An Indian Institute of Technology survey says every IIT-ian has created 100 jobs and that every rupee spent on an IIT-ian has 'created an economic impact of Rs 50 at the global level, half of which is India's share'.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
With jobs vanishing by the thousands as a fall-out of the economic downturn, the Economic Survey on Wednesday asked the government to review labour laws for pushing growth in employee-intensive sectors.
A cultural preference for sons in India may be expressed as 'son preference' or 'daughter aversion', arising from patrilocality, patrilineality, the cost of dowry, and old-age support from sons.
Global forecasting firm Oxford Economics on Monday revised downwards its India GDP growth forecast for 2021 to 10.2 per cent from 11.8 per cent previously, citing the country's escalating health burden, faltering vaccination rate and lack of a convincing government strategy to contain the pandemic. Oxford Economics also said that notwithstanding the likelihood of further mobility restrictions, it expects India's targeted lockdown approach, less stringent restrictions, and resilient consumer and business behaviour to mitigate the economic impact of the second wave.
Majority of India Inc is of the view that extreme moves in the form of monetary tightening made by the Reserve Bank to curtail inflationary pressure would slow down economic growth, a survey by industry chamber Assocham reveals.
The RBI projection of 6.9 per cent GVA growth for the current fiscal comes on the back of the Economic Survey last week forecasting economic growth of 6.5 per cent.
The Budget Session will be held from January 29 to April 6.
India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal. The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said.
Rajan said RBI should pay as much dividend as possible to the government, which over the past two years has run into billions of dollars
India's economic confidence improved last month in view of falling food prices and growth in exports.
'Our study finds that only about 20% of Indians are vegetarians and the rest of the 80% are non-vegetarians or meat-eaters.'
Literate and rich sections of the society do not cooperate enough with surveyors collecting economic data.
Inflation is on a declining trend, Eco Survey stated.
India's monstrous public distribution system ensured that the government, and not private players, became a huge hoarder of food grains.
CEOs from various sectors were part of the survey.
'We can go somewhere between 35 per cent and 40 per cent.'
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
While being "cautiously optimistic" about the country's economic growth, they said corruption and bureaucracy are among the 'big concerns' of the industry.
Deaton was at a loss when asked what the future held.
If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems.
Tension mounted in Dhinkia village in the Posco project site near Paradip in Orissa as the survey teams, conducting a socio-economic survey of the project site, came eyeball to eyeball with the villagers of Dhinkia, who vehemently oppose the project.
Is it is necessary to play divisive politics to succeed in the next general elections? asks Dr Sudhir Bisht.
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
In India, 60 per cent said they think they have the skills needed for their careers
Despite Dharavi being located in the Mumbai North Central constituency and Mahalaxmi Racecourse in South Mumbai, the issues have caught the attention of all parties and their candidates.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
The government on Tuesday attributed higher economic growth projected in the mid-year economic analysis for this fiscal than the Economic Survey to robust economic expansion in the first half.It, however, cautioned against the impact of fragile European recovery on Indian economy.
ONGC is the country's most profitable PSU.
Notwithstanding marginal growth in employment, there were as many as 28 million unemployed persons in the country in 2009-10.
Survey rejects EPFO as pension regulator
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
Though Indian banks' exposure to the troubled euro zone is negligible, funding pressure could impact them, Economic Survey 2011-12 said.
Forecasting 'slippage' in budgeted revenue and fiscal deficit targets for the current financial year, the Economic Survey 2011-12 has called for financial consolidation based on structural reforms in government expenditure.
Manufacturing activities in India fell to a five-month low in September as new orders rose at a softer pace, which tempered production growth, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) fell to 57.5 in September, down from 58.6 in August -- the lowest in five months. The September PMI data pointed to an improvement in overall operating conditions for the 27th straight month.
At least 34 people were killed during Cyclone Fani, which barrelled through coastal Odisha on Friday last, causing widespread destruction and leaving hundreds grappling with water shortage and power cut.
The session will begin with President Ram Nath Kovind's address to the Lok Sabha and Rajya Sabha assembled together in the Central Hall and chambers of both the Houses in view of the COVID-19 situation.
He used an old rule to cut the expenditure allotted to various ministries.
