Page 14 - Economic Growth

India needs faster growth for a decade to meet goals: RBI Dy Guv Patra

It's possible for India's per capita income to climb to levels required to be considered a high income or developed country, Patra said

Demand for work under MGNREGS drops for 10th consecutive month in August

Nearly 19 million individuals requested work under MGNREGS, showing a 17 per cent decrease compared to the same period last year

Restaurant sector to turn around after tough Q1: Speciality Restaurants CMD

The restaurant industry is expected to turn around on the back of India's overall strong fundamentals after facing temporary headwinds such as high food inflation and people dining out less that hurt the sector in the first quarter, according to Speciality Restaurants Ltd CMD Anjanmoy Chatterjee. The company, which has a slew of brands such as Mainland China, Asia Kitchen by Mainland China, Episode One, Haka, and Sweet Bengal, among others and shut 29 outlets during the pandemic, is now focussing on profitable growth while expanding its footprint. "It should be clear that India not eating out or inflation not settling down is something which I don't believe in. India is better than many more countries...," Chatterjee told PTI. He was responding to a query on how long factors such as high food inflation and people dining out less after the diminishing of 'revenge eating' post pandemic that affected the restaurant industry, will continue to impact the sector. "It is a short-term ...

India's Q1 GDP data: Investment, consumption growth picks up pace

Investment growth above 30 per cent is considered important for driving economic growth

India's GDP growth slows to 5-quarter low of 6.7% in April-June quarter

But gross value added growth picks up pace in Q1; rains, lower inflation may help in consumption recovery

Economy in medium term could grow at 7%: CEA V Anantha Nageswaran

CEA cites GDP growth data for Q1FY25, which showed continued pickup in rural consumption

GDP growth still resilient: India maintains momentum despite Q1 slowdown

The high difference noticed in the GVA and GDP growth during the 3 rd and 4 th quarter of FY24 has eased in Q1FY25

India bond yields may inch higher as markets await weekly debt auction

The benchmark 10-year yield is likely to move between 6.85 per cent and 6.89 per cent till the debt auction

BS@50: The story of India's 50-year journey of high growth and development

India had started to turn corner around the time Business Standard was born. Attention to under-addressed areas can now put it on course to becoming a truly high-growth, 'high-development' economy

BS@50: These 50 data points trace India's journey through past 5 decades

From trade numbers to consumption growth, Business Standard explains India's journey through 50 data points

Vedanta to establish two not-for-profit industrial parks: Anil Agarwal

Industrialist Anil Agarwal states that an industrial park can greatly increase the competitiveness of manufacturing while bringing down the cost of transporting raw material

India's growth likely slowed to 6.9% last qtr as govt spending lagged: Poll

Growth in Asia's third-largest economy had been well above 7 per cent during previous quarters thanks to strong capital expenditure by the government led by Prime Minister Narendra Modi

India's GDP growth likely to have moderated in June quarter: Analysts

Slowdown in key drivers due to LS polls and high base effect: Analysts

Statsguru: India's GDP growth likely to ease; demand remains weak

There is a wide difference between the gross domestic product (GDP) and gross value added (GVA) growth rates

Indian diaspora in US top contributors in politics, economic growth & tech

Influence of the Indian diaspora in the US extends from driving economic growth to enriching cultural diversity, contributing more than $300 billion annually in tax revenues to the federal treasury

India could be $55 trillion economy by 2047 with 8% growth: IMF official

Krishnamurthy V Subramanian says India can achieve the feat if the country can keep the inflation below 5%

India will need around 100K company secretaries by 2030, says ICSI

India will need around 1 lakh company secretaries by 2030 amid rising economic growth and increasing focus on good governance, according to the company secretaries' apex body ICSI. Currently, there are more than 73,000 company secretaries and out of the total, around 12,000 are practising company secretaries. Company secretaries play a key role in the corporate governance framework in ensuring compliance of companies with various statutory requirements. Institute of Company Secretaries of India (ICSI) President B Narasimhan said there has been a paradigm shift in the way the country's economy is perceived today and company secretaries have essentially become a significant linchpin in making India one of the most preferred investment destinations of the world. India will need around 1 lakh company secretaries by 2030, he told PTI during a recent interaction. On an average, the ICSI gives membership to over 2,500 people every year. Going by projections, India is expected to become

IMF's Gita Gopinath says India could become 3rd largest economy by 2027

India's growth was much better than IMF expectations the last fiscal year and those carryover effects are affecting our forecast for this year, said Gita Gopinath

78th Independence Day: 5th largest economy needs growth to trickle down

India's population reached close to 1.5 billion in 2024, according to data from the United Nations, but the average annual growth rate has slowed down to below replacement level

Foreign investors pulled record amount of money from China last qtr: Report

Should the decline continue for the rest of the year, it would be the first annual net outflow since at least 1990, when comparable data begins