BUSINESS
Bangladesh has been increasing its China dependence; data shows India still a major player
Despite a lower share in Bangladesh’s imports than six years ago, the country’s reliance on cotton from India has increased. In 2023-24, 26 percent of India’s $9 billion exports to Bangladesh were in cotton compared with 20.2 percent a year ago
BUSINESS
Bananas and chillies contributing more to the economy than a decade ago
Trade in spices has risen 37 percent between FY18 and FY24, while banana exports have been up 391 percent during this period
BUSINESS
Jammu and Kashmir may take two years to return to normalcy
The erstwhile state of J&K was growing at an average 5.1% for five years prior to the Kargil war of 1999, but growth in FY1999-2000 and FY2000-01 was lower at 4.5% and 1.8% respectively.
BUSINESS
India's economy emerged unscathed from Kargil war
The Indian economy grew at 6.8 percent in 1999 against IMF’s prediction of 5.7 percent
INDIA
PM Jeevan Jyoti Bima Yojana, Atal Pension Yojana complete a decade, see improvement in claim, gender ratios: MC Analysis
Subscriptions have increased manifold for both programmes. Atal Pension Yojana has seen subscribers rise 16-times since its first full year of operation
BUSINESS
Pakistan’s reliance on China for weapons deepens, while Turkey climbs to No. 3 spot
China accounted for 81 percent of Pakistan’s imports in 2020-24.
BUSINESS
Vegetarian thali cost falls to lowest in over a year in April: Crisil
A vegetarian home cooked meal cost Rs 26.3 in April, down from Rs 26.6 in the previous month and Rs 27.4 in the year-ago period
BUSINESS
Pakistan set to see a jump in defence spending over next 2-4 years as tensions with India rise
A Moneycontrol analysis shows that Pakistan’s defence spending jumps for two to four years after an escalation of tensions between the two countries
BUSINESS
Scope for improvement in internship scheme, but India a global pool of talent, say Ashish Dhawan & Manish Sabharwal
BUSINESS
Cosmetics and medical instruments offer $3 billion opportunity to UK in India
UK had 83 percent share in whiskies and 80% share in gin imports, 2.7% share in cosmetics
BUSINESS
UK-India FTA will likely boost UK’s share in India's trade back to 2009 levels
UK had a 2.4 percent share in India’s trade (both exports and imports) in 2009, but this had declined to 1.8 percent in 2024
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
