Govt's first advance estimates peg India’s nominal GDP growth at 8.9%, lowest since Covid-hit 2020-21 & lower than 10.5% assumed at start of year. This could put pressure on fiscal deficit target.
Bank of Baroda report has found the value of new project announcements fell more than 50% in April-December 2023 compared to last year. The only time it was lower was in lockdown-impacted 2020.
At Bihar Business Connect 2023, the additional chief secretary, industries dept, says only issue is perception. It has human resources, raw material, market & infra, he adds.
Report by Organisation of Pharmaceutical Producers of India and Ernst & Young says growth could be propelled by expansion in the domestic market, spurred by India's economic growth.
Studies by Bank of Baroda find Centre on track to meet capex target for this fiscal. There’s wide disparity in states’ performances but upcoming polls haven’t derailed the capex process.
Saudi Crown Prince Mohammed bin Salman's advisers have spoken to govt officials about moving the IPL into a holding company valued at as much as $30 billion, the report said.
Vibrant Gujarat Global Summit, initiated by Modi-led govt in 2003, institutionalised previous efforts to improve Gujarat’s competitiveness in grabbing investments, say industrialists.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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