WHAT IS ECONOMICS
Economic Survey 2024: Key recommendations and interventions examined by ET
The Survey suggests key interventions in various areas such as skills development, cooling methods, PV waste management, data upgrades, fertilizer subsidies, and price monitoring. It also highlights the frequency of mentions of different countries.
Economic Survey: Balancing realism & aspiration
The latest Economic Survey in India strikes a balance between realism and aspiration, acknowledging progress made but also identifying the current constraints. The survey's GDP forecast for 2024-25 is 6.5-7%, reflecting the country's growing economy. However, the survey acknowledges the more challenging global environment, including higher interest rates, industrial policy activism, and the uncertainty of Artificial Intelligence.
Economic Survey: Tech startups surge post Covid
India’s tech startup landscape underwent a dramatic change after the Covid-19 pandemic, the Economic Survey noted. This and more in today’s ETtech Top 5.
India's trade deficit expected to decline further: Economic Survey
The Economic Survey highlighted that the boost in domestic manufacturing through PLI schemes and increased exports from free trade agreements are expected to help bridge India's trade deficit, despite potential impacts from fluctuating commodity prices. The survey emphasised the importance of maintaining competitiveness and expanding export markets, especially in sectors like agriculture. Experts, including Rumki Majumdar from Deloitte India, noted the resilience of India's exports amid global uncertainties and emphasized the need for strategic export growth to achieve ambitious targets by 2030-31.
What big risks do climate change, geopolitical issues pose to economy? Abheek Barua decodes Economic Survey
Geopolitical tensions are intense and all over the place. The Middle East, the problems around Gaza which are now spreading across the region to Yemen and so forth, then geopolitical risk in terms of a change in the US administration and the possibility of, say, across-the-board tariffs. These are real risks that have to be reckoned with, says Abheek Barua.
How this Code is helping homebuyers, Economic Survey explains
The Economic Survey 2023-24 highlights the pivotal role of the Insolvency and Bankruptcy Code in revitalizing stalled real estate projects and strengthening homebuyers’ rights. The IBC, alongside the Real Estate Act, has streamlined the resolution process for real estate companies, leading to successful outcomes and enhanced liquidity in the sector.
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What Budget 2024 can do to get foreign investors to bet on India
The Union Budget 2024-25 is anticipated to drive economic growth and attract foreign investment, focusing on easing business regulations, enhancing the Production Linked Incentive scheme, and implementing significant tax reforms. These measures aim to position India as a premier global investment destination and accelerate its journey towards a $5 trillion economy.
Budget 2024 should allow professionals to switch between new and old tax regimes annually like individual taxpayers: Expert view
Budget 2024 expectations: Option to choose tax regime every year while filing income tax return, reduction of income tax rate, simplification of TDS — here are the key things small and medium businesses in India want from Budget 2024.
Economic Survey: What is it? Who will present? Who drafts the Economic Survey?
Every year, the government of India releases the Economic Survey, which examines the status of the economy the year before. The comprehensive analysis also considers the short- to medium-term outlook for the Indian economy. The Economic Survey provides statistical information on variables such as employment, GDP growth, inflation, and the budget deficit.
What Indian industry wants from Modi's budget after poll setback
Prime Minister Narendra Modi's government will present India's budget in mid-July after returning to power with allies. The budget, Modi's first major policy move in his third term, may include personal tax cuts and adhere to the fiscal deficit target. Key demands include boosting consumption, lifting farm export restrictions, job creation incentives, and tax reforms.
Nielsen Media, group co leases over 1.52 lakh sq ft in Mumbai’s Goregaon
Nielsen Media has secured an office space in Mumbai's Goregaon for over 10 years, with a total rental outgo of over Rs 465 crore. The lease agreement will commence in January 2025 and the fit-out period will start in June 2024. The total monthly rental of Rs 3.88 crore includes Rs 2.87 crore for Nielsen Media's office space and Rs 1.01 crore per month for What's On Media's office space. The agreement also provides exclusive access to 164 car parking slots in the tower.
Union Budget: What lies ahead for Modi's flagship PLI scheme?
As India prepares for Budget 2024, the spotlight is on Production-Linked Incentive (PLI) schemes, crucial for revitalizing manufacturing and strengthening supply chains. The government has raised the PLI allocation to ₹6,200 crore, signaling a 33% increase, underscoring its commitment to economic growth and job creation. Since 2021, PLI has attracted over ₹1.03 lakh crore in investments, generating 6.78 lakh jobs, with sectors like electronics and pharmaceuticals leading exports beyond ₹3.20 lakh crore.
Union Budget: What lies ahead in Budget 2024 for indirect taxes?
Budget Expectations: The upcoming Union Budget by NDA 3.0 is highly anticipated for its economic and social welfare policies to rejuvenate India. The budget is expected to focus on infrastructure, healthcare, education, job creation, and tax reliefs. Indirect taxation, including GST, will be a key area of scrutiny, with potential adjustments to customs duties and the introduction of production-linked incentive schemes. The industry eagerly awaits measures to streamline compliance processes, boost revenue, and support the Make in India initiative.
Crisis & fears - What are the main obstacles to Chinese growth?
China's leadership tackles economic challenges including weak consumption, 14.2% youth unemployment, property crisis, local debt, export pressures, and falling foreign investment. Financial pressures, asset shortages, and currency depreciation risks, deflation fears are key concerns affecting the economy's recovery and overall stability.
Is Warren Buffett aware that the US dollar is losing 99.99% of its value? What did Michael Saylor say about this?
In a podcast, Michael Saylor has warned that the US dollar is losing its value due to high rate of inflation and other currency options. He added that well known investors are aware of this reality.
Recession looming large on US economy? What growth rate has been predicted by Fed Reserve body? Everything you may like to know
Recessions are fairly common in the US economy. There has been about one U.S. recession every five years or so since World War 2. But they don't last long. The average duration of a U.S. recession since World War II is just 11.1 months.
What is SEBEX 2, India's new explosive that is one of the most powerful bomb?
India has introduced SEBEX 2, a high-performance explosive with a TNT equivalence of 2.01. Developed under the Make in India initiative by Economic Explosives Limited, SEBEX 2 enhances the effectiveness of various munitions without increasing weight. Certified by the Indian Navy, SEBEX 2, alongside SITBEX 1 and SIMEX 4, demonstrates India's growing capabilities in military technology, offering significant export potential and enhancing global security efforts.
What JP Morgan bond index inclusion means for India's economic future? Jayesh Mehta answers
This is significant, as you mentioned—it's a notable event. The only caveat is that this recognition of India should have come much earlier, but finally, India has been acknowledged.
What should be your investment strategy after elections?
Market volatility post Indian election triggered short-term turbulence, yet history shows eventual alignment with economic fundamentals. Resilient corporate earnings, infrastructure development and vigilant sector monitoring are emphasized for long-term strategic investments amidst fluctuating market conditions.
What is Azm-e-Istehkam, Pakistan's new military operation tasked to take on TTP and other militant groups
Pakistan’s leadership approved a new military operation, Azm-e-Istehkam (Resolve for Stability), to combat rising violence and terrorism. Following Prime Minister Shehbaz Sharif’s review of counterterrorism efforts, the operation targets domestic security threats and cross-border fighters from Afghanistan. The initiative includes socioeconomic measures to reduce extremism and aims to strengthen legal support for prosecuting terrorists. The plan addresses increased violence, potential cross-border tensions, and Chinese concerns about infrastructure security.
Budget 2024: What is a Populist Budget and why is it controversial?
A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal deficits, inflationary pressures, and disparities in resource distribution, while potentially undermining independent economic institutions.
Budget 2024: What is Dividend Distribution Tax? Know How it will abolition impact the Indian economy?
In 2020-21, India's government abolished the Dividend Distribution Tax (DDT), shifting the tax burden on dividends from companies to shareholders directly. The move aimed to simplify taxation, enhance market appeal for Indian equities, stimulate domestic investment, and potentially attract more Foreign Direct Investment (FDI) into the country's economy.
Russian economy has withstood what even China could not have achieved: Prof. Alexander Dynkin
Prof. Alexander Dynkin discussed the significance of the Primakov Readings International Forum and the role of BRICS in shaping global economic trends. He emphasized India's pivotal role in BRICS and highlighted the growth potential in Russia-India ties. Dynkin provided insights into the Russian economy, foreign policy priorities, and commitments towards fostering regional stability and collaboration, especially in Africa. His analysis underscored Russia's resilience and strategic positioning in the evolving global landscape.
What does Nigel Farage promise in his ‘contract’? Is it economically feasible?
The Reform UK Party promises to end all non-essential immigration and proposes steep cuts in personal income tax rates and other direct taxes. He is not expected to win the upcoming parliamentary elections in July.
Learn with ETMarkets: How inflation impacts INR & what currency traders should do?
The Indian Rupee (INR) is influenced by global economic trends, inflation, recession fears, and geopolitical tensions. Traders should monitor inflation, anticipate capital flows, and use hedging strategies in the forex market.
If Modi wins India's mammoth Lok Sabha elections, his third regime will need tough reforms to lure foreign firms
Lok Sabha Elections: As Modi gears up for a potential third term, global firms highlight challenges facing India's economy: policy inconsistencies, bureaucratic delays, and scarcity of land. Despite improved business sentiment, actual investment remains stagnant, with foreign direct investment dropping. Key priorities for the new government include policy coordination among states, labor law implementation, skills development, land reform, trade measures, and fulfilling BJP's promises for economic growth and global manufacturing hub status.
What kind of election results would shake up the markets? Seshadri Sen answers
Seshadri Sen discusses the impact of BJP's majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls considerably short of the absolute majority. All other outcomes are largely the same.
Industrial policy is back. Is this what India needs for an ‘atmanirbhar’ economy?
Mere rise in GDP growth numbers are not enough. What India needs to become a global manufacturing powerhouse is a well-outlined policy that gets the wheel spinning on job creation, skills and holistic growth — especially as the world tilts towards protectionism.
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