When The House Fire Is Far From Burning Bright!
Households’ share of gross fixed capital formation has declined from a high of 37% in FY12 to just 28% in FY23.
Households’ share of gross fixed capital formation has declined from a high of 37% in FY12 to just 28% in FY23.
This suggests a shift in the trend growth rate post-pandemic, driven by domestic factors, write RBI economists
The growth forecast of 6.9% represents an uptick from the 6.2% estimate provided by the UN in January 2024
Deloitte states that by 2030/31, half of India's households will fall into the middle-to-high-income bracket, further boosting consumer spending.
The decision taken to account for all the government transactions relating to receipts and payments in the FY 2023-24 itself
For several years, micro, small, and medium enterprises (MSMEs) have been vital to India's economic growth. The government has a lot of work on its shoulders to get them back on track.
A survey conducted by the Bombay Chamber of Commerce and Industry, along with EY, has come up with suggestions to improve the ease of doing business based on feedback from MSMEs and other sectors.
The pandemic has exposed gaps in the notion of development across global markets. India now needs to rely on a circular economy, by laying emphasis on people, planet, and profits.
The health of an economy like India’s can often be gauged by how its midsize companies are doing. The Fortune India Next 500 list delves deep into these companies, to analyse how they are faring.
The consensus is that of the four engines of India’s GDP growth only one, government consumption—12% share of the economy, will be firing. The rest are sputtering or stalled.