Page 33 - Indian Economy

NCAER paper recommends states to create independent fiscal councils

Several bodies in the past had recommended a fiscal council for the central government

PM Modi aims to boost investment ties, secure tariff relief during US visit

PM's US visit comes as foreigners have pulled $21 bn from Indian markets since September end, rupee has hit fresh lows, and the nation's $4.1 trillion stock market is Asia's worst performer in 2025

Speedy rebound in growth on strong foundation: FM Nirmala Sitharaman

India's economy is expected to grow by 6.4 per cent in real terms and by 9.7 per cent in nominal terms, according to advance estimates released by the National Statistics Office

Conveyance tops non-food household spending in 2023-24: HCES data

Released by the statistics ministry, HCES data shows that MPCE in rural areas in the 2023-24 period was Rs 4,122. In comparison, the MPCE by urban households was Rs 6,996

Congress leader Chidambaram finds faults with Budget in Rajya Sabha

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

No financial crisis in Puducherry as Centre provided funds: MoS Murugan

Addressing a press conference, he highlighted the BJP's recent electoral success in Delhi and India's economic progress over the past decade

Which road to Viksit Bharat? Charting India's path to development by 2047

Historically, most nations have managed to move only one income bracket higher over the past 80 years

How India can achieve rapid growth to achieve 'Viksit Bharat 2047' goal?

India must adopt a focused approach in the coming years to achieve Viksit Bharat by 2047. Achieving 8-10% growth is possible with coordinated, growth-focused policies at both central and state levels

Focus on bringing out district-level estimates: Amitabh Kant to MoSPI

Addressing the event, MoSPI secretary Saurabh Garg also emphasised on the work being done by the ministry on making district-level estimates available

E-way bill generation hits a new high in January, shows GSTN data

In December last year, e-way bill had hit the second highest level at 112 million, after it peaked earlier at 117.2 million in October due to the festive season

RBI's growth, inflation projection offers comfort to markets and investors

State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different

Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead

Given the current economic landscape, moderating inflation, and sluggish growth, another 25-50 bps rate cut within this calendar year remains a strong possibility

RBI to cut rate for first time in 5 yrs to boost economy as inflation slows

The MPC had changed its policy stance to neutral in October and cut banks' cash reserve ratio by 50 bps in December to ease liquidity stress in the banking system

The world seeing 'Bharat rate of growth', says PM Narendra Modi

The PM said economists coined the phrase "Hindu rate of growth" to describe the country's economic progress during the tenure of the Congress governments

India to assess benefits of OECD's global tax deal after US quits: Fin secy

India will evaluate the benefit of joining the OECD's global tax deal as the US deciding to withdraw from such a global pact has made it "impractical to implement", Finance Secretary Tuhin Kanta Pandey said on Tuesday. US President Donald Trump on January 20 in a Presidential memorandum had said that the "Global Tax Deal have no force or effect within the United States", thus nullifying the progress made so far by the Organisation for Economic Cooperation and Development (OECD) to bring 140 countries on the same platform to levy a minimum 15 per cent tax on profits of multinational corporates. To a question on what would be India's stand on the global tax pact, Pandey said the US exit has added a lot of uncertainty and if the United States is not joining it then such a pact doesn't work out. Pandey, in a post-Budget interaction of Assocham, said the tax deal is a multilateral approach where the US is much integrally needed. "If the US has now said that it is walking out of it, then

Manufacturing PMI rises to 6-month high in Jan on exports and new orders

'Employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was created'

Budget 2025-26: Govt may clarify transfer pricing changes in 3 months

Transfer pricing refers to the actual price charged in transactions between related entities within the same multinational firm

India's pace of debt reduction remains gradual, says Fitch Ratings

The rating agency expressed confidence in India's ability to stick to its medium-term fiscal framework and keep debt firmly on a downward path

Record tax cuts in Budget to spur consumption, says CEA Nageswaran

In the Economic Survey last week, Nageswaran said that Asia's third-largest economy is expected to expand at a modest clip of 6.3 per cent-6.8 per cent in the coming fiscal year

Almost all of govt borrowing going for asset creation: FM Sitharaman

Sitharaman spoke on issues ranging from the theme of the Budget to income tax relief and challenging geopolitical environment