In a dazzling display of success, two of India’s leading jewellery giants, Titan and Kalyan Jewellers, are set to illuminate the business world with double-digit revenue growth in the third quarter of the fiscal year. Despite challenges like fluctuating gold prices and unexpected events, both companies have exhibited resilience and operational prowess during the festive … Read more
In the intricate landscape of economic forecasting, the recent projection of a 7.3% GDP growth for the fiscal year 2024 by the National Statistical Office (NSO) has stirred conversations among economists. Behind this seemingly optimistic figure lies a critical factor – the Rs 2.94 trillion contribution of a mysterious entity known as “discrepancy.” Understanding the … Read more
In the realm of measuring a country’s progress, Gross Domestic Product (GDP) stands tall as a yardstick for growth. Our government champions GDP growth as a pivotal indicator of its success, proudly asserting India’s position as the fastest growing economy, surpassing the likes of France with its eyes set on Britain. However, amidst doubts about … Read more
In a recent address at the inauguration of Patsan Bhavan in New Town, Kolkata, Union Commerce and Industry Minister Piyush Goyal conveyed a hopeful outlook for India’s economic future. Despite acknowledging the prevailing global challenges, Goyal expressed confidence that India would achieve its ambitious USD 2 trillion export target by 2030. This bold vision comes … Read more
In a positive turn of events, India’s economic landscape is showcasing robust growth, with the first advance estimates of the National Statistical Office (NSO) projecting a 7.3% real GDP growth for the fiscal year 2023-24. This figure, a slight improvement from the previous year’s 7.2%, has garnered praise from economists and experts alike. In this … Read more
In a recent interview, TT Ram Mohan, a member of the Prime Minister’s Economic Advisory Council, shared insights on India’s economic performance, the challenges ahead, and the role of policy measures. As the country aims to achieve a $5 trillion GDP by 2027, Mohan highlights the need for realistic growth expectations, the importance of balancing … Read more
In the dynamic landscape of global trade, India finds itself at a crossroads, engaging in free trade negotiations that could shape its economic future. The Global Trade Research Initiative (GTRI) recently highlighted concerns about potential pitfalls in these negotiations, emphasizing that India might be giving up more than it stands to gain. Let’s delve into … Read more
In the fast-paced world of finance and economic policy, the spotlight often shines on central banks only during times of crisis. Yet, as we usher in a new year, it’s crucial to recognize the pivotal role these financial guardians play in shaping the destiny of nations. Federal Reserve Chair Jerome Powell and his counterparts around … Read more
The surge in electric vehicle (EV) adoption in India is rapidly gaining momentum, driven by proactive government initiatives and a heightened focus on reducing emissions to achieve the net-zero target. The latest data from the government’s Vahan dashboard reveals a significant milestone, with 1.4 million EVs registered in the current calendar year, reflecting a remarkable … Read more
As we step into the new year, there’s a notable buzz in financial circles about the expected trajectory of Indian government bond yields in 2024. The dynamics at play are intriguing, with factors such as state borrowing schedules and global economic trends influencing the sentiment around these crucial financial instruments. Current Scenario: The 10-year benchmark … Read more