 "Manufacturing exports plummet from 18% in FY13 to just 1.8% in FY24, signaling a dramatic decline in international sales.")
In a concerning trend for India’s manufacturing sector, the share of exports in total sales has plummeted by nearly two-thirds over the last decade, ending in the financial year 2022-23. Exports once made up over 18 percent of manufacturing sales in FY13, but this figure dropped dramatically to just 6.8 percent in FY23. Early estimates ...
 "Household savings decline as borrowing rises, with a dramatic shift from deposits to diverse financial assets in India.")
A recent report by BCG reveals significant shifts in household finances in India over the past decade. While household deposits as a percentage of GDP dropped from 6.1% to 4.1% in 2023, borrowing increased from 3.3% to 5.8%. This trend shows that unsecured lending in India is now comparable to that in the United States. ...
 "RSS chief Mohan Bhagwat’s comments spark political drama, suggesting tensions between Modi and the Sangh, as Congress predicts the government’s decline.")
RSS chief Mohan Bhagwat recently made headlines with his remarks suggesting that the people will ultimately decide the worth of leaders, including Prime Minister Narendra Modi. Congress leader Jairam Ramesh seized this opportunity to criticize the ruling BJP, claiming that Modi’s relationship with the RSS has deteriorated since the recent Lok Sabha election results. Ramesh ...
 "FDI Surge Masks Decline in Delhi and Rajasthan: A Mixed Outlook")
Foreign direct investment (FDI) in India surged by 47.8% to reach $16.17 billion in the first quarter of the fiscal year, driven by strong inflows in sectors like services, telecommunications, and pharmaceuticals. This marks a significant increase from $10.94 billion during the same period last year. Notably, Maharashtra attracted the most FDI at $8.48 billion, ...
 "Maruti Suzuki Cuts Prices Amid Sales Decline of Mini Cars")
Maruti Suzuki India Limited (MSIL) has announced price cuts for specific variants of its popular mini cars, the Alto K10 and S-Presso, in response to declining sales. Effective from September 2, the prices have been reduced by up to Rs 6,500. In August, the company sold only 10,648 units of these models, marking a 12.8% ...
Today’s Current Affairs: JSW Steel Reports 64.66% Dip in Net Profit for Q4 JSW Steel Ltd, a major player in the steel industry, reported a significant 64.66% year-on-year dip in net profit for the fourth quarter that ended in March 2024. The company’s revenue from operations also saw a decline, falling by 1.5% compared to ...
