Page 3 - India Economy

Internship opportunities in India doubled in last 3 years: Report

Internship opportunities in the country have doubled over the past three years as organisations are trying to equip young professionals with industry-ready skills, a report has said. Internships are taking centre stage as companies gear up to equip young talent with real-world skills, said a report by global job site Indeed. According to data from Indeed, India witnessed a 103 per cent increase in internship postings over the past three years (February 2022 till February 2025), underscoring how businesses are doubling on internships to bridge the gap between academics and industry expectations. The report by Indeed is based on an analysis of data on its platform from February 2022 to February 2025. It further revealed that as industries evolve-especially with the rise of AI, data analytics, and digital transformation, companies are using internships not only to offer hands-on experience but also to spot and groom top talent early on. Delhi, Karnataka, and Maharashtra lead the pack

Private capex share in economy dipped to decadal low of 33% in FY24: Icra

Domestic rating agency ICRA on Monday said private capital expenditure's share in the overall investments in the economy dipped to a decadal low of 33 per cent in FY24. Among the private companies, it was the unlisted players which were subdued in investments as compared to the listed entities, as per a report. It can be noted that for the last few years, the government has been driving investments, leading to concerns in some quarters over the private sector's absence and its impact on the overall economic activity. The private sector has instead focused on deploying excess cash at reducing loan burdens rather than investing in new facilities, choosing to run at high capacity utilisation. "Weak domestic consumption, especially urban, muted export demand, and the influx of cheap Chinese imports in some sectors, among other factors, restricted the capacity expansion plans of Indian corporates," the agency's chief rating officer K Ravichandran said. Illustrating the importance of ..

Many nations want to adopt India's development model, says Piyush Goyal

Several nations want to adopt India's development model, which has given prominence to initiatives such as Startup India that encourage innovation, Union Minister of Commerce and Industry Piyush Goyal said here on Saturday. Addressing the valedictory function of Vejalpur Startup Festival 2.0, Goyal also said India aims to take the number of unicorns from the existing 118 to 1,000 and 5,000. The startup ecosystem created in the country has encouraged job seekers to become job creators, the Union minister asserted. "Narendra Modi as the then chief minister of Gujarat ensured fast paced development of the state. Gujarat's development then became the country's development. And slowly, several countries, especially developing countries, today want to adopt India's development model," Goyal said. Prime Minister Narendra Modi has dedicated to the nation several jewels in this development model, like Swachh Bharat Mission, Make In India, Digital India, Startup India, International Yoga ...

Advanced economies overtake Gulf nations in share of remittances to India

Advanced economies such as the US, the UK, Singapore, Canada, and Australia together accounted for more than half of India's remittances in FY24, reflecting a shift in migration patterns

Cong flagging threats to economy, when will PM listen: Jairam Ramesh

The Congress on Saturday said it has flagged a decade-long real income stagnation, a consumption boom entirely driven by the expansion of credit and deepening inequality as the three threats to the economy, and wondered what will it take for Prime Minister Narendra Modi to hear them. Congress general secretary in-charge communications Jairam Ramesh cited the remarks of Chief Investment Officer of Marcellus Investments, Saurabh Mukherjea, to press his argument. "In a podcast interview, Chief Investment Officer of Marcellus Investments, the well-known Saurabh Mukherjea has identified three threats to the Indian economy which the Congress has been flagging for months," Ramesh said in a post on X. He said Mukherjea has identified "a pernicious, decade long real income stagnation for the majority of India's working people" and a "consumption boom which is entirely driven by the expansion of credit and is therefore highly unsustainable". The Congress leader said that Mukherjea had also .

E-way bill generation slowed to 14.7% in February, shows GSTN data

Sequentially, the number of e-way bills dipped in February to 111.6 million, after rising for three consecutive months to touch a record 118.1 million in January

India's circular economy can create $2 trillion market: Bhupender Yadav

Union Minister Bhupender Yadav on Tuesday said India's circular economy has the potential to create a market worth over USD 2 trillion and generate nearly 10 million jobs by 2050. "On a global scale, the circular economy could contribute an additional USD 4.5 trillion to the global economy by 2030," he said, while speaking on the second day of the 12th Regional 3R and Circular Economy Forum for the India and Pacific region in Jaipur. The Union Minister for Forest, Environment and Climate Change said the circular economy will bring about the most significant transformation in trade. This shift will revolutionise the traditional "take, make, waste" model of production and consumption. The minister said that through the Plastic Waste Management Rules of 2016, significant steps have been taken targeting municipal, industrial, residential and commercial sectors. He said that in 2022, a ban on certain categories of single-use plastics was imposed. Yadav further stated that a Circular .

Manufacturing PMI dips to 14-mth low in Feb as new orders, production fall

Despite slowing to the weakest since December 2023, rates of expansion in output and sales remained elevated, according to a private survey

Datanomics: India closes in on Japan for fourth-largest economy tag

The Indian economy has come closer to Japan. The latter stood at $4 trn in 2024. It is quite possible that India's economy may overtake Japan's next year as latter's economy is struggling to grow

Indian manufacturing PMI at 56.3 in Feb, slowest expansion since Dec 2023

Feb manufacturing PMI: The decline was driven by weaker growth in output and sales, along with a slowdown in input purchasing to a 14-month low

India to remain fastest growing major economy with 6.5% growth in FY26: IMF

Multilateral financing agency International Monetary Fund (IMF) has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26, on the back of robust private investment and macroeconomic stability. India's strong economic performance, the IMF said, provides an opportunity for the country to advance critical and challenging structural reforms to realise the ambition of becoming an advanced economy by 2047. "Real GDP is expected to grow at 6.5 per cent in 2024-25 and 2025-26, supported by robust growth in private consumption on the back of sustained macroeconomic and financial stability. According to the second advance estimate released by the Indian government, the country's economy is expected to clock a growth rate of 6.5 per cent during 2024-25. Headline inflation is expected to converge to target as food price shocks wane," the IMF said after Article IV consultations with India. The IMF statement also underli

Pvt sector, edu reforms critical in journey to developed nation: Experts

Laveesh Bhandari, CSEP President, said that he is not bothered about economic growth going up or coming down a bit but about medium- to long-term growth

India's economic reset underway but clock is ticking: Experts at BS Manthan

India's economy is growing, but seizing its full potential means spurring corporate investment, tackling judicial delays and ensuring inclusive growth, said panelists on the first day of BS Manthan

India's developmental model could be template for others: CEA Nageswaran

India's developmental experiences could be a template for other countries, Chief Economic Adviser to the government Dr V Anantha Nageswaran told a seminar of leading South African and Indian expatriate business leaders here. Nageswaran was the keynote speaker at the seminar organised jointly on Tuesday by the Indian High Commission, the Consulate General in Johannesburg and the CII India Business Forum, which represents over 150 Indian companies invested in South Africa. India is a country with the largest population trying to transform itself into a developed nation within the context of a democratic polity and also within the context of a federal governance structure. Therefore, India's experiences will be very useful templates for many countries, including (South Africa), Nageswaran said. India will forever be a land of excitement, opportunities and a land where many public policy paradigms are created for other countries to learn from as we journey from three trillion to 13 ...

'Aatmanirbhar means readiness for uncertainty', says Principal Secy to PM

BS Manthan: PK Mishra, principal secretary to the Prime Minister of India, believes the country must adopt an 'anti-fragile' approach in an uncertain world

Worst over for India's economy, Q3 GDP growth seen at 6.2%: Deutsche Bank

The worst seems to be over for the Indian economy's growth trajectory, a German brokerage said on Thursday. GDP growth, which had slipped to a seven-quarter-low of 5.4 per cent in the September quarter leading to a lot of concerns over the economy's strength, is likely to rise to 6.2 per cent in the December quarter, the report by Deutsche Bank said. "We think the worst is over as far as India's growth trajectory is concerned but, even with the improvement of momentum, overall GDP growth is likely to remain below the potential growth rate of 7 per cent in FY26," the bank's analysts said. In the report which comes a day ahead of the release of official data on economic performance, the analysts also said that we have to be cautious about the forecasts as there can also be a revision in previous years' data. The brokerage added that its leading indicator derived from 65 high-frequency indicators is also pointing towards a 6.2 per cent growth. The Reserve Bank is likely to deliver ..

Is agriculture India's strength or weakness? Panel to debate at BS Manthan

At the second edition of BS Manthan, Business Standard's annual flagship summit, experts will debate whether agriculture is India's strength or weakness now

Will set up deregulation commission to reduce govt's interference: PM Modi

Prime Minister Narendra Modi on Saturday said the government will constitute a deregulation commission to further reduce the role of the state in all spheres of governance. Speaking at ET Now Global Business Summit, Modi said the government has ended hundreds of compliances and now through Jan Vishwas 2.0, more archaic compliances are being reduced to promote ease of doing business. "It is my conviction that there should be less interference of the government in the society. For this, the government is also going to constitute a Deregulation Commission," he said. The NDA government through its policies have been able to replace 'Fear of Business' with 'Ease of Doing Business', he said. Acknowledging that the role of the private sector is very important in the journey for Viksit Bharat by 2047, he said the government has opened many new sectors including nuclear energy, space, commercial mining and power distribution systems for them to invest and bring in efficiency. He exuded ...

India fastest growing economy, inflation under control, says Vaishnaw

Earlier on Tuesday, in a significant boost to India's semiconductor ambitions, Union Minister Ashwini Vaishnaw informed about a major investment of over Rs 10,000 crore in India from Lam Research

Govt to roll out monthly unemployment figures from April for data accuracy

Until now, the government released only quarterly unemployment figures for urban areas and combined annual data for urban and rural areas