Deregulation to be big theme of Eco Survey
Shift to new tax regime, steady rates affect collections
A shift in focus towards private investment is required to sustain the growth momentum. This should be a concern for policymakers
Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster
Here is the best of Business Standard's opinion pieces for today
The ministry added that both the consumer and industrial outlook surveys, which showed a declining trend, need to be monitored for future trends
The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24
High cost of doing business and geopolitics limit opportunities
In a volatile global landscape, sustained growth rate of more than 7 per cent is quite a challenge
While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management
Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate
In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before
Headline numbers best communicated to common man; Govt needs to step up supply management
Union Budget 2024-25: Finance Minister Nirmala Sitharaman announced the continuation of bank credit to micro, small, and medium enterprises (MSMEs) during stress periods
Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities
India's Chief Economic Advisor V Anantha Nageswaran has criticised developed countries for their "double standards" on climate action, highlighting the G7's commitment to ending the use of unabated coal power plants only in the first half of the 2030s, despite their high carbon emissions. In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards to allow developed countries to maintain their lifestyles in cleaner environments and cooler climates. He argued that economic growth would empower developing countries to better address climate change. Nageswaran said the UN convention on climate change and its Paris Agreement mandate that developed countries provide resources and take the lead in mobilising finance to tackle the global problem. "However, much of the climate action by developing countries has been done through domestic resources, and the emphasis of the developed countries has mai
Nudges pvt sector on jobs, cautions on AI; sees GDP growing by 6.5-7% in FY25; makes a case for FDI from China
Here is the best of Business Standard's opinion pieces for today
Cites risks of geopolitical tensions, rise in protectionism, higher trade cost because of the Red Sea crisis, and commodity price volatility as reasons
This could be a disadvantage for the Indian economy, mentions the survey