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.
As India anticipates the upcoming Union Budget, the spotlight is firmly on initiatives that could redefine economic priorities under Modi 3.0. Amid the flurry of expectations and promises, the government’s emphasis on skills, employment, and innovation stand out as a pivotal strategy in navigating current challenges and shaping future opportunities.
The US Federal Reserve chairman Jerome Powell’s current stance on interest rates reflects a prudent approach to economic policy.
A meeting has been convened by the Tea Board of India to discuss and decide on the price sharing formula (PSF), based on the important suggestions provided in a report submitted by an agency.
The theme of the 7th GST Day is Sashakt Vyapar Samagra Vikas (empowered trade overall growth).
The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said on Monday.
