The CAIT said in an official statement that due to increased consumer spending, various business sectors are witnessing a sharp rise in Holi-related sales.
According to the rating agency, public sector investments and spending made by the government in the Union Budget announcements after the pandemic have paid off, with fixed investments being the key driver of GDP growth until the fiscal year 2024.
The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
India's economy is expected to grow at a much better pace in the fourth quarter of FY25, supported by strong government spending, a recovery in the rural economy, and a likely increase in private investment, according to a report by Centrum.
Renewable energy firm ACME Solar Holdings plans to invest Rs 17,000 crore as capital expenditure, to boost renewable energy capacity to 5 gigawatts by 2026, the company said in a statement Sunday.
India's economy is expected to see a boost in Q4FY25, supported by a sustained increase in government spending and capital expenditure (Capex), alongside a pickup in consumption driven by the Maha-Kumbh and wedding season, according to a report by Union Bank of India.
Spending on Artificial Intelligence technologies will grow at 2.2x the rate of overall digital technology spending in the next three years, generating an India economic impact of over USD 115 billion by the end of 2027, according to a latest report by International Data Corporation (IDC).
Congress MP Shashi Tharoor has supported Priyanka Gandhi's recent appeal to convert the funds that have been disbursed as a loan into a grant and extend the spending deadline for the victims of the disaster.
International star Mark Strong is currently in India. And interestingly, besides exploring local places, he is also spending time meeting with a couple of Bollywood celebrities. He recently reunited with his 'Dune: Prophecy' co-star Tabu.
US President Donald Trump has questioned the United States' allocation of USD 21 million for voter turnout efforts in India, comparing it to concerns over foreign interference in American elections while addressing the FII PRIORITY Summit in Miami, Florida.