April private sector growth fastest in 14 yrs on demand boost: PMI
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
indian economy
April 2024
India’s macro fundamentals ‘strong’; growth ‘very good’: IMF
IMF’s Asia and Pacific Dept director says investment in China and India could contribute disproportionately to growth — much of it public, especially in India
PHD Chamber forecasts India to be $34 trillion economy by 2047
The chamber estimates that the contribution of services to India’s GDP will be 54%, followed by industry (34%) and agriculture (12%) in 2047.
Wholesale inflation rises to 0.53% in March
The country’s wholesale price index in March stood at 151.8. The wholesale price index stood at 151.2 for February and January.
Reshape Indian economy by ‘servicification’ of manufacturing
While India’s labour force participation rate (LFPR) has continued to increase over the last 5 years, it is important to look at the quality of jobs being created.
Former Congress leader Gourav Vallabh joins BJP
In his resignation, he also claimed that there is huge disconnect of the Congress party from the ground realities.
It’s Still Heavy Lifting By The Exchequer!
The investment rate, or the proportion of GFCF in GDP, leaped to 32.4% in the December quarter, up from 31.8% in the same quarter the previous year.
RBI MPC meet: Expect repo rate cut only in Q3 FY25, says SBI
The strong evidence of emerging economy central bank rate actions is predicated by advanced economy actions, but India is an exception, says SBI
GST revenue up 11.5% at ₹1.78 lakh cr in March; 2nd highest ever
Yearly gross revenue ₹20.14 lakh crore, which is a growth of 11.7%
RBI@90: Past 10-yr economic reforms just a ‘trailer’; still a lot to do, says PM
RBI is the appropriate body for the holistic appreciation of the banking vision of Viksit Bharat, says PM Modi
