Economic Growth In India

Health, education spending by states trails economy's nominal growth rates

State governments have consistently underspent on health and education, trailing the economy's nominal growth. Despite rising demands, priorities remain unchanged, as data reveals concerning trends

Important to develop ambitious targets: S Jaishankar on India-Japan ties

Calling Japan a "key contributor" to India's economic development, External Affairs Minister S Jaishankar on Tuesday said it is a bilateral relationship of "great trust" and the two countries need to develop "ambitious targets" and work towards realising them. "In a world under flux, we must deliberate on the urgent need to enhance the quality of our economic cooperation," the minister said in his virtual address at the 7th India-Japan Indo-Pacific Forum and 10th India-Japan Track 1.5 Dialogue. Jaishankar spoke of the breadth of the bilateral relationship and said the India-Japan Special Strategic and Global Partnership serves the cause of "regional peace, international stability and global prosperity". "It is a bilateral relationship of great trust and growing substance. But precisely because we have come so far in the last decade, it is important that we develop ambitious targets and work towards realising them," he said. Japan remains a key contributor to India's economic ...

India, Russia discuss training Indians for employment in Russian companies

Speaking at the 25th India-Russia Intergovernmental Commission session, First Deputy PM Denis Manturov also shared plans for areas where the two nations would explore future collaboration

US' 'Freedom to Fail' key as Indian economy becomes powerful: Black Dragon

A characteristic that sets apart the United States, world's largest economy, is its "Freedom to Fail" concept, and India closely aligns with this mindset as it positions itself as a burgeoning global economic leader, said private equity firm Black Dragon Capital's CEO Louis Hernandez Jr. In an interview with PTI, Hernandez, Founder and CEO of Black Dragon Capital, emphasised that embracing failure can lead to groundbreaking achievements, especially in a country that is rapidly emerging as a global technology leader. "I feel like the US's primary advantage is its 'freedom to fail'. It's not there in the education system or healthcare. It's just that in our country, it's okay to fail. And you'll still be celebrated if you are innovative and come up with new ideas. And I think India most closely matches that," he said, suggesting that India is beginning to adopt this mindset. Hernandez, a former advisor to Infosys founder Narayana Murthy, said he believes that India's emerging economy,

ECB set for second straight rate cut as euro zone economy stagnates

A quarter-point cut on Thursday would lower the rate that the ECB pays on banks' deposits to 3.25 per cent and money markets almost fully price in three further reductions through next March

AI will spur jobs but repetitive roles to be impacted: Deloitte top leader

Deloitte's Romal Shetty said that while AI could create more jobs but roles involving repetitive tasks are at risk. He also stressed that while regulations are crucial, it shouldn't stifle innovation

Monsoon rains a fifth below normal so far, raising agricultural concerns

Summer rains, critical to economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8

Coal dependency, climate dilemma to hang over PM Modi in his third term

PM Modi will need to balance green ambitions against a need to sustain growth and satisfy rapidly accelerating electricity demand, leaning on a fraying power system still heavily dependent on coal

Scorching heat may be blighting India's road to becoming a developed nation

India has a far poorer natural endowment of land than Europe, North America and China, the continental economies that preceded it on the road to riches

India expects FY25 growth of over 7%, says CEA V Anantha Nageswaran

The possibility of growth touching 8% in the last fiscal year that ended on March 31 is quite high, he added

Don't bring the successful down, elevate the rest: Rajan on wealth tax

Raghuram Rajan said having inclusive growth will increase the pace of growth, but taxing the rich is not the solution to achieve the same

A fascinating chart

Compared to China and Africa, India is remarkably well positioned on multiple fronts

Office space demand likely at 50-55 mn sq ft across top 6 cities: Report

Office space demand in India's six major cities will remain healthy this year as domestic and foreign firms are expected to lease 50-55 million square feet area to expand their businesses, according to a FICCI-Colliers report. Gross leasing of office space stood at 58.2 million square feet across six major cities namely Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. Industry body FICCI and real estate consultant Colliers India earlier this week released its report 'India Office: Repurposed to scale-up'. The report has given three scenarios for office demand forecast - optimistic, realistic, and pessimistic. In a realistic scenario, the gross leasing of Grade-A office space is estimated at 50-55 million square feet this year across these six cities. The demand could go up to 55-60 million square feet in an optimistic scenario, while the leasing numbers could drop to 45-50 million square feet in a pessimistic scenario. "India's office space demand is likely to breach th

India's economic growth probably slipped below 7% in Oct-Dec quarter

"Some moderation is expected in October-December GDP growth, with softer growth in manufacturing sector," said Gaura Sen Gupta, an economist at IDFC First Bank

Commendable eschewal of populist schemes: Motilal Oswal Fin Services CEO

Oswal states that buoyant economic activity, declining input costs, and strong corporate earnings growth will keep sentiment positive

Moving away from a disinvestment target: Dipam secy Tuhin Kanta Pandey

He said that of the Rs 30,000 crore miscellaneous receipt for FY24, the Centre expects to get about Rs 12,000 crore from asset monetisation and Rs 18,000 crore from disinvestment

Interim Budget 2024 supports economic growth story for India: USISPF chief

The Interim Budget 2024 is expected to undergo thorough scrutiny and debate in the coming days in Parliament as stakeholders assess its potential impact on the nation's economic trajectory

Aiming beyond 7% growth

India is not the world's fastest-growing economy yet, but a revival of the animal spirits could propel it into that position

Pvt investment to pick up from second half of FY24: CII President R Dinesh

'Headwinds are majorly all macro-economic and global issues. The larger challenge is the volatility'

India's GDP expands 7.6% in Q2; manufacturing, construction lead the charge

While the Reserve Bank of India (RBI) had projected GDP growth of 6.5 per cent for the second quarter of FY24, a Reuters poll of economists estimated it to be slightly faster, at 6.8 per cent