BUSINESS
Urban-rural gap reduced in 21 of 36 states and union territories in 2023-24
Maharashtra witnessed the slowest rise in consumption among the larger states with just a 3.4 percent rise in household budget in urban areas
BUSINESS
Households spend more on food in 2023-24, but its share remains below 50%
Rise in spending could be attributed to higher food inflation over the past year. This is also evident from the decline in monthly per capita consumption of cereals in both urban and rural areas, even as the share of cereals in household spending rose
BUSINESS
Consumption inequality reduced further in 2023-24: HCES survey
In the case of rural areas, while consumption spending rose 22.1 percent for the lowest 0-5 percent of the households, incomes of the top 95 percent shrunk by 3.5 percent
BUSINESS
Trump years were better for Indian H-1B and citizenship applicants: MC Analysis
The four years that Trump held office witnessed the highest number of H-1B visas approved for Indians and the maximum rate of naturalisations of Indian citizens during the last sixteen years
BUSINESS
Four charts explain how the 1991 Budget by Manmohan Singh transformed Indian economy
India’s compounded annual growth rate hasn’t dipped below 4 percent since 1991 reforms
BUSINESS
Formal sector employment dips for a third consecutive month in November
New entrants to EPF, ESIC dipped in the festive month of October, according to data from the Ministry of Statistics and Programme Implementation
BUSINESS
India could escape the ire of Tramp tariffs; exports to the US attract higher duties than others
About 72.6 percent of Indian products exported to the US attract a tariff of 5 percent or less, compared to 74.5 percent of Chinese exports, 78.5 percent of Indonesian exports, and 99.97 percent of Mexican exports, shows Moneycontrol analysis.
BUSINESS
Data from GST, Vahan, eGram to be used for making new GDP series in 2026
The government is trying to expand the coverage of administrative statistics to better track the economy
BUSINESS
Survey of unincorporated sector may shift to calendar year cycle from 2025
ASUSE tracks the performance of establishments not covered under the Companies Act from the October-September period. The 2023-24 report shows an increase of 8 million enterprises and over 10 million jobs from the previous round
BUSINESS
India’s unincorporated sector added 8 million more establishments, 10 million more workers in 2023-24
ASUSE data shows a 12.8 percent increase in establishments and a 10 percent increase in employment during this period
BUSINESS
China, Indonesia, and Mexico impose less tariff on US products than India and Vietnam: MC Analysis
While India imposes a 10 percent or less tariff on 65.3 percent of the imports coming from the US, the corresponding figure for China, as per World Bank data, was 90 percent
BUSINESS
MC Analysis: How the 'no-detention policy' for children impacted their learning abilities
India’s no detention policy implemented in 2009 impacted learning abilities of children in Class 5 and 8 adversely
BUSINESS
Need data driven strategy for 8% growth rates: MoSPI Secretary
MoSPI is running a pilot with five ministries to implement data standards
BUSINESS
Over 80% of US goods exported to India attract less than 20% tariff: MC Analysis
Analysis shows that reducing duties in these categories may not yield much either and could only increase US imports to India by $5 billion, even if it corners the entire market
BUSINESS
Wage growth slowest in five years: MC Analysis
While the Indian economy grew at 9.7 percent in nominal terms in the first quarter of FY25, wages of regular wage/salaried earners increased 5.3 percent, compared with 7.8 percent in the first quarter of FY24
INDIA
Student suicides increased by 6% annually between 2018-22: NCRB data
A Moneycontrol analysis shows that students suicides grew by a compounded annual growth rate of 6.4 percent between 2018-2022, as per National Crime Records Bureau data, compared with 4.1 percent growth witnessed between 2013-17
BUSINESS
Rajasthan, Kerala and Odisha dominate R&D spending by states: MC Analysis
Rajasthan spends fourfold the national average on research and development while Kerala spent thrice as much in FY24, whereas states like Tamil Nadu and West Begal lag behind the national average
INDIA
Delhi air worsens to 'severe plus', AQI crosses 450
Rohtak in neighbouring Haryana,too, had an AQI of above 400, as most of the national capital region breathed 'very poor' air
BUSINESS
Covid prompts further focus on health R&D spending by states: RBI report
R&D spending from states accounted for just 0.1 percent of the GDP, with nearly half going to health in 2024-25 Budget up from 40 percent in 2021-22
BUSINESS
States need to rationalise subsidy spend, says RBI study
It has also called for rationalising centrally sponsored schemes, saying they are taking resources away from states and diluting the spirit of cooperative fiscal federalism
BUSINESS
MC Analysis | Richer states better at capex utilisation in first 7 months of FY25
In the first seven months of the fiscal year until October, states spent just over a third of their FY25 capex budget, compared with 39.2 percent during a similar period in the previous fiscal year
INDIA
Delhi air worsens, heading towards 'severe plus'; 70 cities have AQI of over 200
Not just Delhi, other NCR towns too are struggling. Delhi's AQI was at 445, Gurugram 400 and Ghaziabad and Noida both had readings of 359
BUSINESS
India’s economy to grow a tad faster in FY26 at 6.6%: Ind-Ra
Ind-Ra believes India is facing monetary, fiscal and external tightening. While it expects monetary conditions to ease now, the fiscal and external tightening is expected to continue in FY26 as well
BUSINESS
Indian cricket league’s gender pay gap for top players better than US and European counterparts
The gap between top players' salaries at nearly 14 times in male and female cricket leagues, was lower than US basketball and English and European football leagues
