Economy

Foxconn’s $1.5 Billion Investment Sparks Technological Boom in India

In a significant move that signals a shift away from China, Foxconn Technology, a major Apple supplier, has unveiled plans to invest more than $1.5 billion in India. This substantial infusion aims to cater to Foxconn's operational needs and marks...

India’s Fiscal Deficit Reaches 45% of FY24 Target in 7 Months

In the first seven months of the financial year 2023-24, India's fiscal deficit has reached a significant milestone, standing at 45% of the annual target of Rs 17.87 trillion. This analysis delves into the key figures and trends shaping the...

Output of Core industries grew by 12.1% in October 2023

In October 2023, the combined Index of Eight Core Industries (ICI) exhibited a robust growth of 12.1%, marking a substantial increase from the corresponding month in 2022. The positive momentum was reflected across all eight core industries, namely Cement, Coal,...

India’s Q2 GDP Soars to 7.6%, Outpacing Projections

In a startling turn of events, India's economy experienced a remarkable growth of 7.6% during the July-September quarter of the fiscal year 2023-24 (Q2FY24). This places India firmly as the fastest-growing major economy globally, as per the recent GDP data...

OECD Sees India Growth a Bit Under the Weather

The Organisation for Economic Co-operation and Development (OECD) has revised its growth projections for India, anticipating a further slowdown in the coming fiscal years. The Indian economy is expected to grow at 6.3% in FY24, slightly under the 6.7% growth...

Women’s Labor Force Participation Reaches Record High of 24% in Q2FY24, Unemployment Trends Shift

The second quarter of FY24 witnessed a historic surge in women's labor force participation, reaching an all-time high of 24%, according to official data. While this is a positive development, deeper analysis reveals nuances in the employment landscape for women....

U.S. Pension Fund’s Index Switch Could Infuse Nearly $4 Billion into Indian Equities

A strategic move by the Federal Retirement Thrift Investment Board (FRTIB), a major U.S. pension fund with assets surpassing $600 billion, is poised to bring substantial investments to Indian equity markets. The FRTIB's decision to transition from the MSCI EAFE...

PLI and FTAs to Give Fillip to Manmade Fibre Textile Exports

Buoyed by the Production Linked Incentive (PLI) scheme and favorable free trade agreements with the UAE and Australia, India's manmade fibre (MMF) textile industry is poised for substantial growth. Forecasts indicate a staggering 75% increase in exports, reaching $11.4 billion...

18 Largest States to Spend 18-20% More on Capex: Crisil

India's 18 largest states are poised to witness a significant surge in capital expenditure for the fiscal year 2023-24, as per a recent report by Crisil. The report projects an 18-20% increase in spending compared to the previous year, attributing...

China slows, India grows: S&P Global Ratings Forecasts India’s Robust Growth, Predicts Shift in Asia-Pacific Dynamics

In a recent report titled 'China Slows India Grows,' S&P Global Ratings anticipates a significant shift in the economic landscape of the Asia-Pacific region. The report projects India's GDP growth to outpace China's, highlighting a forecasted 7% growth for India...