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India's economy may sustain growth due to investment and consumption growth: ITC

India's economy is likely to sustain its high growth this year amid strong momentum in fixed investments, a pickup in consumption, and a good Rabi harvest.

India's growth is expected to be supported by a good Rabi harvest and normal monsoons (Reuters)

business

Published on Jun 28, 2024 10:41 PM IST

PTI |

UPSC Paper Analysis: What experts said about the Civil Services Prelims exam

UPSC Paper Analysis: Check subject-wise analysis of the Civil Services Preliminary examination shared by experts.

UPSC Paper Analysis: Know what experts said about the Civil Services Prelims exam 2024

education

Updated on Jun 17, 2024 12:49 PM IST

ByHT Education Desk | Edited by Bishal Kalita

Indian economy projected to grow by 8% in FY25: CII president Sanjiv Puri

Puri said the Indian economy is on a higher growth trajectory and the estimate is achievable because of tailwinds such as a strong capex momentum, robust domestic demand, expectations of normal monsoon and global demand revival

Confederation of Indian Industry (CII) president Sanjiv Puri (Twitter/@FollowCII)

india news

Published on Jun 16, 2024 04:06 PM IST

ByRajeev Jayaswal

India's May manufacturing PMI falls to 57.5 from 58.8 in April amid heatwave

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8.

business

Updated on Jun 03, 2024 11:46 AM IST

Reuters |

GDP grows 7.8% in March qtr, full-year reading 8.2%

Indian economy grew by 8.2% in FY 2023-24, surpassing expectations, with fiscal deficit at 5.6%. Despite technical factors, economy shows resilience.

Union finance minister Nirmala Sitharaman summed up the development as a remarkable achievement of the Modi government (PTI)

india news

Updated on Jun 01, 2024 05:39 AM IST

ByRoshan Kishore, New Delhi

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%

Gross domestic product (GDP) expanded 6.2 per cent in the January-March period of the 2022-23 fiscal year.

A file photo of Prime Minister Narendra Modi with finance minister Nirmala Sitharaman

business

Updated on May 31, 2024 10:21 PM IST

ByHT News Desk | Edited by Mallika Soni

Semiconductor industry driven AI revolution: Opportunity beckons for India

Semiconductor industry & the memory and storage technology will drive the AI revolution as AI systems need large amount of data to be processed at high speeds.

education

Published on May 22, 2024 04:00 PM IST

ByV. Ramgopal Rao, Anand Ramamoorthy

Understanding the gig economy in the age of AI

This article is authored by Madhav Krishna, founder and CEO, Vahan Inc.

Artificial Intelligence words are seen in this illustration taken in March.(REUTERS)

ht insight

Published on May 16, 2024 10:10 AM IST

ByMadhav Krishna

51.40 crore person-years generated between 2014-24 under ‘ModiNomics': Report

Credit-led interventions boost employment under ‘ModiNomics’: SKOCH Report

Attendees wear face masks featuring Narendra Modi, India's prime minister, ahead of a campaign rally in Varanasi, Uttar Pradesh, India, on Monday.(Prakash Singh/Bloomberg)

india news

Updated on May 14, 2024 02:25 PM IST

ByHT News Desk

Indian economy expected to achieve higher than 7% growth in 2024-25: NCAER

The latest edition of EY Economy Watch released on Monday also has similar observations which said India’s FY25 growth continues the 7% plus post Covid.

NCAER’s outlook is a bit more optimistic than the 7% real gross domestic product (GDP) growth projected by the Reserve Bank of India (RBI) in its monetary policy review on April 5. (Representative Image)

india news

Updated on Apr 30, 2024 01:01 AM IST

ByRajeev Jayaswal

Learning from China to save India’s edge in ITeS

While the ITeS industry is likely to take a hit from generative AI, the potentially more threatening long-term trend is geopolitics. India must be prepared

FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo(REUTERS)

opinion

Published on Apr 20, 2024 10:00 PM IST

ByJanmejaya Sinha, Rajiv Gupta

Ola Cabs IPO soon? Bhavish Aggarwal's company to file papers in 3 months: Report

This marks Ola's second IPO attempt, following a 2021 plan to raise up to ₹8,300 crore, which was scrapped.

Ola is founded by Bhavish Aggarwal, a prominent figure in India's startup landscape.

technology

Published on Apr 19, 2024 08:33 PM IST

ByHT News Desk

IMF projects India's 2024 growth at 6.8%, remains fastest-growing major economy

IMF raises India's growth forecast to 6.8 per cent, citing strong domestic demand and young workforce.

IMF raises India's growth projection to 6.8% in 2024(AFP File Photo)

business

Updated on Apr 16, 2024 07:45 PM IST

ByHT News Desk

Both dovish and hawkish

RBI has maintained its stance on policy rate citing food inflation. But tying policy to food prices may force economy to sacrifice growth

The current growth momentum of the economy has given some policy buffer to RBI in keeping interest rates high and (potentially) erring on the side of caution.(PTI Photo)

editorials

Published on Apr 05, 2024 11:49 PM IST

ByHT Editorial

World Bank projects Indian economy to grow at 7.5% in 2024

According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years.

Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India.(AFP)

business

Published on Apr 03, 2024 08:25 AM IST

PTI |

Making the most of the India opportunity

Reconciling the projections of the country’s future growth with present demand conditions is bogging CEOs down. They need to seize the moment

The key point is that in this decade, India is starting to drive global GDP growth. In the next six years, it will add as much to global GDP as all of Europe, and half as much as the United States. (REUTERS/ FILE)

opinion

Published on Mar 30, 2024 10:09 PM IST

ByJanmejaya Sinha

What explains the disconnect between economic inequality and politics in India?

The World Inequality Lab's report on India's inequality has stirred debate. But a more interesting question is the muting of inequality as a factor in politics.

The interplay of inequality with politics is very different from the dialectic between poverty and politics in India (CES) (AP)

opinion

Updated on Mar 29, 2024 04:17 PM IST

ByRoshan Kishore

Morgan Stanley on India's economy: Boom like 2003-2007, on cusp of this big push

Morgan Stanley said that after a decade of investment to GDP steadily declining, capex emerged as a key growth driver in India.

Morgan Stanley said that the cycle is also driven by investment outperforming consumption, public capex leading initially.(Reuters)

business

Published on Mar 18, 2024 09:59 AM IST

ByHT News Desk

BSE employees receive threats from ‘Khalistani leader’

The police said all the clips were received from mobile numbers starting with +44 — the country code for the United Kingdom — however, the police suspect that the call may or may not have originated from the UK, as the country code can be changed by using VOIP

The police suspect it to be the work of Pannun, leader of Sikh for Justice (SFJ), who has given open threats to India in the past. (AP)

cities

Updated on Mar 15, 2024 06:26 PM IST

ByVinay Dalvi

Services PMI eases to 60.6, consumer inflation hits 2-year low in February

The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.6 last month.

Union finance minister Nirmala Sitharaman

business

Published on Mar 05, 2024 10:48 AM IST

Reuters |

GST collection in Feb ₹1.68 lakh cr, 4th highest so far

The data released on Friday upwardly revised gross revenue of previous month (January) to ₹1,74,106 crore from ₹1,72,129 crore

According to the second advance estimates data released on Thursday by National Statistical Office (NSO), the Indian economy saw a robust 8.4% growth the third quarter of 2023-24 (ANI)

india news

Updated on Mar 02, 2024 05:46 AM IST

ByRajeev Jayaswal, New Delhi

Making sense of GDP numbers

The uptick will boost sentiment in the economy. But a rejuvenation of private consumption and investment is necessary to sustain economic momentum

As far as the short-term, namely, annual growth performance in the fiscal year 2023-24 is concerned, the GDP numbers released on Thursday show an increase of 30 basis points (Representative image)

editorials

Published on Mar 01, 2024 09:47 PM IST

ByHT Editorial

India’s Q3 GDP bucks all estimates at 8.4% growth

GDP growth in the quarter ending December 2023 is 8.4%, almost two percentage points more than the 6.6% number predicted by a Bloomberg poll of economists

In terms of a sectoral growth performance, manufacturing and construction are among the best performers with annual growth rate of 8.5% and 10.7% respectively. (REUTERS/ FILE)

india news

Published on Feb 29, 2024 11:30 PM IST

ByRoshan Kishore, New Delhi

GDP growth at 8.4 per cent, PM Narendra Modi hails ‘strength of Indian economy’

The latest government data showed GDP grew by 8.4 per cent in the October-December quarter, against 4.3 per cent in the year-ago period.

india news

Updated on Feb 29, 2024 08:16 PM IST

ByHT News Desk

Addressing a data drought

Household Consumption Expenditure Survey data has implications for public policies

The availability of the Household Consumption Expenditure Survey data will allow a much-needed overhaul of many other important indicators in the country

editorials

Published on Feb 26, 2024 12:26 PM IST

ByHT Editorial

First consumption data released after 2011-2012

While declining food spending has been a long-term trend in CES data, this number has fallen below 50% for the first time in rural India

india news

Updated on Feb 25, 2024 05:01 AM IST

ByRoshan Kishore, Abhishek Jha

India to become $10 trillion economy soon: What World Economic Forum boss said

WEF President Borge Brende said, “The Indian economy is the fastest growing among all large economies of the world.”

Borge Brende, president of the World Economic Forum (WEF), during a panel session.(Bloomberg)

business

Published on Feb 22, 2024 01:18 PM IST

PTI |

India to be world's 3rd largest economy by 2027 with $5 trillion GDP: Jefferies

Indian Economy Prediction: Continued reforms and better corporate culture will also aid this push, Jefferies noted.

India will be the third largest economy by 2027, Jefferies noted.

business

Published on Feb 22, 2024 10:33 AM IST

ByHT News Desk

Municipal bonds for urban local bodies: A call for financial reforms

This article is authored by Hitesh Vaidya and Pankaj Goel.

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the interim budget session of the Parliament, in New Delhi (ANI)

ht insight

Published on Feb 16, 2024 07:04 PM IST

ByHindustan Times

BJP govt 'white paper' on UPA economy pure politics: Key Manmohan Singh aide

Sanjaya Baru, former media advisor to then PM Manmohan Singh, says UPA government presided over a period where the Indian economy grew by 8–9%.

Prime Minister Narendra Modia and former PM Manmohan Singh

india news

Updated on Feb 11, 2024 11:30 AM IST

ByRanjit Bhushan

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indian economy news

Latest from indian economy

India's economy is likely to sustain its high growth this year amid strong momentum in fixed investments, a pickup in consumption, and a good Rabi harvest.

UPSC Paper Analysis: Check subject-wise analysis of the Civil Services Preliminary examination shared by experts.

Puri said the Indian economy is on a higher growth trajectory and the estimate is achievable because of tailwinds such as a strong capex momentum, robust domestic demand, expectations of normal monsoon and global demand revival

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8.

Indian economy grew by 8.2% in FY 2023-24, surpassing expectations, with fiscal deficit at 5.6%. Despite technical factors, economy shows resilience.

Gross domestic product (GDP) expanded 6.2 per cent in the January-March period of the 2022-23 fiscal year.

Semiconductor industry & the memory and storage technology will drive the AI revolution as AI systems need large amount of data to be processed at high speeds.

This article is authored by Madhav Krishna, founder and CEO, Vahan Inc.

Credit-led interventions boost employment under ‘ModiNomics’: SKOCH Report

The latest edition of EY Economy Watch released on Monday also has similar observations which said India’s FY25 growth continues the 7% plus post Covid.

While the ITeS industry is likely to take a hit from generative AI, the potentially more threatening long-term trend is geopolitics. India must be prepared

This marks Ola's second IPO attempt, following a 2021 plan to raise up to ₹8,300 crore, which was scrapped.

IMF raises India's growth forecast to 6.8 per cent, citing strong domestic demand and young workforce.

RBI has maintained its stance on policy rate citing food inflation. But tying policy to food prices may force economy to sacrifice growth

According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years.

Reconciling the projections of the country’s future growth with present demand conditions is bogging CEOs down. They need to seize the moment

The World Inequality Lab's report on India's inequality has stirred debate. But a more interesting question is the muting of inequality as a factor in politics.

Morgan Stanley said that after a decade of investment to GDP steadily declining, capex emerged as a key growth driver in India.

The police said all the clips were received from mobile numbers starting with +44 — the country code for the United Kingdom — however, the police suspect that the call may or may not have originated from the UK, as the country code can be changed by using VOIP

The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.6 last month.

The data released on Friday upwardly revised gross revenue of previous month (January) to ₹1,74,106 crore from ₹1,72,129 crore

The uptick will boost sentiment in the economy. But a rejuvenation of private consumption and investment is necessary to sustain economic momentum

GDP growth in the quarter ending December 2023 is 8.4%, almost two percentage points more than the 6.6% number predicted by a Bloomberg poll of economists

The latest government data showed GDP grew by 8.4 per cent in the October-December quarter, against 4.3 per cent in the year-ago period.

Household Consumption Expenditure Survey data has implications for public policies

While declining food spending has been a long-term trend in CES data, this number has fallen below 50% for the first time in rural India

WEF President Borge Brende said, “The Indian economy is the fastest growing among all large economies of the world.”

Indian Economy Prediction: Continued reforms and better corporate culture will also aid this push, Jefferies noted.

This article is authored by Hitesh Vaidya and Pankaj Goel.

Sanjaya Baru, former media advisor to then PM Manmohan Singh, says UPA government presided over a period where the Indian economy grew by 8–9%.

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