Monday, 04 Dec, 2023
As India steadily moves towards becoming the third-largest economy in the world with a middle income per capita GDP, we will track every step, mis-step, adventure & mis-adventure during this transition.
Nominal GDP recorded a higher growth at 9.1 per cent but it was a significant decline from 17.2 ...
Total FDI inflows in India from April 2000 to March 2023 stood at $919 bn.
While the specifics of the fund, such as its composition, management, and sources of finance, are still being worked out ...
The estimated value of services export for October 2023 is $28.70 Billion, as compared to $25.30 Billion in ...
The CPI or the retail inflation index eased to a four-month low in October from a year long high ...
As on November 09, 2023, the Net Direct Tax revenues were Rs. 10.60 lakh crore, while the gross collection ...
The lower middle income households that mainly focus on entry level cars do not appear as optimistic in luxury spending ...
The average gross monthly GST collection in the FY 2023-24 now stands at Rs. 1.66 lakh crore and ...
Talking about the production of coal (weight: 10.33 percent), It increased by 16.1 percent in September 2023 as ...
PM Modi had launched Rozgar Mela, a mass recruitment drive for 10 lakh personnel through video conferencing on October 22, 2022.
As on October 09, 2023, the Net Direct Tax revenues were Rs. 9.57 lakh crore, while the gross collection ...
Around 11,100 fishermen, different fisheries stakeholders, and scholars physically attended the Sagar Parikrama Phase-IX programme from various locations ...
Out of the total PMJDY bank accounts, 56 percent belong to women and 67 percent of these accounts were opened ...
India's industrial output increased by 4.8 percent year over year for the first four months of this fiscal ...
India and the UK reaffirmed their commitment to advancing their financial services cooperation, building on one another's advantages and ...
The GST is a value-added tax applied on the majority of goods and services sold for domestic consumption. It ...
According to figures released by the Ministry of Statistics and Programme Implementation on Thursday, August 31, India's gross domestic ...
The merchandise exports have dropped from $38.34 billion in July 2022 to $32.25 billion in May 2023. Talking ...
According to economists, India’s economy is expected to grow at a rate of 6.5-7.0 percent per annum.
The rise in inflation was driven by a sudden increase in food inflation to 11.51 percent in July from ...
In comparison to June 2022, coal production (weight: 10.33 percent) grew by 9.8 percent in June 2023. From ...
Talking about the average monthly GST collection in the FY2020-21, FY2021-22 and FY2022-23 was Rs 94,734 ...
Foreign currency maintained by a country's central bank is known as its Forex reserves. It offers protection from unforeseen ...
The rise in inflation was driven by a sudden increase in food inflation to 4.49 percent in June from ...
The central government’s direct tax collection has increased more than four times in last 12 years. The direct ...
The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23 ...
Despite numerous global headwinds, the country is positioned to be among the fastest growing major economies. For both manufacturing and ...
The Net Direct Tax collection of Rs 3,79,760 crore (as on June 17, 2023) include Corporation Tax (CIT ...
India’s merchandise exports in the month of May 2023 stood at $34.98 billion. The merchandise exports have ...
In the fiscal year that ended in March 2023, around 15.86 million units of two-wheelers were sold, a ...
It was also decided during the meeting to establish a number of committees, subcommittees, and technical councils to oversee the ...
The urban inflation also dropped to 2.43 percent in the month of May from 3.69 percent in April ...
Prior to today’s meeting, the MPC had convened a meeting from April 3 to April 6 when it ...
Among all the major sectors, manufacturing sector has emerged as the dominant sector in terms of investment, with its share ...
The revenues for the month of May 2023 are 12 percent higher than the GST revenues in the same month last year.
A decline in production was recorded in the case of Crude Oil, Natural Gas, Petroleum refinery products and Electricity.
The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $3.577 billion to $529 ...
The Sagar Parikrama Yatra Phase-V would be proceeding towards coastal regions are like Gateway of India, Karanja (Raigad District ...
India’s overall exports (Merchandise and Services combined) in the month of April 2023 have increased by around 2 ...
Wholesale Price Index tracks variations in the costs of items that wholesale companies sell and trade in large quantities to ...
The Indian oil companies had made huge profits by selling oil to some European countries after they decided to boycott ...
According to figures from the Reserve Bank of India, the country’s forex reserves increased by $7.19 billion ...
The consumer food price inflation has also dropped down at 3.84 percent from 4.79 Percent in March 2023 and 5.95 percent in February 2023.
The Ministers underscored the strong basis of India and Canada's trade and economic relationship and acknowledged the enormous potential ...
The S&P Global India Services PMI Business Activity Index increased from 57.8 in March to 62 in April ...
Trade increased by 16 percent compared to the previous year from $ 72.9 billion (Apr 21–Mar 2022) to ...
The revenue for April 2023 after regular settlement was Rs 84,304 crore which was 12 percent more than the ...
Apart from the schemes and programmes, in order to ensure efficient and fast paced last mile delivery, end transport-related ...
In case of states, the top 10 states with highest GST revenues collected Rs 98,414 crore in April 2022 ...
The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $2.204 billion to $516 ...
Considering the surge in the trade between India and Russia dominated by the crude oil imports, External affairs minister S ...
The Special Additional Excise Duty (SAED) on crude oil has been increased by the government from zero to Rs 6 ...
According to figures from the Reserve Bank of India, the country’s forex reserves increased by $6.3 billion ...
The gross corporate tax collection (provisional) for the fiscal year 2022–23 is Rs. 10,04,118 crore and ...
Along with exports, the imports also registered an increase from $760.06 billion from April- March 2021-22 to $892 ...
According to the IMF’s World Economic Outlook, global growth will bottom out at 2.8 percent this year ...
The urban inflation also dropped to 5.89 percent in March from 6.10 percent in the previous month. A ...
The scheme has shown significant success in promoting entrepreneurship, with 68 percent of accounts under the scheme belonging to women ...
Talking about Pakistan, the country’s central bank raised the interest rate to 21 percent on Tuesday, April 4 ...
Before accounting for refunds, the gross direct tax collection (provisional) for the fiscal year 2022–23 is Rs. 19 ...
The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $4.38 billion to $509 ...
Haryana recorded the highest unemployment rate in the country at 26.8 percent followed by Rajasthan at 26.4 percent ...
In comparison to the first, second, and third quarters, the average monthly collections of Rs 1.51 lakh, Rs 1 ...
According to data, February 2023 saw a growth in the production of fertilisers, coal, power, cement, steel, refinery products, and ...
India has developed into a net exporter of agricultural products, with exports reaching an all-time high of $50.2 ...
India’s overall exports from April- February 2022-23 stood at $702.88 billion as compared to $605.01 billion in April- February 2021-22.
The gross GST revenue collected in the month of February 2023 was Rs 1,49,577 crore of which CGST ...
The nation's 8,118 km of coastline, which spans 9 coastal States and 4 Union Territories, supports the livelihoods ...
After a brief respite, retail inflation is again above the 6% mark. Now, the RBI might find it tough to ...
The phase IV of the Sagar Parikrama beginning from the district of Uttar Kannada on March 18, 2023 will end ...
At 31,874.57, the 30-stock Dow finished 280.83 points, or 0.9 percent down. The S&P ...
India’s overall exports from April- January 2022-23 stood at $641.24 billion as compared to $546.55 ...
The National Statistical Office (NSO) released the All India Consumer Price Index (CPI) and corresponding Consumer Food Price Index (CFPI ...
As of March 10, 2023, gross direct tax revenues for the fiscal year 2022–23 were Rs 16.68 ...
The Adani group had termed all the allegations as baseless and said that the accusations are a malicious combination of ...
By including cryptocurrencies in India's money laundering regulations, officials will have more power to keep an eye on the ...
The K Chandrashekar Rao government said on Monday that a letter from Foxconn Technology Group had resolved the issue, despite ...
After a three-year hiatus, India and the US will host a commercial dialogue on March 10 to discuss collaboration ...
The gross GST revenue collected in the month of February 2023 was Rs 1,49,577 crore of which CGST ...
The unemployment rate in both rural and urban areas declined to 3.2 percent and 6.3 percent respectively during ...
The Prime Minister emphasised the significance of the UP Rozgar Mela today, stating that it will bring joy to 9 ...
The 999,949 EVs sold in CY2022 represent a significant 210 percent year-on-year increase over the 322,871 units sold in CY2021.
India’s exports from April- January 2022-23 stood at $641.24 billion as compared to $546.55 billion in April- January 2021-22.
As of February 10, 2023, gross direct tax revenues for the fiscal year 2022–23 were Rs 15.67 ...
The government has mandated the Reserve Bank of India to maintain the retail inflation at 4 percent with a margin ...
PMJDY Accounts have grown around three-fold from 17.9 crore in August 2015 to 47.8 crore as of January 2023.
This is the sixth repo rate hike by the central bank. Prior to this, the RBI had raised the repo ...
Our dream of $5 trillion economy won’t be achieved if we continue to harass businesses in the name ...
Launched in March 2020, the PLI scheme was created to incentivize foreign manufacturers to start production in India and incentivize ...
The tremendous strain on subsidies has now forced the government to look for alternatives to cut their spending
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PMMSY has been approved at the total estimated investment of Rs.20,050 crores comprising of central share of Rs ...
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The government, however, requires a bigger headroom than this considering its mounting subsidy burden
Before dropping to7.14 percent, the unemployment rate in the month of December 2022 stood at 8.30 percent which ...
Increased participation in the labour force, higher financial independence, better credit awareness and improved access to economic opportunities have driven ...
Why is that despite being under a single indirect tax regime and deriving similar benefits from it, there is such ...
The monthly Goods and Service Tax (GST) revenues have exceeded the mark of Rs. 1.4 lakh crore for the ...
The most recent World Economic Outlook predicts that global growth would decrease from an estimated 3.4 percent in 2022 ...
According to the survey, as many as 61 percent of respondents in the survey reported higher production levels in the ...
The iPhone 12, 13, 14, and 14+ models are produced and exported by Apple from India via its three contract ...
Weakening global demand amid a synchronised rise in interest rates to ward off multi-decade high inflation has led to ...
The agreement between the fifth- and sixth-largest economies in the world is more substantive and will be seen as ...
The fall in retail inflation indicates that the steps taken by Reserve Bank of India (RBI) to control the rising ...
The fuel and power inflation inched up due to an uptick in electricity inflation. Core inflation, on the other hand ...
The SBI report makes the air clear that freebies is nothing short of "economic disaster"
The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The repo rate was increased ...
The festive season has proved wonders for the market. It needs to be seen whether this momentum would sustain beyond ...
The urban unemployment also sharply increased to 10.09 percent in December 2022 from 8.92 percent in November 2022.
The monthly Goods and Service Tax (GST) revenues have exceeded the mark of Rs. 1.4 lakh crore for the ...
With a budget of Rs 20,050 crores for a period of five years, PMMSY aims to achieve fish production ...
Rs 2,000 notes were introduced in the aftermath of demonetisation in 2016
The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The repo rate was increased ...
In India, as compared to other states, BIMARU states have been lacking behind in terms of development and have not ...
The decision has been taken in response to the high inflation faced by the Indian economy in the recent months ...
With the Society of Indian Automobile Manufacturers (SIAM), releasing the official data of passenger vehicle sales later this month, it ...
The manufacturing sector that contributes 17 percent to the GDP has been experiencing slowdown thus impacting GDP figures.
The increase in income of farmers engaged in cash crops (such as tea, coffee, sugarcane, cashew and rubber) has been ...
Only around half of the intended beneficiaries of farm loan waivers declared by ten States since 2014 have actually got ...
United States, home to 4 million people of Indian origin has now emerged as the top country when it comes ...
As predicted by experts, the consumer sentiments dipped as the scintillating glitter faded away and the compelling offers were withdrawn
Erratic monsoons impacting the Kharif output, poor exports, weak consumer sentiments and tepid revival in industrial activity will ensure GDP ...
Although, India’s high foreign exchange reserves provides enough cushioning to balance the negatives, it’s important that ...
With exports data for October 2022 being released, it is now crystal clear that the ambitious exports target of $ 820 ...
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Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but ...
The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The central bank's Monetary ...
The dollar has been the king this year. The US Dollar Index, which measures the performance of the US currency ...
Industrial production was hit hard during the pandemic period. It had shrunk 57.3 percent in April 2020 due to ...
The two-wheeler segment showed a huge growth of 51 per cent year-on-year for the first time. With ...
The latest hike, particularly the US one will have a negative effect on emerging markets like India, where the capital ...
The top six automobile manufacturers- Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia India, and Toyota Kirloskar Motors together accounted ...
The rupee was trading at a session-high of 83.04 per U.S. dollar this week, compared with 81.45 in the previous session
Data shows that the rising inflation has hit the rural areas harder as compared to the urban areas in the ...
According to a government statement, the tax on crude oil produced by companies like the state-owned Oil and Natural ...
With dried up funding, mass layoffs and huge drop in the number of unicorns, India, the third largest start up ...
According to use-based classification, contraction in IIP was led by both consumer durables (2.5 percent) and consumer non ...
According to the research, startup funding in India hit a two-year low in Q3 of CY22 at $2.7 ...
As per Nomura, the growth projection for 2022 is 7.2% because economic activity has resumed across sectors, even in ...
The record sales are happening at a time when international agencies have cut India's GDP growth, retail and food ...
The important thing which needs to be marked in this case is that the passenger vehicle sales have scaled a ...
The GDP growth forecasts for the Indian economy is falling at a regular interval. If anything, the yesterday's inflation ...
The consumer price index continued to remain above the 6% mark for the ninth consecutive month as the CPI increased ...
According to the latest data released by the Ministry of Statistics & Programme Implementation on October 12, it would also be ...
The forecast published by the international lender shows that India has emerged as one of the fastest growing economies in ...
The fiscal responsibility legislation binds the centre and states to contain their fiscal deficit within 3% of the GDP. The ...
The dip is particularly significant when compared with the annual high of 8.3% for the previous month of August 2022
The depreciation of service sector is alarming as it contributes the maximum to India's GDP
The fall in global fuel prices creates further room for downward revision in the retail selling price of petrol and ...
The frequent changes in forecasts and estimates reflect the deep uncertainties that have engulfed the global economy as many large ...
Consumption by Indian households accounts for 58% to 60% of the GDP and a sustained recovery in the Indian economy ...
The primary reason behind the dip in industrial activity is weak external demand that weighed on overall sales, with international ...
The World Trade Organization has just released its forecast for growth in global trade and GDP for 2023. And the ...
Since April this year, when the current financial year commenced, the consumer price inflation has been consistently above the self ...
India's external debt increased by 8.2 percent to $620.7 billion on March 31, 2022, up from $573 ...
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India’s merchandise imports in April -September 2022-23 were $378.53 billion with an increase of 37.89 ...
According to analysts, the current account deficit of India will almost certainly cross 5 percent of GDP in the current ...
Maharashtra continued to contribute maximum GST collections followed by Tamil Nadu, Gujarat and Karnataka
According to Nomura Financial Advisory and Securities (India), passenger vehicle sales is likely to cross 3.50 lakh units as ...
Due to the extension, there is a fear that rice stocks may plunge below the buffer for the first time ...
IndiaTracker looks at the journey of Modi government's flagship programme using data compiled by various ministries
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Launched in March 2020, PMGKAY is one of the pet projects of PM Narendra Modi
The war-of-words began between the two soon after the congress leader P. Chidambaram took to twitter to tweet ...
India-China trade is on track to surpass USD 100 billion for the second straight year. China's exports to ...
India said that the ban on export of broken rice comes after a massive increase in exports
If the monetary institutions are to be believed Indian economy seems to be following global trends
India recorded a current account deficit (CAD) of 1.2% of GDP in 2021-22 against a surplus of 0.9 percent in 2020-21.
The rupee depreciated by 8 paisa to 79.82 on Wednesday. Economic and financial experts had attributed the reason behind ...
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Domestic sales of two wheelers are growing, but definitely not booming the way passenger car sales have been for more ...
The death of the longest ruling monarch of UK comes at a time when the United Kingdom is battling with ...
One of the primary objectives of the scheme will be minimising Union government's subsidy burden on chemical fertilizers
According to estimates, India has been able to save Rs. 35,000 crore as it has preferred to purchase the ...
According to the latest data released by the Reserve Bank of India on September 16, 2022, the total forex reserves ...
The major issue associated with the privatization of PSBs and converting them into private sector banks (PVBs) is that the ...
Vedanta, one of India’s biggest mining companies, and Taiwan’s Foxconn announced to set up semiconductor and ...
High cylinder prices has reversed gains made by PM Narendra Modi's pet scheme - Pradhan Mantri Ujjwala Yojana
Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of ...
Prime Minister Narendra Modi government’s flagship financial inclusion program Pradhan Mantri Jan Dhan Yojana has recently completed its ...
Prime Minister Narendra Modi while addressing the nation from the ramparts of the Red Fort on 15th August 2019 had ...
While India is way behind Germany in economical terms, its digital infrastructure is at par with developed economies. Since 2013 ...
As the latest figures of GDP growth rate for the April-June 2022 quarter show (13.5%), the roller coaster ...
According to the recent data released by the Ministry of Statistics and Programme Implementation (MOSPI), the month of June witnessed ...
Late last month, the rupee had touched a historic low of Rs 80 per dollar
Investment in the Indian capital markets via participation notes declined to Rs. 75,725 crore at the end of July ...
The trend in fall of crude oil production in India has been continuing over the past months. According to the ...
India's oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June ...
Do the declining numbers in domestic aviation traffic reflect the concerns expressed by some analysts that the revival in economic ...
As reported across TV channels, digital platforms and newspapers, the Ministry of Power has finally cracked the whip on 27 ...
The entry of Akasa Air and Jet Airways in the already saturated market will help the industry gain momentum in ...
In FY22, India’s crude production fell to 28.4 MMT (million metric tonnes), the lowest in at least 24 years
Female workforce participation declines over a decade
Passenger vehicle wholesales rose to 2,93,865 units in the last month as compared to 2,64,442 units ...
Some analysts think Nirmala Sitharaman to be one of the unluckiest finance minsters India has had. When she became Finance ...
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Three Indians would have heaved a sigh of relief when the National Statistical Organization released retail inflation figures for July ...
In India, 7.3% of the population owned digital currency in 2021, ranking seventh in the list of top 20 ...
India’s Foreign Exchange Reserve has again increased after witnessing a rapid fall a few months back. According to ...
Do State Owned Insurance Companies Still Dominate The Market?
The improvement signals a slow but steady recovery after the global pandemic coupled with geopolitical complications triggered by Russia-Ukraine ...
The Governor of the Reserve Bank of India, Shaktikanta Das seemed to echo these sentiments when he announced another 50 ...
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Friday hiked the repo rate/ lending rate ...
For millions of small traders, kirana shop keepers, hand cart vegetable vendors, mandi sellers, a UPI seller app ensured that ...
In addition, the conviction rate is abysmally low. In around 5,400 PMLA cases in 17 years, there have been only 23 convictions
One hot button issue in recent times has been inflation that has caused immense hardship to ordinary Indians.
India is one of the select countries that has a zero probability of facing a severe economic slump
Jio bought the highest spectrum with Rs. 88,078 crore, while Airtel stood second with Rs. 43,084 crore and ...
Total GST collections for the month of July, 2022 is estimated to be Rs 1.49 lakh crores
One reason for the improvement in tax collections is both lower rates and their stability
Coal production rose by 31.1%, cement (19.4%), electricity, and petroleum products increased by 15% or more, while natural ...
This is one less talked about area that needs constant and more focused attention.
Two wheeler sales are finally on the recover path, reflecting improved consumer sentiments amongst the aspirational middle class families
When an economy is growing rapidly, inflation can be “tolerated”. Unfortunately, most other economies are staring at high ...
The sales of EVs in India have been registering significant growth in the last few years. Around 4,29,217 ...
India-China trade is on track to surpass USD 100 billion for the second straight year
As pointed out in a story on India Tracker some days ago, while India exported goods worth $ 40 billion in ...
Without getting into the politics, or even the ethics of the move, India Tracker takes a look at the latest ...
India Tracker decided to go to the website of Food Corporation of India to check the status of buffer stocks
Expenditure on NREGA made through the Union Budget has been increasing consistently since Narendra Modi became Prime Minister
Industrial production was hit hard during the pandemic period. It had shrank 57.3% in April 2020 due to a ...
Four rural banks in China's central Henan province, since April, have frozen millions of dollars’ worth of deposits
There have been numerous studies, research papers and books attempting to analyse why women in India drop out of the ...
While at a first glance, India's debt looks massive, but is not a cause of concern
China has faced criticism for its lending practices to poorer countries, accused of leaving them struggling to repay debts and ...
The figures for June have come as a pleasant surprise as most analysts and economist were expecting inflation rates to ...
During its crippling financial crisis, India has emerged as Sri Lanka’s main financial backer
More than 40 percent or $267 billion worth of external debt is due for repayment in the next nine months
India remains mysteriously and hopelessly dependent on imports to meet demand for edible oil
Global economic recovery has been hampered by repeated waves of COVID-19 infections, rising inflationary pressures, major supply-chain disruptions ...
Three major factors are responsible for ensuring GDP growth takes in India remain, and will remain high
The sharp increase in prices is bound to compound misery of households grappling with runaway inflation and rising prices of ...
The industry has benefitted from a number of interventions by the government and the results show the success of the ...
Deposits overall and their growth is still dominated by middle, upper middle class and rich Indians.
Despite all the complaints, the glitches and the bureaucratic complexities, data seems to suggest that GST is now a bona ...
Rupee has been falling steadily against the dollar since 2014 despite some modest recoveries on occasion.
Despite the clamour to boycott Made in China goods and efforts to restrict imports, imports from China have grown astronomically
The Indian currency has been on a decline by almost 5 percent since early this year
Thanks to the war in Ukraine, there have been widespread disruptions in supply chains of oil and food which have ...
The Reserve Bank of India has named Bihar, Kerala, Punjab, Rajasthan and West Bengal as highly stressed states
This would be one of the most significant FTAs for India as EU is its second largest trading partner after ...
Something dramatic seems to have changed in the last two years, particular in the last year
The exhaustive report not only creates a better measure of poverty, but also sends three powerful signals to policy makers ...
A C-Voter poll for Odisha and Bihar shows why good governance is key for development.
A nationwide poll by C-Voter finds that people largely remain nervous and uncertain about their families’ financial prospects
More than 50% of CVoter’s respondents said the three farm laws were indeed beneficial. But the messaging was wrong.
Business may be global, but politics remains anchored in the local. Increasingly, the former will have to factor in wider ...