Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities with the information … Read more
Both gold and equities are shining bright in fiscal 2025 (FY25), with each asset class enjoying a strong performance this year. Nifty 50 has gained about 16 per cent, while spot gold prices in India have climbed over 12 per cent in FY25 so far. Durable economic growth, easing inflation, increased retail participation, and political … Read more
MUMBAI : Blue Dart Express Ltd’s revenue and profitability trajectory is struggling to take off, squeezed by rising competition, sluggish market demand and the additional burden of increased costs from recent aircraft additions. Its FY24 consolidated revenue growth stood at just about 2%, with volume remaining lacklustre. This is a stark contrast to the 17% … Read more
And while the economy is galloping, there are pain points that are beginning to hurt. India has emerged as the fastest growing large economy with an enviable gross domestic product (GDP) growth of over 8%. However, the economic expansion has been uneven. The rural economy, particularly, has been sluggish and there simply aren’t enough jobs … Read more
New Delhi: The Centre will aim to keep its fiscal deficit for FY26 below 4.5% of the GDP, in line with its performance over the past two fiscals, where it bettered projections, finance secretary T.V. Somanathan said. “The objective for the next year (FY26) remains to have the fiscal deficit below 4.5%,” Somanathan told Mint … Read more
Economic Survey 2024: The Indian economy has seen significant growth through reforms in recent years, but it faces several challenges. Four of these were listed by Chief Economic Advisor V Ananta Nageshwaran and his team in their “mini Economic Survey” ahead of the Interim Budget in January 2024. These could be addressed in the upcoming … Read more
As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but … Read more
To be a catalyst for India’s ambition of becoming one of the top three global economies by 2050, the manufacturing sector must adopt a sustainable and inclusive model that decouples growth from emissions for a developing economy of this scale. This will lower our total cost of societal development. Over recent years, Indian manufacturing has … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more