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.
Prime Minister Narendra Modi on Wednesday vowed to make the country the third largest global economy in the next few years and a developed nation by 2047.
The recently released minutes of the December meet- ing of the MPC shed light on a cautious approach, emphasising the need to remain vigilant amid the turbulence of volatile and uncertain food prices.
Modi was addressing the second Veer Bal Diwas at Bharat Mandapam, held since last year to commemorate the martyrdom of Sri Guru Gobind Singh’s sons, Sahibzadas.
China is a crucial thread in the intricate global economy, weaving its growth trajectory amid challenges that echo far beyond its borders.
The US economy ends on a high note with inflation down, job market up, consumer buying spirited , expectations of good news on housing, and Feds dropping interest rates in the new year, as the democrats end 2023 on a cheerful note.
