Page 40 - Indian Economy

How quality control orders are crippling India's trade competitiveness

India's exporters are already under dire threat from the US. That only makes it more important that they should not be attacked from the domestic side. QCOs must be eliminated immediately

CCI's draft regulations on cost in predatory pricing by dominant firms

CCI has so far acted as a fair and mature regulator, fulfilling its role under the Preamble of the Act

Any policy formulation must factor in uncertainty, says P K Mishra

The 1972-batch IAS officer spoke highly of the government's production-linked incentive (PLI) scheme but stressed the importance of its long-term evaluation

Indians must work hard to achieve a $30 trn economy by 2047: Amitabh Kant

Indians must work hard to achieve the ambitious target of making India a USD 30 trillion economy by 2047, former Niti Aayog CEO Amitabh Kant has said. Joining the ongoing debate on working hours, India's G20 Sherpa said Japan, South Korea and China have achieved economic success through a strong work ethic and suggested that India must cultivate a similar mindset to build a world-class economy. "I strongly believe in hard work. Indians must work hard, whether it's 80 hours or 90 hours a week. If your ambition is to move from a USD 4 trillion to a USD 30 trillion economy, you can't do it through entertainment or by following the views of some film stars," he said while speaking at Business Standard's Manthan summit. Currently, the size of the Indian economy is around USD 4 trillion. "We have made it fashionable to talk about not working hard. Why? India must work hard to deliver projects ahead of time, with world-class excellence, without time and cost overruns," he added. Respondi

Bharat is the fastest-growing global economy in last decade: VP Dhankhar

Vice President Jagdeep Dhankhar on Sunday said the country has seen exponential economic upsurge in the last decade and has become the fastest growing global economy during this period. The Vice President made the statement while delivering the 4th P Parameswaran Memorial Lecture organised here by the Bharatheeya Vichara Kendra. P Parameswaran was one of the senior-most 'pracharaks' of the Rashtriya Swayamsevak Sangh (RSS) and a former leader of the erstwhile Bharatiya Jana Sangh. Dhankhar said that in 1989 when he was an MP and in 1991 when he was a Union Minister, the "atmosphere did not inspire us". "Now our Bharat is brimming with positivity and possibility. It is full of hope and aspirations. All around and all pervasive, we can see an ecosystem of hope and possibility. In the last decade, Bharat has seen an exponential economic upsurge," he said. He further said that the country was the fifth largest global economy and was "on its way to becoming a USD 4 trillion economy ver

India's GDP growth picks up to 6.2% in Q3; FY25 projection now 6.5%

Data released by the Ministry of Statistics and Programme Implementation (Mospi) on Friday showed the economy is expected to grow at 6.5 per cent in FY25, marginally higher than the 6.4 per cent proje

BS Manthan: Bilateralism now topping the agenda, says FM Sitharaman

The global churn and India's reset played out on day one of BS thought summit, with the who's who from government, economy, banking, defence coming together

Key infra sectors growth picks up to 4.6% in January, shows govt data

The key infrastructure sectors' output had expanded by 4.8 per cent in December 2024

Fiscal deficit touches 74.5% of full year target at end-Jan, shows CGA data

In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 11,69,542 crore during the April-January 2024-25 period

India needs 7.8% growth to become high income country, says World Bank

The report comes just hours before India is set to release gross domestic product figures for the last quarter

India's economic recovery likely clouded by global trade risks ahead

The Indian government has already lowered its GDP growth estimate for the current fiscal year through March to 6.4 per cent

Q3 GDP growth seen stronger on improved rural demand, govt spending

In the three months to December, gross domestic product likely expanded by 6.3% from a year earlier, according to a Reuters' poll

BS Manthan: A thought-provoking day-1 of insights on economy, policies

Experts discuss India's growth, global trade shifts, climate action, EVs, defence, and more

Cong asks govt to stand up to US, says tariff removal will destroy economy

Flagging US President Donald Trump's push for reciprocal tariffs, the Congress on Thursday said the Modi government must stand up to the "humiliation" and tell its American counterpart that such moves would not be acceptable to India as they would "destroy" the country's economy. At a press conference here, Congress leader Ajoy Kumar played video snippets from French President Emmanuel Macron's meeting with Trump and also Prime Minister Narendra Modi's meeting with the US president to claim that the Indian PM remained "mum" even when the US president was "speaking ill of India". "We have seen French President Emmanuel Macron correcting Trump in conversation and telling him he is wrong. On the other hand, in front of Narendra Modi, Trump kept speaking ill of India. "He keeps calling India a tariff violator, we will impose reciprocal tariffs, but Narendra Modi remained silent," Kumar said at the presser at the AICC office at 24, Akbar Road. Kumar said Modi calls Trump his best friend

BS annual summit 'Manthan' kicks off today; many renowned voices to attend

The two-day event, coinciding with Business Standard's 50th anniversary year, will bring together some of the most influential voices in government, policy, and industry

RBI's risk weights seen as macro prudential step to support economic growth

This move will free up Rs 40,000 crore capital for banks translating into Rs 4 trillion additional loanable funds

India needs tax buoyancy in range of 1.2-1.5 to achieve 6.5-7% growth: EY

India has to maintain a tax buoyancy in the range of 1.2-1.5 to achieve a growth of 6.5-7 per cent, a EY report said on Wednesday. The report also said that the government may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio from the estimated 12 per cent in FY26 (Budget Estimates) to 14 per cent by FY31. India's fiscal strategy must focus on enhancing tax buoyancy, prudent expenditure management, and continued structural reforms to ensure sustainable growth, EY said. "EY India Chief Policy Advisor D K Srivastava said the FY26 budget strategically balances fiscal consolidation with growth imperatives. "However, for India to achieve a medium-term growth trajectory of 6.5-7.0 per cent and realize its Viksit Bharat vision, it must ensure tax buoyancy remains in the 1.2-1.5 range. This would help create the necessary fiscal room to accelerate infrastructure expansion, enhance social sector spending, and maintain fiscal discipline," Srivastava ...

Principal Secretary to PM PK Mishra to speak at BS Manthan's second edition

The annual Business Standard summit on February 27-28 will feature prominent speakers, including Finance Minister Nirmala Sitharaman and Uday Kotak, founder & director of Kotak Mahindra Bank

Crypto trading booms in India's interiors as job growth, incomes disappoint

Many young Indians are dabbling in crypto trading to supplement their regular income in the world's most populous country where jobs and pay increases have lagged world-beating economic growth

Naming Das as PM's principal secy shows govt's economic focus, say experts

Das' economic experience will help India at a time when the government and central bank are working in tandem to aid the economy's recovery while trying to manage geopolitical challenges