In a major achievement, Uttar Pradesh’s economy has more than doubled, rising from Rs 12.88 lakh crore in 2017 to Rs 27.51 lakh crore today, all without raising taxes.
“Car purchases in India are largely limited to the top 12% of households with an annual income exceeding Rs12 lakh, while even small cars have become unaffordable for the remaining 88%."
India’s services sector, long the linchpin of its economic dynamism, is showing signs of moderation.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
In its Economic Outlook for Asia-Pacific (APAC), S&P said that despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
The downward revision reflected delays in the recovery of automobile exports, impacted by certification-related issues with certain manufacturers.
Patanjali announces ₹1,000 crore investment in Madhya Pradesh agriculture at Rewa Conclave, pledging wheat procurement and new development projects to boost farmer income.
China’s recent pledge to significantly ramp up fiscal stimulus marks an important step in addressing its sluggish economic growth.
Uttar Pradesh Chief Minister Yogi Adityanath on Friday claimed that UP has become the growth engine of the country's development as the second-largest economy.
S&P Global Ratings on Thursday said India is poised to be the third largest global economy by 2030, but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity.
