Category: Economy

The report submitted to the 16th Finance Commission revealed that 18 districts have a growth rate less than 0.8x of the GSDP expansion rate and per capita income below average state income. Only seven out of 36 districts in Maharashtra contribute 54% of the gross State domestic product (GSDP), which stood at Rs 45 lakh […]

The gross FDI — the money ploughed into India by overseas companies — rose by 13.7% to $81 billion in 2024-25 from $71.3 billion the previous year. The net foreign direct investment into India sunk 96% to $0.4 billion in financial year 2024-25 amid increased repatriation by foreign companies and outward investment by Indian firms, […]

The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check. Amid uncertainties in the global economy due to tariff wars and weak consumer sentiments, the Indian economy is exhibiting resilience with various high frequency indicators of […]

With these latest approvals, over 3,700 startups have now benefited from the scheme since its launch. As per a Commerce Ministry statement, the approvals came during the 79th and 80th meetings of the Inter-Ministerial Board (IMB), with 75 startups cleared in the 79th meeting and 112 in the 80th, held on 30 April. The Department […]

Over the past two decades, Pakistan’s economic lead over Indian states like Tamil Nadu and Maharashtra has diminished significantly. In 2004-05, Pakistan’s GDP was $132 billion, while Tamil Nadu’s GSDP was only $48 billion. By 2023-24, Tamil Nadu’s GSDP has nearly equalled Pakistan’s GDP, reaching $329 billion, highlighting a growing economic divergence. Pakistan’s economic position, […]

Maharashtra, Gujarat and Karnataka lead India’s States in overall performance, according to a CareEdge Ratings study evaluating economic, fiscal and other key parameters. Western States excel in finance and economy, while Southern states perform strongly in environment and governance. Goa tops the smaller States category, showcasing robust social development indicators. Maharashtra, Gujarat and Karnataka are […]

Among a slew of announcements made by the Minister is a Taiwanese Industrial Park, which will come up near Chennai with a potential to attract ₹10,000 crores and provide jobs to nearly 20,000 persons. With a significant share of the FDI into the State coming from Taiwan, Tamil Nadu is set to establish a Taiwanese […]

Barely a month after the Reserve Bank of India (RBI) warned of a contagion, lenders, especially non-bank financiers, have also started witnessing stress in their collateral-backed secured loan books. Early signs of stress are visible in micro-loans against property (micro-LAP), and lending for two-wheelers and some other vehicle categories, according to experts. It is more […]

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

Net profit of ICICI Lombard General Insurance Company rose 67.89% to Rs 724.38 crores in the quarter ended December 2024 as against Rs 431.46 crores during the previous quarter ended December 2023. Sales rose 17.20% to Rs 5045.17 crores in the quarter ended December 2024 as against Rs 4304.81 crores during the previous quarter ended […]