Economy

New Delhi: Faster economic growth is only possible if the Union and state governments continue to implement reforms that allow small and medium enterprises to operate efficiently and compete cost-effectively, said the Economic Survey 2024 on Friday. Tabled in Parliament by Union Finance Minister Nirmala Sitharaman, the Survey recommended reducing excessive regulatory burdens, saying governments

New Delhi: The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday pegs India’s real GDP growth in 2025-26 between 6.3 and 6.8 per cent, “keeping in mind the upsides and downsides to growth”. The Survey expects the government’s emphasis on micro, small, and medium enterprises (MSMEs) and good rabi crop production

New Delhi: The evolving global trade dynamics, marked by gradual shifts towards greater protectionism, require assessing the situation and developing a forward-looking strategic trade roadmap, the Economic Survey 2024-25, presented in the Parliament on Friday ahead of the Union Budget 2025-26, said. India’s external sector continued to display resilience amid global headwinds and total exports

New Delhi: The government has laid a special focus on infrastructure — physical, digital and social — in the last five years and those efforts would need to be supplemented with wholehearted acceptance of the need for public-private partnerships in infrastructure across the country, the Economic Survey 2024-25 said on Friday. Tabled in the Parliament

New Delhi: India’s domestic economy remains steady amidst global uncertainties, driven by robust growth in the services sector, a rebound in agriculture, and the industrial sector picking up momentum on the back of rising private consumption, according to the Economic Survey tabled in Parliament on Friday. As per the first advance estimates released by the

New Delhi:  As Finance Minister Nirmala Sitharaman prepares to present Union Budget 2025-26 on Saturday, the government’s focus is expected to be on fiscal consolidation, infrastructure spending, and sector-specific incentives, according to top global brokerages and global financial institutions. According to Jefferies, consumer discretionary spending could be boosted by income tax cuts, and rural recovery

New Delhi: As India gears up for the Union Budget 2025-26, the focus on sustainability and resource self-sufficiency has never been more critical. The country generates over 3.2 million metric tonnes of e-waste annually, making it the third-largest producer globally. Industry leaders are advocating for strategic policy measures, including a Production-Linked Incentive (PLI) scheme for

New Delhi:  India’s domestic flights have recorded a passenger load factor of 86.4 per cent in 2024, to forge ahead of the US and China which figure at the second and third spot respectively, according to the latest report of the International Air Transport Association (IATA). India’s fast growing aviation sector has carried 16.3 crore

New Delhi:  PM-Surya Ghar, India’s flagship solar initiative, has crossed 8.5 lakh rooftop installations, marking significant progress towards the goal of powering 10 million households with solar energy, according to Minister of New and Renewable Energy, Pralhad Joshi. “The government aims to achieve 500 GW of renewable energy capacity by 2030, with a long-term vision

Seoul: The South Korean central bank said on Friday that volatility has grown in the U.S. stock market led by IT shares, calling for close monitoring of its potential impact on the local market. Bank of Korea (BOK) Deputy Gov. Ryoo Sang-dai made the comment during a meeting meant to check the market situation after