While a massive 4.67 crore additional jobs were created in the Indian economy in the financial year ended March 2024, the fast pace of employment generation has continued into 2024-25 in both the formal and informal sectors, official data shows.
The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday.
Notably, the rupee dropped to 85.0650 against the US dollar in early trade, compared to 84.9525 on Wednesday.
Indian economy is to grow at 6.6% in 2025-26, up from 6.4% in the current fiscal year, India Ratings and Research (Ind-Ra) projected on Wednesday.
Even though the Indian Economy slowed down to 5.4 per cent in the second quarter, it will grow in the range of 6.5 to 7 per cent this fiscal, voiced Chief Economic Advisor (CEA) Anantha Nageswaran on Thursday.
Good thing is, as the Survey has pointed out, that the Government has the fiscal capacity to maintain the support, and ramp up capital expenditure when required.
Politicians usually prefer policies where benefits are concentrated and costs are diffused famers bills are an example of the opposite kind and in case the FM had so decided, the benefits extended to the poor were likely to fetch votes. But to her credit, she has steered clear of that wasteful trajectory, and in keeping with the governments philosophy, preferred the tougher course instead, by focussing on creating capacity in the economy through a massive boost in capital investment
Addressing the nation on the eve of the 73rd Republic Day, he said it is a testimony to India’s spirit in the face of adversity that the economy is on the move again, after going through contraction last year.
By modernizing and adopting green technological innovations, India's MSME sector can create new economic opportunities and strengthen its long-term competitiveness.
The SJM leader underlined the need for cashing in on the anger of various counties of the world against China.
