New Delhi: The government is not at a “standstill” just because elections are coming up but is “super active” as it works on turning India into a developed, $35 trillion economy by 2047, commerce and industry minister Piyush Goyal said Friday. The theme of the upcoming general election is Viksit Bharat with a focus on …
Nothing succeeds like success. Money begets money. These two sayings sum up the Indian story. It has been a dream run! India has been the best-performing large market in the world for the past 25 years, even in US Dollar terms. The only index with returns close to India is the Nasdaq, a higher-risk index …
Robust domestic demand and strong growth in the manufacturing and services sector will help sustain growth in India in 2024 despite global headwinds, the UN said Friday. In its World Economic Situation and Prospects 2024 report, the UN projected the Indian economy to grow 6.2% in 2024, slightly lower than the 6.3% estimated for 2023. …
Mumbai: The chief economic advisor V Anantha Nageswaran does not see the likely jump in oil prices due to global factors, including global slowdown and geo-political conflicts, impacting the domestic economy in a major manner next fiscal. Addressing the SBI-organised economic conclave here on Thursday, he based his optimism on the assumption that cooling off …
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 …