In the current fiscal year, tax and non-tax revenue collections could take a hit. The projections will need to be recalibrated in light of the uncertain environment.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
If India wants 8% growth, private investment will have to substantially pick up, Ranade explains. But that can happen only if demand improves, which is contingent on wages increasing.
The first advance estimates peg India’s GDP (Gross Domestic Product) growth at 6.4 percent in FY 2024-25, compared to 8.2 percent growth recorded in...
Defence ministry has declared 2025 a ‘Year of Transformation’ with expectations that new, lighter and simpler Defence Acquisition Procedures (DAP) will be rolled out.
In its first advance estimates for the current financial year, govt predicts growth to be slower than RBI’s prediction of 6.6% & much lower than 8.2% seen in FY24.
The secondary sector, comprising manufacturing, construction and utilities, was the main reason for the slowdown, but agriculture & services did better than last year.
Govt launched 'Make in India' on 25 Sept 2014 to make India manufacturing hub. On its 10th anniversary, PM Modi said it illustrates 'collective resolve of 140 crore Indians'.
From day one, Make in India was driven by optics than economics. There were global summits, slick visuals, and media blitzes. But the real machinery never showed up.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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