Page 67 - Indian Economy

India's GDP growth in Q4 likely slowed to at least a four-quarter low

NSO to release Q4 growth numbers, FY24 provisional estimates on Friday

Limited interest, low recoveries: Prepack insolvency scheme in slow lane

In 2021 when the country was reeling from the Covid-19 pandemic, the government promulgated an ordinance and amended the insolvency law to help MSMEs avoid bankruptcy

Critical, strategic mineral auctions hit a roadblock: Why the delay?

A Ministry of Mines order dated May 21 announced that the deadline for the 25 critical mineral blocks listed in the second and third rounds has been postponed from June 11 and June 28 to July 18

Statsguru: Rising summer temperatures push power demand in India

Increased use of cooling equipment during heatwaves is said to be a key reason, although only around a quarter of households own air conditioners or air coolers in India

Indian startup ecosystem is mature, set to bolster economy: AWS' Raghavan

The Indian startup ecosystem is mature, with multiple tailwinds that are poised to escalate India to become the third largest economy in the world, said AWS' Kumara Raghavan. In a conversation with PTI, Raghavan, Head, Startups, Amazon Web Services (AWS) India, and South Asia, discussed the vibrant Indian startup scene, noting its strength and innovation potential. "We are the 5th largest economy, we are trending towards becoming the 3rd largest... factors that will contribute to it are labor addition, infrastructure growth, and efficiency improvements, where technologies like GenAI will play their part, a large developer ecosystem, the ability to build products in the country and serviced all over the world, then there are regulatory tailwinds as well," he said. Raghavan lauded the maturity of the Indian startup ecosystem, noting the significant contributions of experienced founders who have embarked on multiple entrepreneurial ventures. "We are the third largest startup ecosystem

After strong FY24, economic growth momentum to stay in Q1FY25: FinMin

Industrial activity gaining momentum with improved capacity utilisation

99.9% would pay no inheritance tax if bar set at Rs 10 crore: Study

World Inequality Lab says tax gains could raise health, education expenditure

US Treasuries behind RBI's Rs 2.1 trillion bumper surplus to Centre

Dollar sale also helped; Such high surplus likely to be one-off

ILO to hold talks to add framework for workforce protection in care economy

Member countries, including India, are expected to develop their national policies for promotion of care workers in line with international standards

Indian firms' external commercial borrowing registration up 84% in FY24

Value doubles to $49.2 bn as firms raise capital for modernisation projects and infrastructure development

Road transport fleet operators' revenue to grow by 9-11% in FY25: CRISIL

The agency expects operating margins of fleet operators to increase by 75-100 basis points (bps) in the ongoing fiscal year

Windfall for govt as RBI transfers record Rs 2.1 trillion for FY24

Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%

Financialisation of household savings can fund private capex: Goldman Sachs

The report titled 'Changing Contours of Indian Household Savings' notes that within financial savings, allocations are shifting from banks to non-banks, especially into retirement savings

Net FDI declines by 62% to $10.5 billion in FY24, shows RBI data

Lowest in over a decade; Gross FDI stable at $71 bn

Why is India a developing, not developed nation? Amitabh Kant answers

Former Chief Executive of NITI Aayog Amitabh Kant's comments coincide with a recent forecast by global brokerage Jefferies that predicted India's GDP to hit $5 trillion in the next four years

Inflation seen closer to target in FY26: RBI's state of the economy report

RBI has projected consumer price index (CPI) inflation of 4.5 per cent in FY25, with Q1 at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent

Outward remittances under LRS hit new high of $31.73 bn: RBI data

The remittances have seen a continuous increase in the last 10 years owing to improved per capita income in the country

Good food journey: How India can build on gains from the year of millets

Year of millets over, we need to dedicate a decade to these grains to build on the gains of 2023

A better way to fix MGNREGS

The problems of the rural job scheme should be tackled through stricter monitoring, not by burden-sharing

Ratings and reforms

Fiscal position should be improved with sustained growth