Amid the slowing global growth, geopolitical risks and volatile financial conditions, India’s year-on-year (YoY) growth of the gross domestic product (GDP) is projected to moderate sequentially to 7.0 per cent in Q2FY2024. In India, domestic economic activity is being supported by robust agricultural performance, sustained buoyancy in services, double-digit credit growth and healthier corporate and […]
The rating agency Icra has said that the shift in the festive calendar boosted year-on-year (YoY) growth in economic activity to a 13-month-high of 13.3 per cent in October 2023. The Icra business activity monitor- an Index of high-frequency indicators revealed that this improvement was largely driven by a shift in the festive calendar in […]
The US economy continues to display resilience with robust growth throughout the year. The third quarter of 2023, in particular, exceeded expectations with GDP expanding at a strong 4.9 per cent seasonally adjusted annual rate, marking the highest quarterly gain since the fourth quarter of 2021. According to a JP Morgan report, this growth was […]
The market for Indian textiles and apparel manufacturers could reach USD 350 billion by 2030, owing to the long-term positive outlook for the Indian economy and a strong focus on emerging areas such as technical textiles, home furnishing, specialised fabrics and fashion apparel, according to the FICCI-Wazir Advisors report. “The transformational change for the textile […]
On one side when the festive season comes with a boom to the aggregate economy, it also brings a number of expenses to the people where individuals overspend and goes out of their pocket to fulfil the necessities and desire of their family members. This overspending often leads people to take debts and personal loans […]
Since China is the world’s largest trading nation, a slowdown in its economy is likely to affect its trading partners. Certain Asian nations like Taiwan, Malaysia, Korea and Thailand and African countries such as Congo, Zambia, Angola and Gabon are likely to be more vulnerable due to their significant exposure to China, CareEdge Ratings has […]
India will spend nearly Rs 143 lakh crore on infrastructure in seven fiscals through 2030, more than twice the Rs 67 lakh crore spent in the previous seven starting fiscal 2017, Crisil has said. Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with fiscals 2017-2023. Amish […]
In a conversation with entrepreneurs on Wednesday, Chief Minister Yogi Adityanath underscored the importance of small-scale industries and said that they are the backbone of the economy. He highlighted that employment generation and economic self-reliance of families are possible only through small-scale industries. He also assured the entrepreneurs that those who violate the law in […]
The villagers and commuters in Khothagpa, Pema Gatshel, are greatly benefiting from a little vegetable sales booth established along the roadside. In addition to offering locally farmed, fresh fruit, it is also contributing to the local economy, Bhutan Live reported. In 2018, the government built the sales counter for the Khothagpa dairy group. Farmers have […]
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]
