How macroeconomic indicators performed in December 2024?, ETCFO
State of the Indian Economy: December 2024 By Samriddhi Singh Mahar & Siddhi NawarThe International Monetary Fund (IMF) projects India to become the fourth-largest global economy by 2025, surpassing Japan with a nominal GDP of USD 4,340 billion. The end of the year has been eventful for the Indian economy,
₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants
The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in
India’s economic growth poised to rebound as demand picks up: RBI bulletin, ETCFO
Mumbai, Jan 18 (IANS) India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects,” according to the RBI’s monthly bulletin for January. Mumbai, India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience
Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy
Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
Dropping degree requirements, 30 per cent of Indian employers looking to shift to skills-based hiring: WEF
In a transformative shift, around 30 per cent of Indian employers are looking to adopt skills-based hiring practices by removing degree requirements, a significant increase compared to the global figure of 19 per cent, said World Economic Forum (WEF) in its Jobs Report 2025. The evolving landscape in India reflects
Charting India’s agricultural future: Budget 2025
India’s agricultural sector, engaging roughly 45.8 per cent of the workforce, is central to the nation’s economic and social fabric. Despite employing nearly half of the workforce, it contributes only around 18% to GDP, underscoring productivity challenges and the need for modernisation. As the Union Budget 2025 nears, it presents
Global wheat prices seen under pressure on record output
Global wheat prices will likely come under pressure in 2025 on record production but tightening supplies may offer short-term support, analysts have said. Wheat prices continue to decline on soft red winter harvest expectations. “Our revised forecast for the 2025 annual average second-month CBOT-listed wheat price has been adjusted downward
Milky Mist takes a step towards ₹2,000 crore IPO, picks investment bankers
2025 is set to be a milestone year for Erode-based food products major Milky Mist. The company has started its process to go public by picking investment bankers for the issue. JM Financial and IIFL Capital Services are among the bankers running the process, as per sources. The company, which
Gem, jewellery exports dip on weak demand
Gem and jewellery export dipped 10 per cent last month to $1.97 billion against $2.19 billion on back of geopolitical tension and global economic slowdown. In rupee terms, it plunged to ₹16,719 crore (₹18,270 crore), as per the Gems and Jewellery Export Promotion Council data. With the looming economic uncertainty,