BUSINESS
UNESCO Reports India Allocated 4.6% of GDP to Education from 2015 to 2024
It follows the UN 'Education 2030 Framework for Action', which envisions that countries allocate between 4 per cent and 6 per cent of the GDP towards education.
Cabinet Approves ₹1,000 Crore VC Fund to Boost Space Sector and Create Jobs
It is expected to boost employment in the Indian space sector as a result of supporting startups along the entire space supply chain. The proposed fund is likely to see average deployment amount at around Rs 150-250 crore per year, based on investment opportunities and fund requirements, said the Cabinet.
India Continues to Be the World's Fastest Growing Economy, IMF
"India is expected to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normalize," Krishna Srinivasan, Director for the IMF Asia Pacific Department, said in a PTI interview on Tuesday.
IMF Keeps 2024 Global Growth Forecast at 3.2%, Cautions About Geopolitical Tensions
"Added to the usual uncertainty about the outlook in advanced economies, a high level of uncertainty surrounds the global economic outlook," the report on Tuesday said.
Indian Share Market Opens Steady, HDFC Bank and TCS Lead Gains
The market trend remained mixed. There was a fluctuation in the National Stock Exchange where 1,126 stocks traded positively, while 1,170 traded negatively.
Deloitte Projects India's Annual GDP Growth to Range Between 7% and 7.2% in FY25
Dr. Rumki Majumdar, Deloitte India said that after a high-stakes elections period, India's economy is emerging with resilience as the dust settles. "Its gross domestic product grew 6.7 per cent year over year in the April-to-June quarter.".
IMF Projects India's GDP Growth to Slow to 7% in 2024 and 6.5% in 2025
The IMF said that the war against inflation has been won generally, although price pressures remain in place in some countries, with headline inflation rates now forecast to reach 3.5% by the end of 2025, having peaked at 9.4% year over year in the third quarter of 2022. This is below the average level of 3.6% between 2000 and 2019, it said.
Staying Vigilant Amid Rapidly Changing Global Landscape, Shaktikanta Das
"Inflation is on a declining trend, though we still have a distance to cover. The external sector reflects the robustness of the economy. Forex reserves are reaching new heights. Fiscal consolidation is underway. The financial sector remains sound and resilient," he said in the latest RBI monthly bulletin.
India’s Growth Story Remains Strong, Real GDP Projected to Grow at 7.2% in FY25, RBI Governor
Private consumption - the pivot on which aggregate demand turns - prospects look bright going forward supported by a better agricultural outlook and rural demand.
Zepto’s Rapid Ascent to $5 Billion Valuation, Revolutionizing 10-Minute Grocery Delivery
Looking back, he says the reason for dropping out of college sounds like a cliché Silicon Valley story. But before leaping, Aadit Palicha and his co-founder Kaivalya Vohra had calculated their options for a year.
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