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Economy

  • Economy

    Employment, agricultural productivity, manufacturing among nine priorities outlined by government in Union Budget

    by ANI July 23, 2024
    by ANI July 23, 2024

    The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman on Tuesday identified nine priorities for generating ample opportunities. Presenting the Union Budget in the Lok Sabha, she said subsequent …

  • Economy

    India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

    by ANI July 22, 2024
    by ANI July 22, 2024

    India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran said in a press conference after the tabling of the Economic Survey in …

  • Economy

    Productive jobs, skill gap, green transition, China conundrum among focus areas that finds mention in Economic Survey 2023-24

    by ANI July 22, 2024
    by ANI July 22, 2024

    The Economic Survey for 2023-24 tabled in the Parliament on Monday has identified six key policy focus areas for the government to achieve a sustained economic growth. Those six areas …

  • Economy

    Economic Survey 2023-24 shows agricultural credit increased nearly 1.5 times during financial year 2024

    by ANI July 22, 2024
    by ANI July 22, 2024

    The credit to agricultural and allied activities was in double digits during the financial year 2024 as per the Economic Survey 2023-24 tabled in Parliament on Monday. Union Finance Minister …

  • Economy

    Indian economy needs to generate nearly 78.51 lakh jobs annually in the non-farm sector- Economic Survey

    by ANI July 22, 2024
    by ANI July 22, 2024

    India’s workforce is nearly 56.5 crore, with more than 45 per cent employed in agriculture, 11.4 per cent in manufacturing, 28.9 per cent in services, and 13.0 per cent in …

  • Economy

    India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24

    by ANI July 22, 2024
    by ANI July 22, 2024

    The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product (GDP) in 2023-24 was 20 per cent higher than its level in …

  • Economy

    Govt’s timely interventions, RBI’s measures helped maintain retail inflation at 5.4 pc: Economic Survey

    by ANI July 22, 2024
    by ANI July 22, 2024

    The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government’s timely policy interventions …

  • Economy

    Indian economy on a strong wicket in face of geopolitical challenges: Economic Survey 2023-24

    by ANI July 22, 2024
    by ANI July 22, 2024

    The Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges, as per the Economic Survey 2023-24 tabled by Finance Minister Nirmala …

  • Economy

    FM Nirmala Sitharaman tables Economic Survey 2023-24 in Lok Sabha

    by ANI July 22, 2024
    by ANI July 22, 2024

    Union Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2023-2024 in the Lok Sabha. Earlier, Prime Minister Narendra Modi appealed to all parties to participate in the discussion …

  • Economy

    FM Sitharaman to present historic seventh consecutive Union Budget in paperless format

    by ANI July 21, 2024
    by ANI July 21, 2024

    As the Union Finance Minister, Nirmala Sitharaman, is set to present her seventh Union Budget, the Monsoon Session of Parliament will commence on July 22. With the presentation of this …

  • Economy

    Pakistan’s total debt to reach PKR 79 trillion by June 2025: Report

    by ANI July 20, 2024
    by ANI July 20, 2024

    The Shehbaz Sharif-led Pakistan government unveiled a three-year economic plan, which aims to increase the share of provinces in the federal budget from 39.4 per cent to 48.7 per cent …

  • Economy

    India’s forex reserves hit record USD 666.85 Billion, driven by surging gold and foreign currency assets

    by ANI July 20, 2024
    by ANI July 20, 2024

    India’s foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI). The data …

  • Economy

    India to triple its electronic production by 2025-26: RBI

    by ANI July 19, 2024
    by ANI July 19, 2024

    India’s electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted in the July 2024, monthly bulletin of the Reserve Bank of India (RBI). The bulletin also …

  • Economy

    Household savings are moving to mutual funds from banks impacting their liquidity: RBI Governor

    by ANI July 19, 2024
    by ANI July 19, 2024

    Households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI Governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, …

  • Economy

    India’s Apr-Jun quarter exports cross USD 200 bn, government optimistic of reaching USD 800 bn annual target

    by ANI July 15, 2024
    by ANI July 15, 2024

    As India’s exports in the first quarter of 2024-25 (April-June) crossed the USD 200 billion mark, the government has expressed its optimism about reaching its full-year target of USD 800 …

  • Economy

    Minister Piyush Goyal in Switzerland to advance EFTA’s USD 100 Billion investment in India

    by ANI July 15, 2024
    by ANI July 15, 2024

    Union Commerce and Industry Minister Piyush Goyal held discussion with the Director General of the World Trade Organisation in Zurich, Switzerland, on Monday. The minister is on an official visit …

  • Economy

    India’s foreign exchange reserves surge to touch fresh peak of USD 657.2 billion

    by ANI July 12, 2024
    by ANI July 12, 2024

    There’s no looking back for India’s foreign exchange reserves as they yet again touched a fresh lifetime high. In the week that ended on July 5, the foreign exchange kitty …

  • Economy

    PM Modi met with eminent economists and took their suggestions for Union Budget 2024

    by ANI July 11, 2024
    by ANI July 11, 2024

    In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday. This meeting, which also saw the participation of Finance …

  • Economy

    Centre must target 4.9% fiscal deficit in 2024 and continue consolidation, SBI Research suggests

    by ANI July 8, 2024
    by ANI July 8, 2024

    The government under Prime Minister Narendra Modi should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, suggested SBI Research ahead of the much-awaited full Budget …

  • Economy

    Pakistan’s public sector enterprises suffocate under mounting PKR 1.7 trillion debt

    by ANI July 8, 2024
    by ANI July 8, 2024

    The Pakistani government’s efforts to reform its public sector enterprises (PSEs) have been marred by persistent challenges, as highlighted by recent fiscal data and international funding initiatives, Dawn reported. Despite …

  • Economy

    India’s defence manufacturing surged 16.8 pc in FY24, says Rajnath Singh

    by ANI July 5, 2024
    by ANI July 5, 2024

    Defence Minister Rajnath Singh announced on Friday that India’s defence manufacturing sector has witnessed an increase of 16.8 per cent in the fiscal year 2023-24. This significant increase marks the …

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