The report highlights that the growth in what households spend on goods and services is predicted to be quite small, only around 4-5 per cent more than the previous year. This is way less compared to the strong 6.5-7 per cent increase we saw each year from 2011 to 2020.
In Q1 2024, of approximately 1.30 lakh homes sold across the top 7 cities, luxury homes priced above Rs 1.5 cr constituted a significant share of 21 per cent, accounting for around 27,070 units. This marks a drastic increase compared to Q1 2019 when luxury homes comprised only 7 per cent of
The Emirate of Ajman witnessed a 7 per cent increase in total tourism revenue in the first quarter of 2024, driven by a 3 per cent rise in occupancy rates and a 9% growth in visitor numbers compared to the same period in 2023.
External Affairs Minister S Jaishankar on Saturday refuted US President Joe Biden's "xenophobia" remark and argued that India's economic growth is at 7 per cent which is higher than many other countries.
At a two-day conference in Kochi, the Ministry of Ports, Shipping and Waterways (MoPSW) reaffirmed its goal to boost the share of Inland Water Transport (IWT) to 5 per cent by 2030 and 7 per cent by 2047, as outlined in Maritime Amrit Kaal Vision 2047.
Junagadh Collector, Anil Ranavasiya held a meeting with the Junagadh Hotel Association wherein all the hotels and restaurant owners decided to give a 7 per cent discount on food on the day of voting.
The Asian Development Bank (ADB) has upgraded India's gross domestic product (GDP) growth forecast for financial year 2024 from 6.7 per cent to 7 per cent and 7.2 per cent in financial year 2025.
RBI Governor Shaktikanata Das, while announcing the RBI Monetary Policy Committee outcome on Friday, said that the growth is projected to be at 7.1 per cent in first quarter, followed by 6.9 per cent in second quarter and 7 per cent in both third and fourth quarters.
According to Morgan Stanley, the outlook for India's GDP growth remains robust, with the expectation that growth will track around 7 per cent in the fourth quarter of the financial year 2023-24 (QE Mar-24).
According to their report, the GDP growth is likely to be at 6.8 per cent, based on an unchanged base, but could potentially hit 7 per cent due to expected downward revisions in the estimates for Q3 FY23.
Passenger vehicle volume is expected to ascend to a new peak for the third straight time next financial year, growing 5-7 per cent on a high base of 6-8 per cent estimated for the current year ending March 2024, according to Crisil Ratings.