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.
China’s recently-reported economic data paints a concerning picture for the world’s second-largest economy.
The recent publication of SEBI’s detailed showcause notice of 26 June 2024 to the Hindenburg Report has unmasked a calculated assault on India’s thriving economy.
India’s approach to managing its state-owned enterprises has taken a notable turn. For years, the government’s strategy was characterised by aggressive privatisation, aiming to offload large segments of its more than Rs 50 lakh crore state sector.
The informal economy in India, a critical source of livelihood for the vast majority of the workforce, presents a paradoxical challenge.
Given the country’s innate strengths, it is possible to imagine India striking out into the next decade to become the second largest economy in the world not by 2048, but by 2031, and the largest economy of the world by 2060, RBI Deputy Governor Michael Debabrata Patra has said.
