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On the investment front, the government's focus on capital expenditure is expected to remain a key growth driver in 2025-26
The event was organised jointly by the industry body CII and union labour ministry, focussing on exploring the future of work and how it is going to transform the employment landscape in the country
In terms of India integrating with the world, the report notes that it can benefit from being increasingly important for the world
Labour economist K R Shyam Sundar said the "vaguely constructed" new labour laws were at the root of the "malady"
But hopes of rate cut in Feb policy meet recede: Experts
FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25
In recent years, the number of fatalities has come down as the government has cracked down on illegal rat hole mining
Data showed that the manufacturing sector (5.8 per cent) led the revival in industrial production, followed by electricity (4.4 per cent) and mining sector (1.9 per cent) during the month
KYC is a one-time process that helps in the identity verification of subscribers by linking the universal account number (UAN) with KYC details
The first advance estimates released by the National Statistics Office (NSO) on Tuesday estimated a nominal GDP growth of 9.7 per cent for FY25
The report also identifies increased digital access, geopolitical tensions, and climate-mitigation efforts as key trends expected to shape the future of jobs in India by 2030
Rural spending may drive consumption growth, while capex may moderate amid fiscal constraints
The Gini coefficient measures the extent to which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution
The higher demand supported output growth and prompted firms to recruit additional workers
The unions further demanded an increase in the income tax exemption rebate limit to Rs 10 lakh per annum and a social security scheme for gig workers
SBI report, released on Friday, claimed a decline in poverty ratio in rural areas
In comparison, the poverty ratio in urban areas fell to 4.09 per cent from 4.6 per cent during the same period
Labour lawyer B C Prabhakar said that since the new labour codes are not yet implemented, it is pertinent that the government come up with a holistic framework for welfare of this bulging workforce
He also highlighted that there has been tremendous growth in youth employment and a reduction in unemployment rates, as evidenced by the latest PLFS
Pranjul Bhandari, chief India economist at HSBC, said that India's manufacturing activity ended a strong 2024 on soft note, amidst more signs of a slowing trend, albeit moderate, in industrial sector