Concerns have been raised about the exploitation of unemployed youth and financially stressed individuals in India due to the increase in illegal activities facilitated by Chinese loan apps.
A pick-up in capex is expected to become more broad-based in FY25, led by marginally moderate public capex but higher private corporate capex after elections, Jain said.
In an initial boost to the PM's idea and a validation of sorts to his demonetisation announcement, the Reserve bank of India soon said that 98 per cent of the scrapped notes were returned to the banking system.
Annual retail inflation, called CPI or consumer price index, rose 5.02 per cent in September from 6.83 per cent in the previous month on the back of softer vegetable prices, according to data released by the National Statistical Office
Confederation of Indian Industry President R Dinesh said the growth will be supported by strong domestic drivers and robust momentum in capital expenditure
With country's focus riveted on Adani, none noticed an important development. India's Forex reserves hit an 11-week low, rupee traded in a thin range of 82.56 to 82.89 and exports declined.