India's private sector will have to shoulder more investment responsibility for the country's growth because India's fiscal settings are constrained and the government might not be able to provide as much financial support as before, says global rating agency S&P.
India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives.
It aligns with India's broader goals under the BioE3 policy, which seeks to promote bio-manufacturing, create a circular economy, and achieve net-zero carbon emissions. This financial support is essential to help offset the high initial production costs and make bioplastics more economically
Tea production in the country has declined significantly in 2024, with Assam recording an 11 per cent drop and West Bengal seeing a 21 per cent decline up to July, according to data from the Tea Association of India.
A one-day conclave of finance ministers from five opposition-ruled states will be held here today, Thursday, to discuss issues related to the 16th Finance Commission.
Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund, said, "The calm in the markets, marked by an unnerving lack of volatility, is a double-edged sword. While it provides a sense of stability, it also masks underlying risks that could surface unexpectedly, catching investor
In a move towards boosting its surveillance and fighting capabilities, the Indian Navy is looking towards concluding three major defence deals this financial year, including the 31 MQ-9B drone deal, 3 additional Scorpene submarines and the 26 Rafale-M fighter aircraft project.
The deposit growth in the country will decelerate to 11.2 per cent YoY in fiscal year 2025, as banks face slower mobilisation of new deposits, highlights a report by B&K Securities.
A recent analysis by CRISIL Ratings, which examined 58 gold jewellery retailers representing a third of the organised sector's revenues, indicates that the sector will benefit from improved working capital management.
India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an impressive USDS 2.10 billion in the fiscal year 2023-24, as per the official data by Ministry of Commerce and Industry.
Kerala government will host a interstate conclave with five opposition ruled states to discuss the their fiscal needs in the upcoming 16th Finance Commiission, state Finance Minister KN Balagopal said on Thursday. Besides the left ruled Kerala, AAP ruled Punjab, DMK governed Tamil Nadu an
In the first quarter of the fiscal year 2024-25, four major projects in Uttar Pradesh and Bihar have been successfully completed and are now operational.