In the run-up to Diwali, retailers saw a 55% jump in online sales from a year ago to $4.1 billion. Data also shows an increase in new vehicle registrations during October.
New measures include Atmanirbhar Bharat Rozgar Yojana and tripling allocation for PM’s housing scheme. India’s overall Covid economic package is Rs 30 lakh cr.
A combination of better-than-expected earnings, completion of US presidential voting & progress toward a Covid vaccine helped propel the Nifty 50 index to new highs this week.
India’s fiscal outlook is the grimmest in at least three decades, and the challenges probably without precedent. Every option to boost revenue comes with a price tag.
UK's latest curbs coupled with the prospect of a messy divorce from the EU threaten to worsen country's recovery from the sharpest recession in three centuries.
Speaking at a book launch, Das said India followed the fiscal expansion path to deal with Covid-related challenges and govt will have to spell out a fiscal roadmap post-Covid.
New cases per capita in Pakistan, Sri Lanka and Bangladesh are far lower than in India, making it easier for these economies to recover from the drop in GDP.
The dip in GDP, and ongoing stress in banking sector and households, will curb India’s medium-term growth potential, with experts predicting a slowdown to 6%.
The most geopolitically consequential dimension is Donald Trump’s attempt to anchor a US-Russia reset into this peace package. This includes diplomatic and economic ties.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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