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.
In a country where unemployment is at a historic high, the national anxiety isn’t about jobs — it’s about reach. Aspirations have shifted from employment to engagement, from careers to content.
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