New Delhi: The Indian economy likely grew 6.7% in the July-September quarter, according to a median forecast of 10 economists polled by ET, boosted by a strong performance by the services sector. The Reserve Bank of India (RBI) has forecast 6.5% growth in the quarter. Robust manufacturing and construction activity also likely contributed to growth …
The stellar growth in GDP in the first quarter also translated into better employment numbers for the economy, according to a government survey released on Monday. The unemployment rate in urban areas for people aged 15 years and above declined to 6.6% in the April-June quarter compared with 6.8% in the previous quarter and 7.6% …
The world is at India’s doorsteps. With an economy that is outperforming the rest of the world, a young workforce that outnumbers the rest, and a rapid digital transformation that outshines the rest, India is a ray of light amidst the economic uncertainties elsewhere. The task now is to raise the bar so India can …