[ad_1] The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though itâs a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the NDA tenure….
[ad_1] Indiaâs economic growth remains strong, with the share of gross fixed capital formation in GDP above 31%, which is good news for the ongoing recovery. That said, policymakers and commentators would do well to stop crowing over India still being the worldâs fastest growing major economy. The US, with a GDP of $27.4 trillion,…
[ad_1] New Delhi: The fourth national conference of chief secretaries, scheduled for November, will prioritize employment, entrepreneurship, skilling creating an enabling ecosystem for services in tier-2 and tier-3 cities, two persons directly involved in the process said. The apex meeting of the countryâs top federal bureaucracy assumes importance against the backdrop of slowing growth and…
[ad_1] Coimbatore Collector Kranthi Kumar Pati has given âenter uponâ permission to the Airports Authority of India (AAI) for 472.32 acres to expand the Coimbatore International Airport. Coimbatore MP Ganapthi P. Rajkumar told reporters here on Saturday that the Collector issued the orders on Friday, based on a decision taken on August 16 by Chief…
[ad_1] In the next two decades, we aim to achieve 10 times growth in our gross domestic product (GDP), taking India from a $3.6 trillion economy to $30 trillion. Our journey, however, rests on three important pillars: Technology, infrastructure and employment. Their synergy will propel us to new heights. India is rapidly emerging as a…
[ad_1] Despite Indiaâs potential, foreign direct investment (FDI) data shows that the country has not fully capitalized on its opportunities. Strategic reforms are needed to enhance Indiaâs appeal among global investors. Drawing from successful investment models in China and Vietnam and feedback from various firms, we propose that an âinvestment-friendly charterâ should consider a four-step…
[ad_1] It underscores the governmentâs commitment to fostering a robust economic environment that facilitates growth across various sectors, ensuring India remains resilient amid global uncertainties. It also provides a detailed road-map that highlights nine major priorities over the next five years, focusing on the poor, women, youth and farmers. These priorities aim to uplift all…
[ad_1] Moreover, this has been done with attention to macroeconomic stability and fiscal prudence, adhering to a path of fiscal consolidation, with the fiscal deficit pegged at 4.9% for 2024-25, in contrast with 5.6% of GDP in 2023-24. This will open up space for private-sector participation. Focused on all-round development measures that would generate economic…
[ad_1] The budget presented on Tuesday is part of that forward-looking continuity. This continuity is anchored in conservative assumptions, given uncertainty (political flux, elevated asset prices and shipping disruptions). As finance minister Nirmala Sitharamanâs speech states, there are âsignificant” downside risks for growth and upside risks for inflation (though core inflation is under control). A…
