Page 4 - Indian Economy

Entry-level workforce across key sectors to earn better salaries: Report

Entry-level jobs, which were witnessing a slowdown, are getting a boost as freshers are offered competitive salaries across key sectors, led by Global Capability Centres (GCCs) and non-tech sectors, a report said on Thursday. The software development and engineering domain, which focuses on coding, designing, and maintaining software applications, is poised to offer lucrative opportunities, the report by TeamLease Digital said. It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend. As a result, entry-level positions in this domain are expected to see an average salary of Rs 9.37 lakh per annum in GCCs, followed by Rs 6.23 LPA in IT products and services, and Rs 6 LPA in non-tech sectors by the end of 2024-25, the report added. The report by TeamLease is Digital is based on primary data from 15,000 job roles across GCCs, IT services, and non-tec

Southern states urge 16th FC to address cess and surcharge impact

Finance Commissions use different yardsticks to recommend transfer of funds from the Centre to the states. These generally are income distance, population, area, etc

PM Modi's entire focus on data manipulation, propaganda: Congress

The Congress on Thursday alleged that Prime Minister Narendra Modi's entire focus is not on reducing inflation, but on showing low inflation figures, and said a government that is focused on propaganda and data manipulation is not one that can be relied on to work for people's welfare. Congress general secretary in-charge communications Jairam Ramesh said India has seen ten years of a "Modi-made inflation", created and fostered by the government's poor policy-making. "The prime minister's entire focus is not on reducing inflation, but on showing low inflation figures. The government is now concertedly attempting to manipulate the Consumer Price Index (CPI) and Wholesale Price Index (WP1) figures to show inflation as being under control, even as the ground reality is that the common man is facing non-stop price rise," Ramesh said in a statement. He said price rise has been particularly high for food, fuel, and items of daily use, and it has placed a heavy burden on India's working ..

PSBs get green flag to raise Rs 25,200 cr through equity dilution in FY25

So far, the PSBs have raised Rs 8,500 crore through Qualified Institutional Placement (QIP) in FY25, according to data from Prime Database

India-France trade balanced but 'suboptimal', it should grow: Piyush Goyal

He called for a greater collaboration with France in the defence sector and also underlined that India's robust patent-protected regime does not insist on technology transfer

Viksit Bharat focuses on potential of all Indians, not just global ranks

Our world rankings are, without question, a stunning achievement that calls for monumental pride

Uttar Pradesh government aims to sparkle in gems and jewellery sector

Unveils blueprint to position UP as a hub for jewellery trade and exports

Explained: How will PAN 2.0 be different from the existing setup?

Here is all you need to know about the initiative and its impact on your tax filings.

PAN 2.0: Common business identifier and robust system for taxpayers

As many as 98 per cent of PAN holders are individuals, with male holders still outnumbering female holders. However, the gender gap is steadily narrowing

US president-elect Trump's initial volley of tariffs may fly by India

He pledges higher levy on goods from Canada, Mexico, China

India shipped record 4.5 million personal computers in Q3CY24: IDC

Shipment of premium notebooks (>$1,000) grew by 7.6 per cent Y-o-Y, while desktop category declined by 8.1 per cent

Indians see wallets drain by Rs 485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

Sluggish demand likely weighed on India's GDP growth in Sept quarter: Poll

Passenger vehicle sales recorded their first decline in 10 quarters and sales of two-wheelers experienced a sharp slowdown

7% workforce growth expected in H2 driven by logistics, e-comm: Report

With 59 per cent of employers planning to increase headcount in October-March FY25, 7.1 per cent workforce growth is expected during the period, driven by logistics, e-commerce, and manufacturing sectors, a report said. According to TeamLease Services 'Employment Outlook Report for October 2024 to March 2025', an additional 22 per cent will maintain their current staffing levels. The report is based on primary and secondary research, taking inputs from 1,307 employers across 23 industries in 20 cities. These findings reveal a dynamic hiring landscape where industry-specific demands and macroeconomic factors are significantly shaping employment trends, the report added. This growth will mainly be driven by sectors including logistics, EV & EV infrastructure, agriculture and agrochemicals, and e-commerce, which are heavily investing in infrastructure and technological advancements, it said. Logistics, for instance, stands out with a 14.2 per cent net employment change, as 69 per ...

COP29 summit: India leads Global South to reject 'unfair' finance deal

COP 29 president pushed decisions despite objections, citing procedural norms

In name of open economy, we gave unfair advantages to others: Jaishankar

In the name of open economy, we allowed other countries to get an advantageous playing field in the country and this has to stop, said External Affairs Minister S Jaishankar on Saturday. Jaishankar was delivering a virtual keynote address at the 8th India Idea Conclave at Bengaluru. This year, the conclave, organised by India Foundation, is exploring the theme, building Brand Bharath'. In the name of globalisation, we actually hollowed out the manufacturing. SMEs have been hurting for the last 30 years because they see unfair competition, see subsidised goods coming into the country. If we cannot protect them, they cannot compete, he said. According to Jaishankar, under Modi's Brand Bharath', this is being done differently as 'Make in India' has moved from aspiration to an assertion. Look at semi conductors industry. We understand today semi conductor will be a make or break for a country like India, he said, adding that where India that is Bharath is doing things differently is in

Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das

'In the long run, price stability supports sustained high growth. Price stability is also important because high inflation is disproportionately burdensome on the poor'

Outward remittances under LRS drop 14.88% in H1FY25, shows RBI data

The remittances for maintenance of close relatives fell by 37.17 per cent Year-on-Year (YoY) to $1.92 billion as compared to $3.05 billion

Diversifying global leadership: India's opportunity in a US+1 strategy

As the world diversifies its geo-economic reliance on one country, we should also diversify our geopolitical reliance on a single nation

RBI buys a net $8.52 billion in first half of FY25, says bulletin

The RBI had net sold $6.49 billion in the spot market in August. In the current financial and calendar year, the central bank has been a net seller of dollars in three months - April, June, and August