Chidambaram termed it a "politically-driven budget" with the income tax cut being the "main thrust" of the Budget with an eye on the Delhi Assembly polls
Looking ahead, we believe that the growth-inflation outlook suggests that there is room for another 25 bps rate cut in either the April or the June 2025 meetings
Credits enhanced scheme diversification, adaptation to market changes
The six-year roadmap until FY31 aims to bring down the debt-to-GDP ratio to a range of 47.5-52 per cent from 57.1 per cent in FY25
It discussed the medium- to long-term challenges in detail, which should guide policymaking
Religious tourism accounts for over 60 per cent of domestic travel in India, according to a report by KPMG
The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let's focus on the real issues
A push to manufacturing through these clusters will help us capitalise on the China-plus-one opportunity presented globally
''We are aligned with the mission of Viksit Bharat...,'' she said
These two metrics, while similar on the surface, provide different perspectives on economic health and growth trends
The government must focus on improving governance and performance at PSUs and public sector banks (PSBs)
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP, respectively
The Budget had assumed nominal GDP to grow 10.5 per cent for FY25
NSO data shows that the share of GFCF, a proxy for infrastructure investment in the economy, is expected to fall to 30.1 per cent of GDP in FY25 from 30.8 per cent in FY24 in nominal terms
Rural demand, services sector may lift H2 showing
Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions
The Central government debt is projected to decline from 58.1 per cent of GDP in 2023-24 to 56.8 per cent in 2024-25
Industry must invest in technology and international sales, economic policy must focus on structural change and productivity, and politics on ideas
Next time the GDP numbers are announced, the slowdown could be attributed to global economic weakness, rising oil prices, or another drop in domestic capex
While the economy is expected to recover in the second half, growth for this full financial year will be slower than initially projected