India’s GDP set for a 7% growth in FY25 and 7.2% in FY26: ADB
The ADB projects a favourable outlook for the industrial and services sectors, along with private investment and urban consumption in FY2024-25 and FY2025-26
The ADB projects a favourable outlook for the industrial and services sectors, along with private investment and urban consumption in FY2024-25 and FY2025-26
NITI Aayog CEO BVR Subrahmanyam says the country is well on its way to becoming a dominant global player; to double in economic size by 2030
Households’ share of gross fixed capital formation has declined from a high of 37% in FY12 to just 28% in FY23.
This suggests a shift in the trend growth rate post-pandemic, driven by domestic factors, write RBI economists
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Deloitte states that by 2030/31, half of India's households will fall into the middle-to-high-income bracket, further boosting consumer spending.
The decision taken to account for all the government transactions relating to receipts and payments in the FY 2023-24 itself
For several years, micro, small, and medium enterprises (MSMEs) have been vital to India's economic growth. The government has a lot of work on its shoulders to get them back on track.
A survey conducted by the Bombay Chamber of Commerce and Industry, along with EY, has come up with suggestions to improve the ease of doing business based on feedback from MSMEs and other sectors.
The pandemic has exposed gaps in the notion of development across global markets. India now needs to rely on a circular economy, by laying emphasis on people, planet, and profits.