BUSINESS
Indian economy to grow at 6.5% in FY26 and FY27: IMF
The World Bank had projected the economy to grow 6.7 percent over the next two fiscal
BUSINESS
RBI Bulletin: India must join larger trade deals, boost infrastructure to tackle global risks
RBI paper argues for measures like building strategic buffers, forging bilateral swap agreements, and engaging with multilateral institutions to reduce geopolitical risk-related disruptions
BUSINESS
Budget 2025 may keep capex target largely unchanged: MC Poll
Nearly all economists in the MC poll agreed on a need to push manufacturing, but opinion was divided on expanding production-linked incentive schemes to other sectors
BUSINESS
Budget 2025 should provide a boost to consumption, say economists in an MC poll
The majority of economists in a survey cite slowing consumption as a primary concern, say there is a case for rationalisation of income tax rates.
BUSINESS
MC Poll | Govt may set fiscal deficit target at 4.5% in Budget 2025-26, say economists
Nominal growth to be pegged at 10.4 percent as per MC Poll median of 13 economists
BUSINESS
Chhattisgarh, MP lead Ayushman Bharat registrations, Tamil Nadu tops in hospitalisation
As of January 13, 360 million people, 26 percent of the country's population, had been issued Ayushman cards. Chhattisgarh had a coverage of 76 percent
BUSINESS
Pay commissions have had their impact on finances with double-digit growth in wage bill
Pay commissions have seen a rising difference between between maximum and minimum pay. While the difference had declined to 10.2 times by the fifth pay commission, it had increased to 11.4 times by the sixth pay commission and 12.5 times by the seventh pay commission
BUSINESS
Housing and urban affairs budget rose five-fold in a decade: MC Analysis
Analysis indicates a shift in spending patterns as well. Pradhan Mantri Awas Yojana has emerged as the top category in the ministry’s budget, with allocation rising four-fold post the pandemic.
INDIA
UP and Delhi are looking for helicopter rides, AP for tents and Kerala for next Kumbh: Google Trends
The searches from UP were also focused on Steve Jobs’ wife attending the Kumbh Mela, while the Delhi population wanted to know the temperature in Prayagraj.
BUSINESS
'Experiences' push is driving recreation services inflation
Data indicates that a low base and a spurt in demand for 'experiences' pushed recreation service inflation to a four-year high of 13.8 percent in December
BUSINESS
States' health spending rises 15% since FY20, while centre's share halves to 7%
While the government’s outlay on health doubled from Rs 30,000 crore to over Rs 62,000 crore between 2014-15 and 2019-20, growing 15 percent per annum, the growth rate slowed to 7 percent between 2019-20 and 2024-25
BUSINESS
Defence production up 2.6x since FY15, as India pushes for indigenisation
The share of old defence public sector undertakings has risen during this period. While old PSUs had a 54.6 percent of total production in 2016-17, it rose to 58.4 percent by 2023-24
INDIA
Kumbh tourism has been doubling every six years: MC analysis
More foreign tourists too visit UP during the Kumbh years. In 2019, the state witnessed a jump in foreign tourist arrivals to 4.75 million, of which 1.2 million came to the Prayagraj region—a seven-old jump from the previous year.
BUSINESS
Why retail inflation pinched less despite remaining above 5% in December
December marks the first time in 10 months that around 75 items witnessed deflation
BUSINESS
Pollution-control budget doubles, while environment spending tapers post-pandemic
In five of the past 10 years, the budget for the ministry of environment, forest and climate change has contracted even as pollution has worsened
BUSINESS
Wholesale price inflation rises to 2.37% in December
The trajectory of wholesale prices contrasts with retail inflation, which declined to a four-month low of 5.2 percent in December
BUSINESS
Retail inflation eases to four-month low of 5.22% in December
In December, India’s food inflation eased below 9 percent for the first time in four months
BUSINESS
Subsidy spending has grown faster post-Covid but Budget share has declined
Between 2019-20 and 2024-25, food subsidies were up 13.6 percent compared with a contraction of 1.6 percent in Modi's first term, while fertiliser subsidies have expanded 15.1 percent annually in the past six years
BUSINESS
Higher education in focus as spending nearly doubles in a decade
While spending on higher education expanded at a compounded annual growth rate of 10.6 percent, spending on schools has grown at a slower pace of 5.3 percent between FY15 and FY24
BUSINESS
IIP growth rises to a six-month high of 5.2% in November
India’s core sector output had expanded to a four-month high of 4.3 percent in November compared with 3.7 percent in the previous month
BUSINESS
Nominal GDP growth has been lower than the budget projection in 10 of 13 years: MC Analysis
The government projected a nominal GDP of Rs 326.37 lakh crore for FY25, but the first advance estimate puts the number at Rs 324.11 lakh crore
BUSINESS
India’s GDP growth is usually revised up from first advance estimate: MC Analysis
A Moneycontrol analysis shows that India’s growth figures have witnessed an average 0.9 percentage point revision over the last eight years between the first release and final data
BUSINESS
Government's agriculture spending has grown six-fold since FY15
While the agriculture budget has grown at a compounded annual growth rate of 5.4 percent since 2019-20, non-PM-KISAN spending has increased 6.5 percent annually
BUSINESS
Investment rate likely declined to 30.1% in FY25, a three-year low, but consumption and agri outperform pre-pandemic levels: MC Analysis
The investment rate, calculated in nominal terms, was even lower than the pre-pandemic average of 30.2 percent
