The government's push for developing innovative solutions has also seen several agritech startups take shape and play their part.
According to the Confederation of Indian Industry, the capital goods sector is the base of many industries and thus is an essential component of manufacturing. It contributes around 12 per cent of the total manufacturing output and more than 1.5 per cent to GDP.
Senior officials in China have recognised that the growth model of past decades has reached its limits. China's successful growth model for 40 years now stands "broken", according to a report.
PM Modi in Independence Day address said that India will not be developed if even one part is lagging behind.
Employer branding can make or break a startup. While established businesses have years of reputation to bank on, startups are blank slates.
China is also battling increasing government debt and housing market challenges, along with a record-high unemployment rate of over 21% among Chinese youth
A passive fund is an investment instrument that simulates the performance of a market index or a specific market segment.
Morgan Stanley expects India's economy to perform better in the future. Stanley believes that India is about to embark on a long bull run, while China is fast approaching the end.
The ratings of Fitch, one of the three credit rating agencies along with Moody's and Standard & Poor's, impacts the economy of a nation as investors and top companies take them as one of the major factors in taking investment-related decision.
As per BSE data, Rama Steel has inked a pact with India's one of largest steel manufacturer JSW Steel for procuring hot rolled coils which is used in manufacturing of steel tubes and pipes.
China is expected to slow further in coming months given slack consumer demand in China and weaker demand for Chinese exports in other economies as their post-pandemic recoveries lose momentum.
In this delicate worldwide milieu, Shaktikanta Das said, adjusting the arrangement compromises, safeguarding macroeconomic and monetary steadiness, supporting certainty and supporting manageable development are first concerns for policymakers the world over.
The real GDP growth for the first quarter of FY24 will come at 8.1 per cent with an upward bias and the Reserve Bank of India's 6.5 per cent estimate can also be exceeded, economists at the country's largest lender SBI said.
Shaktikanta Das stated that the retail inflation data for this month, which are scheduled to be released on June 12, "could possibly be lower."
I am seeing a frightening dream that the country is heading towards an imminent disaster, Imran Khan claimed.
India has become a USD 3.5 trillion economy in less than nine years.
International Monetary Fund (IMF) managing director Kristalina Georgieva further warned of a similar economic situation this year just like last year wherein a sharp slowdown in the world economy took place following the raging pandemic and Russia's military invasion of Ukraine.
The central government relaxed limitations for private sector satellite and rocket businesses in 2020, allowing them to conduct autonomous space activities rather than being sole suppliers to ISRO.
Raghuram Rajan said he's worried that earlier we would be lucky if we hit 5 per cent growth. The latest October-December Indian GDP numbers (4.4 per cent on year ago and 1 per cent relative to the previous quarter) suggest slowing growth from the heady numbers in the first half of the year.
After getting slowed down in a fairly broad-based manner post the festive season in October which raised investors concern, the Indian economic indicators have once again started showing signs of re-acceleration in early 2023, a report said.
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