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 economic data paints a concerning picture for both its manufacturing and services sectors. The manufacturing PMI has remained at 49.5 for the second month in a row, indicating a persistent contraction.
India is facing a water crisis that could significantly undermine its economic stability and growth prospects, according to Moody’s Ratings.
Countries have finite resources and infinite concerns to support. This necessitates prioritizing those concerns with maximum impact, stakes, and moral imperatives.
India’s economic landscape presents a paradox of rapid growth alongside deep-seated inequality. The disparity between the prosperous and the impoverished is stark, with Uttar Pradesh, India’s most populous state, highlighting the chasm.
India is facing a potentially severe agricultural and humanitarian crisis due to the delayed arrival of the monsoon.
