View: India has made it to the launchpad. It still needs a spark

View: India has made it to the launchpad. It still needs a spark

As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more

PMI, GST mopup point to India’s resilient economy in Q4

PMI, GST mopup point to India’s resilient economy in Q4

New Delhi: India’s economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review, Wednesday. NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum. “The markers … Read more

Q3 Results: How did 5 key sectors perform during the quarter?

Q3 Results: How did 5 key sectors perform during the quarter?

As the results for the Oct-Dec quarter are unveiled, insights from management commentaries across various sectors provide valuable indicators of the Indian economy’s health. Businesses serve as the backbone of the economy, and their performance reflects the overall economic landscape. By examining key sectors and their respective performances, we aim to share a comprehensive overview … Read more

The stars are aligned! Why FIIs will have to allocate more money to India

The stars are aligned! Why FIIs will have to allocate more money to India

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 … Read more

Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support

Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support

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. … Read more

Modi vows to ‘make India the third largest economic superpower in the world’ in his third term

Modi vows to ‘make India the third largest economic superpower in the world’ in his third term

Prime Minister Narendra Modi addresses during the foundation stone laying and inauguration of various projects, in Varanasi on Dec. 18, 2023. | Photo Credit: – Prime Minister Narendra Modi on Monday vowed to make India the third largest economy of the world in his third straight term. “When Kashi develops, U.P. develops, and when U.P. … Read more

India’s Q2 GDP growth seen at 6.7% on strong services play

India’s Q2 GDP growth seen at 6.7% on strong services play

New Delhi: The Indian economy likely expected 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 … Read more

India’s festival season to bring some cheer to economy, say economists – Reuters Poll

India’s festival season to bring some cheer to economy, say economists – Reuters Poll

BENGALURU: Indian consumer spending during this year’s festival season will be slightly better than in 2022, said economists polled by Reuters, but probably not enough to ramp up the speed of what is already the world’s fastest-growing major economy. The broadly optimistic survey data, taken together with expectations for 6.3% growth this fiscal year and … Read more

Unemployment rate declines, female labour force participation rises in Q1FY24: MoSPI

Unemployment rate declines, female labour force participation rises in Q1FY24: MoSPI

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% … Read more