Deloitte projects Indian economy to grow 7-7.2% in FY25, CFO News, ETCFO
The Indian economy could grow between 7-7.2 per cent in the current fiscal on strong government spending, and higher manufacturing investments, but a tempered global growth will impact the outlook for the next fiscal, Deloitte India said on Tuesday. In its ‘India Economy Outlook for October 2024’, Deloitte said the
Manufacturing, urbanisation key players for India to become developed economy by 2047: Amitabh Kant, ETCFO
NITI Aayog CEO Amitabh Kant. India’s G20 Sherpa and former NITI Aayog CEO Amitabh Kant contends that in order for India to grow at high rates of nine to ten per cent and become a developed economy by 2047, the country’s GDP has to grow by nine times and per
RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil, ETCFO
Mumbai: The Reserve Bank’s recent notification asking financiers to review their gold loan practices can slow down loan growth in the near-term and lead to an uptick in asset quality stress, a domestic rating agency said on Tuesday. “Potentially, this could impact gold loan disbursements during the transition phase and
Malaysia, Indonesia export sops for refined edible oils a worry, says IVPA chief
After the hike in edible oil import duties, the industry fears that refined oils may reach India via Nepal and Bangladesh where the Free Trade Agreement (FTA) is in force. Getting the edible oils processed there and selling it in India can still be cheaper. Besides, the Government has to
CBIC destroys ₹460 crore worth of drugs, foreign cigarettes, and contraband in SpecialCampaign4.0
The Finance Ministry on Friday said that various wings of the Customs department have jointly destroyed a total of around 49 lakhs cigarettes of foreign origin, around 73 Kgs of NDPS drugs (Heroin, Cocaine, Ganja, Charas, etc), Gutkha/ Pan Masala and eCigarettes. Also read: CBIC urges strict reviews of Govt
IMF sees major manufacturing shift towards India & China, CFO News, ETCFO
The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted a significant global shift in manufacturing production towards emerging markets like India and China, as advanced economies lose competitiveness. This trend indicates that emerging economies like India are becoming key players in the global manufacturing landscape.
Indian ceramic tiles industry thrives domestically but struggles in export markets: ICRA report, ETCFO
The Indian ceramic tiles industry finds itself at a critical juncture, as a recent report by ICRA reveals contrasting trends in the domestic and export markets. While the domestic sector remains strong, accounting for around 64 per cent of the industry’s revenue, exports are showing signs of weakness. This decline
RBI Governor Shaktikanta Das, ETCFO
India cannot risk another bout of inflation and the best approach would be to remain flexible and wait for more evidence of inflation aligning durably with the target, Reserve Bank Governor Shaktikanta Das observed in the last meeting of MPC while also noting that the Indian economy presents a picture
ITR data shows income inequality has come down, says SBI research report
Decoding Income Tax Return (ITR) data, a research report by the SBI has said that has said that individual income inequality has decreased. “Our analysis shows that there has been a cumulative 74.2 per cent decline in income disparity coverage for those earning up to ₹5 lakhs,” the report prepared
US labor market plodding along, but jobs becoming more scarce, ETCFO
The employment report for October will be published days before Americans head to the polls on Nov. 5 to elect a new president By Lucia Mutikani New applications for U.S. unemployment aid unexpectedly fell last week, but the number of people collecting benefits in mid-October was the highest in nearly