Page 234 - Indian Economy

Higher tax buoyancy augurs well for India's expansionary fiscal policy

Five factors, including massive hiring in tech sector, STT collections, are driving the revenues ahead of expectations

Govt likely to give more sops to units in special economic zones

With this incentive, manufacturers in SEZs that have spare capacity will be able to boost production

The employment dividend from exports

The surge in some export sectors has the potential to address India's urban jobs challenge with necessary policy intervention

Expect real GDP growth of 7 to 8% in 2Q FY22, says Motilal Oswal

Motilal Oswal Financial Services on Monday projected a real gross value added growth of 7 to 8 per cent year-on-year in the second quarter of current fiscal year versus 20.1 per cent growth in 1Q FY22

'Made in India' iPhones make Apple's 70% domestic market sales

According to sources in the know, Apple value addition in the country for mobile devices currently was around 15 per cent

Time for hustle

Old established production arrangements have broken down, there are new opportunities

Prioritising expenditure necessary in short term, says MPC member

Revival of the Indian economy would be sustained if the COVID-19 pandemic is under control, eminent economist Shashanka Bhide said on Sunday

Govt-industry talks on proposed FTAs with EU-Australia at premature stage

Consultations with India Inc on trade pacts with UK, UAE on

Value of textile exports should be increased to $100 bn from $33 bn: Goyal

Goyal says PLI and mega textile parks scheme to be approved soon

The ultimate scarcity: Overall consumption has stagnated over four years

Economic performance is also affected if large numbers of people are out of work, or at such low levels of income as to force under-consumption, writes T N Ninan

India's economy is booming after second wave, that's what we have read: SC

Economy is booming in the country after second COVID wave, said SC as it refused to entertain a batch of pleas seeking contempt action against Governor of RBI and senior officials of other banks

Parliamentary panel to talk divesting RBI of debt management role

Experts say not a good idea when the country is recovering from the Covid crisis

Making investment efficient

Pushing capital expenditure will not be enough

States' fiscal balances stay weaker than pre-Covid levels in Q1 FY2022

The pandemic continues to affect state finances with first quarter revenue and expenditure numbers pointing out that a full economic recovery is still a long road ahead.

Exports rise 45% to $33.14 bn in Aug; trade deficit widens to $13.87 bn

India's exports jumped 45.17 per cent to USD 33.14 billion in August as against USD 22.83 billion in the same month last year, according to the commerce ministry's provisional data

What this country built over last 70 years is being given away: Rahul

Gandhi on Thursday said the nation was at a "critical crossroad" and the Congress, as a major opposition party, has a moral duty to fight the forces that threaten the very idea of India

Hiring activity in India on steady recovery: LinkedIn India report

Hiring activity in India has been on a steady recovery and the hiring rate in July this year was around 65 per cent above the pre-COVID level, a report said. According to the LinkedIn India Labour Market Update (July 2021), there was a deepening hiring dip in April 2021, corresponding to the second wave of COVID-19 cases in India. Since then, it has been recovering steadily. Compared to the pre-COVID levels in 2019, the hiring rate was 35 per cent higher at the end of May 2021, 42 per cent higher at the end of June 2021, and now 65 per cent higher at the end of July 2021, it said. Hiring rate is a measure of hires divided by LinkedIn membership. This analysis looks at the changes in hiring rate between the month under review and the same month in 2019. "As large sectors such as IT, manufacturing, and hardware begin to ramp up hiring after a year of hiring freezes, we are hopeful that hiring will continue to grow," the report said. It said hiring has been on a steady recovery, lar

India's gasoline demand seen hitting record as Covid-19 curbs ease

Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.

NMP will create monopoly, duopoly in our economy, says Sachin Pilot

Congress leader Sachin Pilot on Wednesday slammed the Central government over National Monetisation Pipeline by saying that the new scheme will create monopoly and duopoly in the economy

Low base not sole contributor to GDP growth in June quarter: CEA

'The decline and the subsequent recovery was not reflecting anything about the fundamentals of the economy. It is only reflecting the economic restrictions that were placed or removed', said CEA