India’s economic growth is often measured by rising consumption and expanding credit access. However, a closer look at recent spending patterns reveals an alarming trend; Indians are allocating nearly a third of their income to loan repayments.
The Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points to 6.25 per cent marks a turning point in the country’s monetary policy after nearly five years of a steady stance.
With the fifth-largest geological coal reserves globally and as the second-largest consumer, coal continues to be an indispensable energy source, contributing to 55 per cent of the national energy mix.
Tripura Chief Minister Manik Saha has underscored the crucial role of cooperative societies in driving economic development, reducing unemployment, and curbing militant activities in the state.
India’s economic growth has long been a cornerstone of optimism, buoyed by strong domestic demand, a dynamic workforce, and a robust services sector. However, recent data points to early signs of strain, raising critical questions about the sustainability of this growth trajectory.
Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) -- its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday.
Domestic tourism in India is poised to grow exponentially, outpacing the nation's economic growth by 15 per cent over the next five years, said Union Minister of Tourism & Culture Gajendra Singh Shekhawat in New Delhi on Wednesday.
India's economic growth decelerated significantly in July-September, reaching 5.4 per cent year-on-year, data from the Ministry of Statistics and Programme Implementation (MoSPI) said on Friday.
India stands at a critical juncture in its energy transition journey, aiming to achieve 500 GW of renewable capacity by 2030.
Though we believe this is a temporary impasse only and the narrative might change completely in Q3FY25 onwards, they said.
