There also seems to be preference towards physical assets. And while there's good news on headline employment numbers, there has been an increase in share of low-productive jobs.
India’s capital market stood out despite global headwinds. Consumption showed uneven growth. Some high frequency indicators point to resilience in urban demand, but rural demand a concern.
This comes when many global agencies have revised upwards their global growth projections for 2024, which could further boost exports. US India’s top export destination, followed by UAE.
For FY25, Bihar's assumption of revenue surplus seems optimistic, while UP's seems doable. In Punjab, main concern is that targeted reduction in fiscal deficit is to come by cutting capex.
Household Consumption Expenditure Survey shows urban-rural gap has narrowed, particularly at lower levels of consumption, implying effectiveness of govt policies in improving rural incomes.
And despite a 0.8% contraction in the agricultural sector, the overall Q3 performance has prompted an upward revision in full-year growth estimates to 7.6% in the 2nd Advance Estimates.
Data in light of Advance GDP Estimates presents mixed picture of sales of passenger vehicles, improvement in indices capturing primary, capital & intermediate goods production.
The domestic economy continues to show resilience as reflected in the robust growth projections for the coming year. However, global challenges could pose headwinds...
Most global central banks acknowledge easing in inflation but note it remains above target. Recent geopolitical disruptions also pose upside risk to inflation, a view held by RBI as well.
This phase belongs to the ‘non-aligned’ parties. They could play a critical role in the eventuality of a hung parliament, which looks much more likely than it did one month ago.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
Chiman Singh, injured in 1971 India-Pakistan war, was discharged as non-pensioner in 1972. In his petition, he states denial of pension is contrary to settled law.
Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.
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