BUSINESS
IMF keeps global growth forecast unchanged at 3.2% for 2024
IMF flags upside risks to inflation, which have raised prospect for higher-for-longer rates
BUSINESS
IMF raises India’s FY25 growth forecast to 7% from 6.8%
Higher growth from previous year and improving private consumption prompt upward revision
BUSINESS
Why China's slowdown is not India's headache?
As China's growth slid to 4.7 percent in Q2 2024, economists said that a Chinese slowdown could marginally impact global growth but impact on India will be limited
BUSINESS
Revival in rural economy still a quarter away; monsoon, inflation, budget to play key roles: Experts
Recovery contingent on monsoon, lower inflation and Budget
TRENDS
MC Daily Monsoon Tracker: Sixteen states face normal rainfall conditions
Twelve states received deficient rainfall and another six faced excess and two experienced large excess rainfall
BUSINESS
Inflation hurt poorer states more than rich ones post pandemic
At 5.9%, average inflation in the five poorest states in the country, between January 2022 and June 2024, was higher than 5.78% logged by the five richest states in per capita terms
TRENDS
MC Daily Monsoon Tracker: These seven states face rainfall deficit of over 30 percent
India experienced 2.14 percent rainfall deficit as of July 14
TRENDS
MC Daily Monsoon Tracker: Twenty states and UTs face abnormal rainfall conditions
India experienced 2.1 percent rainfall deficit as of July 13
TRENDS
MC Daily Monsoon Tracker: Reservoir levels stay 10% below normal as rainfall deficit widens
India experienced 2.8 percent rainfall deficit, as number of rainfall deficit states rose to 12
BUSINESS
High inflation, better industrial growth will aid RBI in holding rates higher for longer: Economists
Food inflation risks persist, can hurt rural recovery, consumer goods growth and rate trajectory, economists said.
BUSINESS
India’s retail inflation rises to 4-month high of 5.08% in June
Food inflation remains above 8% for eighth consecutive month
BUSINESS
Index of industrial output surprises with a rise of 5.9% in May, shows data
The industrial output growth has risen to 5.9 percent in May, from 5 percent in the previous month, according to the official data released on July 12.
BUSINESS
Octogenarians to outnumber babies by 2063, shows UN population estimate
India could be first country to cross 2 billion if population grows faster
TRENDS
MC Daily Monsoon Tracker: India slips back into rainfall deficit
India received 2.3 percent rainfall deficit, as number of rainfall deficit states rose to 11
INDIA
India’s population to peak in 2062: UN Population report 2024
UN says countries must invest in education, health and infra to take advantage of demographic dividend
BUSINESS
Hiring trend: India Inc favours experience over youth in post-pandemic shift, shows EPF data
Indian companies are opting to hire more experienced, older workers. The good news is that women are leading the charge with the percentage of experienced women in net additions rising 167 percent in FY24 at just about a million from 371,858 in FY19.
BUSINESS
MOSPI preparing Vision 2029 document with focus on AI, ML
The document is also likely to lay down a year-wise plan for the ministry to work towards
BUSINESS
Guaranteed pension model will hurt states more than the Centre
A larger proportion of their revenue goes into servicing pensions
BUSINESS
Industry, services added 33% more jobs between FY14 and FY23: SBI Research
Employment addition in FY24 also points to an increase in better-paid jobs in the economy
TRENDS
MC Daily Monsoon Tracker: Nine states witness excess rainfall
India received 1.2% more than normal rainfall as of July 9
BUSINESS
Modi-Putin meet: India needs a solution for the ballooning trade gap with Russia
From being India's ninth largest import source nation in May 2022, Russia now occupies second place. But when it comes to exports, Moscow ranks a distant 25th.
BUSINESS
States need to nearly double growth to achieve $1-trillion economy goal in time
All states are set to miss their respective $1-trillion economy goal
BUSINESS
Moody’s keeps India’s 2024 growth unchanged at 6.8%
The rating firm predicted Indian economy to grow 6.4% in 2025; inflation to ease to 5.2% in 2024 and 4.8% in 2025
BUSINESS
MC Daily Monsoon Tracker: Sowing picks up as rainfall situation improves
Paddy, pulses and oilseeds acreage up 50 percent on year as of July 5
