Page 76 - Indian Economy

New-age, standardised courses in skill ministry's first 100-day plan

The new-age courses being planned may prominently feature in the fields of sunrise sectors, such as green technologies, fitness, wellness, hospitality and healthcare

Analysing economic progress of states through budgets & advance estimates

Several states have come out with the Budgets for 2024-25 and hence advance estimates. Let us use them to analyse the economic performance or outlook of some of those states

India bright on global players's radar, optimistic on future: Falguni Nayar

India is beeping on the radar of global players with strong drivers like young, aspiring population, rising income levels, and resilient infrastructure and digital networks, Nykaa founder and CEO Falguni Nayar said on Monday, adding she is extremely "optimistic" and "confident" about the future. In an exclusive interview with PTI, the self-made billionaire also said the recent instances of corporate governance lapses in some well-known startups will lead to greater scrutiny by investors (in the ecosystem), and asserted that governance agenda has to be set out very early in an entrepreneurial journey. Any compromise on governance just because a company is growing or chasing size and scale cannot be justified, she emphasised. Nykaa, she added, has been very strong on governance. Nayar - the top boss at omnichannel beauty and fashion retailer Nykaa - said her entrepreneurial journey - which started at the age of almost 50 - has been "amazing" and advised aspiring entrepreneurs to be .

India unlikely to match China's past 8-10% growth: Morgan Stanley

Even so, Morgan Stanley remains upbeat about India's prospects, and said in a recent report that the current expansion resembles that of the mid-2000s boom, fueled by rising investment

ANZ CEO aims to expand presence in India, China as customer focus shifts

In its home market of Australia, Elliott struck a more hawkish tone than that of the bank's economists on the outlook for interest rates

India will become third top economy in few years, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said India currently needs economic freedom to achieve developed nation status by 2047 and assured that the country would move to the third spot in world economy from the current fifth position in the near future. Criticising those who compared India with China, Sitharaman said that certain things could not be replicated from them. "India should attain self sufficiency on economic matters. It should become an economic power. The country has come from 10th position to 5th in global rankings and a few years down the line we will achieve the third spot", Sitharaman said, after unveiling a bust of Mahatma Gandhi at Shrimati Indira Gandhi College here. Appealing to the students gathered at the venue to contribute to the progress of the nation, she said, "It is through the efforts of students like you that our country will become a developed nation by 2047." Referring to people talking about how China has progressed and comparisons wi

Cong guarantees comprehensive social, economic and caste census: Kharge

Ahead of the Lok Sabha polls, Congress President Mallikarjun Kharge on Saturday promised to pass a constitutional amendment to raise the 50 per cent cap on reservations for SCs, STs and OBCs, and a comprehensive social, economic and caste census. He also assured a comprehensive review of the "anti-worker" labour codes passed by the Narendra Modi government, and to make suitable amendments to strengthen the rights of labour. The promises are part of another five guarantees, each for 'Shramik Nyay' and 'Hissedari Nyay' announced by the party on Saturday. "The Congress Party guarantees a comprehensive social, economic and caste census. Through this, the population, socio-economic condition of all castes and communities, their share in national wealth and their representation in institutions related to governance will be surveyed," Kharge said listing out guarantees under 'Hissedari Nyay'. He said this affirmative action policy will bring revolutionary change in the country. "The ...

Nitin Gadkari announces 4 projects across India worth Rs 1,885 crore

These projects are located in Karnataka, Madhya Pradesh, Gujarat and Assam. The development of an existing ropeway has been proposed between Ujjain Railway Station and Mahakaleshwar Temple in MP

Indian startups may add $1 trillion to Indian economy by FY30: CII report

Between 2024 and 2035, the country may see 300 new unicorns, the report said

'India's economy has parallels to 2000s when growth averaged over 8%'

The economists at Morgan Stanley also said the economy appears to have room for even further expansion, given the path for additional capital expenditure - especially from private businesses

Will allow Kerala to borrow Rs 5,000 cr as exceptional measure: Govt to SC

The Centre told the Supreme Court on Wednesday it is ready to allow the Kerala government to borrow Rs 5,000 crore, subject to certain conditions, to deal with the financial issues facing the state as a "very special and exceptional measure". However, the Kerala government said Rs 5,000 crore "does not take us anywhere" and the absolute minimum requirement stood at Rs 10,000 crore. The Centre's statement came a day after a bench of Justices Surya Kant and K V Viswanathan asked it to consider providing a one-time bailout package to Kerala by March 31 to deal with the resource crunch. The apex court was hearing a suit filed by the Kerala government accusing the Union of India of interfering in the exercise of its "exclusive, autonomous and plenary powers" to regulate the state's finances by imposing a ceiling on borrowing. "However, giving utmost consideration to the suggestion of the court, as a very special and exceptional measure, not to be used or cited as a precedent by any othe

Economy may grow by over 7% for 4th year running in FY25: CEA Nageswaran

Sustaining high growth over long periods rare, country has seen only short bursts of high growth

Costlier food keeps retail inflation elevated in Feb; Jan IIP growth eases

Madan Sabnavis, chief economist, Bank of Baroda, said inflation in February was purely a food-driven phenomenon, which would continue to pressure prices in the coming months

'Our estimates & those on Tendulkar formula show poverty fall over 12 yrs'

The rate of poverty decline in percentage points was higher in urban areas in the Rangarajan-Dev estimates over this period than in SBI research

Surviving airbenders are trying to get wind energy back to its past glory

Between 2012 and 2016, tax benefits and incentive schemes for wind energy witnessed mercurial changes

Key emerging market economies see rising inflation trend, shows data

China recorded an inflation figure of 0.7 per cent in February, its first increase after experiencing deflation months

CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%

Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024

India could be in upper-middle income category over FY33-FY36: Ind-Ra

The rating agency reported that India would reach to a $15 trillion economy over financial years 2043-2047

Govt ups MSP for raw jute by Rs 285 to Rs 5,335 per quintal for FY25

The government on Thursday approved a Rs 10,037-crore new industrial development scheme, UNNATI, for northeast states. The Union Cabinet in a meeting approved the Uttar Poorva Transformative Industrialization Scheme, 2024, here, an official release said . The central sector scheme has been announced for the development of industries and employment generation in the states of North East Region. The scheme's main objective is to generate gainful employment, which will lead to the area's overall socio-economic development. The scheme will create productive economic activity in the manufacturing and service sectors. Under the scheme, incentives would be provided to investors for setting up new units or undertaking significant expansion of the existing units. The scheme will be effective from the date of notification and up to March 31, 2034, along with eight years of committed liabilities.

Feb consumer price inflation forecast to edge down to 4-month low: Poll

Rises in food prices, which make up almost half of the consumer price index (CPI) basket and experience sharp swings often due to uneven monsoons, have recently outpaced overall inflation