The study reveals that the gap in monthly per capita consumption expenditure has narrowed considerably, dropping from 88.2% to 69.7% of rural MPCE since 2009-10.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index was at 56.4 in December, down from 56.5 in November, indicating a weaker improvement in operating conditions.
The government’s continued focus on infrastructure development, digitisation, and attracting FDI will be the additional growth booster, enhancing overall efficiency.
PSBs reported a 25 per cent jump in their total net profit to Rs 85,520 crore in the first half of 2024-25 compared to Rs 68,500 crore in H1’FY23 and the trajectory is likely to continue in the second half as well.
In its report released on Wednesday, real estate consultant JLL India has estimated the institutional investment in Indian real estate at USD 8.878 billion in 2024 compared to USD 5.878 billion in the preceding calendar year.
The Wholesale Price Index (WPI) based inflation was 2.36 per cent in October 2024. It was 0.39 per cent in November, last year.
India’s GDP growth fell to a 7-quarter low of 5.4 per cent in July-September period of current financial year 2024-25 as against RBI’s own projection of 7 per cent.
The Reserve Bank of India (RBI) maintained the status quo on interest rate despite July-September quarter GDP growth falling to 7-quarter low of 5.4 per cent, as against its own projection of 7 per cent.
Assocham, in collaboration with Egrow Foundation, conducted an in-depth study on ‘MSMEs Facing Challenges in Doing Business’.
The meeting assumes significance as states finance ministers would present their recommendations for 2025-26 Budget to be unveiled on February 1, 2025.
Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows.
Speaking at Columbia University, she emphasized India’s readiness for this global transition that will shape future economic growth.
The government approved the Rs 10,683 crore PLI scheme for the textiles sector in 2021, aiming to promote the production of man-made fabric and technical textile products over five years.
The wholesale price index (WPI)-based inflation was 1.31 per cent in August. It was (-)0.07 per cent in September last year.
In a strongly-worded statement while announcing the bi-monthly policy review, Das asked such NBFCs to be sincere, fair and follow sustainable practices.
Following the Monetary Policy Committee (MPC) meeting, Governor Shaktikanta Das conveyed that real GDP growth for Q1 of 2025-26 is expected to be 7.3%, with evenly balanced risks.
Real estate brokerage platform PropTiger, which is part of Australia’s REA group that owns Housing.com, on Tuesday, released its report ‘Real Insight’ on India’s residential market.
The report underscores that the strong domestic economy is a critical factor in the RBI’s decision-making process.
The Swiss banking giant’s upward revision comes after a remarkable 29 percent rise in gold’s value this year, driven by strong investment demand, a weakening US dollar, and escalating geopolitical tensions.
An estimated 48 lakh weddings will take place nationwide in November and December 2024, leading merchants and retailers to brace for an unprecedented demand surge for wedding-related goods and services.
Despite this, the total number of cards-in-force (CIF) increased by 0.9% MoM to 105.5 million. This marks a 15.6% annual growth, although it has slowed from 16.4% in July and a notable 20.7% in January 2024.
Foreign fund inflows bolstered market confidence, with the BSE Sensex climbing 129.91 points to a record 85,966.03 in early trade, and the NSE Nifty rising 61.3 points to 26,277.35.
The report highlighted that discretionary spending, particularly in urban areas, supports a bullish outlook on the country’s consumption growth, making retail real estate, especially malls, an attractive investment opportunity in the coming decade.
A decline in India’s Services PMI also affected the investor sentiment while gains in domestic equity markets capped losses in the local unit, forex traders said.
The anticipated cut in interest rates by the U.S. Federal Reserve – the first in over four years – may prompt other central banks to follow suit. However, the RBI is taking a cautious approach.
