Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, has raised concerns about India's high fiscal deficit, stating that it is much more than other developing countries and hampering private investments.
"The GDP growth figures released three days back for the quarter July-Sept 2024 revealed a dramatic fall in the GDP growth rate. These depressing results are ultimately a result of the Modi Government's failure to boost private investment in manufacturing," Jairam Ramesh said in a statement.
The report emphasizes the sector's growth potential, with India's education market expected to reach a valuation of USD 313 billion by 2030, driven by supportive policy measures, increased urbanization, and the rise of private investments.
Easing inflation, favourable monsoon conditions, and increased government social spending are expected to boost household demand. Additionally, healthy corporate balance sheets are playing a vital role in supporting the recovery of private investment.
Net Foreign Direct Investment (FDI) inflows to India rose by 52.4 per cent during the first four months of FY25, supported by a surge in gross FDI inflows. Gross FDI inflows increased by 23.7 per cent, from USD 22.4 billion during the first four months of FY24 to USD 27.7 billion in the corr
He also criticised the 2019 move of the Centre to reduce corporate tax rates and said that it didn't trigger private investment as was being anticipated, instead private investment has fallen from 35 per cent under UPA rule to under 29 per cent today.
Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre (DIFC), today held a meeting with David M. Rubenstein, Co-Founder and Co-Chairman of The Carlyle Group, one of the
The Bernstein report anticipates an increased emphasis on direct social schemes to address voter concerns, especially in rural areas where the BJP experienced significant losses.
The new projection slightly exceeds the Reserve Bank of India's (RBI) forecast of 7.0 per cent. The agency's forecast indicates higher growth than RBI's for the first and fourth quarters of FY25 but lower for the second and third quarters.
The latest report from Moody's Analytics reveals promising forecasts for India's economic growth trajectory, attributing it to various factors including government capital spending, manufacturing activity, and resilient consumption demand.
Adani Defence and Aerospace CEO, Ashish Rajvanshi, said that the missiles and ammunition complex that has been inaugurated in Kanpur, Uttar Pradesh, is one of the largest investments by the private sector in the area and is on line with Prime Minister Narendra Modi's vision of 'Atmanirbha