Thursday, 02 May, 2024
IndiaTracker.in

Economy

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.

Unlocking Potential: The Need to Prioritize Education and Health in India

Unlocking Potential: The Need to Prioritize Education and Health in India

In December 2023, the head of the IMF's Asia and Pacific Department, Krishna Srinivasan warned of the need to ...

Is India's Aatmanirbharta Vision Fading as Oil Imports Soar?

Is India's Aatmanirbharta Vision Fading as Oil Imports Soar?

India's dependence on imported oil has soared to unprecedented levels, reaching 87.7% and the nation's fuel consumption ...

India’s net direct tax revenues up by 17.7% to Rs 19.58 lakh crore in FY 2023-24

India’s net direct tax revenues up by 17.7% to Rs 19.58 lakh crore in FY 2023-24

Based on data from the Indian government, over the last ten years, the number of taxpayers filing income tax returns ...

From Local to Global: India's UPI Journey

From Local to Global: India's UPI Journey

UPI has emerged as a preferred payment solution, witnessing over a billion transactions monthly, as per RBI, UPI’s ...

GST collection hit Rs 20.18 trillion in FY 2023-24; March records second highest GST collection at Rs 1.78 lakh crore

GST collection hit Rs 20.18 trillion in FY 2023-24; March records second highest GST collection at Rs 1.78 lakh crore

The GST revenue numbers show overall strong performance and sustained economic momentum.

India’s forex reserves up by $140 million to $642.63 billion as of March 22

India’s forex reserves up by $140 million to $642.63 billion as of March 22

As per the RBI's Weekly Statistical Supplement, foreign currency assets (FCAs) experienced a $123 million decline to $568.26 billion.

Reserve Bank of India likely to keep repo rate unchanged in upcoming Monetary Policy meetings: Report

Reserve Bank of India likely to keep repo rate unchanged in upcoming Monetary Policy meetings: Report

In the October–December quarter of FY24, India's GDP grew at the quickest rate among major economies, 8 ...

Striving Amidst Struggle: India's Youth Employment Crisis

Striving Amidst Struggle: India's Youth Employment Crisis

The youth in India are facing a double whammy of slow growth in meaningful and quality jobs and an education ...

Election Focus: Unpacking India's Employment Status

Election Focus: Unpacking India's Employment Status

The looming threat of automation poses a significant risk to India's vast unskilled labour force, primarily engaged in the ...

Retain Inflation in February remains almost unchanged at 5.09%

Retain Inflation in February remains almost unchanged at 5.09%

Consumer price index is used in calculating the retail inflation in the economy by tracking the changes in prices of ...

GST collection up 12% to over Rs 1.68 lakh crore in February 2024

GST collection up 12% to over Rs 1.68 lakh crore in February 2024

The revenues for the month of February 2024 are 12.5 percent higher than the GST revenues in the same month last year.

India Continues to be Fastest Growing Major World Economy

India Continues to be Fastest Growing Major World Economy

Amidst the growth momentum in India, with a 7.6 per cent growth projection (NSO) for the ongoing financial year ...

Economic Growth Back to 8 per cent Plus in Q3 FY 2024

Economic Growth Back to 8 per cent Plus in Q3 FY 2024

According to a Reuters poll, India's economic growth was slated to slip below 7 per cent in the October ...

Monthly Expenditure Doubles, Spending on Food Down

Monthly Expenditure Doubles, Spending on Food Down

The shift from cereals is commensurate with consumption of other high-value/ nutritional items such as eggs, fish and meat ...

Decoding the Financial Implications of Farmers’ Demands: Farm Loan Waiver & Other Demands

Decoding the Financial Implications of Farmers’ Demands: Farm Loan Waiver & Other Demands

Amongst other major demands, the farmers want a complete loan waiver for all farmers. The farmers’ protests come just ...

Decoding the Financial Implications of Farmers’ Demands: Legal MSP

Decoding the Financial Implications of Farmers’ Demands: Legal MSP

Realizing farmers’ demands to provide MSP for all crops presents multiple challenges, both procedural and financial. According to some ...

India’s net direct tax collection rises 20.25% y-o-y to Rs 15.60 lakh crore in current fiscal; tax collections jump by 160% in 10 years

India’s net direct tax collection rises 20.25% y-o-y to Rs 15.60 lakh crore in current fiscal; tax collections jump by 160% in 10 years

Direct tax collections up to 10th February, 2024 show that gross collections are at Rs 18.38 lakh crore, which ...

First Time Buyer and Unaffordable Sub-Rs. 5 Lakh Cars

First Time Buyer and Unaffordable Sub-Rs. 5 Lakh Cars

Share of entry level cars - those priced under Rs 5 lakh - crashed from 33.6% in 2015 to 0.3 ...

Health: A Subject Still Lacking in Union Budget 2025

Health: A Subject Still Lacking in Union Budget 2025

General government (union and states) health expenditure as a percentage of GDP jumped from 1.3 per cent in 2015 ...

Budget 2024-25: A Non-Populist Budget Before Elections

Budget 2024-25: A Non-Populist Budget Before Elections

One of the most significant aspects of the budget is the decision to maintain the status quo on direct and ...

At Rs 1,70,000 crore, GST collections in January are second highest ever, marking a 10.4% Y-o-Y growth

At Rs 1,70,000 crore, GST collections in January are second highest ever, marking a 10.4% Y-o-Y growth

On indirect taxes, the Union Minister for Finance & Corporate Affairs Nirmala Sitharaman said that GST has reduced the compliance burden ...

GDP to grow at 7% in FY25; India to become $7 trillion economy by 2030

GDP to grow at 7% in FY25; India to become $7 trillion economy by 2030

Although it doesn't replace the official Economic Survey, this study offers insightful information about the past ten years' trajectory ...

Direct Tax-GDP ratio hits record high of 6.11% in FY23: A look at GST and direct tax collection

Direct Tax-GDP ratio hits record high of 6.11% in FY23: A look at GST and direct tax collection

According to the tax administration, the 77.8 million income tax returns filed in FY23 more than doubled the 38 ...

Digital Skills Up, Reading, Numeracy Down: ASER 2023

Digital Skills Up, Reading, Numeracy Down: ASER 2023

About 90 per cent of the households reported having a smartphone of which 95 per cent boys and 90 per ...

Retail inflation in December jumps to 4 month high of 5.69%; Food inflation soars to 9.53%

Retail inflation in December jumps to 4 month high of 5.69%; Food inflation soars to 9.53%

Following its meeting in December, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously agreed to maintain ...

Apple first to cross the $5 billion export mark from India

Apple first to cross the $5 billion export mark from India

Apple has manufactured a record Rs. 1 lakh crore worth of iPhones in India in 2023. 65% of Rs. 65 ...

Delhi's Soaring Per Capita Income: A Glimpse into the Kejriwal Government's Success?

Delhi's Soaring Per Capita Income: A Glimpse into the Kejriwal Government's Success?

Delhi's per capita income has surged by over 150% over the national average in the fiscal year 2022-23 ...

Soaring to New Heights: India's Domestic Air Travel Hits Record Peaks in 2023

Soaring to New Heights: India's Domestic Air Travel Hits Record Peaks in 2023

According to aviation analytics firm Network Thoughts, domestic air traffic in 2023 is estimated at an all-time high of ...

GST collection in December 2023 rises 10% to Rs 1.64 lakh crore: Gross GST collection stands at 1.66 lakh crore in first 9 months of FY24

GST collection in December 2023 rises 10% to Rs 1.64 lakh crore: Gross GST collection stands at 1.66 lakh crore in first 9 months of FY24

Gross GST collection from April to December 2023 increased by an impressive 12 percent year over year to Rs 14 ...

On the Path to Financial Health: Declining NPAs in India's Banking Sector

On the Path to Financial Health: Declining NPAs in India's Banking Sector

The gross NPAs ratio of 3.2% as of September 2023 marks a positive trajectory for the country's banking system.

India's Current Account Deficit Narrows Significantly

India's Current Account Deficit Narrows Significantly

In the first half of the fiscal year 2023-24, the cumulative current account deficit more than halved to $17 ...

Increasing Disparities: Per Capita Income of States in India

Increasing Disparities: Per Capita Income of States in India

Analyzing the Per Capita NSDP at current prices for 2022-23, states like Sikkim, Delhi, Telangana and Karnataka, show higher ...

India continues to be largest recipient of remittances in 2023, double that of China, says World Bank report

India continues to be largest recipient of remittances in 2023, double that of China, says World Bank report

India is the world's greatest beneficiary of remittances, yet its share of remittances in the economy was only 3.4 percent.

No major y-o-y increase in exports in November 2023; India’s service exports play a major role in bringing down trade deficit

No major y-o-y increase in exports in November 2023; India’s service exports play a major role in bringing down trade deficit

Merchandise exports in November 2023 were $33.90 Billion, as compared to $34.89 Billion in November 2022. Talking about ...

April-Nov 2023 Trade Deficit improves by 40%

April-Nov 2023 Trade Deficit improves by 40%

Merchandise exports came down from USD 298.21 billion in April-November 2022 to USD 278.80 billion in 2023.

Manufacturing Leads Industrial Production Uptrends

Manufacturing Leads Industrial Production Uptrends

Manufacturing sector, which contracted at 5.8% in October 2022 grew at 10.4% this time. Electricity sector saw the ...

Food Inflation Drives Retail Price Rise in November 2023

Food Inflation Drives Retail Price Rise in November 2023

The recent spike in retail inflation is driven largely by food inflation which is measured by the consumer food price ...

RBI’s Forex Kitty Breaches $600 Billion Mark

RBI’s Forex Kitty Breaches $600 Billion Mark

The ongoing financial year 2023-24 marked a significant turnaround in the FPI inflows to the tune of USD 24 ...

RBI keeps repo rate unchanged at 6.5%: A look at India’s inflationary trends in recent months

RBI keeps repo rate unchanged at 6.5%: A look at India’s inflationary trends in recent months

In an attempt to slow down the rising inflation, which fell to a four-month low of 4.87 percent ...

GDP Growth Back on Track

GDP Growth Back on Track

Nominal GDP recorded a higher growth at 9.1 per cent but it was a significant decline from 17.2 ...

FDI Flows Decline in First Half of 2023

FDI Flows Decline in First Half of 2023

Total FDI inflows in India from April 2000 to March 2023 stood at $919 bn.

G20 Proposes Ambitious $1 Trillion Annual Startup Fund to Propel Global Economic Recovery

G20 Proposes Ambitious $1 Trillion Annual Startup Fund to Propel Global Economic Recovery

While the specifics of the fund, such as its composition, management, and sources of finance, are still being worked out ...

India’s overall exports in Oct 2023 estimated at $62.26 billion: New Delhi reports record merchandise trade deficit in October

India’s overall exports in Oct 2023 estimated at $62.26 billion: New Delhi reports record merchandise trade deficit in October

The estimated value of services export for October 2023 is $28.70 Billion, as compared to $25.30 Billion in ...

The Food Factor: Fine Print of CPI & WPI

The Food Factor: Fine Print of CPI & WPI

The CPI or the retail inflation index eased to a four-month low in October from a year long high ...

Net direct tax collections up 21.82% to Rs 10.60 lakh crore: Centre likely to meet tax collection target for FY24 as collection crosses 58% of budget target

Net direct tax collections up 21.82% to Rs 10.60 lakh crore: Centre likely to meet tax collection target for FY24 as collection crosses 58% of budget target

As on November 09, 2023, the Net Direct Tax revenues were Rs. 10.60 lakh crore, while the gross collection ...

Vehicle Sales give Mixed Signals before Festive Season

Vehicle Sales give Mixed Signals before Festive Season

The lower middle income households that mainly focus on entry level cars do not appear as optimistic in luxury spending ...

GST collection in October rises 13% to Rs 1.72 lakh crore: average gross monthly gst collection in FY2023-24 stands at Rs 1.66 lakh crore

GST collection in October rises 13% to Rs 1.72 lakh crore: average gross monthly gst collection in FY2023-24 stands at Rs 1.66 lakh crore

The average gross monthly GST collection in the FY 2023-24 now stands at Rs. 1.66 lakh crore and ...

India’s eight core industries grow at 8.1 percent in September 2023: Crude oil remains an exception with a decline of 0.4 percent

India’s eight core industries grow at 8.1 percent in September 2023: Crude oil remains an exception with a decline of 0.4 percent

Talking about the production of coal (weight: 10.33 percent), It increased by 16.1 percent in September 2023 as ...

PM Modi distributes 51,000 appointment letters through Rozgar Mela: A look at job creation under the Modi government

PM Modi distributes 51,000 appointment letters through Rozgar Mela: A look at job creation under the Modi government

PM Modi had launched Rozgar Mela, a mass recruitment drive for 10 lakh personnel through video conferencing on October 22, 2022.

Net direct tax collections up 21.82% to Rs 9.57 lakh crore; data shows Centre likely to meet tax collection target for FY2023-24

Net direct tax collections up 21.82% to Rs 9.57 lakh crore; data shows Centre likely to meet tax collection target for FY2023-24

As on October 09, 2023, the Net Direct Tax revenues were Rs. 9.57 lakh crore, while the gross collection ...

Sagar Parikrama’s phase 9 ends at Chennai: Here’s how India is trying to maximise its blue economy

Sagar Parikrama’s phase 9 ends at Chennai: Here’s how India is trying to maximise its blue economy

Around 11,100 fishermen, different fisheries stakeholders, and scholars physically attended the Sagar Parikrama Phase-IX programme from various locations ...

More than 50 crore Jan Dhan accounts opened in 8 years: JAM trinity plays a major role in financial inclusion

More than 50 crore Jan Dhan accounts opened in 8 years: JAM trinity plays a major role in financial inclusion

Out of the total PMJDY bank accounts, 56 percent belong to women and 67 percent of these accounts were opened ...

India's retail inflation declines to 6.83% in August from 15 month high peak in July: Industrial production index rises to five month high in July 2023

India's retail inflation declines to 6.83% in August from 15 month high peak in July: Industrial production index rises to five month high in July 2023

India's industrial output increased by 4.8 percent year over year for the first four months of this fiscal ...

India-UK hold 12th Economic and Financial Dialogue in New Delhi: A look at trade relations between London and New Delhi

India-UK hold 12th Economic and Financial Dialogue in New Delhi: A look at trade relations between London and New Delhi

India and the UK reaffirmed their commitment to advancing their financial services cooperation, building on one another's advantages and ...

GST collection jumps 11% to Rs 1.59 lakh crore in August 2023: GST revenues fail to cross the mark of 1.6 lakh crore in August

GST collection jumps 11% to Rs 1.59 lakh crore in August 2023: GST revenues fail to cross the mark of 1.6 lakh crore in August

The GST is a value-added tax applied on the majority of goods and services sold for domestic consumption. It ...

India’s eight core industries grow at a rate of 8% in July 2023: GDP growth in April-June quarter accelerates to 7.8%

India’s eight core industries grow at a rate of 8% in July 2023: GDP growth in April-June quarter accelerates to 7.8%

According to figures released by the Ministry of Statistics and Programme Implementation on Thursday, August 31, India's gross domestic ...

India’s merchandise exports dip by 16 percent in July 2023: Trade deficit improves by 18.7 percent

India’s merchandise exports dip by 16 percent in July 2023: Trade deficit improves by 18.7 percent

The merchandise exports have dropped from $38.34 billion in July 2022 to $32.25 billion in May 2023. Talking ...

India likely to become world’s third largest economy by 2027-28; Investments to play major role in India’s economic growth

India likely to become world’s third largest economy by 2027-28; Investments to play major role in India’s economic growth

According to economists, India’s economy is expected to grow at a rate of 6.5-7.0 percent per annum.

Retail inflation driven by high food prices hit 15 month-high of 7.44% in July; urban food inflation jumps to 12.32%

Retail inflation driven by high food prices hit 15 month-high of 7.44% in July; urban food inflation jumps to 12.32%

The rise in inflation was driven by a sudden increase in food inflation to 11.51 percent in July from ...

India’s eight core industries grow at a 5-month high of 8.2% in June 2023: Coal production rises at the fastest rate of 9.8%

India’s eight core industries grow at a 5-month high of 8.2% in June 2023: Coal production rises at the fastest rate of 9.8%

In comparison to June 2022, coal production (weight: 10.33 percent) grew by 9.8 percent in June 2023. From ...

GST revenue collection in July rises 11% YoY at Rs 1.65 lakh crore: Monthly average gross GST collection for the FY2022-23 shows 22% YoY growth

GST revenue collection in July rises 11% YoY at Rs 1.65 lakh crore: Monthly average gross GST collection for the FY2022-23 shows 22% YoY growth

Talking about the average monthly GST collection in the FY2020-21, FY2021-22 and FY2022-23 was Rs 94,734 ...

India’s Forex Reserves jumps to 15 month high at $609 billion

India’s Forex Reserves jumps to 15 month high at $609 billion

Foreign currency maintained by a country's central bank is known as its Forex reserves. It offers protection from unforeseen ...

Retail Inflation in June surges to three month high of 4.81%; food inflation jumps to 4.49%

Retail Inflation in June surges to three month high of 4.81%; food inflation jumps to 4.49%

The rise in inflation was driven by a sudden increase in food inflation to 4.49 percent in June from ...

India’s direct tax collection up by 14.65% to Rs 5.17 lakh crore in FY24: India’s direct tax collection jumps 173% to Rs 19.68 lakh crore in FY2022-23

India’s direct tax collection up by 14.65% to Rs 5.17 lakh crore in FY24: India’s direct tax collection jumps 173% to Rs 19.68 lakh crore in FY2022-23

The central government’s direct tax collection has increased more than four times in last 12 years. The direct ...

GST revenue collection in June rises 12% YoY at Rs 1.61 lakh crore; GST collection crosses Rs 1.6 lakh crore mark for 4th time since inception

GST revenue collection in June rises 12% YoY at Rs 1.61 lakh crore; GST collection crosses Rs 1.6 lakh crore mark for 4th time since inception

The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23 ...

RBI Financial Stability Report June 2023: Bad loans fall to a decade low of 3.9 percent

RBI Financial Stability Report June 2023: Bad loans fall to a decade low of 3.9 percent

Despite numerous global headwinds, the country is positioned to be among the fastest growing major economies. For both manufacturing and ...

India’s overall exports decline by 6% y-o-y in May 2023: A look at India’s trade statistics in May 2023

India’s overall exports decline by 6% y-o-y in May 2023: A look at India’s trade statistics in May 2023

India’s merchandise exports in the month of May 2023 stood at $34.98 billion. The merchandise exports have ...

Two wheeler sales rise by 18% in FY2022-23: But data shows a tough recovery ahead

Two wheeler sales rise by 18% in FY2022-23: But data shows a tough recovery ahead

In the fiscal year that ended in March 2023, around 15.86 million units of two-wheelers were sold, a ...

India-UAE agree to double non-petroleum trade to $100 bn by 2030: Bilateral trade up by 16% between 2021-22 & 2022-23

India-UAE agree to double non-petroleum trade to $100 bn by 2030: Bilateral trade up by 16% between 2021-22 & 2022-23

It was also decided during the meeting to establish a number of committees, subcommittees, and technical councils to oversee the ...

India’s retail inflation eases to 25 month low in May 2023, drops to 4.25%

India’s retail inflation eases to 25 month low in May 2023, drops to 4.25%

The urban inflation also dropped to 2.43 percent in the month of May from 3.69 percent in April ...

RBI keeps repo rate unchanged at 6.5% for a second time in a row: A look at India’s inflationary trends

RBI keeps repo rate unchanged at 6.5% for a second time in a row: A look at India’s inflationary trends

Prior to today’s meeting, the MPC had convened a meeting from April 3 to April 6 when it ...

Private sector makes up 68.43% of new investments in India in FY2022-23: A look at investments made in the country

Private sector makes up 68.43% of new investments in India in FY2022-23: A look at investments made in the country

Among all the major sectors, manufacturing sector has emerged as the dominant sector in terms of investment, with its share ...

GST revenue collection for May rises 12% YoY at Rs 1.57 lakh crore

GST revenue collection for May rises 12% YoY at Rs 1.57 lakh crore

The revenues for the month of May 2023 are 12 percent higher than the GST revenues in the same month last year.

India’s infrastructure growth slumps to 6 month low of 3.5% in April: Fertiliser production records highest growth of 23.5%

India’s infrastructure growth slumps to 6 month low of 3.5% in April: Fertiliser production records highest growth of 23.5%

A decline in production was recorded in the case of Crude Oil, Natural Gas, Petroleum refinery products and Electricity.

India’s forex reserves rise to one year high; almost hit $600 billion

India’s forex reserves rise to one year high; almost hit $600 billion

The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $3.577 billion to $529 ...

Phase-V of Sagar Parikrama launched from Maharashtra’s Raigad district: Here’s how India is eyeing to maximise its blue economy

Phase-V of Sagar Parikrama launched from Maharashtra’s Raigad district: Here’s how India is eyeing to maximise its blue economy

The Sagar Parikrama Yatra Phase-V would be proceeding towards coastal regions are like Gateway of India, Karanja (Raigad District ...

April Trade data shows slight y-o-y increase in exports and dip in imports: India’s trade deficit falls to 21 month low at $15.25 bn in April

April Trade data shows slight y-o-y increase in exports and dip in imports: India’s trade deficit falls to 21 month low at $15.25 bn in April

India’s overall exports (Merchandise and Services combined) in the month of April 2023 have increased by around 2 ...

Wholesale inflation in India drops to 30 month low at -0.92% in April 2023: A look at India’s inflationary trends in last one year

Wholesale inflation in India drops to 30 month low at -0.92% in April 2023: A look at India’s inflationary trends in last one year

Wholesale Price Index tracks variations in the costs of items that wholesale companies sell and trade in large quantities to ...

Government cuts windfall tax on domestic crude oil to zero: How much oil has been India producing in recent years?

Government cuts windfall tax on domestic crude oil to zero: How much oil has been India producing in recent years?

The Indian oil companies had made huge profits by selling oil to some European countries after they decided to boycott ...

India’s forex reserves jump to 11 month high at $595.97 billion: A look at country’s foreign exchange reserves

India’s forex reserves jump to 11 month high at $595.97 billion: A look at country’s foreign exchange reserves

According to figures from the Reserve Bank of India, the country’s forex reserves increased by $7.19 billion ...

CPI inflation falls below RBI’s threshold for first time in last 18 months; Inflation drops to 4.7% in April 2023

CPI inflation falls below RBI’s threshold for first time in last 18 months; Inflation drops to 4.7% in April 2023

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.

6th India-Canada Ministerial Dialogue on Trade and Investment concludes in Ottawa: A look at bilateral trade between India and Canada

6th India-Canada Ministerial Dialogue on Trade and Investment concludes in Ottawa: A look at bilateral trade between India and Canada

The Ministers underscored the strong basis of India and Canada's trade and economic relationship and acknowledged the enormous potential ...

India’s April services PMI jumps to 13 year high of 62.0; signals economic recovery

India’s April services PMI jumps to 13 year high of 62.0; signals economic recovery

The S&P Global India Services PMI Business Activity Index increased from 57.8 in March to 62 in April ...

One year of India-UAE Comprehensive Economic Partnership Agreement: Bilateral trade up by 16% between 2021-22 & 2022-23

One year of India-UAE Comprehensive Economic Partnership Agreement: Bilateral trade up by 16% between 2021-22 & 2022-23

Trade increased by 16 percent compared to the previous year from $ 72.9 billion (Apr 21–Mar 2022) to ...

April 2023 records highest ever GST collection of Rs 1.87 lakh crore; FY2022-23 records highest direct tax buoyancy in 15 years

April 2023 records highest ever GST collection of Rs 1.87 lakh crore; FY2022-23 records highest direct tax buoyancy in 15 years

The revenue for April 2023 after regular settlement was Rs 84,304 crore which was 12 percent more than the ...

India jumps 6 positions in World Bank’s Logistics Performance Index 2023: How government is improving the logistics infrastructure in India

India jumps 6 positions in World Bank’s Logistics Performance Index 2023: How government is improving the logistics infrastructure in India

Apart from the schemes and programmes, in order to ensure efficient and fast paced last mile delivery, end transport-related ...

10 states account for more than 75% of GST collections in FY2022-23: A look at disparity in GST collections

10 states account for more than 75% of GST collections in FY2022-23: A look at disparity in GST collections

In case of states, the top 10 states with highest GST revenues collected Rs 98,414 crore in April 2022 ...

India’s forex reserves jump to nine month high at $586.41 billion: A look at country’s foreign exchange reserves

India’s forex reserves jump to nine month high at $586.41 billion: A look at country’s foreign exchange reserves

The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $2.204 billion to $516 ...

India and Russia enter advanced talks over Free Trade Agreement: Both nations to address trade deficit amid India’s rising oil imports

India and Russia enter advanced talks over Free Trade Agreement: Both nations to address trade deficit amid India’s rising oil imports

Considering the surge in the trade between India and Russia dominated by the crude oil imports, External affairs minister S ...

Central Government revises windfall tax on crude oil to Rs 6,400: A look at India’s domestic crude oil production

Central Government revises windfall tax on crude oil to Rs 6,400: A look at India’s domestic crude oil production

The Special Additional Excise Duty (SAED) on crude oil has been increased by the government from zero to Rs 6 ...

India’s forex reserves jump to nine month high at $584 billion: A look at country’s foreign exchange reserves

India’s forex reserves jump to nine month high at $584 billion: A look at country’s foreign exchange reserves

According to figures from the Reserve Bank of India, the country’s forex reserves increased by $6.3 billion ...

FY22 records highest direct tax buoyancy in 15 years; India’s direct tax collection jumps 173% to Rs 19.68 lakh crore

FY22 records highest direct tax buoyancy in 15 years; India’s direct tax collection jumps 173% to Rs 19.68 lakh crore

The gross corporate tax collection (provisional) for the fiscal year 2022–23 is Rs. 10,04,118 crore and ...

India’s overall trade deficit in FY2022-23 jumps to $122 billion: A look at India’s trade statistics

India’s overall trade deficit in FY2022-23 jumps to $122 billion: A look at India’s trade statistics

Along with exports, the imports also registered an increase from $760.06 billion from April- March 2021-22 to $892 ...

IMF cuts India’s growth forecast to 5.9% from 6.1%: Indian economy to remain one of the fastest growing in the world

IMF cuts India’s growth forecast to 5.9% from 6.1%: Indian economy to remain one of the fastest growing in the world

According to the IMF’s World Economic Outlook, global growth will bottom out at 2.8 percent this year ...

India’s inflation rate slumps to 15 month low at 5.66%: CPI remains below RBI’s threshold of 6%

India’s inflation rate slumps to 15 month low at 5.66%: CPI remains below RBI’s threshold of 6%

The urban inflation also dropped to 5.89 percent in March from 6.10 percent in the previous month. A ...

8 years of MUDRA scheme: How helpful have been MUDRA loans?

8 years of MUDRA scheme: How helpful have been MUDRA loans?

The scheme has shown significant success in promoting entrepreneurship, with 68 percent of accounts under the scheme belonging to women ...

RBI keeps repo rate steady at 6.5%: Comparing India’s repo rate with US, UK and its South Asian neighbours

RBI keeps repo rate steady at 6.5%: Comparing India’s repo rate with US, UK and its South Asian neighbours

Talking about Pakistan, the country’s central bank raised the interest rate to 21 percent on Tuesday, April 4 ...

India’s direct tax collection in FY 2022-23 rises to ₹16.61 lakh crore, exceeds budget estimates by 17%

India’s direct tax collection in FY 2022-23 rises to ₹16.61 lakh crore, exceeds budget estimates by 17%

Before accounting for refunds, the gross direct tax collection (provisional) for the fiscal year 2022–23 is Rs. 19 ...

India’s forex reserves rise to eight month high at $578 billion: A look at country’s foreign exchange reserves in FY2022-23

India’s forex reserves rise to eight month high at $578 billion: A look at country’s foreign exchange reserves in FY2022-23

The largest component of the foreign exchange reserves, India's foreign currency assets, increased by $4.38 billion to $509 ...

Unemployment rate in India rises to a three month high of 7.8% in March: A look at joblessness rate in FY 2022-23

Unemployment rate in India rises to a three month high of 7.8% in March: A look at joblessness rate in FY 2022-23

Haryana recorded the highest unemployment rate in the country at 26.8 percent followed by Rajasthan at 26.4 percent ...

GST Collection 2022-23: March records second highest GST collection ever at ₹1.60 lakh crore

GST Collection 2022-23: March records second highest GST collection ever at ₹1.60 lakh crore

In comparison to the first, second, and third quarters, the average monthly collections of Rs 1.51 lakh, Rs 1 ...

India’s eight core infrastructure sectors grow at a rate of 6% in February 2023

India’s eight core infrastructure sectors grow at a rate of 6% in February 2023

According to data, February 2023 saw a growth in the production of fertilisers, coal, power, cement, steel, refinery products, and ...

India’s agriculture exports in first 3 quarters hit $20 billion: Understanding India’s shift from agricultural producer to exporter

India’s agriculture exports in first 3 quarters hit $20 billion: Understanding India’s shift from agricultural producer to exporter

India has developed into a net exporter of agricultural products, with exports reaching an all-time high of $50.2 ...

India’s overall exports cross $750 billion in current fiscal, says Commerce Min Piyush Goyal: A look at India’s exports in FY2022-23

India’s overall exports cross $750 billion in current fiscal, says Commerce Min Piyush Goyal: A look at India’s exports in FY2022-23

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.

GST collections in 2022-23: Data shows significant rise in GST revenues in current financial year

GST collections in 2022-23: Data shows significant rise in GST revenues in current financial year

The gross GST revenue collected in the month of February 2023 was Rs 1,49,577 crore of which CGST ...

India is third largest producer of fish in the world: Here’s how government is promoting fish production in India

India is third largest producer of fish in the world: Here’s how government is promoting fish production in India

The nation's 8,118 km of coastline, which spans 9 coastal States and 4 Union Territories, supports the livelihoods ...

Can The RBI Really Tame Inflation?

Can The RBI Really Tame Inflation?

After a brief respite, retail inflation is again above the 6% mark. Now, the RBI might find it tough to ...

Phase IV of Sagar Parikrama to be launched in Karnataka: A look at India’s blue economy

Phase IV of Sagar Parikrama to be launched in Karnataka: A look at India’s blue economy

The phase IV of the Sagar Parikrama beginning from the district of Uttar Kannada on March 18, 2023 will end ...

Credit Suisse Crisis: All you need to know

Credit Suisse Crisis: All you need to know

At 31,874.57, the 30-stock Dow finished 280.83 points, or 0.9 percent down. The S&P ...

India’s exports to cross $750 billion in current fiscal, says Comm Min Piyush Goyal: Will exports really cross the set mark?

India’s exports to cross $750 billion in current fiscal, says Comm Min Piyush Goyal: Will exports really cross the set mark?

India’s overall exports from April- January 2022-23 stood at $641.24 billion as compared to $546.55 ...

India’s retail inflation drops to 6.44% in February: But remains above RBI’s threshold of 6%

India’s retail inflation drops to 6.44% in February: But remains above RBI’s threshold of 6%

The National Statistical Office (NSO) released the All India Consumer Price Index (CPI) and corresponding Consumer Food Price Index (CFPI ...

India’s net direct tax collections hit 13.73 lakh crore till March 10: Up by 16.78% year-on-year

India’s net direct tax collections hit 13.73 lakh crore till March 10: Up by 16.78% year-on-year

As of March 10, 2023, gross direct tax revenues for the fiscal year 2022–23 were Rs 16.68 ...

More than 2 months since Hindenburg hit Adani: A look at the performance of Adani Group’s stocks

More than 2 months since Hindenburg hit Adani: A look at the performance of Adani Group’s stocks

The Adani group had termed all the allegations as baseless and said that the accusations are a malicious combination of ...

Government imposes PMLA on Cryptocurrency: How does it tends to affect the Indian crypto market

Government imposes PMLA on Cryptocurrency: How does it tends to affect the Indian crypto market

By including cryptocurrencies in India's money laundering regulations, officials will have more power to keep an eye on the ...

Foxconn Fight- Telangana vs. Karnataka: How mobile phone production is an important contributor to India’s economy

Foxconn Fight- Telangana vs. Karnataka: How mobile phone production is an important contributor to India’s economy

The K Chandrashekar Rao government said on Monday that a letter from Foxconn Technology Group had resolved the issue, despite ...

US Commerce Secretary Gina Raimondo on a 4 day visit to India: A look at trade between India and US

US Commerce Secretary Gina Raimondo on a 4 day visit to India: A look at trade between India and US

After a three-year hiatus, India and the US will host a commercial dialogue on March 10 to discuss collaboration ...

February GST collection at Rs 1.49 lakh crore, up by 12% but 5% lower than January 2023

February GST collection at Rs 1.49 lakh crore, up by 12% but 5% lower than January 2023

The gross GST revenue collected in the month of February 2023 was Rs 1,49,577 crore of which CGST ...

Periodic Labour Force Survey 2021-22: Unemployment rate falls to lowest since 2018

Periodic Labour Force Survey 2021-22: Unemployment rate falls to lowest since 2018

The unemployment rate in both rural and urban areas declined to 3.2 percent and 6.3 percent respectively during ...

PM launches Rozgar Mela in Uttar Pradesh: Analysing job creation under Narendra Modi govt since 2014

PM launches Rozgar Mela in Uttar Pradesh: Analysing job creation under Narendra Modi govt since 2014

The Prime Minister emphasised the significance of the UP Rozgar Mela today, stating that it will bring joy to 9 ...

Tata Motors to sell 25,000 EVs to Uber: A look at how electric vehicle are emerging as the future of Indian automobile market

Tata Motors to sell 25,000 EVs to Uber: A look at how electric vehicle are emerging as the future of Indian automobile market

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 in January decline by 6.58%: Trade deficit stands at $17.75 billion

India’s exports in January decline by 6.58%: Trade deficit stands at $17.75 billion

India’s exports from April- January 2022-23 stood at $641.24 billion as compared to $546.55 billion in April- January 2021-22.

India’s direct tax collections up by 24.09%: A look at exponential rise in direct tax collection

India’s direct tax collections up by 24.09%: A look at exponential rise in direct tax collection

As of February 10, 2023, gross direct tax revenues for the fiscal year 2022–23 were Rs 15.67 ...

Inflation rate jumps to a 3 month high at 6.52% in January 2023: CPI breaches RBI’s threshold of 6%

Inflation rate jumps to a 3 month high at 6.52% in January 2023: CPI breaches RBI’s threshold of 6%

The government has mandated the Reserve Bank of India to maintain the retail inflation at 4 percent with a margin ...

47.8 Crore Jan Dhan accounts opened till date: Analyzing PM Modi’s financial inclusion scheme

47.8 Crore Jan Dhan accounts opened till date: Analyzing PM Modi’s financial inclusion scheme

PMJDY Accounts have grown around three-fold from 17.9 crore in August 2015 to 47.8 crore as of January 2023.

RBI hikes repo rate by 25 bps to 6.5%: Understanding the causes and repercussions

RBI hikes repo rate by 25 bps to 6.5%: Understanding the causes and repercussions

This is the sixth repo rate hike by the central bank. Prior to this, the RBI had raised the repo ...

Why the proposed decriminalisation bill will be the biggest economic reform since 1991

Why the proposed decriminalisation bill will be the biggest economic reform since 1991

Our dream of $5 trillion economy won’t be achieved if we continue to harass businesses in the name ...

Rs 8083 crore for PLI’s in Budget 2023-24: A look at Production Linked Incentive scheme

Rs 8083 crore for PLI’s in Budget 2023-24: A look at Production Linked Incentive scheme

Launched in March 2020, the PLI scheme was created to incentivize foreign manufacturers to start production in India and incentivize ...

With ballooning subsidy bill, Modi govt looks for alternatives

With ballooning subsidy bill, Modi govt looks for alternatives

The tremendous strain on subsidies has now forced the government to look for alternatives to cut their spending

Government launches new sub-scheme under PM Matsya Sampada Yojana: Here’s how India is promoting blue economy

Government launches new sub-scheme under PM Matsya Sampada Yojana: Here’s how India is promoting blue economy

PMMSY has been approved at the total estimated investment of Rs.20,050 crores comprising of central share of Rs ...

Record tax collection will help absorb bulk of additional subsidies: India Tracker explainer

Record tax collection will help absorb bulk of additional subsidies: India Tracker explainer

The government, however, requires a bigger headroom than this considering its mounting subsidy burden

Unemployment rate in India falls to a four-month low of 7.14% in January: J&K tops the chart with a jobless rate of 21.8%

Unemployment rate in India falls to a four-month low of 7.14% in January: J&K tops the chart with a jobless rate of 21.8%

Before dropping to7.14 percent, the unemployment rate in the month of December 2022 stood at 8.30 percent which ...

Women improve their share in both bank deposits as well as credit

Women improve their share in both bank deposits as well as credit

Increased participation in the labour force, higher financial independence, better credit awareness and improved access to economic opportunities have driven ...

Why GST growth rates of states are showing such high disparity?

Why GST growth rates of states are showing such high disparity?

Why is that despite being under a single indirect tax regime and deriving similar benefits from it, there is such ...

January GST collection at Rs 1.55 Lakh Crore, second highest-ever

January GST collection at Rs 1.55 Lakh Crore, second highest-ever

The monthly Goods and Service Tax (GST) revenues have exceeded the mark of Rs. 1.4 lakh crore for the ...

IMF projects Indian economy to grow at 6.1% in 2023 despite global slowdown

IMF projects Indian economy to grow at 6.1% in 2023 despite global slowdown

The most recent World Economic Outlook predicts that global growth would decrease from an estimated 3.4 percent in 2022 ...

The story of India’s manufacturing sector: Low growth, but optimistic future

The story of India’s manufacturing sector: Low growth, but optimistic future

According to the survey, as many as 61 percent of respondents in the survey reported higher production levels in the ...

Apple exports smartphones worth $1 billion in Dec 2022: How Make in India helped achieve this milestone

Apple exports smartphones worth $1 billion in Dec 2022: How Make in India helped achieve this milestone

The iPhone 12, 13, 14, and 14+ models are produced and exported by Apple from India via its three contract ...

Exports decline by 12% in December, trade deficit remains all-time high

Exports decline by 12% in December, trade deficit remains all-time high

Weakening global demand amid a synchronised rise in interest rates to ward off multi-decade high inflation has led to ...

India-UK free trade talks enters final stage: Here’s why India and UK need to approach with open mind

India-UK free trade talks enters final stage: Here’s why India and UK need to approach with open mind

The agreement between the fifth- and sixth-largest economies in the world is more substantive and will be seen as ...

How RBI managed to control inflation: An India Tracker analysis

How RBI managed to control inflation: An India Tracker analysis

The fall in retail inflation indicates that the steps taken by Reserve Bank of India (RBI) to control the rising ...

WPI inflation slumps to 22 month low at 4.95% in December

WPI inflation slumps to 22 month low at 4.95% in December

The fuel and power inflation inched up due to an uptick in electricity inflation. Core inflation, on the other hand ...

Freebies might be politically advantageous but it is a ‘economic disaster’: Why SBI is right in its assessment

Freebies might be politically advantageous but it is a ‘economic disaster’: Why SBI is right in its assessment

The SBI report makes the air clear that freebies is nothing short of "economic disaster"

Inflation rate slumps to a year low at 5.72% in December 2022: CPI remains below RBI’s threshold of 6%

Inflation rate slumps to a year low at 5.72% in December 2022: CPI remains below RBI’s threshold of 6%

The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The repo rate was increased ...

Industrial Production Rises At 5-Month High Of 7.1% November

Industrial Production Rises At 5-Month High Of 7.1% November

The festive season has proved wonders for the market. It needs to be seen whether this momentum would sustain beyond ...

Unemployment rate rises to 16 month high in December 2022: Haryana tops the chart with a jobless rate of 37.4%

Unemployment rate rises to 16 month high in December 2022: Haryana tops the chart with a jobless rate of 37.4%

The urban unemployment also sharply increased to 10.09 percent in December 2022 from 8.92 percent in November 2022.

At nearly Rs 1.5 lakh crore, December GST revenues up from November lows

At nearly Rs 1.5 lakh crore, December GST revenues up from November lows

The monthly Goods and Service Tax (GST) revenues have exceeded the mark of Rs. 1.4 lakh crore for the ...

Pradhan Mantri Matsya Sampada Yojana: Here’s how India is eyeing to maximise its blue economy

Pradhan Mantri Matsya Sampada Yojana: Here’s how India is eyeing to maximise its blue economy

With a budget of Rs 20,050 crores for a period of five years, PMMSY aims to achieve fish production ...

Rs 2,000 currency notes continue to fall in circulation: RBI data

Rs 2,000 currency notes continue to fall in circulation: RBI data

Rs 2,000 notes were introduced in the aftermath of demonetisation in 2016

Inflation rate slumps to 11 month low of 5.88% in November: CPI falls below RBI’s threshold of 6%

Inflation rate slumps to 11 month low of 5.88% in November: CPI falls below RBI’s threshold of 6%

The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The repo rate was increased ...

India's BIMARU states are developing but there's a long way ahead

India's BIMARU states are developing but there's a long way ahead

In India, as compared to other states, BIMARU states have been lacking behind in terms of development and have not ...

RBI hikes repo rate for fifth straight time: Understanding the reason and its consequences

RBI hikes repo rate for fifth straight time: Understanding the reason and its consequences

The decision has been taken in response to the high inflation faced by the Indian economy in the recent months ...

Passenger vehicle sales cross 3 lakh mark for sixth straight month in November: Kia India records 69% year-on-year growth

Passenger vehicle sales cross 3 lakh mark for sixth straight month in November: Kia India records 69% year-on-year growth

With the Society of Indian Automobile Manufacturers (SIAM), releasing the official data of passenger vehicle sales later this month, it ...

Shadows of global slowdown: What the latest GDP numbers tell us about the nature of India's economy

Shadows of global slowdown: What the latest GDP numbers tell us about the nature of India's economy

The manufacturing sector that contributes 17 percent to the GDP has been experiencing slowdown thus impacting GDP figures.

Farmers’ income increased 1.5 to 2 times between 2018-22 for certain crops: SBI report

Farmers’ income increased 1.5 to 2 times between 2018-22 for certain crops: SBI report

The increase in income of farmers engaged in cash crops (such as tea, coffee, sugarcane, cashew and rubber) has been ...

Farm Loan Waiver: Only 50% Farmers benefitted from the scheme, finds study

Farm Loan Waiver: Only 50% Farmers benefitted from the scheme, finds study

Only around half of the intended beneficiaries of farm loan waivers declared by ten States since 2014 have actually got ...

US overtakes UAE as the top remittance source for India

US overtakes UAE as the top remittance source for India

United States, home to 4 million people of Indian origin has now emerged as the top country when it comes ...

Consumer sentiments to sustain elevated levels, predicts CMIE

Consumer sentiments to sustain elevated levels, predicts CMIE

As predicted by experts, the consumer sentiments dipped as the scintillating glitter faded away and the compelling offers were withdrawn

Why A 7% GDP Growth Rate For 2022-23 Looks Impossible Now

Why A 7% GDP Growth Rate For 2022-23 Looks Impossible Now

Erratic monsoons impacting the Kharif output, poor exports, weak consumer sentiments and tepid revival in industrial activity will ensure GDP ...

Excess imports and dip in exports set to make India’s current account deficit more challenging

Excess imports and dip in exports set to make India’s current account deficit more challenging

Although, India’s high foreign exchange reserves provides enough cushioning to balance the negatives, it’s important that ...

Why India’s export targets have gone for a toss

Why India’s export targets have gone for a toss

With exports data for October 2022 being released, it is now crystal clear that the ambitious exports target of $ 820 ...

India's exports contract for first time in 2 years, trade deficit remains all-time high: India Tracker explainer

India's exports contract for first time in 2 years, trade deficit remains all-time high: India Tracker explainer

Consequently, trade deficit inched up to $26.9 billion in October from $25.7 billion in the previous month; but ...

Inflation rate in October falls to three-month low, yet remains above RBI’s threshold of 6%: India Tracker explainer

Inflation rate in October falls to three-month low, yet remains above RBI’s threshold of 6%: India Tracker explainer

The CPI is heavily weighted by the RBI while formulating its bi-monthly monetary policy. The central bank's Monetary ...

US dollar suffers biggest plunge since 2009: This is a good news for global currencies; here’s why

US dollar suffers biggest plunge since 2009: This is a good news for global currencies; here’s why

The dollar has been the king this year. The US Dollar Index, which measures the performance of the US currency ...

Festive season brings cheer for industries in India: IIP index rises by 3% in September

Festive season brings cheer for industries in India: IIP index rises by 3% in September

Industrial production was hit hard during the pandemic period. It had shrunk 57.3 percent in April 2020 due to ...

Two-wheeler sales show record jump in October: Registers 51% year-on-year growth

Two-wheeler sales show record jump in October: Registers 51% year-on-year growth

The two-wheeler segment showed a huge growth of 51 per cent year-on-year for the first time. With ...

US Federal Reserve hikes interest rates again: How much will it hurt India?

US Federal Reserve hikes interest rates again: How much will it hurt India?

The latest hike, particularly the US one will have a negative effect on emerging markets like India, where the capital ...

Passenger vehicle sales hit new record in October: Mahindra records highest growth as it sales 32,298 units

Passenger vehicle sales hit new record in October: Mahindra records highest growth as it sales 32,298 units

The top six automobile manufacturers- Maruti Suzuki, Hyundai, Tata Motors, Mahindra & Mahindra, Kia India, and Toyota Kirloskar Motors together accounted ...

Indian rupee hits record low vs US dollar: How FII outflow affected the currency slump

Indian rupee hits record low vs US dollar: How FII outflow affected the currency slump

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

At 7.56%, rural India records higher inflation than urban areas: Analysing the trend

At 7.56%, rural India records higher inflation than urban areas: Analysing the trend

Data shows that the rising inflation has hit the rural areas harder as compared to the urban areas in the ...

Government hikes windfall tax on crude oil production: Understanding the changing oil dynamics

Government hikes windfall tax on crude oil production: Understanding the changing oil dynamics

According to a government statement, the tax on crude oil produced by companies like the state-owned Oil and Natural ...

Is The Unicorn Dream Run Coming To An End?

Is The Unicorn Dream Run Coming To An End?

With dried up funding, mass layoffs and huge drop in the number of unicorns, India, the third largest start up ...

India's industrial output slips to 18-month low in August, spark fears of economic slowdown

India's industrial output slips to 18-month low in August, spark fears of economic slowdown

According to use-based classification, contraction in IIP was led by both consumer durables (2.5 percent) and consumer non ...

Start-up funding in India hits 2-year low, shows PwC report: Look at best and worst performing sectors

Start-up funding in India hits 2-year low, shows PwC report: Look at best and worst performing sectors

According to the research, startup funding in India hit a two-year low in Q3 of CY22 at $2.7 ...

How IMF and Nomura projected India’s GDP Growth

How IMF and Nomura projected India’s GDP Growth

As per Nomura, the growth projection for 2022 is 7.2% because economic activity has resumed across sectors, even in ...

Two-wheeler sales zoom past the 1.5 million-unit mark in September

Two-wheeler sales zoom past the 1.5 million-unit mark in September

The record sales are happening at a time when international agencies have cut India's GDP growth, retail and food ...

Signs of economic recovery? Passenger vehicle sales hits all-time high in September

Signs of economic recovery? Passenger vehicle sales hits all-time high in September

The important thing which needs to be marked in this case is that the passenger vehicle sales have scaled a ...

Indian economy this week: IMF cuts economic growth forecasts; food inflation hits 22-month high

Indian economy this week: IMF cuts economic growth forecasts; food inflation hits 22-month high

The GDP growth forecasts for the Indian economy is falling at a regular interval. If anything, the yesterday's inflation ...

Inflation rate spikes to 5-month high as RBI fails to meet price mandate

Inflation rate spikes to 5-month high as RBI fails to meet price mandate

The consumer price index continued to remain above the 6% mark for the ninth consecutive month as the CPI increased ...

Rising Inflation & Falling Growth Rate: What Next?

Rising Inflation & Falling Growth Rate: What Next?

According to the latest data released by the Ministry of Statistics & Programme Implementation on October 12, it would also be ...

IMF forecasts decline in global growth rate; India to be one of the fastest growing economies amid global concerns

IMF forecasts decline in global growth rate; India to be one of the fastest growing economies amid global concerns

The forecast published by the international lender shows that India has emerged as one of the fastest growing economies in ...

Fiscal Management and ‘Freebies’: Centre vs States

Fiscal Management and ‘Freebies’: Centre vs States

The fiscal responsibility legislation binds the centre and states to contain their fiscal deficit within 3% of the GDP. The ...

The unemployment rate in India dips to a dramatic 6.43%

The unemployment rate in India dips to a dramatic 6.43%

The dip is particularly significant when compared with the annual high of 8.3% for the previous month of August 2022

India's service sector growth slumps to 6-month low in September

India's service sector growth slumps to 6-month low in September

The depreciation of service sector is alarming as it contributes the maximum to India's GDP

Why petrol prices in India have not fallen despite crude oil prices dropping at seven-month low?

Why petrol prices in India have not fallen despite crude oil prices dropping at seven-month low?

The fall in global fuel prices creates further room for downward revision in the retail selling price of petrol and ...

Can GDP Growth Touch Even 6.5% This Year?

Can GDP Growth Touch Even 6.5% This Year?

The frequent changes in forecasts and estimates reflect the deep uncertainties that have engulfed the global economy as many large ...

Are Consumer Sentiments Improving Rapidly Enough?

Are Consumer Sentiments Improving Rapidly Enough?

Consumption by Indian households accounts for 58% to 60% of the GDP and a sustained recovery in the Indian economy ...

India’s manufacturing activity dips in September; service sector slumps to 6-month low

India’s manufacturing activity dips in September; service sector slumps to 6-month low

The primary reason behind the dip in industrial activity is weak external demand that weighed on overall sales, with international ...

Why Nirmala Sitharaman Is An “Unlucky” Finance Minister

Why Nirmala Sitharaman Is An “Unlucky” Finance Minister

The World Trade Organization has just released its forecast for growth in global trade and GDP for 2023. And the ...

What Explains The Huge Variations In Inflation Across States?

What Explains The Huge Variations In Inflation Across States?

Since April this year, when the current financial year commenced, the consumer price inflation has been consistently above the self ...

India’s external debt reaches new high at $620.7 billion; 8.2% Y-o-Y increase

India’s external debt reaches new high at $620.7 billion; 8.2% Y-o-Y increase

India's external debt increased by 8.2 percent to $620.7 billion on March 31, 2022, up from $573 ...

India’s exports register a fall of 3.52% to $32.62 billion in September 2022

India’s exports register a fall of 3.52% to $32.62 billion in September 2022

India’s merchandise imports in April -September 2022-23 were $378.53 billion with an increase of 37.89 ...

India’s trade deficit declines marginally, but continues to remain all-time high

India’s trade deficit declines marginally, but continues to remain all-time high

According to analysts, the current account deficit of India will almost certainly cross 5 percent of GDP in the current ...

GST collection in August at Rs. 1.47 lakh crore; Up 26% Y-o-Y

GST collection in August at Rs. 1.47 lakh crore; Up 26% Y-o-Y

Maharashtra continued to contribute maximum GST collections followed by Tamil Nadu, Gujarat and Karnataka

Can car sales break the record of 3.38 million achieved in 2018-19?

Can car sales break the record of 3.38 million achieved in 2018-19?

According to Nomura Financial Advisory and Securities (India), passenger vehicle sales is likely to cross 3.50 lakh units as ...

Centre extends free ration scheme by 3 months: A look at wheat and rice stocks in India

Centre extends free ration scheme by 3 months: A look at wheat and rice stocks in India

Due to the extension, there is a fear that rice stocks may plunge below the buffer for the first time ...

Tracing the journey of Production Linked Incentive scheme: Has it made India more atmanirbhar?

Tracing the journey of Production Linked Incentive scheme: Has it made India more atmanirbhar?

IndiaTracker looks at the journey of Modi government's flagship programme using data compiled by various ministries

Narendra Modi govt extends free ration scheme for three months: Here are the pros and cons

Narendra Modi govt extends free ration scheme for three months: Here are the pros and cons

Launched in March 2020, PMGKAY is one of the pet projects of PM Narendra Modi

 How Helpful Have Been Mudra Loans?

How Helpful Have Been Mudra Loans?

The war-of-words began between the two soon after the congress leader P. Chidambaram took to twitter to tweet ...

Why Is India Failing To Reduce Its China Dependence?

Why Is India Failing To Reduce Its China Dependence?

India-China trade is on track to surpass USD 100 billion for the second straight year. China's exports to ...

Has India’s ban on wheat and rice exports fueled global food prices?

Has India’s ban on wheat and rice exports fueled global food prices?

India said that the ban on export of broken rice comes after a massive increase in exports

Asian Development Bank cuts India's GDP growth forecasts to 7%: Why growth forecasts for India are falling

Asian Development Bank cuts India's GDP growth forecasts to 7%: Why growth forecasts for India are falling

If the monetary institutions are to be believed Indian economy seems to be following global trends

India’s current account deficit to touch 5.6% of GDP, predicts CMIE

India’s current account deficit to touch 5.6% of GDP, predicts CMIE

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.

Indian rupee remains steady after a historic fall: Understanding the reasons and its impact

Indian rupee remains steady after a historic fall: Understanding the reasons and its impact

The rupee depreciated by 8 paisa to 79.82 on Wednesday. Economic and financial experts had attributed the reason behind ...

Why Are Two Wheeler Sales Not Booming?

Why Are Two Wheeler Sales Not Booming?

Domestic sales of two wheelers are growing, but definitely not booming the way passenger car sales have been for more ...

As Prince Charles ascends the throne, a look at the future challenges for United Kingdom

As Prince Charles ascends the throne, a look at the future challenges for United Kingdom

The death of the longest ruling monarch of UK comes at a time when the United Kingdom is battling with ...

Explained: What is the PM-PRANAM scheme that aims to reduce use of chemical fertlisers?

Explained: What is the PM-PRANAM scheme that aims to reduce use of chemical fertlisers?

One of the primary objectives of the scheme will be minimising Union government's subsidy burden on chemical fertilizers

India manages to save Rs 35,000 crore by buying Russian oil; analyzing India’s oil imports from Russia

India manages to save Rs 35,000 crore by buying Russian oil; analyzing India’s oil imports from Russia

According to estimates, India has been able to save Rs. 35,000 crore as it has preferred to purchase the ...

How Dangerous Is The Decline In Forex Reserves?

How Dangerous Is The Decline In Forex Reserves?

According to the latest data released by the Reserve Bank of India on September 16, 2022, the total forex reserves ...

RBI wants govt to privatize public sector gradually: Here’s why

RBI wants govt to privatize public sector gradually: Here’s why

The major issue associated with the privatization of PSBs and converting them into private sector banks (PVBs) is that the ...

Why the battle between Maharashtra and Gujarat over Vedanta-Foxconn deal is good for India

Why the battle between Maharashtra and Gujarat over Vedanta-Foxconn deal is good for India

Vedanta, one of India’s biggest mining companies, and Taiwan’s Foxconn announced to set up semiconductor and ...

High LPG prices is reversing gains made by PM- Ujjwala Yojna

High LPG prices is reversing gains made by PM- Ujjwala Yojna

High cylinder prices has reversed gains made by PM Narendra Modi's pet scheme - Pradhan Mantri Ujjwala Yojana

Sheikh Hasina’s visit to New Delhi; analyzing the bilateral trade between India and Bangladesh

Sheikh Hasina’s visit to New Delhi; analyzing the bilateral trade between India and Bangladesh

Bangladesh is India’s biggest trade partner in South Asia and India is the second biggest trade partner of ...

Jan Dhan Yojana completes 8 years: Analyzing PM Modi's financial inclusion scheme

Jan Dhan Yojana completes 8 years: Analyzing PM Modi's financial inclusion scheme

Prime Minister Narendra Modi government’s flagship financial inclusion program Pradhan Mantri Jan Dhan Yojana has recently completed its ...

Heading towards $5 trillion economy, can India achieve the target by 2025?

Heading towards $5 trillion economy, can India achieve the target by 2025?

Prime Minister Narendra Modi while addressing the nation from the ramparts of the Red Fort on 15th August 2019 had ...

What Germany can learn from India's digital infrastructure

What Germany can learn from India's digital infrastructure

While India is way behind Germany in economical terms, its digital infrastructure is at par with developed economies. Since 2013 ...

GDP At 13.5%: Will Ordinary Indians Benefit?

GDP At 13.5%: Will Ordinary Indians Benefit?

As the latest figures of GDP growth rate for the April-June 2022 quarter show (13.5%), the roller coaster ...

Job creation in June hits record high

Job creation in June hits record high

According to the recent data released by the Ministry of Statistics and Programme Implementation (MOSPI), the month of June witnessed ...

Rupee continues its steady run after a historic low: What lies ahead for the Indian currency?

Rupee continues its steady run after a historic low: What lies ahead for the Indian currency?

Late last month, the rupee had touched a historic low of Rs 80 per dollar

Investment through participatory notes decline to Rs. 75, 725 crore in July, hits approx two year low

Investment through participatory notes decline to Rs. 75, 725 crore in July, hits approx two year low

Investment in the Indian capital markets via participation notes declined to Rs. 75,725 crore at the end of July ...

Fall of crude oil production continues: India reports 5.57% less production in July

Fall of crude oil production continues: India reports 5.57% less production in July

The trend in fall of crude oil production in India has been continuing over the past months. According to the ...

Russia overtakes Saudi Arabia to become India’s second-biggest crude supplier

Russia overtakes Saudi Arabia to become India’s second-biggest crude supplier

India's oil imports from Russia surged to a record of around 950,000 barrels per day (bpd) in June ...

 Why Is Domestic Air Traffic Falling Again?

Why Is Domestic Air Traffic Falling Again?

Do the declining numbers in domestic aviation traffic reflect the concerns expressed by some analysts that the revival in economic ...

Can the power sector ever be reformed?

Can the power sector ever be reformed?

As reported across TV channels, digital platforms and newspapers, the Ministry of Power has finally cracked the whip on 27 ...

How will Jet Airways, Akasa Air's entry impact aviation industry

How will Jet Airways, Akasa Air's entry impact aviation industry

The entry of Akasa Air and Jet Airways in the already saturated market will help the industry gain momentum in ...

India’s domestic crude oil slips to 28-year low in FY22

India’s domestic crude oil slips to 28-year low in FY22

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

Female workforce participation declines over a decade

Female workforce participation declines over a decade

Passenger vehicle sales rise by 11% in July as chip supply improves

Passenger vehicle sales rise by 11% in July as chip supply improves

Passenger vehicle wholesales rose to 2,93,865 units in the last month as compared to 2,64,442 units ...

Industrial growth reflects a steady economic recovery

Industrial growth reflects a steady economic recovery

Some analysts think Nirmala Sitharaman to be one of the unluckiest finance minsters India has had. When she became Finance ...

Has Inflation really stopped hurting low income Indians?

Has Inflation really stopped hurting low income Indians?

Three Indians would have heaved a sigh of relief when the National Statistical Organization released retail inflation figures for July ...

India ranks seventh in the list of digital currency ownership, ahead of UK and Australia

India ranks seventh in the list of digital currency ownership, ahead of UK and Australia

In India, 7.3% of the population owned digital currency in 2021, ranking seventh in the list of top 20 ...

After months of decline, India's Forex Reserve witnesses $2.31 Billion rise

After months of decline, India's Forex Reserve witnesses $2.31 Billion rise

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?

Do State Owned Insurance Companies Still Dominate The Market?

Do State Owned Insurance Companies Still Dominate The Market?

India’s manufacturing activity touches 8-month high in July

India’s manufacturing activity touches 8-month high in July

The improvement signals a slow but steady recovery after the global pandemic coupled with geopolitical complications triggered by Russia-Ukraine ...

The RBI Gets Serious About Inflation

The RBI Gets Serious About Inflation

The Governor of the Reserve Bank of India, Shaktikanta Das seemed to echo these sentiments when he announced another 50 ...

RBI hikes repo rate by 50 basis points. Where does India stands in comparison to USA and UK?

RBI hikes repo rate by 50 basis points. Where does India stands in comparison to USA and UK?

The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Friday hiked the repo rate/ lending rate ...

UPI records 6 billion transactions in July: Tracing the biggest success of Digital India initiative

UPI records 6 billion transactions in July: Tracing the biggest success of Digital India initiative

For millions of small traders, kirana shop keepers, hand cart vegetable vendors, mandi sellers, a UPI seller app ensured that ...

ED Raids Rose by 27 Times in 2014-2022 Compared to 2004-14

ED Raids Rose by 27 Times in 2014-2022 Compared to 2004-14

In addition, the conviction rate is abysmally low. In around 5,400 PMLA cases in 17 years, there have been only 23 convictions

How Good Were Modi Critics At Tackling Inflation?

How Good Were Modi Critics At Tackling Inflation?

One hot button issue in recent times has been inflation that has caused immense hardship to ordinary Indians.

India has zero probability of slipping into recession, says survey

India has zero probability of slipping into recession, says survey

India is one of the select countries that has a zero probability of facing a severe economic slump

The 5G auction was completed successfully, Here is the journey from 2G to 5G auction

The 5G auction was completed successfully, Here is the journey from 2G to 5G auction

Jio bought the highest spectrum with Rs. 88,078 crore, while Airtel stood second with Rs. 43,084 crore and ...

Is India Collecting Enough Taxes?

Is India Collecting Enough Taxes?

Total GST collections for the month of July, 2022 is estimated to be Rs 1.49 lakh crores

Why Income Tax Collections Are Growing

Why Income Tax Collections Are Growing

One reason for the improvement in tax collections is both lower rates and their stability

For the second consecutive month, double-digit rise in India's core sector output was recorded in June (12.7%)

For the second consecutive month, double-digit rise in India's core sector output was recorded in June (12.7%)

Coal production rose by 31.1%, cement (19.4%), electricity, and petroleum products increased by 15% or more, while natural ...

Why India Badly Needs A Ports Upgrade

Why India Badly Needs A Ports Upgrade

This is one less talked about area that needs constant and more focused attention.

Two wheeler sales are finally on the recovery path

Two wheeler sales are finally on the recovery path

Two wheeler sales are finally on the recover path, reflecting improved consumer sentiments amongst the aspirational middle class families

The World Battles Inflation

The World Battles Inflation

When an economy is growing rapidly, inflation can be “tolerated”. Unfortunately, most other economies are staring at high ...

Ola will invest 500 million US Dollar (nearly Rs 4,000 crore) to set up its state-of-the-art Battery Innovation Center in Bangalore

Ola will invest 500 million US Dollar (nearly Rs 4,000 crore) to set up its state-of-the-art Battery Innovation Center in Bangalore

The sales of EVs in India have been registering significant growth in the last few years. Around 4,29,217 ...

India imported record $57.51 billion from China in first half of 2022 despite boycott calls

India imported record $57.51 billion from China in first half of 2022 despite boycott calls

India-China trade is on track to surpass USD 100 billion for the second straight year

Will The US Dollar Knock Out The Rupee?

Will The US Dollar Knock Out The Rupee?

As pointed out in a story on India Tracker some days ago, while India exported goods worth $ 40 billion in ...

The GST and Freebie Tangle

The GST and Freebie Tangle

Without getting into the politics, or even the ethics of the move, India Tracker takes a look at the latest ...

Does India Have Enough Food Grain Stocks?

Does India Have Enough Food Grain Stocks?

India Tracker decided to go to the website of Food Corporation of India to check the status of buffer stocks

Why The NREGA Is Here To Stay

Why The NREGA Is Here To Stay

Expenditure on NREGA made through the Union Budget has been increasing consistently since Narendra Modi became Prime Minister

India’s industrial output rises to 19.6% in May, highest in 12 months

India’s industrial output rises to 19.6% in May, highest in 12 months

Industrial production was hit hard during the pandemic period. It had shrank 57.3% in April 2020 due to a ...

A $6 billion bank crisis is brewing in rural China

A $6 billion bank crisis is brewing in rural China

Four rural banks in China's central Henan province, since April, have frozen millions of dollars’ worth of deposits

Population Explosion or Demographic Desolation?-Part 2

Population Explosion or Demographic Desolation?-Part 2

There have been numerous studies, research papers and books attempting to analyse why women in India drop out of the ...

Why a rise in India’s external debt is not a cause of concern

Why a rise in India’s external debt is not a cause of concern

While at a first glance, India's debt looks massive, but is not a cause of concern

Lessons from Sri Lanka: Why Chinese debt-trap diplomacy is a cause of concern

Lessons from Sri Lanka: Why Chinese debt-trap diplomacy is a cause of concern

China has faced criticism for its lending practices to poorer countries, accused of leaving them struggling to repay debts and ...

Will Lower Inflation Help The Aam Aadmi?

Will Lower Inflation Help The Aam Aadmi?

The figures for June have come as a pleasant surprise as most analysts and economist were expecting inflation rates to ...

Sri Lanka’s economic crisis: How India is helping to keep the island nation afloat

Sri Lanka’s economic crisis: How India is helping to keep the island nation afloat

During its crippling financial crisis, India has emerged as Sri Lanka’s main financial backer

India’s external debt increases to 620 billion $: Understanding its implications on our economy

India’s external debt increases to 620 billion $: Understanding its implications on our economy

More than 40 percent or $267 billion worth of external debt is due for repayment in the next nine months

Global Edible Oil Prices Crash, But…

Global Edible Oil Prices Crash, But…

India remains mysteriously and hopelessly dependent on imports to meet demand for edible oil

COVID-19, Ukraine war severely impacted global economy: UN study

COVID-19, Ukraine war severely impacted global economy: UN study

Global economic recovery has been hampered by repeated waves of COVID-19 infections, rising inflationary pressures, major supply-chain disruptions ...

Why India Will Remain The Fastest Growing Economy

Why India Will Remain The Fastest Growing Economy

Three major factors are responsible for ensuring GDP growth takes in India remain, and will remain high

LPG Gas Price Hike: Why cooking gas is getting costlier, and how it impacts your daily life

LPG Gas Price Hike: Why cooking gas is getting costlier, and how it impacts your daily life

The sharp increase in prices is bound to compound misery of households grappling with runaway inflation and rising prices of ...

PM Modi’s Make in India call booms up toy industry: Imports down by 70%, Exports up by 61%

PM Modi’s Make in India call booms up toy industry: Imports down by 70%, Exports up by 61%

The industry has benefitted from a number of interventions by the government and the results show the success of the ...

What Is Driving Deposit Growth In Banks?

What Is Driving Deposit Growth In Banks?

Deposits overall and their growth is still dominated by middle, upper middle class and rich Indians.

Can The GST Be Fixed?

Can The GST Be Fixed?

Despite all the complaints, the glitches and the bureaucratic complexities, data seems to suggest that GST is now a bona ...

Why The Falling Rupee Against The US Dollar Upsets Indians

Why The Falling Rupee Against The US Dollar Upsets Indians

Rupee has been falling steadily against the dollar since 2014 despite some modest recoveries on occasion.

Why India Remains A Big Importer From China

Why India Remains A Big Importer From China

Despite the clamour to boycott Made in China goods and efforts to restrict imports, imports from China have grown astronomically

Indian rupee hits record low vs US dollar: Understanding the reason and its consequences

Indian rupee hits record low vs US dollar: Understanding the reason and its consequences

The Indian currency has been on a decline by almost 5 percent since early this year

Inflation Is Now A Global Menace

Inflation Is Now A Global Menace

Thanks to the war in Ukraine, there have been widespread disruptions in supply chains of oil and food which have ...

Kerala, Rajasthan, Bengal among five states showing signs of financial stress: RBI

Kerala, Rajasthan, Bengal among five states showing signs of financial stress: RBI

The Reserve Bank of India has named Bihar, Kerala, Punjab, Rajasthan and West Bengal as highly stressed states

India-EU to resume free trade talks:  Here’s why India and EU need to approach with open mind

India-EU to resume free trade talks: Here’s why India and EU need to approach with open mind

This would be one of the most significant FTAs for India as EU is its second largest trading partner after ...

Is $ One Trillion In Exports Now Within Grasp Or A Mirage?

Is $ One Trillion In Exports Now Within Grasp Or A Mirage?

Something dramatic seems to have changed in the last two years, particular in the last year

The creation of smaller states hasn’t really helped in reducing poverty

The creation of smaller states hasn’t really helped in reducing poverty

The exhaustive report not only creates a better measure of poverty, but also sends three powerful signals to policy makers ...

As Inequality Report Flags Poverty in India, Lessons from Odisha & Bihar

As Inequality Report Flags Poverty in India, Lessons from Odisha & Bihar

A C-Voter poll for Odisha and Bihar shows why good governance is key for development.

Shiny GDP data masks anxieties of a silent population

Shiny GDP data masks anxieties of a silent population

A nationwide poll by C-Voter finds that people largely remain nervous and uncertain about their families’ financial prospects

Our survey shows farm laws are popular. Modi was correct in his assessment

Our survey shows farm laws are popular. Modi was correct in his assessment

More than 50% of CVoter’s respondents said the three farm laws were indeed beneficial. But the messaging was wrong.

View: Perception of FDI flowing into Indian businesses is positive, but has political nuances

View: Perception of FDI flowing into Indian businesses is positive, but has political nuances

Business may be global, but politics remains anchored in the local. Increasingly, the former will have to factor in wider ...