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.
India’s foreign exchange reserves jumped by $5.16 billion to scale a lifetime high of $657.16 billion during the week ended July 5, according to RBI data released on Friday.
Prime Minister Narendra Modi’s interaction with Russian President Vladimir Putin has captured global attention, underscoring the complexities of international diplomacy in times of conflict.
Both leaders acknowledged the role played by industry leaders in strengthening bilateral relations and promoting economic cooperation between India and Austria.
He assured that the government will continue to support these initiatives.
The Indian economy is among the few in the region where investment rates rose between 2015 and 2023, a report showed on Monday.
