Page 60 - Indian Economy

Fiscal policy reset needed, especially after a difficult Covid phase

Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis

Union Budget 2024-25: Here are the key challenges in retail sector

Digital transformation needs to have zero tolerance on consumer data breaches

Farmers in India face income decline amid rising costs: Madhura Swaminathan

The professor advocated for raising subsidies to support a diversified food basket, necessary for achieving a balanced diet for the Indian population

The real challenge of Viksit Bharat@2047

The primary hurdle of the 2047 development goal lies in job creation for surplus agricultural workers and fresh workforce entrants

Statsguru: Six charts explain increasing defence production in India

The rise in exports comes even as India remains among the world's biggest arms importers, with others such as Saudi Arabia and Qatar topping the list between 2018 and 2023

Growth or decline? Understanding non-agricultural informal enterprises

Efforts at providing robust data for unorganised sector, which plays an important role in livelihood and survival of the poor, has so far been half-hearted, producing no comparable evidence over time

Budget 2024-25: Here are key challenges in artificial intelligence infra

Increased funding for AI research through a greater thrust on R&D, such as academic institutions, innovation centres, and a thriving startup ecosystem

Commercial banks in India step up their control to check 'mule' fraud

0.5-1% of new accounts opened by mules

More instructions on FTA-COO for claiming exemptions

For availing exemptions under FTAs, the importers have to obtain certificates of origin (COO) from the sellers

Fintechs' lending biz is growing but industry must mind the warning signals

FY24 sees record loan surge and customer growth

Costs & time overruns in infrastructure

Working within the same legal, social, political, and governance system, delays and cost overruns are only going to increase manifold

HM Amit Shah reviews implementation of 'Vibrant Villages Programme'

As per the MHA, Shah also focussed that the residents of the nearby villages should get the benefit of healthcare facilities available for the Army and CAPFs

India can be world's second-largest economy by 2031: RBI DG Patra

Evidence of households switching to physical assets; FY26 average inflation seen at 4.1%

India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani

The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have to be dealt with. "Indian economy will grow at 7 per cent plus minus point 0.5 per cent... I expect that we are on track to grow at 7 per cent for several years from today," he told PTI in an interview. Last month, the Reserve Bank of India (RBI) pegged the FY25 gross domestic product (GDP) growth rate at 7.2 per cent. Responding to a question on the decline in private consumption expenditures in the last fiscal year, Virmani said it is actually recovering now. "The effect of the pandemic was to draw down savings... and very different from previous financial shocks," he said. Explaining further, Virmani said it is like what he calls a double drought situation. "We also had, of course, El Nino last year, but what the

Union Budget 2024-25: Here are the key challenges in the telecom sector

Sector experiencing financial stress due to debt burdens and low average revenue per user

Ballots to Budget: Taxpectations from Union Budget 2024

Economists predict a potential populist shift through a surge in welfare initiatives, write Sandeep Puri and Jitendra Jain

Under the hood

On the surface, India's economy seems to be cruising along, but it is on the commonplace road to prosperity failure

Centre should have state-specific approach for development: Kerala FM

Seeking more funds to tide over the state's financial woes, Kerala Finance Minister K N Balagopal on Sunday said the Centre should have a state-specific rather than a uniform financial approach towards states as each of them has different kinds of developmental activities. Balagopal, part of the CPI(M)-led Left Democratic Front (LDF) which is in power for the second consecutive term in the southern state, emphasised that monolithic thinking about overall development is not practical and also called for flexibility in utilisation of Centrally Sponsored Schemes (CSS) depending on the requirements of the state. Flagging serious concerns about reduced central fund transfers and borrowing restrictions, Kerala has demanded a special package of Rs 24,000 crore in the upcoming Union Budget to tackle the liquidity stress. "A monolithic thinking about the total development and administration of the country is not practical in India because different states should be considered differently, ..

Budget Watch: What path will the finance minister take in Budget 2024?

It will be interesting to see the path the FM opts for in the Budget and how she strikes a balance between the govt's political compulsions and economy's medium-term needs

Economic vision and not stimulus in Modi 3.0 Budget: Goldman Sachs

The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25