When there are whispers and murmurs in some corridors about the need for re-evaluating the inflation targeting framework component, or tinkering with the yardstick of price pressures measurement, the message from the central bank governor was unequivocal: Don’t tamper. Apart from conveying his determination to bring inflation down to 4% as mandated by law, governor … Read more
The Indian corporate sector has reported significant financial growth in recent years, yet this prosperity has not translated into proportional increases in job creation or employee compensation, according to the Economic Survey for 2023-24. Financial Performance vs. Hiring Trends The Economic Survey highlights that the corporate sector’s profits have surged, with over 33,000 companies showing … Read more
If Indians don’t lose weight, they can forget about becoming a developed economy, a long-term goal set by the government. It”s widely argued that it is the Indian economy’s moment to shine because it has a big demographic dividend, and a large population of youth which can turn into a huge productivity boost, especially when … Read more
Farmers ride on a cart loaded with grass in a village on the outskirts of Jalandhar, Punjab on January 31, 2023. According the Economic Survey, the performance of the agriculture and allied sector had been buoyant over the past several years due to the measures taken by Centre to augment crop and livestock productivity | … Read more
India has the potential to grow at 6.5-7 per cent and will become a USD 5 trillion economy by 2025-26 and USD 7 trillion by 2030 depending on exchange rate fluctuation, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Indian economy is estimated to touch USD 3.5 trillion mark by March 2023. “Ultimately, … Read more
Global economic factors such as inflationary pressures, monetary tightening by central banks, and recessionary fears in advanced economies exerted pressure on FPIs to sell in Indian markets, Economic Survey 2022-23 said on Tuesday. In addition, investors were sitting on gains from Indian stocks that could be realised to offset losses elsewhere, the survey noted. These … Read more
The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 % from 6.8% during the current fiscal ending March 31. “Our growth projections actually for India are unchanged from our October Outlook. We have 6.8% growth for this current … Read more
Overall economic activity has recovered to pre-pandemic levels & economy is well-poised for FY23, the survey says. Demand weakness, full recovery in exports, government consumption and gross fixed capital formation. Private consumption still struggling because of the impact of the pandemic Among sectors, services trade, hotels, transport, and communication are still below pre-pandemic levels. Agencies … Read more
The agriculture credit flow for the year 2020-21 stood at Rs 15,75,398 crore against the target of Rs 15,00,000 crore for the year, said The Economic Survey 2022-23. The agriculture credit flow target for 2021-22 has been fixed at Rs 16,50,000 crore, it added. Till September 30, 2021 a sum of Rs 7,36,589.05 crore has … Read more
About 86 per cent of fund has been allocated for demand incentive so as to create demand for electric vehicles (EVs) in the country, it added. As many as 96 cities across the country have witnessed an improvement in the air quality with the government taking a host of measures, including steps to curtail vehicular … Read more