul seeks to make India's investment treaty regime more investor-friendly while retaining sovereign safeguards and advancing negotiations with key partners

India must sustain 9.25% growth for 21 years to achieve 2047 goal: Lahiri

NITI Aayog Vice-Chairman Ashok Lahiri says India must sustain 9.25 per cent annual nominal growth for 21 years, backed by reforms, to achieve developed-country status by 2047

Govt moves to end ISI's 94-yr society status, defends Bill amid backlash

The Centre says the proposed law will strengthen governance and expand academic opportunities at the Indian Statistical Institute, while faculty members warn it could erode institutional autonomy

States' deficits run deeper than their Budgets, show CAG reports

CAG audits reveal that several Indian states understated their fiscal gaps in 2024-25 due to accounting practices, off-budget borrowings, and unrecorded liabilities

BRICS countries agree to deepen cooperation on official statistics

Under India's chairship theme, "Building for Resilience, Innovation, Cooperation and Sustainability," the statistics track has been anchored around the theme "Quality Statistics as Driver of Change."

Minus N-power plans, fresh private investments fell 32% sequentially in Q1

India's fresh investment plans jumped 71% in Q1FY27, but excluding four mega nuclear projects, private investment weakened amid West Asia-related uncertainty

R&D spending in India only 0.84% of GDP in FY24, govt tells Parliament

Gross R&D spending rose to Rs 2.45 trillion in FY24, while private industry overtook the government as the largest contributor to research funding

State capex utilisation eases in Q1FY27, remains mid-range over six years

States utilised 10.67 per cent of their FY27 capital expenditure budget in the first quarter, lower than a year ago, although absolute spending touched a six-year high

Investment tide turns for new Chief Ministers in first quarter of FY27

Karnataka, Kerala and West Bengal posted sharp rises in proposed investments in Q1 FY27 after leadership changes, while Tamil Nadu saw inflows plunge

New states challenge industrial giants, but both have work cut out

Contenders redraw India's economic map, yet ground-level reform struggles

Services output growth cools in May as postal, broadcasting contract

NSO's trial services index shows fewer sectors posting double-digit growth, though accommodation, banking and retail continue to lead the expansion