The commerce department has initiated preliminary discussions with various government departments and ministries to gain a deeper understanding of sector-specific dynamics
By 2047, the services sector is projected to make up 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both becoming crucial drivers of economic growth
Desai informed the House that the budget outlay of Rs 3,70,250 crore for 2025-26 indicates an increase of Rs 37,785 crore, or 11.3 per cent, compared to the previous fiscal
In its report titled 'Asia-Pacific Outlook: Chaos Ahead', Moody's Analytics said growth across the Asia-Pacific economy will slow in 2025 as trade tensions knock the region's fortunes
Originally launched during the Sixth Five-Year Plan, the free coaching scheme has undergone multiple revisions over the years to enhance its effectiveness
He also said that a skill development centre and a startup incubation centre will come up at AURIC
The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements
REER moderates to 104.82 in January
According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat
Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector
This forecast considers various scenarios, including the US government's planned reciprocal tariffs in early April and the price elasticity of US demand for Indian exports
While Budget 2025 laid out plans to provide health insurance to gig and platform workers, awareness of government initiatives remains low among the target group
By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent
S&P believes that the government will meet its fiscal deficit target of 4.8%and 4.4% for the current and the next fiscal
The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors
Highlighting the importance of renewable energy cooperation, the Amir underscored its role in shaping future strategies between the two nations
Poll of 12 forecasters shows pickup in rural demand, govt capex
Female jobless rate improved to 8.1% in Q3: PLFS data
SBI, PNB, BoI expected to tap market for fund raise
The gaps in urban areas were even wider, with urban Gujarat spending ₹17 and urban Punjab ₹12 on beverages and processed foods for every ₹1 spent on eggs, fish and meat