Page 83 - Indian Economy

Interim Budget 2024-25: 'Commitment to fiscal prudence and growth'

India has emerged as one of the most preferred destinations for global investors

Interim Budget: A path of fiscal prudence towards Viksit Bharat by 2047

The government has outlined a vision for Viksit Bharat by 2047, with GDP being given a new connotation of 'Governance, Development and Performance'

No adverse policy changes in the interim budget was a boon: Rahul Arora

The focus on fiscal consolidation led by moderation in government capex aims to reduce the risk of the government crowding out the private sector

This budget will take India closer to being third-largest economy: Gadkari

Last year in December, Prime Minister Narendra Modi promised to make India the third-largest economy in the world in his third consecutive term

Best of BS Opinion: The post-May 2024 dilemma, measuring corruption & more

Here is the best of Business Standard's opinion pieces for today

The post-May 2024 dilemma

Even if we have a majority government, economic performance will be sub-optimal without political consensus on reforms

RBI's digital payments index jumps to 418.77 in Sept from 395.57 in Mar

RBI's Digital Payments Index comprises five broad parameters that measure the penetration of digital payments in the country over different time periods

Retail inflation for industrial workers eases marginally to 4.91% in Dec

Retail inflation for industrial workers eased marginally to 4.91 per cent in December from 4.98 per cent in November 2023, mainly due to lower prices of certain food items. "Food inflation stood at 8.18 per cent (in December 2023) against 7.95 per cent of the previous month (November 2023) and 4.10 per cent during the corresponding month (of December 2022) a year ago," a labour ministry statement said. According to the statement, the year-on-year inflation for the month (December 2023) stood at 4.91 per cent compared to 4.98 per cent in the previous month (November 2023) and 5.50 per cent (December 2022) in the year-ago period. The All-India Consumer Price Index for Industrial Workers (CPI-IW) for December 2023 decreased by 0.3 points and stood at 138.8 points. It was 139.1 in November last year. On one-month percentage change, it decreased by 0.22 per cent with respect to the previous month compared to a contraction of 0.15 per cent a year ago. The maximum downward pressure in th

Govt spending must pursue evidence-based policy for best outcomes

It's important to see the quality of spending and missing gaps in resource provision

IMF raises India's GDP growth projection for FY25 by 20 bps to 6.5%

But estimate falls below FinMin's 7% projection

Arabian Sea likely to become 'high risk area' again, says PortsMin

Wrote to MEA, DefMin; traders may have to shell out higher freight, insurance costs

Economic prospects

Interventions needed to support long-term growth

Wheels India Q3 results: Net profit at Rs 12.58 cr amid low-demand

Wheels India, a company manufacturing wheels for trucks and passenger vehicles, has registered a net profit of Rs 12.58 crore for the October-December 2023 quarter, attributing it to the impact of low-demand tractor and mining wheel segments, the company said on Tuesday. The Chennai-headquartered company registered a net profit of Rs 15.36 crore during the corresponding quarter of the last financial year. Revenues during the quarter under review grew to Rs 1,131 crore driven by a strong recovery in exports, as compared to Rs 1,018 crore registered in the same period of last year. Export revenues stood at Rs 307 crore for the quarter under review as compared to Rs 205 crore recorded in the corresponding quarter of last year. "The profits in Q3 were impacted by low demand in the tractor and mining wheel segments and by the floods that affected our Padi plant in the first week of December 2023. There was no power for a week at the plant and we were not able to run it to full capacity i

Steel imports hit five-year high in April-December amid soaring demand

India's steel demand is likely to stay strong as the government expects economic growth will outpace the global economy in the next fiscal year

Interim Budget 2024: Some key imperatives that are need for the economy

Simplifying taxes would help businesses navigating turbulent times, writes Ketan Dalal

Indian economy is 'looking like a wow': Birla

India is striding forward with unwavering optimism even as large pockets of the world remain engulfed in pessimism, Birla added

FY25 likely to see 7% growth: Finance ministry ahead of Interim Budget

Review report flags elevated risk of geopolitical conflicts only area of concern

Use of tech a common thread in reforms undertaken in 9 yrs: Economy review

The report states that a common thread through all the reforms undertaken during the last nine years has been the use of technology and digital platforms

Policy consistency needed to expand production choices for farmers: FinMin

Innovation, tech needed for nutritious food basket

Adani Group central to India's economic ambitions, says US-based analyst

Billionaire Gautam Adani's sprawling conglomerate is core to India's ambitions to become the world's third-largest economy by 2030, as it plays a key role across the infrastructure sector, US-based Cantor Fitzgerald & Co said in a note. Adani Enterprises Ltd, the group's flagship company, can deliver a gain of more than 50 per cent, analysts Brett Knoblauch and Thomas Shinske wrote in a note dated January 28, initiating coverage of the company. "India is now the most populous country in the world and has ambitions to be the world's third-largest economy by 2030. To get there, India needs to invest in both digital and physical infrastructure, in addition to increasing its energy production, as energy consumption will be meaningfully higher," the US-based broker said. These investments, it said, are paramount for India to drive productivity growth, as GDP per capita of USD 2,250 is meaningfully below that of China (USD 12,556). "Adani Enterprises Ltd is at the core of everything ...