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 the dust settles on the country’s latest economic indicators, a nuanced picture emerges of an economy navigating through a delicate balance.
The LG was inaugurating the new girls hostel at the National Institute of Technology (NIT), Srinagar.
India’s market cap is currently the 5th largest globally (US $4.5 trillion) but its weight in global indices is still low at 1.6% (10th rank), foreign brokerage, Jefferies said in a report.
India’s recent economic trajectory has been a roller coaster of highs and lows, marked by ambitious reforms and unexpected challenges.
Finance Minister Nirmala Sitharaman on Thursday tabled a 'White Paper' on the Indian economy in the Lok Sabha which blamed the erstwhile UPA government for the ‘mountain of bad loans’ and ‘double-digit inflation’ in the period before the Narendra Modi-led government took charge.
