After a dip in FY21 due to Covid-19-induced lockdowns, per capita GDP increased again in FY22 as economic activity picked up pace. Per capita consumption expenditure, a key indicator of household spending, also contracted in FY21, before regaining momentum in FY22. However, the government needs to boost consumption to accelerate further growth.
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Macro
Budget 2022: Boosting consumption key
Per capita consumption expenditure, a key indicator of household spending, had contracted in FY21, before regaining momentum in FY22.
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Car sales jump 32% in Oct; 2-wheelers see 36% growth: FADA
The passenger vehicle segment’s growth was driven by the festivals coinciding in October, boosting consumer purchasing.
Cabinet approves ₹10,700 cr equity infusion into FCI to boost working capital & cut borrowing
By reducing reliance on short-term borrowings, with the equity infusion, the government aims to cut FCI’s interest expenses and lower its subsidy burden.
Trump 2.0: What it means for India, Asia, other emerging markets
As Trump outlines expansive trade and economic policies, should India and other EMs brace for shifts in trade, investment policies and geopolitical alliances? Here’s what experts say
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Emphasising the impact of rising capital costs on profitability and efficiency, Harshjit Sethi, managing director at Peak XV Partners, offers insights into India’s shifting startup landscape.