Page 225 - Economy & Policy News
Indians must work hard to achieve a $30 trn economy by 2047: Amitabh Kant
L&T's chairman's remarks have reignited the work-life balance debate, first triggered by Infosys co-founder Narayana Murthy's suggestion of a 70-hour workweek
 "Indians must work hard to achieve a $30 trn economy by 2047: Amitabh Kant")
Bharat is the fastest-growing global economy in last decade: VP Dhankhar
Referring to the growth trajectory of the country, he said that a phenomenal infrastructure growth was taking place in the nation
 "Bharat is the fastest-growing global economy in last decade: VP Dhankhar")
Statsguru: Youth employability declines amid looming AI disruption
The unemployment rate for those aged 15 and above with graduate-level education has dropped over the years in both rural and urban areas
 "Statsguru: Youth employability declines amid looming AI disruption")
Need 7.3% per capita income growth for 'Viksit Bharat' by 2047: Panagariya
India's per-capita income, in 2023-24 dollar terms, is about $2,570, which is very low compared to countries like South Korea, Taiwan, United States, and other European nations
 "Need 7.3% per capita income growth for 'Viksit Bharat' by 2047: Panagariya")
India to remain fastest growing major economy with 6.5% growth in FY26: IMF
India's strong economic performance, the IMF said, provides an opportunity for the country to advance critical and challenging structural reforms to realise the goal of advanced economy by 2047
 "India to remain fastest growing major economy with 6.5% growth in FY26: IMF")
India's GDP growth picks up to 6.2% in Q3; FY25 projection now 6.5%
Data released by the Ministry of Statistics and Programme Implementation (Mospi) on Friday showed the economy is expected to grow at 6.5 per cent in FY25, marginally higher than the 6.4 per cent proje
 "India's GDP growth picks up to 6.2% in Q3; FY25 projection now 6.5%")
Indian trade group asks govt to partly shift gold, silver imports to US
Gem and Jewellery Export Promotion Council says step will balance trade deficit with the US
 "Indian trade group asks govt to partly shift gold, silver imports to US")
India needs 7.8% growth for 22 yrs to be high-income by 2047: World Bank
Report highlights the need to cut import tariffs, simplify procedure to attract foreign investment
 "India needs 7.8% growth for 22 yrs to be high-income by 2047: World Bank")
India, EU to push for long-pending free trade agreement by 2025-end
The trade deal will be accompanied with pacts on investment protection and geographical indicators
 "India, EU to push for long-pending free trade agreement by 2025-end")
Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C
Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge
 "Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C")
Oil on track for first monthly drop since Nov on Trump tariff concerns
Uncertainty surrounding OPEC's production resumption plans in April and ongoing talks to end the war in Ukraine also weighed on investor sentiment
 "Oil on track for first monthly drop since Nov on Trump tariff concerns")
India's economy unshaken by global risks: CEA V Anantha Nageswaran
The CEA noted that urban demand has strengthened while inflation is on a downward trend
 "India's economy unshaken by global risks: CEA V Anantha Nageswaran")
Semiconductor sector vital for economic growth and technology: US consulate
The US Consulate in Mumbai, in a release, said it is hosting a four-part roundtable series focused on advancing US-India collaboration in semiconductor technology
 "Semiconductor sector vital for economic growth and technology: US consulate")
BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery
Business Standard Manthan highlights: Catch all the latest developments from the summit here
 "BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery")
India Inc best judge, but govt would like speedier pvt investment: FM
Holding that global trade is going to be completely reset, Sitharaman said India has to ramp up bilateral relationships with friendly countries
 "India Inc best judge, but govt would like speedier pvt investment: FM")
BS Manthan: Bilateralism now topping the agenda, says FM Sitharaman
The global churn and India's reset played out on day one of BS thought summit, with the who's who from government, economy, banking, defence coming together
 "BS Manthan: Bilateralism now topping the agenda, says FM Sitharaman")
BS Manthan: Tata, M&M will not allow Tesla to dominate India mkt, says Kant
Private sector growth will fuel PM's Viksit Bharat vision: India's G20 Sherpa
 "BS Manthan: Tata, M&M will not allow Tesla to dominate India mkt, says Kant")
Assam received Rs 5.18 trn investment proposals in biz summit: CM Himanta
The commitments amount to 80 per cent of the state's gross domestic product (GDP), which is projected to reach Rs 6.43 lakh crore by March, Sarma said at a press conference here
 "Assam received Rs 5.18 trn investment proposals in biz summit: CM Himanta")
Key infra sectors growth picks up to 4.6% in January, shows govt data
The key infrastructure sectors' output had expanded by 4.8 per cent in December 2024
 "Key infra sectors growth picks up to 4.6% in January, shows govt data")
India and EU decide to conclude free trade agreement by end of 2025
In his media statement after talks with Von der Leyen, Modi described India-EU strategic partnership as "natural and organic" and one that it is based on "trust" and shared belief in democratic values
 "India and EU decide to conclude free trade agreement by end of 2025")