Page 40 - Indian Economy

Budget session to commence today; FM to present Economic Survey at noon

The first part of the Budget session will continue till February 13 and the two Houses will again meet on March 10 after recess with the session concluding on April 4

Demand for affordable housing strong despite supply challenges: Experts

In India, today, 95 per cent of housing loan requirements come from economically weaker sections (EWS) and low-income groups (LIG) who can't afford a house

Budget: Govt faces choice between economic stimulus and structural reforms

The former could take the form of a tax cut, while the latter could involve a stimulus targeted at specific segments of the economy, particularly those linked to employment generation

Unincorporated manufacturing jobs stay below 2010-11 level, shows NSO data

Data showed that the manufacturing sector employed nearly 33.7 million workers in 2023-24, compared to 34.9 million workers in 2010-11

Decentralisation of industries, rural employment key priorities: CM Majhi

Our government is committed to making Odisha one of the most business-friendly states in India. We have a single-window clearance system for investors, said CM Majhi

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