For India, IMF has maintained its growth estimate at 7% for 2024-25, followed by 6.5 per cent next year. Slowdown from 8.2% growth in 2023 is attributed to exhaustion of pent-up demand.
Investors are moving money to financials after their recent underperformance and in anticipation of no negative surprises as focus shifts to earnings, analysts told Reuters.
Lower middle-class and rural consumers are cutting discretionary spending, choosing cheaper local products and buying less to stretch the rupee as much as they can.
Latest Annual Survey of Industries 2022-23 shows large segments of India’s manufacturing workforce are employed in low-productivity work, value added per worker has contracted.
Israel-Iran conflict, along with outlook on inflation & growth in an uncertain global environment will be key areas of concerns for new members of the reconstituted committee.
According to SBI research, inflation is projected to remain below or close to 5% in coming months. For the full FY25, it is likely to average to 4.6-4.7%.
Chinese commentaries highlight the launch of the China–Kyrgyzstan–Uzbekistan railway and a $1 billion mining deal between China and Kazakhstan, as signs of a quiet pivot toward Beijing.
Built as a novel concept to ‘democratise’ e-commerce in India, ONDC has seen limited success in specific pockets. But it’s still an emerging player in a highly competitive market.
New Delhi: The Indian Navy is set to commission INS Arnala, the country’s first Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), at Visakhapatnam dockyard on...
Return to hyphenation is dreaded because our successive govts have laboured for three decades to rid us of what we see as the equivalence big powers used to draw between us and Pakistan. Three things follow.
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