Page 38 - Indian Economy

Centre launches occupational shortage index to boost job opportunities

Additionally, the ministry launched the multilingual e-Shram microsite facility to ensure that unorganised workers have seamless access to both state and central government welfare programmes

PM Modi may tackle economic slowdown, trade turmoil in upcoming Budget

Economists expect measures to raise disposable incomes and tariff cuts to encourage local manufacturing

From Tuhin Kanta Pandey to Ajay Seth, meet FM Sitharaman's Budget team

Except for the economic affairs secretary and chief economic adviser, Sitharaman will have a new team of bureaucrats who will help her chart the strategy for the upcoming budget

Govt shifts focus from privatisation to investing billions in ailing PSUs

Political pressure on Modi have increased after he came back to power only with help of regional allies, making it difficult to overcome opposition to privatisation by employee unions fearing job loss

A sagging India story: Budget 2025 aims to revive flagging momentum

Overenthusiasm about India was so 2024

Statsguru: India does not collect more taxes than its peers, data shows

India has lower govt revenues than peers

Tableau like Lakhpati Didi highlights India's progress at R-Day parade

Tableaux from various states, union territories and Central Ministries, rolled down the Kartavya Path, mesmerising the audience with their designs, decorations, and themes

Middle class & Modi love: Navigating tax burdens and political strategies

The Indian middle class seethes at the growing phenomenon of political parties taking their tax money and showering benefits on the more numerous poorer classes to buy their votes

Gujarat aims to contribute 10% to India's GDP: IAS Officer Mona Khandhar

''We are aligned with the mission of Viksit Bharat...,'' she said

Budget 2025: Why scrapping home loan tax benefits could hurt the common man

The socio-economic implications of scrapping the old tax regime for India's real estate sector - currently valued at $493 billion and contributing 7.3 per cent to GDP - deserve careful scrutiny

India among top 3 least favoured Asian stock market amid multiple headwinds

Global fund managers overall expect less than 5 per cent return from Asia stocks (excluding Japan) in a year, according to BofA Securities

HDFC Bank to increase growth as macroeconomic environment improves

The bank's average deposits grew by nearly 16 per cent Y-o-Y to Rs 24.54 trillion in the December 2024 quarter

India eyes bigger slice of US energy supplies, says Hardeep Singh Puri

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, highlighted the stability of the global oil market, supported by increased supplies from the US, Brazil, Guyana, Suriname, and Canada

Unlocking potential: India's path to a robust petrochemical industry

With a market size of $220 billion, the Indian chemicals and petrochemicals sector contributes about 6 per cent to the GDP and provides employment to over 5 million people

Indian economy projected to grow in range of 6.5-6.8% in FY25: Deloitte

Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8 per cent in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth. In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential. Despite global and domestic challenges, India is moving up the global value chains, as highlighted by the rising share of high-value manufacturing exports, particularly in electronics and machinery and equipment. Deloitte India, in its latest Economic Outlook, has revised its annual GDP growth projection for FY2024-25 to 6.5-6.8 per cent, with expectations for 6.7-7.3 per cent in the following year. The adjustment reflects the need for cautious optimism as the economy navigates rising global trade and investment uncertainties. In its Economic Outlook report in October, Deloitte India had projected the country's

India may account for 16% of global consumption by 2050: World Data Lab

Only North America, with a 17 per cent share in 2050, will have a higher consumption share

Pay commissions called for reforms in services, but little happened

While the larger issue of reforms in the civil services has hardly ever been acted upon, except the Sixth Pay Commission others have been prudent in offering wage growth

Bad economics is corrupting politics, undermining good governance in India

Economic reformers should not remain beholden to free-market ideologies, corporate lobbies, or the sentiments of fickle stock markets

India's current economic environment conducive for private investments: CII

India's current economic environment is conducive for private investments with the country emerging as a "bright spot" amid the challenging global environment, according to a CII survey. The pan-India survey is an ongoing initiative, which would be completed for 500 firms by the first week of February. The interim results are based on a sample of 300 firms spread across all industry sizes (Large, Medium and Small). Notably, early results reveal that about 97 per cent of the sample firms are likely to increase employment in both 2024-25 and 2025-26. In fact, 79 per cent of the respondents' firms said that they added more people over the past three years. The CII survey, which was conducted over the past 30 days, suggests that 75 per cent of the respondents believe that the current economic environment is conducive to private investments. "Given that 70 per cent of the firms surveyed said that they would invest in FY'26, an uptick in private investments might be on the cards over th

Must fix lack of jobs, unsettled borders for Viksit Bharat: Army vice chief

Lack of adequate employment opportunities, unsettled borders, and its position in the human development index are some of the weaknesses India needs to address to realise the vision of Viksit Bharat 2047, Vice Chief of the Army Staff Lt General N S Raja Subramani has said. Speaking on the topic of "National Security and Bharat @ 2047 at Surat LitFest 2025 on Friday, Lt Gen Subramani said the India of 2047 should have integrated its response mechanism, resolved its internal problems in Jammu and Kashmir and the Northeast, as well as left-wing extremism (LWE) to ensure social and communal harmony. "Our strengths are our geographical location, youth, stable economic growth, and service sectors Pharma and IT which are progressing. What are our weaknesses? First, environmental change; second, our manufacturing sector is not strong; third, we do not have that many employment opportunities. Our border, whether with China or Pakistan, is not yet developed. We need to improve the human ...