BUSINESS
India formalised Rs 26 lakh crore of the economy in seven years: SBI Research
The share of the informal economy had fallen to 23.7% in FY23 from 25.9% in FY16
BUSINESS
Private sector activity regains momentum, rises to 60.9 in June
Manufacturing activity rose to 58.5 in June from 57.5 in the previous month.
TRENDS
MC Daily Monsoon Tracker: India’s deficit narrows, Delhi worsens
Delhi’s situation continued to remain grim as the national capital’s rain deficit widened to 95%
TRENDS
MC Summer Dashboard: Heat wave days rise further in third week of June
Sub-divisions like Haryana, Delhi and Chandigarh experienced 7 heat wave days between June 13 and June 19
BUSINESS
FDI inflows decline 43%, India drops to 15 in UNCTAD’s FDI rankings
India remained one of the top destination in terms of greenfield project announcements and international project deals
BUSINESS
MC Analysis: Budget FY25 - Industry bodies push for an over Rs 1 lakh crore boost to economy
A large proportion, nearly 60%, is expected to go towards capex
BUSINESS
The positive side of India’s heat wave, industrial production to stay steady around 5% level: Economists
The index of industrial production eased to 5% in April from 5.4% in the previous month, but stayed above the 5% mark for third consecutive month.
BUSINESS
India, Cambodia discuss UPI, investment opportunities
The countries had signed an MoU on tourism cooperation in 2015
BUSINESS
MC Daily Monsoon Tracker: North India stares at a huge rain deficit; Delhi worst
India had a rainfall deficit of 18% for period between June 1 and June 19
ECONOMY
India must move fast to make data readily and easily available to end-users: National Statistical Commission chairman RL Karandikar
National Statistical chairman pitches for faster availability of data to users, flags the issue of government lagging behind private companies.
BUSINESS
India needs a new poverty line estimate, says EAC-PM chairman Bibek Debroy
Debroy contends that poverty line estimate given by the Tendulkar committee is over a decade old. He added that it is Important to look at state wise inequality estimates
BUSINESS
MC Exclusive: Govt considers releasing monthly unemployment data; GDP, CPI base year revision call by year-end, say sources
Statistics ministry is considering releasing monthly urban unemployment data, quarterly rural employment
BUSINESS
Heatwave to keep food inflation high in coming months, say economists
Pulses inflation may remain in double digits for a longer period; base effect to curb food inflation from Q2FY25
BUSINESS
India will lose fewer millionaires in 2024 compared to the previous year: Wealth report
India is likely to be third after China and the UK in terms of migrations from the country
BUSINESS
Cost overrun in central govt projects rises to 14-month high of 20.7% in May
The anticipated cost exceeded the original cost by Rs 5.7 lakh crore, according to the ministry of statistics and programme implementation data. The original cost of projects was Rs 33.3 lakh crore.
BUSINESS
Delhi endured 105 heatwave days in last decade, productivity takes a toll
North India’s share in total heatwave days rising; heatwaves impacted production in May 2024.
BUSINESS
Fitch revises India’s FY25 growth forecast upward to 7.2%
The rating agency projects growth to taper down to 6.5% in the next fiscal (FY26) and further to 6.2% in the following year.
