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.
At least 30 startups raised $248.87 million in funding last week as the Indian startup ecosystem continues to shine due to strong fundamentals of the economy.
As much as 95 per cent of India's trade by volume and 68 per cent by value moves through the coastal routes highlighting the scope for blue economy, said Dr. Pandurang Raut (IRS), Deputy Director General of Shipping, Union Ministry of Shipping.
The Indian middle class, often hailed as the backbone of the nation’s economy, is at a critical juncture.
The annual World Economic Forum (WEF) meeting in Davos comes at a time of unprecedented global challenges, where armed conflict has been identified as the most pressing risk for 2025.
Jharkhand, known for its rich cultural and natural resources, is taking a bold step toward economic empowerment through the One District, One Product (ODOP) initiative. This programme, aimed at promoting unique products from each district, is reshaping the state's economic landscape by encouraging local entrepreneurship and boosting exports.
