Page 15 - Economic Growth

GST reforms shaping India's economic future

One of the most noteworthy accomplishments of GST has been its role in simplifying and expediting company compliance

RBI's stance provides elbow room to check inflation, aid growth: Experts

Nikhil Gupta, Chief Economist, MOFSL Group said what probably was more important was the Governor's emphasis on headline inflation and the focus on inflation deceleration when growth remains so good

Will work to make Maha's economy surpass Japan, Germany: Guv Radhakrishnan

Maharashtra Governor CP Radhakrishnan has said he will work to make the state's economy larger than Japan and Germany and to ensure the wealth created reached the remotest village of the state. He was speaking here on Wednesday at the launch of 'Yoddha Karmayogi - Eknath Sambhaji Shinde', a biography of Chief Minister and Shiv Sena leader Eknath Shinde. He highlighted Maharashtra's crucial role in realising Prime Minister Narendra Modi's vision of a 'Viksit Bharat' (developed India) by 2047. The governor expressed confidence in CM Shinde's leadership to make Maharashtra a trillion-dollar economy while ensuring inclusive development. "A day will come by 2047 when India will be the richest nation of the world. That time, our Maharashtra state economy should be larger than the second largest economy of the world, that should be our aim and we all should work towards it," he said. "I will work with you to the extent that Maharashtra state's economy becomes larger than the second larg

Indian economy to grow at 7-7.2% in current fiscal year: Deloitte

India's economy is expected to grow at 7-7.2 per cent in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday. The August update of Deloitte's India Economic Outlook said several initiatives in the Union Budget 2024-25 toward improving agriculture productivity, creating jobs for the youth, and in manufacturing and addressing the challenge of access to finance for micro, small, and medium enterprises (MSMEs), would help improve supply-side demand, curb inflation, and prop up consumer spending, especially in rural areas. Deloitte India Economist Rumki Majumdar said, India will witness robust growth in the second half after a period of uncertainty in the first six months of the year. "Key contributing factors include the continuity in domestic policy reforms, reduced uncertainties in the US post-elections, and more synchronous global growth within a low inflation regime. "Additionally, improved global .

Throwing the baby out with the bathwater

Policy on derivatives needs to be informed by the evolution of these markets in India and the benefits of risk management

Economic Survey pessimistic on export growth prospects

In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before

BJP CMs' Council meet: PM discusses efforts to make India $5 trn economy

PM Modi, in the two-day meeting of the BJP Chief Ministers' Council that concluded on Sunday, said that the conservation of heritage and building a legacy of development

FM has managed to lay down a growth-oriented Budget: Harsh Pati Singhania

Budget proposal to promote investments, create jobs, say industry players

Budget 2024: Right balance between economic growth and fiscal prudence

It places special emphasis on education, employment generation and skill development recognising these as crucial components for sustainable economic growth and social welfare

Budget 2024: Setting the stage for India's sustained economic growth

The budget had a strong focus on employment generation with measures including a wage incentive for first-time employees entering the formal sector

'FM Nirmala Sitharaman's Budget aims to create abundant opportunities'

The 2024 budget highlights ongoing efforts in nine strategic areas aimed at generating abundant opportunities for everyone

Budget 2024: A step in right direction, particularly driving job creation

This Budget has taken steps to ease access to educational loans

Union Budget 2024: Fiscally prudent, inclusive, and growth-oriented

The MSME sector is the backbone of our economy, and I truly believe that for India to achieve its dream of becoming a US$5 trillion economy, this sector needs to be well supported

Union Budget 2024: Paving the path for India's sustained growth story

India's FY25 capital expenditure outlay is maintained at Rs 11.11 trillion, in line with the Interim Budget and up from last year's estimate of Rs 9.5 trillion

Economic Survey 2023-24: How India's overtime premium dwarfs peers'

This could be a disadvantage for the Indian economy, mentions the survey

India can grow at over 7% in the medium term, says Economic Survey

The Survey said the global trade outlook for 2024 remains positive, with merchandise trade expected to pick up after registering a contraction in volumes in 2023

Tourism sector witnessed revival, foreign arrivals went up: Eco Survey

Public policy should pay particular attention to boosting the tourism sector, Survey notes

Survey links growth to ongoing reforms

While services exports may continue to have a competitive advantage, future growth will hinge on domestic consumption and investment demand

FPIs invest Rs 30,772 cr in equities in July so far on sustained growth

Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director - Manager Research at Morningstar Investment Research India, said. Going forward, if the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Domestic and foreign investors are keenly watching for possible tweaks in the long-term capital gains tax in the Budget to be presented on July 23, he added. According to the data with the depositories, Foreign Portfolio Investors (FPIs) have made a net inflow of Rs 30,772 crore in equities this month (till July 19). This came following an inflow of Rs 26,565 crore in equitie

Prez Xi's big economic meeting shows party bracing for slower growth

The real estate sector, which at one point accounted for a quarter of China's gross domestic product, was mentioned just once in the nearly 4,000-word announcement