BUSINESS
India’s remittances could reach over 4% of GDP by 2030: GATI Foundation founders Ashish Dhawan and Manish Sabharwal
India’s remittances, at around $129 billion, were almost double that of the second largest country Mexico at $68 billion in 2024
BUSINESS
Insolvencies take 58 percent longer, IBC admissions up 2.5x compared to 2020
By the end of 2024, it took 701 days to complete insolvency resolution, more than twice the time allowed by the IBC, which has mandated a resolution in 330 days.
BUSINESS
Moody’s Ratings cuts India’s 2025 growth forecast to 6.3%
The ratings agency flagged geopolitical stresses as potential downside risk to its global forecasts, citing India-Pakistan tensions and the China-Philippines' flare-up in the South China Sea among others
BUSINESS
India’s services activity rises to 58.7 in April
Manufacturing index had increased to a 10-month high in April, rising to 58.2 compared with 58.1 in the previous month
BUSINESS
India moves up three places to 130 on UNDP's Human Development Index
India’s latest score in the HDI ranking has improved from 0.685 from 0.644 a year ago, taking the ranking to 130 alongside Bangladesh on the scale.
BUSINESS
Pakistan more reliant on multilateral agencies for debt now than in 2019
The ratio of ADB in Pakistan’s external debt has increased to 18.4 percent from 14.7 percent in June 2019
BUSINESS
Pakistan’s trade has become more China-dependent since 2008
In 2024, China was Pakistan’s largest trading partner accounting for 20.7 percent of exports and imports, compared with 8.7 percent in 2008.
BUSINESS
ED attached highest assets worth over Rs 30,000 crore under PMLA in 2024-25
The amount of attachment by the investigation agency reached its highest level ever, with a near 2.5-fold time increase over the previous year, as the agency investigated 461 cases
BUSINESS
India's PMI gauge shines as uncertainty dents manufacturing across the world
While factory activity across major economies took a dip, India’s manufacturing performance surged to a 10-month high of 58.2 in April compared with 58.1 in the previous month.
BUSINESS
Manufacturing activity reaches 10-month high of 58.2 in April as exports surge
India’s economy had a better start to the fiscal, as GST collections rose to an all-time high of Rs 2.37 lakh crore compared with Rs 1.96 lakh crore in March and Rs 2.1 lakh crore in April 2024
POLITICS
SC districts have done better on poverty reduction than non-SC districts: Census data
While the average poverty reduction across districts was 29.6 percent across the country, districts with more SC population saw multidimensional poverty decline by 39 percent between 2015-16 and 2019-21.
BUSINESS
Economy delivers a strong start to the fiscal with GST, UPI touching new highs
The GST collections reached an all-time high of Rs 2.37 lakh crore compared with Rs 1.96 lakh crore in the previous fiscal and beating previous April’s high of Rs 2.1 lakh crore.
BUSINESS
Gross GST collections rise to an all time high of Rs 2.37 lakh crore in April
The pace of collections at 12.6 percent was also highest in 17 months
BUSINESS
UPI transactions near 600-million daily mark in April
However, the value of transactions dipped in April to Rs 24 lakh crore from the Rs 24.8 lakh crore in the previous month but remain above Rs 20 lakh crore for the 12th month in a row
BUSINESS
Govt to launch full service sector survey from Jan 2026; pilot shows domination of larger firms
Service sector firms valued at Rs 500 crore or more account for more than 60% of the capex and 70% of the output, a study has found
BUSINESS
Construction, hospitality, manufacturing, and education to keep private capex going amid investment slowdown
Overall private sector capex is set to decline by a fourth in FY26 to Rs 4.9 lakh crore from Rs 6.6 lakh crore expected in FY25.
BUSINESS
India’s private capex likely rose 66% between FY22 and FY25 to Rs 6.56 lakh cr, likely to taper in FY26
Capex from private sector is expected to taper off in the current fiscal to Rs 4.9 lakh crore, but will still remain higher than levels witnessed between 2021-22 and 2022-23
BUSINESS
Canada has been slowly weaning away from the US, but is still highly dependent
While US still accounted for a significant 76 percent of Canada’s exports in 2024, this ratio has declined over the years. In 2002, 87 percent of Canada’s exports were headed to its North American neighbour, which reduced to 79 percent by 2007
BUSINESS
Trump effect? Computer, electronics production jumps to 33-month high in March
India’s computers and electronics production reached a 33-month high of 21.5 percent in March, surging from 11.2 percent in the previous month
BUSINESS
Industrial growth picks up in March at 3% but ends FY25 lower at 4%
The core sector, which has a 40 percent weight in IIP, grew at 3.8 percent, up from 3.4 percent in the previous month, as steel, cement and electricity picked up
BUSINESS
Pakistanis linger longer in India than people from anywhere else in the world
While an average of 72,000 people visited from the neighbouring country between 2001 and 2016, arrivals from Pakistan have averaged 27,000 since 2017.
BUSINESS
J&K was among top 10 states with highest net capital addition by informal firms in FY24: MoSPI data
Post-pandemic, the union territory had added 8 percent more informal firms, mostly micro, medium and small enterprises. The region now boasts of over 700,000 firms operating in manufacturing, trade and other services sector, including tourism
POLITICS
India’s embassy in Pakistan was one of the largest until 2020
A Moneycontrol analysis shows that India’s mission to Pakistan had one of the highest sanctioned strengths among all embassies at 111.
BUSINESS
How India left Pakistan’s economy in the dust post 2000
Reforms in 1991 and measures taken by the Indian government in subsequent years has helped the economy grow faster.
