Rural India is undergoing a quiet revolution. Once heavily dependent on agriculture, the rural economy is now being rapidly reshaped by the services sector. A new report by HDFC Securities reveals that 112 rural districts, home to 291 million people, have surpassed the $2,000 per capita income threshold—a milestone that signals growing prosperity and consumer … Read more
Navneet Munot, CEO, HDFC Asset Management, and in conversation with ET Now at the Times Network India Economic Conclave, says there is no reason to believe that the next 30 years would not be as exciting for the market. There would surely be several quarters like this. It is not linear, that is the nature … Read more
Mumbai: Finance minister Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers’ borrowing costs. Speaking at the State Bank of India Economist Conclave, on whether there is a case for a policy rate cut, the FM said “banks’ interest rates will have to be … Read more