[ad_1] India needs to remove impediments to the ease of doing business, the head of a top Indian-American business advocacy group has said, asserting that the country has made some progress but has a long way to go to match Singapore or Hong Kong. Mukesh Aghi, the president of the US India Strategic and Partnership […]
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[ad_1] The Comptroller and Auditor General (CAG) of India, Girish Chandra Murmu, on March 13 called for initiatives to develop auditing frameworks and granular checklists on the two emerging sectors of Artificial Intelligence and “Blue Economy”. He said although AI could contribute up to $15.7 trillion to the global economy in 2030, it had also raised […]
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[ad_1] PM Narendra Modi. | Photo Credit: ANI Prime Minister Narendra Modi on March 13 said the government’s MSME Competitive (LEAN) scheme is a part of its efforts to strengthen the MSME sector, which is a key pillar of India’s economic growth. The government on March 10 launched the revamped MSME Competitive (LEAN) scheme to […]
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[ad_1] India is likely to account for more than a fifth of incremental global consumption for chemicals over the next two decades as domestic demand is projected to rise to $1,000 billion by 2040, McKinsey said in a report. In the report titled ‘India: The next chemicals manufacturing hub’, McKinsey said the country’s chemical industry […]
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[ad_1] Ashima Goyal, Economist & Author. File | Photo Credit: Murali Kumar K Inflation is expected to come down over the year, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on March 12, asserting that the government’s supply-side action coordinated with a flexible inflation-targeting regime has kept the rate of price rise lower than […]
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[ad_1] The economy grew at 13.2% in the first quarter and 6.3% in the second three-month period. File | Photo Credit: Reuters Pencilling in just 4% GDP growth for the fourth quarter, a rating agency report has said the final growth numbers for the full year will be lower than the second advance estimate of […]
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[ad_1] Image for representational purpose only. | Photo Credit: Special Arrangement A slowdown in 2023 in advanced economies, especially the U.S. and the eurozone, is expected to make India’s footwear and leather products export trade vulnerable, said Crisil Ratings. “Domestic labour-intensive sectors such as textiles, footwear, and leather depend significantly on these two regions, making […]
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[ad_1] Nirmala Sitharaman | Photo Credit: PTI India plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told the Reuters NEXT conference on Wednesday. Ms. Sitharaman was speaking amid consultations for the next Budget, which is expected to […]
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[ad_1] India’s goods exports contracted for the first time since February 2021 in October, and the Finance Ministry said that the slowdown in China has also affected global trade. File | Photo Credit: Reuters The outlook for India’s exports may be dented by the global slowdown driven by the confluence of stubbornly high inflation, rising […]
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[ad_1] Image used for representational purpose only. | Photo Credit: The Hindu India is well placed to grow at a “moderately brisk rate” in the coming years on the back of macroeconomic stability, despite global monetary tightening, a Finance Mnistry report said on Thursday. It further said inflationary pressures will ease in the coming months […]
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