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India’s GDP rises by 7.6% in Q2 FY24, manufacturing, construction led the growth
The growth was much higher than expected, mainly driven by investments and government consumption. However, private consumption growth was muted due to weak rural demand and some moderation in urban demand amid elevated inflationary pressures in Q2.Read more
Industrial Growth dips to 5.8% in September, experts optimistic for October rebound
In October, the government experienced a 13% increase in Goods and Services Tax revenue, marking its fastest pace in 10 months, reaching Rs 1.72 lakh crore.Read more
GBA will facilitate access to technology, policy interventions in global south
…opines Dr Pramod Chaudhari, Executive Chairman, Praj Industries in this interview on the declaration of Global Biofuel Alliance at G20 Summit 2023.Read more
India's growing economy set to outpace China temporarily: IMF
According to Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, India is projected to account for 18% of global growth by 2028, up from the current 16%.Read more
India's Industrial sector surges: August 2023 records impressive growth
Official data released revealed a significant surge in India's industrial production, with a remarkable growth rate of 10.3% on an annual basis in August, following a 5.7% increase in July.Read more
Piyush Goyal urges Indian industries to transform India into Global Manufacturing Hub
The discussions took place on 12 sectors, including textiles, capital goods, defence, aerospace, space, metals, leather, mining, energy, food processing, chemicals, medical devices, and drones.Read more
Barclays report highlights India's path to 8% GDP growth and global dominance
The report raised a crucial question: whether India can achieve rapid growth without compromising its hard-earned macro stability amid global economic turbulence.Read more
The “Top 100 Performers” of engineering sector
According to the International Monetary Fund (IMF), India is poised to remain a significant contributor to the global economy, accounting for approximately 15 per of global economic growth in CY 2023.Read more
India's Q1 FY24 GDP growth hits 7.8% despite challenges ahead
According to data released by the National Statistical Office, the services sector was the driving force behind the growth in this quarter. As a result, the economy is now 13.8% larger than it was in the pre-pandemic first quarter of FY20, in real terms.Read more
Handling efficiently
In April 2023, manufacturing activity in India grew the fastest in four months of 2023, driven largely by growth in domestic consumption, and limited impact of rising raw material prices. Read more