TMS Ep352: HUL Q3 results, China's population woes, markets, RRTS
1 year, 11 months ago

TMS Ep352: HUL Q3 results, China's population woes, markets, RRTS

Business Standard  

India’s largest fast-moving consumer goods company Hindustan Unilever reported over 7% jump in its net profit in the third quarter ending December 2022. So is it a sign that the consumption is picking up in rural areas -- where 2/3 of India’s population lives. Revival in rural consumption will indeed help India -- which is poised to become the world’s fastest growing major economy this year. In the previous budget, the government had allotted 4,710 crore rupees for the country's first Regional Rapid Transit System project which will connect Delhi to Meerut.

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History of this topic

India Q2 GDP data today: From rural demand to govt capex—here are five key indicators to watch
1 month, 2 weeks ago

India Q2 GDP data today: From rural demand to govt capex—here are five key indicators to watch

Live Mint  

India Q2 GDP data today: The Indian economy likely moderated to 6.5 per cent in the July-September quarter of the current fiscal due to an uneven performance across sectors and a decline in private consumption, especially in urban areas amid high food inflation. India Q2 GDP: Here are five indicators to watch 1.Rural consumption Private consumption rebounded at 7.4 per …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month, 3 weeks ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
1 month, 3 weeks ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

We must look beyond India’s exciting headline GDP numbers
1 year, 1 month ago

We must look beyond India’s exciting headline GDP numbers

Live Mint  

The Indian economy’s stellar performance in the second quarter of fiscal 2023-24 put all previous GDP estimates, including the Reserve Bank of India’s own estimate of 6.5%, in the shade. Geopolitical factors, the strength of the US economy and hence the US Federal Reserve’s continued fight against inflation, and the ongoing global slowdown are sure to lower growth in the …

An uneven rebound: The Hindu Editorial on the economy
1 year, 4 months ago

An uneven rebound: The Hindu Editorial on the economy

The Hindu  

India’s economy, as measured by the Gross Domestic Product as well as the Gross Value Added, grew 7.8% in the first quarter of the year. But the months ahead could prove to be more challenging with global headwinds that have hit goods exports and manufacturing already, combining with domestic pressures from the renewed spurt in inflation and the likelihood of …

Average household spending rose 3.5% from August 2023 to July 2024, shows govt. survey
1 year, 5 months ago

Average household spending rose 3.5% from August 2023 to July 2024, shows govt. survey

The Hindu  

India’s average household consumption spending on a per capita basis rose about 3.5% in real terms through August 2023 to July 2024 from a year ago, as per the Household Consumption Expenditure Survey, and the Centre asserted this signals a decline in consumption inequality as well as a narrowing gap between urban and rural spends. In real terms, the average …

ADB pares India’s growth hopes to 6.4%
1 year, 9 months ago

ADB pares India’s growth hopes to 6.4%

The Hindu  

The Asian Development Bank has slashed its growth projection for India for 2023-24 sharply from 7.2% estimated earlier to 6.4%, attributing the cut to the global economic slowdown, tight monetary conditions, and persistently elevated oil prices. While domestic consumption demand is likely to stay healthy, private investment growth is likely to be lower this year due to high lending rates …

The recovery toolkit: The Hindu Editorial on tax policy and economic recovery
3 years, 2 months ago

The recovery toolkit: The Hindu Editorial on tax policy and economic recovery

The Hindu  

The latest string of official numbers, including almost-record GST collections, healthy direct tax inflows, strong manufacturing and exports, provide some confidence that the economy has lurched back from the danger zone for the second time in less than a year owing to the COVID-19 pandemic. If September’s activity reflects pre-festive stocking, the actual festive spending may keep GST numbers propped …

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
6 years, 2 months ago

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans

Firstpost  

Chinese firecrackers may be dampened by the Supreme Court’s crackdown but there is still a big question this Diwali: Is that Ganesha you are worshipping made in China? The Rs 10-lakh-crore pile of non-performing assets in the public sector dominated banking system, and visible tensions between the Reserve Bank of India and Prime Minister Narendra Modi’s government are only indicative …

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