Category: Economy

Unincorporated enterprises in the manufacturing sector lost nearly 1.8 million establishments and shed 5.4 million jobs between July 2015-June 2016 and October 2022-September 2023, an analysis of the fact sheet on ‘Annual Survey of Unincorporated Sector Enterprises (ASUSE)’ and the comparable 73rd round survey in 2015-16 by the National Statistical Office (NSO) showed. An estimated […]

Budget 2024 Expectations: Economists batted for continuing the capital spending push to spur growth, fiscal prudence and steps to boost jobs. The focus on the quality of spending, sans mindless freebies and steps to further curb inflationary pressure should continue, some of the economists told Finance Minister, Nirmala Sitharaman at the meeting, advising against reckless […]

The fiscal deficit, which reached a record high of 9.2% of GDP in Covid-hit FY21, has been brought down to 5.6% in FY24 and is projected to be 5.1% in the FY25 interim Budget presented on February 1. The Budget for 2024-25 should focus on fiscal rectitude while providing for social welfare, capital expenditure, and […]

After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]

Japan boosts its tourism industry by implementing a visa-free entry policy for 71 countries, including Schengen nations, USA, Canada, UK, and Turkey. Japan’s decision to implement visa-free entry for citizens of 71 countries, including those in the Schengen area, has given a significant boost to its travel and tourism industry. This policy change has made Japan […]

India has been dubbed the “perfect” emerging market to invest in, but it can be tricky for those outside the country to gain access. CNBC Pro assesses the case for buying into this booming economy, the risks to consider and how global investors can get involved. India’s stock market has been making headlines this year […]

Moody’s Ratings on Thursday said India will remain the Asia-Pacific region’s fastest-growing economy in 2024, sustaining last year’s domestically driven momentum. In a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody’s Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue […]

State Bank of India Chairman, Mr. Dinesh Kumar Khara has said that there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crores are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for […]

This year’s interim budget provided a token amount for PLI for toys but details will be spelt out when cabinet approval is in place. The Government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken […]