The NITI Aayog's proposal for Chinese companies to acquire stakes of up to 24 per cent would also balance investor interests with misgivings in Indian policy
India's premier tech institutes are witnessing a quiet revolution as economics, once sidelined, emerges as a key discipline with broad applications and industry demand
"We still expect growth to be in the range of 6.3-6.8 per cent as projected earlier, though it may be closer to the lower end of the band," a government official said
Data collection for the 7th Economic Census began in 2019 and took two years to complete owing to Covid
Tamil Nadu is projected to grow over 8% in 2024-25, driven by policy reforms, infrastructure development, and economic diversification
The average annual borrowings by the Assam government increased by nearly 78 per cent over three years from 2019-20, while growth has slowed down for GSDP and per capita income during the current fiscal compared to the preceding year, according to the state's Economic Survey report for 2024-25. The report, tabled in the state assembly on Monday, said the borrowing of the state government was Rs 16,634.53 crore in 2019-20. It increased to Rs 30,510.80 crore in 2022-23, with an annual average growth of 77.92 per cent over the previous year. It said that as per advance estimates, the nominal GSDP at current prices for 2024-25 is likely to be Rs 6.43 lakh crore as against Rs 5.70 lakh crore in 2023-24, reflecting a growth of 12.74 per cent. According to figures mentioned in the budget speech of Finance Minister Ajanta Neog, the state's GSDP growth was 19 per cent in 2023-24 compared to the preceding year, indicating a fall in the projected annual growth rate for 2024-25. The Economic .
Maharashtra's economy is expected to grow at 7.3 per cent as per the advance estimates of 2024-25, according to the government's pre-Budget Economic Survey tabled in the assembly on Friday. The report was tabled by Deputy Chief Minister Ajit Pawar who holds the finance portfolio. The survey said the Indian economy is expected to grow at 6.5 per cent during 2024-25. In the financial year 2024-25, agriculture and allied activities, industry and services sectors are expected to grow at 8.7 per cent, 4.9 per cent and 7.8 per cent, respectively, it said. The nominal GSDP (Gross State Domestic Product) for 2023-24 is estimated at Rs 40,55,847 crore as against Rs 36,41,543 crore in 2022-23, said the Economic Survey. The real GSDP is estimated at Rs 24,35,259 crore for 2023-24 compared to Rs 22,55,708 crore for 2022-23, it said. As per revised estimates, the share of Maharashtra's nominal GSDP in the all-India nominal GDP was the highest at 13.5 per cent during 2023-24, said the survey.
Cruise companies like Antara Cruises and Cordelia Cruises told Business Standard that they are planning to invest as well as raise funds to expand their fleet size
Odisha's economy is estimated to grow by 7.2 per cent in the current financial year, which is higher than the all-India growth rate of 6.4 per cent, according to the state economic survey report for the 2024-25 fiscal. The report, which was laid before the state assembly on Saturday evening, stated that the size of Odisha's economy proxied by GSDP at current prices is estimated to be at Rs 9.5 lakh crore in 2024-25 which has increased by 10 per cent from Rs 8.6 lakh crore in the 2023-24 fiscal. All the sectors have shown robust growth in the financial year 2024-25 and the state is poised for rapid growth in the years ahead. Higher capital investment and investment intent received through Utkarsh Odisha would further increase growth rate in the state in future, an official statement highlighting the key points of the report said. Similarly, the per capita income has increased by 10.6 per cent to reach Rs 1,82,548 in 2024-25 (advance estimate) while per capita income at all-India leve
While the Economic Survey last month hailed a Kerala model of land leasing, there exist multiple blocks to a comprehensive policy, in part due to differing state laws
Rules for consumer-facing services, such as cab aggregators, need to be reviewed to ensure both drivers and passengers are treated fairly
However, on the flip side, the reins of entrepreneurial ownership remain dominantly male-held
Union budget 2025-26 Live Updates: Modi govt has made some big announcements including changes in the new tax regime with taxpayers not having to pay any income tax on earnings up to Rs 12 lpa
New tax regime updates: Under the new system, taxpayers will not have to pay any income tax on earnings up to Rs 12 lakh per annum
The Economic Survey released on Friday emphasised that the private sector must take the lead in driving economic growth
At 12:30 PM, BSE Sensex was trading 0.64 per cent higher at 77,253.98 levels. Similarly, Nifty50 was trading 0.82 per cent higher at 23,439.55 levels
Finance Minister Nirmala Sitharaman will present her eighth consecutive budget today. This will also be the second budget under the third term of the Modi administration
The forecast for FY26 suggests only a little change over the 6.4 per cent growth expected for 2024-25, according to Advance Estimates
Investment, jobs, and deregulation vital for India's development
Unemployment rates in urban and rural areas have declined