The food delivery platform sector in India employed 1.37 million workers in the financial year 2023-24 (FY24) and is growing at a compound annual growth rate (CAGR) of 12.3 per cent, estimates a new report released by the Delhi-based think tank National Council of Applied Economic Research (NCAER).
At nearly 82 per cent of GDP, India's public debt is very high, but the country doesn't face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. Participating in an event organised by NCAER, Gupta said India's high debt levels are sustainable for now because of higher real or nominal GDP and as most of the debt is held in rupee.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
For India, the challenge is to strike a balance between tactical necessity and economic priorities, point out Pravin Krishna and Monil Sharma.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
This is the lowest that the BCI has ever fallen in the history of 113 rounds of the NCAER Business Expectations Survey.
The Business Confidence Index (BCI) prepared by the Delhi-based think tank NCAER declined by 27.5 per cent in the first quarter of the current financial year over the previous quarter mainly on account of the second wave of the COVID-19 pandemic. The BCI on a quarter-on-quarter basis decreased by 35.3 per cent for the services sector, 32.9 per cent for the consumer durables sector, 32.3 per cent for the capital goods sector, 17 per cent for the intermediate goods sector and 14.3 per cent for the consumer non-durables sector, NCAER said in a release.
The Centre should privatise all public sector banks (PSBs), except the State Bank of India (SBI). This is because private banks have emerged as a credible alternative to PSBs with substantial market share. Also, government ownership hinders the ability of the Reserve Bank of India (RBI) to regulate the sector, according to a report by the National Council of Applied Economic Research (NCAER).
Nilekani is the president of NCAER's governing body, while Rohini Nilekani is the Founder-Chairperson of Arghyam, a foundation that supports initiatives around the country for safe and sustainable water and sanitation.
Road Transport and Highways Minister Nitin Gadkari on Tuesday favoured giving a majority 51 per cent stake to foreign partners in joint ventures for building tunnels and detailed project reports to improve work quality. Gadkari said providing a majority stake to a foreign partner in the joint venture is necessary to ensure that only serious and technically qualified players bid for tunnel projects.
NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging unless it can be financed through better revenue generation.
The Indian economy is expected to grow around 10 per cent during the current financial year on the likelihood of fewer COVID-19-linked supply disruptions and buoyancy in the global economy, said Poonam Gupta, director general of economic think-tank NCAER. The real challenge, however, would be to sustain a growth rate of 7-8 per cent in years to come, she said. "We could see annual growth in the ballpark range of about 10 per cent. "The reasons for this perceived optimism are: fewer supply disruptions; increased pent-up demand in the traditional and contact-intensive services; and a buoyant global economy.
The economic think-tank in its earlier projection had suggested that the Indian economy was likely to grow at 5.7 per cent in 2014-15.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
Leading economic think-tank NCAER has advocated slew of policy reforms, including a felxible labour regime, to boost exports from the country.
The Business Confidence Index formulated by NCAER stood at a seven-year low of 91.4 points in January 2009, plummeting 41 per cent compared to a year ago period. On a quarterly basis, the index lost 24 per cent compared to October 2008. 'This (BCI) is the lowest since January 2002,' the NCAER said in its quarterly review of the business expectations survey. It said the slowdown in the markets appears to be a leading factor in influencing the fall in business expectations.
NCAER has pegged the growth rate between 4.9 and 5.2 per cent, led by healthy projections in the industrial output and services sector.
Economic think tank NCAER fears that the Planning Commission's ambitious nine per cent growth target for the 11th plan may not be achievable.
FY14 economic growth rate pegged at 4.8-5.3%, WPI inflation set to rise
With all-round upturn in economic cycle except in agriculture, Economic think tank NCAER has forecast India's GDP growth rate at 6.5 to 6.7 per cent for this fiscal.
The agriculture sector has witnessed feeble growth on account of drought for two successive years
India's Current Account Deficit rose to a record 6.7 per cent in the quarter ended December of 2012-13.
Projecting a much better forecast than those made by the government and Reserve Bank of India, economic think tank NCAER on Tuesday said the Indian economy could grow by up to 8.9 per cent during 2008-09, despite a global slowdown.
Surging oil prices, deficient monsoon and the Tsunami disaster last year notwithstanding, business confidence has inched its way up to its highest level since December 1995, economic think tank NCAER said on Monday.
The NCEAR has indicated some improvement in the fourth quarter of the current financial year.
Recent estimates show that foodgrain production in 2016-17 has touched a new record of 273.4 million tonnes or 8.7 per cent higher as compared to last year.
Leading think-tank National Council for Applied Economic Research has underlined the need for encouraging manufacturing sector to generate more jobs especially for the unskilled workforce.
Economic think-tank NCAER on Thursday projected a comfortable 6.6-6.7 per cent economic growth this fiscal but said revenue deficit seems a "bit out of control" and concern on inflation remains.
The survey took the poverty line at Rs 356 per person per month in rural areas and at Rs 538 in urban areas for 2004-05.
Think tank NCAER on Friday said the country's growth rate is likely to be 5.9 per cent, a tad lower than its previous forecast due to slowdown in key manufacturing and services sectors.
Economic think-tank National Council for Applied Economic Research on Tuesday revised upwards the GDP growth forecast to 7.98 per cent in 2003-04 from its earlier projection of 7 per cent.
The National Council of Applied Economic Research has revised its forecast for the country's gross domestic product growth for 2006-07 to 8.44 per cent
NCAER on Wednesday forecast a higher 8.13 per cent growth for 2003-04, but warned that fiscal deficit would shoot up to 6.1 per cent of GDP due to increased government expenditure and surging inflation.
Economic think-tank NCAER has revised its projections for economic growth to 7.9 per cent for 2006-07, compared to 7.7 per cent made in April due to likely higher growth in industry and services sectors.
Economy is expected to grow by 7.2 per cent in 2005-06, a notch higher than Reserve Bank of India's estimate of 7.0 per cent
The economic think-tank National Council of Applied Economic Research on Thursday revised downward marginally India's economic growth to 6.62 per cent due to deceleration in farm output in 2004 even as fiscal deficit was slated to shrink to 4.52 per
High inflation and slowing down of growth have been forecast by an economic think-tank foe scenario improves, the inflationary pressures are likely to ease in the longer-term, National Council of Applied Economic Research (NCAER) said in its macrotrack monthly report.
Economic think-tank NCAER on Wednesday pegged the gross domestic product growth at 6.5 per cent in this fiscal, which would accelerate to 7.4 per cent in 2005-06 if government carried out far-reaching reforms.
Economic think-tank NCAER on Wednesday warned that lower agriculture growth would pull down average annual GDP growth to 6.7 per cent during 2002-07, as against the targeted 8.1 per cent
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