India’s manufacturing PMI eases to three-month low in August at 57.5
Manufacturing activity in India stood at 57.5 in August, which is below July’s reading of 58.1, but above the long-run average of 54.
GST collections surge 10% to Rs 1.75 lakh crore in August on robust growth in domestic revenue, imports
In August 2024, domestic revenue grew 9.2 percent to about Rs 1.25 lakh crore. Gross GST revenues from import of goods were up 12.1 percent to Rs 49,976 crore.
India has trade surplus with 151 nations; deficit with 75 during Jan-June: Thinktank report
According to the report, India exported $8.5 billion to China while importing $50.4 billion, resulting in a trade deficit of $41.9 billion. This low export and high import make China India’s largest trade deficit partner.
FMCG manufacturers hoping for demand revival in H2FY25 on monsoon revival
With the monsoon now well distributed, manufacturers are expecting better harvests and, consequently, higher rural income.
GDP slowdown in Q1 due to lower govt spending, says RBI Governor; asserts India’s growth story intact
Only two aspects have pulled the growth rate slightly down. Those are government (both central and state) expenditure and agriculture, Das pointed out. The agriculture sector has recorded a minimal gr
India's economy on track for 7% growth despite first-quarter slowdown
Indicating an improvement in growth parameters, private final consumption expenditure also seems to be on the rise.
Slight slowdown in economy was anticipated due to elections and less spending: CEA Nageswaran
Addressing a press conference on August 30 evening, Nageswaran said that growth on supply side like manufacturing remains in expansionary mode with double-digit growth visible in steel consumption. He
India GDP growth: Economy grew at 6.7% in April-June quarter in FY25, lower than 8.2% in FY24
This figure reflects a deceleration from the 7.8% growth seen in the previous quarter of FY24 and 8.2% in the corresponding period last year.
'We also acquire leverage against China': 16th Finance Commission head Arvind Panagariya makes strong case for allowing Chinese investments
Panagariya, talking about India's economic output, dismissed fears of India falling into a middle-income trap, predicting that the country could sustain growth rates of over 7% if it avoids past economic mistakes.
How have India and Bangladesh, two of the fastest-growing economies, performed in the last two decades?
In 2024, the size of India’s GDP at current prices is $3.94 trillion, which is nearly nine times larger than that of Bangladesh, valued at $455 billion
RBI's Deputy Governor T. Rabi Sankar challenges fintechs: Prove your maturity or get left behind
"As the industry gains experience and gradually establishes itself alongside traditional financial firms, it must increasingly demonstrate the same level of maturity that these traditional firms show," he said.
73% of Indian employers hired during Q2 2024, a 7% rise from Q1: Report
Sales (30%) and marketing (23%) have emerged as key sectors that recruited during the period
Execution-only trading apps surge in India: Here's how you can steer clear of frauds and pitfalls
Execution-only platform apps are gaining popularity in India. But navigating them-amid potential frauds and platform errors-can be tricky - Issue Date: Sep 01, 2024
Moody's raises India’s 2024 GDP growth forecast to 7.2% in 2024, 6.8% in 2025
In July, Moody's kept India's economic growth forecast for calendar year 2024 unchanged at 6.8%, while predicting a 6.5% growth for 2025.
How have the world’s Top 10 economies performed in the last 10 years?
India is the biggest success story. With a GDP of $2 trillion in 2014, it nearly doubled its economy over ten years, reaching $3.9 trillion by 2024 with a 93.1% growth.
10 years of Pradhan Mantri Jan Dhan Yojana: 57% account holders are women
Of the 531.3 million accounts opened in 10 years under the scheme, women account holders comprise 295.6 million
DMK MP S Jagathrakshakan slapped with Rs 908 crore fine for FEMA violations
The agency said that the investigation into the case also resulted in the seizure of various movable and immovable properties worth Rs 89.19 crore.
FSSAI withdraws advisory on removal of claims of A1, A2 milk from packaging
A1, A2 milk claims on packaging: FSSAI said that they will have further consultation and engagement with stakeholders over the matter.
Q1FY25 GDP expected at 7.1%, manufacturing GVA to be lower, agri growth revival on cards: SBI ecowrap
The dip in manufacturing gross value added is attributed to the indicators of corporate performance in Q1 of financial year 2024-25, which points to moderation in sales growth of manufacturing companies in both nominal and real terms.
GDP growth seen to moderate to less than 7% in Q1
Lower government spending, base effect seen as the reason behind the moderate to less GDP growth in Q1.
‘UPS worse than NPS’: AAP’s Sanjay Singh calls pension scheme a scam
Unified Pension Scheme: "If you are saying that UPS is similar to OPS then bring back OPS," said AAP's Sanjay Singh.
How have the economies of India and China performed in the last two decades?
In 1980, India had a per capita income of $582, which was nearly 2 times of Chinese per capita GDP of $307.
EPFO gross new members addition dips to 10.24 mn in June 2024: Mospi
According to the report 'Payroll Reporting in India: An Employment Perspective June 2024', the Employees' Provident Fund Organisation (EPFO) recorded 1,09,93,119 gross addition of new m
GST relief for Infosys, foreign airlines and shipping lines? Report claims Centre weighing changes
The reconstituted GoM on GST rate rationalisation held its first meeting on Thursday. West Bengal FM Chandrima Bhattacharya stated that she has requested a reduction in the 18% GST rate on life and health insurance premiums.
RBI MPC Minutes: Food inflation pressures showing little signs of abatement in near term, central bank observes
On future indicators, the RBI noted that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage, but the uncertainty is still there