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Despite a surfeit of welfare models being experimented across the world, the gulf between the rich and the poor has been widening. The pandemic has made the world more unequal, with wealth distribution becoming more skewed than ever before. In the case of India, the inequality is all the more stark. The latest ‘State of […]
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New Delhi: Reforms undertaken by the government within the Income Tax department and the “strengthening” of the Indian economy are among the major factors that led to the highest-ever direct tax collections in the country, which stand at over Rs 13.63 lakh crore, CBDT Chairman J B Mohapatra has said. He said apprehensions about the […]
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New Delhi: Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country’s GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities. Steep crude prices will pose stiff challenges in the form of higher […]
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Hyderabad: School of Business Management, Aristotle PG College, has recently conducted a two-day International Conference on the topic ‘Emerging Trends in Global Business-2022’ (ICETGB-2022) on the college campus. In his address, Jawaharlal Nehru Technological University-Hyderabad vice-chancellor, Prof. Katta Narasimha Reddy shared his views on the present day’s growing tendency in the areas of global business […]
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New Delhi: Finance Minister Nirmala Sitharaman tabled the economic survey in the parliament on Monday, for the second year running, the Economic Survey was written under the cloud of the Covid-19 pandemic. The Survey was first published in 1950-51 and was initially part of the Budget documents. It was less than 50 pages in the […]
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While the Indian economy is on the path of overall recovery from the worst hit it took at the start of the pandemic, the situation remains volatile in the face of the rapid surge of the Omicron variant and the informal sector continues to be in the red. Quite a few international agencies have downgraded […]
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While the Indian economy is on the path of overall recovery from the worst hit it took at the start of the pandemic, the situation remains volatile in the face of the rapid surge of the Omicron variant and the informal sector continues to be in the red. What is more worrying is the rising […]
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A ‘stable’ outlook should not lead to complacency as several parameters, including inflation, unemployment, are still in the red zone
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Hyderabad: The IT sector has done well despite the pandemic. In the last one year, the technology industry has contributed about Rs 14.2 lakh crore ($ 195 billion) to the Indian economy of which Rs 10.9 lakh crore ($ 150 billion) were from exports. That translates to about eight per cent of the GDP and […]
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Hyderabad: Just seven years into existence, Telangana, rising from being a parched poverty-ridden region, has emerged as the fourth largest contributor State to the country’s economy, says the Reserve Bank of India’s Handbook of Statistics on the Indian Economy 2020-21. The report said the Net State Value Added (NSVA) by Telangana at current prices to […]
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Income inequality, poverty and unemployment have deepened and the pandemic has accentuated them further
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Quoting the World Investment Report 2021, the Finance Minister said FDI inflows into India rose by 25.4 per cent to reach USD 64 billion in 2020
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Although a solid increase in aggregate demand may take some time
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"India will emerge as one of the largest global markets, both in terms of consumption size and market cap," he added
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Asked when private investments will pick up, Niti Aayog vice chairman Rajiv Kumar said in some sectors like steel, cement and real estate, significant investment in capacity expansion is happening already.
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Finance Ministry report suggested that maintaining a fast pace of vaccination and plugging the lags in the healthcare infra would be the most sustainable stimulus for economic recovery
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GDP growth in the current fiscal was estimated to be in double digits initially, but a severe second wave of pandemic has led to various agencies cut growth projections.
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Flagging low innoculation rate, it said faster vaccination progress will be paramount in restricting economic losses to the current quarter.
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According to an assessment by the Reserve Bank, the second wave has cost the nation about Rs 2 lakh crore in terms of output lost.
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CII president T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22.
