Page 59 - Indian Economy

Eco Survey on cap goods: Potential expansions in industrial capacities seen

The report also anticipated the UAE could become a hub for sourcing India's capital goods and intermediates for further value-added exports to other African and European destinations

Economic Survey calls upon India Inc to step up hiring, compensation

"It is worth reiterating that job creation happens mainly in the private sector," the survey released on Monday said

Indian economy expected to grow 6.5-7% in 2024-25: Economic Survey

The predictions being lower than RBI's 7.2 per cent, Survey said it was 'cognizant' of the fact that 'market expectations are on the higher side'

Street Signs: Rural-focused themes in focus, Block deals slow, and more

After record share purchases in recent months, mutual funds (MFs) have eased off the buying pedal

Benefits of the domestic 'silk route'

Creating a market for the byproducts of sericulture would hugely benefit silk farmers, as also other stakeholders in the silk sector

The questions for policymakers

What is the state of the economy, and the implications for policy?

Economy booms, pvt sector continues to expand, but youth chases govt jobs

Since 2014, India's GDP has grown from $2 trillion to near $3.5 trillion in fiscal 2023-24 (April-March) and is expected to expand 7.2 per cent in the current year

Rs 35K cr electronic parts PLI plan afoot to give sub-assemblies a leg up

Under the scheme, identified sub-assemblies include camera modules, display assemblies, mechanical parts, battery packs, battery chargers, and vibrators

Govt sets up 22-member panel for base year revision of price indices

Besides, the panel is also slated to examine schemes prepared by the central and state governments for the construction of the price indices

From T V Somanathan to Vivek Joshi, meet FM Sitharaman's Budget team

The July 23 Budget, coming after the general elections, would be watched for coalition compulsions, electoral lessons

Budget for agri research needs to be doubled to widen impact: Paper

Eminent agriculture economist Ashok Gulati is the chief editor of the bulletin which comprises of chapters written by various experts

Reliance Retail profit flat in Q1, Ebitda grows on store expansion

Company adds 331 new stores and records footfall at 296 million across formats, up 18.9%

Global tech outage: 10 banks, NBFCs witness minor disruptions, says RBI

Overall Indian financial sector remained insulated from the global outage

Budget 2024: Defining trajectory pathways for Viksit Bharat@2047

Competitive federalism can install accelerators in key sectors

With growth steady, policy must focus on inflation: RBI Governor Das

Reserve Bank Governor Shaktikanta Das on Friday said the monetary policy has to be "clearly and unambiguously" focused on inflation in an environment like the current one, where growth is steady. Amid a debate around neutral rates, Das said "theoretical and abstract concepts" as arrived at are based on a person's judgment and cannot determine the policy in the real world. It can be noted that the RBI has been steadfastly maintaining the status quo on interest rates, and there is increasing dissent among some members of the rate-setting panel who are in favour of rate cuts to promote economic growth lately. Replying to those who flag the impact on growth because of the elevated interest rates, Das said that the growth has been robust even with the current interest rates and added that RBI is optimistic that its 7.2 per cent real GDP expansion estimate for FY25 is being achieved. Moreover, the nowcast team is pointing towards a 7.4 per cent growth in the June quarter as against the .

Shrinking informal economy: Sign of formalisation or growing hardship?

The 2022-23 Annual Survey of Unincorporated Sector Enterprises shows a grim employment situation in the non-farm informal sector

Fiscal consolidation

Both Centre and states need to reduce deficit

India's fintech industry projected to reach $420 bn by 2029 at CAGR of 31%

The Indian fintech industry is estimated to be around USD 110 billion in 2024 and its projected to reach about USD 420 billion by 2029, Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director, National Payments Corporation of India, said. The sector, he said, is expected to continue to grow due to factors like favourable policies of the government. The government's push towards a digital economy, coupled with a young and tech-savvy population, is likely to propel the fintech sector to new heights, he added. "As of 2024, Indian FinTech Industry is estimated to be around USD 110 billion and by 2029, it is projected to reach an impressive number of around 420 billion at a cumulative annual growth rate of 31 per cent," industry chamber Assocham said in a statement, quoting Choudhary. It said the advent of the fintech ecosystem, driven by technology-linked innovation, has revolutionised traditional financial services and led to improvement in the efficiency of delivery of

PM Modi's new govt spending plans to remain in line with early projections

A modest expenditure plan could give an extra fillip to India's bond market, where benchmark yields are edging toward a 2-year low

Fintech Budget wishlist: Simplified tax structures, regulatory clarity

Fintech players have called for a lower TDS for startups to ease working capital challenges