Page 19 - Economic Growth

Tax buoyancy cannot continue year after year, says DEA secy Ajay Seth

Economic Affairs Secretary Ajay Seth spoke on the government's thinking behind the major budget projections and the fiscal math

Don't count on a soft landing for the global economy

Despite the relatively buoyant consensus, recent developments suggest that the risks to global growth are still tilted to the downside

Interim Budget 2024-25: Strong foundation towards 'Viksit Bharat'

The cornerstone of this Budget is a commitment to foster global competitiveness among Indian enterprises, attract foreign investments, and bolster startups and innovation-driven ecosystems

Interim Budget 2024: India's economic future bright, in capable hands

While the IMF estimates the Indian economy to grow at 6.7 per cent in 2023-24, there is no other comparable economy that is growing as rapidly as India

Europe's economic blahs drag on with zero growth at end of last year

Europe's economy failed to expand at the end of 2023, with the stagnation now lasting for more than a year amid higher energy prices, costlier credit and lagging growth in powerhouse Germany. Zero economic growth for the October-to-December period of last year follows a 0.1 per cent contraction in the three months before that, according to figures released on Tuesday by EU statistics agency Eurostat. That extends a miserable run of economic blahs: The 20 countries that use the euro currency have not shown significant growth since the third quarter of 2022, when the economy grew 0.5 per cent. And the start of this year looks no better, with indicators of business activity still flashing red for contraction. Plus, disruptions to shipping in the Red Sea have constricted global trade through the Suez Canal, a major route between Asia and Europe, surging shipping costs and threatening to boost inflation. The eurozone is still struggling to find a bottom, said Holger Schmieding, chief ..

FY25 likely to see 7% growth: Finance ministry ahead of Interim Budget

Review report flags elevated risk of geopolitical conflicts only area of concern

Landscaping growth with tech

Technology-based planning could unlock trillions in economic activity

India most-trusted; world should consider trust-shoring for doing biz: Min

Asserting that Prime Minister Narendra Modi has made India the most-trusted country for the world, senior Union minister Ashwini Vaishnaw on Thursday said global businesses should consider "trust-shoring" to reap benefits of the resilience and steady high growth of the Indian economy. In an extensive interview to PTI here at the World Economic Forum Annual Meeting 2024, Vaishnaw said India will deliver 6-8 per cent economic growth for at least 10 years, given the strong foundation laid by Prime Minister Modi and there will be opportunities for everyone across all sectors. "In my meetings with business leaders, investment bankers, tech CEOs and other leaders, one common factor that has come out very clearly is the resilience of the Indian economy and people want to know more about it. "People want to know in deep about Prime Minister Narendra Modi's policies. I had discussions with several top investment bankers and global CEOs on how PM Modi has given a stability and resilience to t

India insurance sector growth pegged at 7.1% in 2024-28: Swiss Re

The expanding economy, growing middle class, innovation and regulatory support are driving the insurance market growth in India

Economic optimism doubles but tech, climate pressures accelerate: Survey

The proportion of CEOs who believe global economic growth will improve over the next 12 months has more than doubled since last year, the annual PwC Global CEO Survey showed on Monday. The survey, released on the first day of the World Economic Forum Annual Meeting here, also showed that almost half of CEOs do not believe their businesses will be viable in a decade amid acceleration of technology and climate pressures. The survey, which interviewed over 4,700 CEOs across 105 countries and territories, found that 38 per cent of CEOs are optimistic about global economic growth prospects in the next one year, up from 18 per cent in 2023. CEOs' expectations of economic decline have also tumbled from a record high of 73 per cent in the 2023 survey to 45 per cent. Despite ongoing conflicts, the proportion of CEOs who felt their company is highly or extremely exposed to geopolitical conflict risk fell 7 percentage points to 18 per cent. CEOs in most regions of the world were found to be

The geography of unequal growth

The weakness of lower-growth states in manufacturing and services needs to be corrected

5 ways to increase cyber resilience against increasingly diverse threats

All signs are that 2024 will be another challenging year, but by shifting practices and pursuing cooperation and best practice sharing, progress can be made

World Bank keeps India's FY25 GDP growth estimate unchanged at 6.4%

In its biannual 'Global Economic Prospects' report, the World Bank said India is anticipated to maintain the fastest growth rate among the world's largest economies

GDP growth data suggests a robust recovery

Economy-wide modelling while facing multiple exogenous shocks is clearly a task that is challenging and risky

Containing fiscal deficit at 5.9%: Low nominal GDP growth a challenge

The Budget had assumed nominal GDP to grow 10.5 per cent during 2023-24, but advance estimates have projected it to expand by just 8.9 per cent

UN report revises India's GDP projection downward to 6.2% for 2024

Despite revising the growth estimates for 2024 downward by 0.5 percentage points, the report projects a rebound in 2025, with a GDP growth projection of 6.6 per cent

Best of BS Opinion: Back to Sebi, The story of organising retail & more

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

India's manufacturing PMI declines to 54.9 to hit 18-month low in Dec

Despite the decline, the December figure marked 30 months of the index remaining above 50. A survey print above 50 indicates manufacturing expansion, and below that, contraction

India's future hinges on the Gangetic plain

Sustaining the growth momentum seen in FY23 in the three states along the country's holiest river is key to realising Viksit Bharat@ 2047

CMS Info Systems reports 9.3% growth in retail consumption trends

In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well