The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let's focus on the real issues
The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data centres and networking equipment
The petroleum sector contributed Rs 4.32 trillion to the Central exchequer by way of taxes, royalties, and dividends, among others, and Rs 3.19 trillion to the states in 2023-24
Naren says investors should take a hybrid approach to navigate global uncertainties
The downside risks could materialise if energy prices rise significantly, given ongoing geopolitical risks, cautioned the rating agency
Data showed that the manufacturing sector (5.8 per cent) led the revival in industrial production, followed by electricity (4.4 per cent) and mining sector (1.9 per cent) during the month
The Centre on Friday released tax devolution of Rs 1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities. "A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures," the finance ministry said in a statement. The Union government has released tax devolution of Rs 1,73,030 crore to state governments on Friday, as against the devolution of Rs 89,086 crore in December 2024, the ministry added. Currently, 41 per cent of taxes collected by the Centre is devolved in instalments among states during a fiscal year.
Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added
Not too many tears would be shed for a squeeze on capex if the hit is primarily on infusing equity into a state-owned enterprise and on new schemes that are yet to be announced
The ministry has spent Rs 1.91 trillion from the gross budgetary support, Rs 824 crore from external resources, and Rs 8,733 crore from extra-budgetary resources on infrastructure creation
The monthly average price for December 2023 was Rs 55,000 per tonne while for December 2024, it stood at Rs 46,900 per tonne
Economists said that the Centre's capex needs to expand by 65 per cent YoY in December 2024-March 2025 or record a monthly run rate of Rs 1.5 trillion, to meet the FY2025 target of 11.1 trillion
Looking ahead, the Yogi Adityanath government aims to leverage this infrastructure development to build a robust network of GCCs
Chaudhary noted that there is a special focus from the Prime Minister, and all ministries have been directed to reach their capex targets by March
India's growth slowed to a seven-quarter low of 5.4 per cent in the July-September period of FY25
Transfers to states from Centre are down 20 per cent compared to last year in the April-October FY25 period
Experts feel that the government is likely to miss the target of Rs 11.1 trillion capital expenditure in the current financial year
This is mainly because of poor data for Q1FY25 due to election-related restrictions and uncertainties
Public offer expected to comprise a fresh issue of around Rs 350 cr and an offer for sale by earlier shareholders
Analysts say the weaker spending is one of the reasons for a recent slowdown in India's high frequency economic indicators