Page 78 - Indian Economy

Key India peers see sharper growth in services trade, shows data

India's services exports increased by 14 per cent between the third quarter of 2022 and Q3 of 2023

India's growth should be led by labour-intensive manufacturing: ILO

The report calls for primacy to be given to labour-intensive manufacturing employment to absorb the abundant unskilled labour along with the emerging employment-generating modern manufacturing

India's current account deficit narrowed to 1.2% of GDP in Q3: RBI data

Services exports grew due to rising software exports, business and travel services

India Inc's capex frontier: When will companies start spending big time?

The economy is growing and capital markets are buoyant. A look into why companies aren't spending enough

The state of state budgets

With states expected to push the reforms agenda, a mechanism is needed for assessing their budget data

Govt initiatives, growing investment to create more jobs during decade: CEA

Various initiatives from the government and growing investment are going to create more job opportunities during the decade, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. The last decade of the century was marked by a decline in capital formation in the economy and moderation in credit growth, he said at an event here. "Hopefully, those things are a thing of the past. Non food credit growth is now running close to 20 per cent, balance sheets of companies and banks are in good shape and hiring (is showing improvement)," he said. Quoting 2021-22 data, he said, employment in agriculture declined by 15 lakh, manufacturing and services added 37 lakh jobs each and the construction sector generated 19 lakh jobs, he said. "This trend we hope will continue in the future, as indicated by the robust gross value added growth in manufacturing and construction sectors," he said. Talking about various government initiatives for job creation, Nageswaran said, skill developmen

S&P Global Ratings raises India's GDP growth forecast for FY25 to 6.8%

'India likely to see rate cuts of up to 75 basis points in calendar year 2024'

Rupee expected to regain its lost ground against Dollar in April: BS Poll

India's govt bond inclusion into JP Morgan index to boost $ inflows, say economists

In first critical mineral auction, no bidder for J&K lithium block

The Centre has initiated the auction of 38 critical & strategic minerals to date. The initial tranche included 20 blocks, while the subsequent tranche consisted of 18 blocks

FTA talks with SACU nations on the cards after new govt takes over

The customs union includes South Africa, Namibia, Botswana, Lesotho, and Eswatini

Infrastructure takes centre stage as ministers ready Lok Sabha poll pitch

Energy security, safer travel to form the core of BJP's LS poll promises

Fresh formal job creation slows down in January, shows EPFO data

In January last year, 830,047 subscribers joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

Statsguru: Foreign direct investments decline from pandemic highs

However, this is in line with a global investment slowdown. Developing countries have been most affected, according to international data

RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

The weighted average money market rate closed at 6.77 per cent on Friday, compared to 6.73 per cent on Thursday. The MSF rate currently stands at 6.75 per cent

India-EFTA investment chapter: A new beginning

EFTA governments have committed to promoting investments, and facilitating job creation (as a result of such investment), as well as cooperating on technology collaboration between EFTA and India

Investors, once eager to pump in billions in Indian startups, losing steam

In January and February, India's startups raised about $900 million - a pace that signals another slow year after a six-year low of just $8 billion in 2023, Venture Intelligence data shows

Manufacturing boost propels business activity to 8-month high in March

HSBC Flash India Composite PMI (Purchasing Managers' Index) Output Index rises to 61.3

Sustaining rapid growth is challenging

India's goal of Viksit 2047 requires both luck and clearly outlined plans and policies

India's March business activity ends fiscal year on strong note: PMI

HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6

Banks' asset quality to improve in next six months as economy grows: Survey

FICCI, Indian Banks' Association survey had 23 respondents represent 77% of industry by asset size