Public Spending

Corporates are bracing for revenue uncertainties in the April-June period due to a slowdown in government spending and the onset of the annual monsoon season, domestic rating agency Icra said on Monday. The sequential revenue growth will taper in the first quarter of the fiscal, the agency said in a note, adding that there was a 6.5 per cent growth in revenues in the March quarter compared to the preceding December quarter. "While signs of a revival in rural demand have emerged, headwinds, such as a slowdown in the Government of India's (GoI) spending during the Parliamentary elections and onset of the monsoon period, are likely to weigh on growth in H1FY25," the agency said. "India Inc braces for revenue uncertainties in Q1FY25," it added. Its co-group head for corporate ratings Kinjal Shah said the sequential revenue growth will slow down because of a relatively high base amid a perceived temporary pause in the infrastructural activities for a major part of the quarter due to the

India's chief economic adviser said on Friday that the current pace of public spending in the country could crowd out private spending

The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2 per cent as inflation-weary consumers have been putting off holiday shopping for weeks

He also warned that "we're in a time that's worse than the Great Depression, and my fear is that we may face more difficulties going forward".

India's public expenditure on health is the lowest among the BRICS nations, DEA Secretary Ajay Seth said stressing that technology can play a great role in improving access to healthcare

India, Indonesia and South Korea are among the countries with the highest share of people who wish to continue working after the retirement

Capex to remain within means as fiscal deficit remains a tough climb; PSUs told to contribute