Page 17 - Economic Growth

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

Fiscal policy reset needed, especially after a difficult Covid phase

Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis

Best of BS Opinion: The real challenge of Viksit Bharat@2047 and more

Here is the best of Business Standard's opinion pieces for today

Demographic destiny

India has a limited window of growth

The real challenge of Viksit Bharat@2047

The primary hurdle of the 2047 development goal lies in job creation for surplus agricultural workers and fresh workforce entrants

Amid Ukraine war, Russia upgraded to 'high-income' nation; here's why

Thriving in a war economy: Amid heavy sanctions, Russia's economy defied expectations, achieving a high-income status for the first time since 2014, according to the World Bank

China's Communist Party's 3rd Plenum begins key meet stem economic slowdown

China's ruling Communist Party is starting a four-day meeting Monday that is expected to lay out a strategy for self-sufficient economic growth in an era of heightened national security concerns and restrictions on access to American technology. While the meeting typically focuses on such long-term issues, business owners and investors will also be watching to see if the party announces any immediate measures to try to counter a prolonged real estate downturn and persistent malaise that has suppressed China's post-COVID-19 recovery. There's a lot of unclarity of policy direction in China, which is weighing on consumer and investor confidence, said Bert Hofman, the former World Bank country director for China and a professor at the National University of Singapore. This is a point in time where China needs to show its cards. Economic growth slowed to 4.7% on an annual basis in the April to June quarter, the government reported Monday. The outcome of the meeting will send a message t