High-frequency indicators point towards a sequential pick-up in the momentum of economic activity during the second half of 2024-25, which is likely to sustain moving forward, RBI said on Wednesday in its monthly bulletin.
The Mahakumbh is boosting local trade with a surge in demand for Mahakumbh-themed products like diaries, calendars, jute bags, and stationery. Sales are reported to have increased due to meticulous branding.
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25. The quarterly growth was much lower than RBI's forecast of 7 per cent. In the April-June quarter too, India's GDP grew at a slower pace than was estimated by the central
Sheikh Tamim Bin Hamad Al Thani, the Amir of the State of Qatar, praised India's "remarkable progress" across various sectors and expressed his confidence in the continued growth of the Indian economy.
He questioned the government's priorities, asking if they aim to achieve their vision of a USD 1 trillion economy through the event. Akhilesh Yadav emphasised that such events are meant to serve people, not generate profits.
Congress chief Mallikarjun Kharge on Monday hit out at the government over Finance Minister Nirmala Sitharaman's remarks about the economy delivering "good returns" and accused it of pursuing "disastrous" trade policy.
Yadav told reporters here "How can BJP think of profits in this event? Through what method will they profit the economy? 70 crore people have already taken the holy dip and the government is still stating low figures because they want to avoid management study... The government must incre
Haryana Chief Minister Nayab Singh Saini, in a press note, said, "Under the visionary leadership of Prime Minister Narendra Modi, India will succeed in becoming a developed nation by 2047 and is on fast track to emerge as the world's third-largest economy by 2029."
These seven projects, spanning the entire value chain, will be implemented in nine states of India: Assam, Odisha, Andhra Pradesh, Uttar Pradesh, Telangana, Uttarakhand, Haryana, Jharkhand and Bihar.
Prime Minister Narendra Modi praised Finance Minister Nirmala Sitharaman's address in Parliament, stating that it provides a clear picture of the Indian economy and the reform trajectory government is undertaking.