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The WEF report noted South Asia stands out, with over 70% of economists predicting strong or very strong growth in 2024 and 2025, driven by India's robust performance.
Updated : Sep 25, 2024

India's economy strong, high debt levels, fiscal challenges bother global recovery: WEF report

Chief economists expressed concerns about rising debt levels and fiscal challenges posing significant pressures on economies worldwide, consequently leaving them vulnerable to potential future crises.

PM Narendra Modi noted that India has become a net exporter of finished steel, with production increasing by over 50% since 2014.
Updated : Sep 25, 2024

10 years of Make in India: PM says impact visible across sectors

PLI leads to investments of Rs 1.46 lakh crore, but share of manufacturing in GDP yet to increase substantially Surabhi

Officials pointed out that this would ensure continuity in decision making at PSUs and would be another step in maintaining efficiency in operations.
Updated : Sep 24, 2024

Centre considers plan of building “talent pool” for top roles at PSUs

Move will help fill vacancies swiftly, ensure continuity in decision-making

PM Internship Scheme expected to be rolled out in October
Updated : Sep 23, 2024

Govt finalising details of PM Internship Scheme; to roll it out by Oct end

The Ministry of Corporate Affairs, leading the initiative, is currently in discussions with key stakeholders to roll out the scheme by October-end.

The Fed lowered its interest rate for the first time in four years to 4.75-5% earlier this week.
Updated : Sep 20, 2024

What is the impact on the Indian economy post Fed rate cuts?

Dharmakirti Joshi, Chief Economist CRISIL and Madan Sabnavis, Chief Economist, Bank of Baroda talk about the implications of the US Fed rate cut

NSSO faces a tricky problem: Its surveyors and gated societies for the affluent
Updated : Sep 20, 2024

NSSO’s million-dollar problem: How to get affluent Indians living in gated societies to respond to their surveys

Survey officers are often denied entry into societies, and people don’t want to provide answers.

Donald Trump recently called India "an abuser" of import tariffs. In 2020, he labelled India as the ‘Tariff King’.
Updated : Sep 20, 2024

Is India really the ‘Tariff King’? Not really, says a new report

GTRI says all countries levy high import duties on some products to protect domestic industry; US should consider FTA with India to get zero tariff market access

S&P said that with 8.2% growth rate in FY2024, continued reforms are crucial to improving business transactions and logistics, boosting private sector investment and reducing reliance on public capital.
Updated : Sep 19, 2024

India on track to becoming third-largest economy by FY31: S&P Global, says equity markets will stay dynamic

The first edition of ‘India Forward: Emerging Perspectives’ report said that India must develop infrastructure and geopolitical strategies, particularly regarding its extensive coastline to maximise trade benefits. 

J&K: Tourism is the most visible indicator of change.
Updated : Sep 19, 2024

Greater economic opportunities, ‘Naya’ hopes, in ‘Naya’ Kashmir

Five years after the abrogation of Art 370 in J&K, concerted measures have not only stabilised but boosted the economy of the state.

If a global rate-cutting cycle accelerates, India could experience increased capital inflows as investors seek higher returns in emerging markets.
Updated : Sep 19, 2024

RBI governor Shaktikanta Das has his task cut out as Fed surprises with a 50 basis point rate cut

For the RBI, the global interest rate easing cycle comes with its own set of challenges. If a global rate-cutting cycle accelerates in the near future, the emerging markets including India could face increased capital inflows, which will throw new challenges on currency management side.

The CCI has introduced the Competition Commission of India (General) Regulations, 2024, which will replace the previous regulations established in 2009.
Updated : Sep 18, 2024

CCI unveils 2024 regulations: More transparency, confidentiality, monitoring in overhaul

The CCI has introduced the Competition Commission of India (General) Regulations, 2024, which will replace the previous regulations established in 2009.

One of the most curious cases in the report is West Bengal, which has seen a steady and puzzling decline despite its early economic strength.
Updated : Sep 18, 2024

India's richest and poorest states revealed: South rises, but what happened to Bengal?

The report also touches on Maharashtra, which remains India’s top contributor to GDP, though its share has declined from over 15% to 13.3% in recent years. Despite this, Maharashtra’s per capita income has risen to 150.7% of the national average by March 2024.

As per the revised norms, the group auditor would be responsible for the audit work done by other auditors for group entities.
Updated : Sep 17, 2024

NFRA issues revised Standards on Auditing 600 for public consultation

As per the revised norms, the group auditor would be responsible for the audit work done by other auditors for group entities.

A Fed rate cut means lower returns on US debt instruments and a reduced cost of funds for borrowers.
Updated : Sep 17, 2024

US Fed Rate Cut: Is RBI set to join the interest rate easing cycle?

A Fed rate cut means lower returns on US debt instruments and a reduced cost of funds for borrowers. Theoretically, this kind of situation leads to capital inflows into emerging markets like India. 

IMF says parties are pulling away from fiscal prudence
Updated : Sep 17, 2024

IMF study reveals global political propensity towards ‘freebies’

Survey of 65 advanced and emerging market countries over 60 years find most respondents either want to increase spending or maintain it at current levels in their countries.

The latest decision is expected to increase income of farmers ahead of the upcoming assembly elections.
Updated : Sep 13, 2024

Govt removes minimum export price cap on onion, basmati rice ahead of assembly polls in Maharashtra, Haryana

The government had previously fixed a $550 per tonne as the minimum export price (MEP) for onion, and had set the minimum export price (MEP) of $1,200 per tonne on exports of basmati rice, which was later reduced to $950 per tonne.

In FY24, of the total imports of $675 billion, India’s oil bill was $180 billion.
Updated : Sep 13, 2024

Oil near $70 a barrel: India could get some respite on the import bill, inflation may ease

Analysts believe that prices may not remain this low for an extended period but believe that if it does it could have a positive impact on the domestic economy, especially in terms of the import bill.

Over 25 global capability centres to open in next 2-3 years, says report
Updated : Sep 13, 2024

Over 25 global capability centres to open up in 2-3 yrs; Bengaluru preferred location: Report

The study titled GCC Quarterly Landscape Report (Q2, 2024) found that 50% of the retail/CPG GCCs in India have been established in the last eight years.

Retail inflation as measured by the consumer price index in August was at the second-highest level in five years
Updated : Sep 12, 2024

Retail inflation seen to pick up pace from September, core inflation may rise too

CPI inflation in August remains below the 4% mark, food price pressures continue

The food price inflation for August was marginally higher at 5.66 percent compared to 5.42 percent in July.
Updated : Sep 12, 2024

CPI inflation up marginally to 3.65% in August, second lowest in the last five years

CPI inflation in July had eased to a 59-month low of 3.54 percent in July from 7.44 percent in July 2023 and 5.08 percent in June 2024.

These surveys are expected to give a comprehensive picture of the non-farm sector of the economy and help formulate better policies to address any lacunae.
Updated : Sep 12, 2024

Coming soon: Capex survey, economic census

NSSO to carry out several enterprise surveys to get a better picture of non-farm economy

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