Former Odisha Chief Minister Naveen Patnaik has expressed his pride in the state’s economic growth from 2000 to 2024, as detailed in a recent report by the Economic Advisory Council to the Prime Minister. Patnaik, who led the state during this time, attributes Odisha’s success to inclusive policies and careful economic management. The report highlights ...
A recent working paper by the Economic Advisory Council to the Prime Minister highlights the impact of economic liberalization since the 1990s on various Indian states. Gujarat, Haryana, Karnataka, Tamil Nadu, and Delhi have seen significant increases in their share of the national GDP from 1990-91 to 2023-24. In contrast, Maharashtra’s GDP share declined from ...
During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...
 "RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.")
Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...
 "India’s GDP Growth Hits Five-Quarter Low Amid Economic Shifts and Challenges")
India’s economic growth for the June quarter slowed to 6.7%, marking a five-quarter low, primarily due to a rise in net indirect taxes. The growth fell short of the Reserve Bank of India’s 7.1% prediction and a Reuters poll estimate of 6.9%. Despite this, the gross value added (GVA) showed sequential growth at 6.8%. Agricultural ...
 "India’s Economic Resilience: Rural Growth Fuels 7% GDP Aspirations Amid Challenges")
India’s GDP grew by 6.7 percent in the first quarter of FY25, according to Chief Economic Advisor V Anantha Nageswaran. He emphasized a positive trend in rural consumption, supported by good monsoon conditions, which could boost overall economic growth to 7 percent in the medium term. While some experts expected growth to slow due to ...
India’s GDP has shown a growth of 6.7% in the first quarter of FY25, a drop from 8.2% the previous year. Meanwhile, Vedanta’s subsidiary faces a tax demand of Rs 11.87 crore. The growth in eight key infrastructure sectors slowed to 6.1% in July, primarily due to decreased output in crude oil and natural gas. ...
 "Billionaire Gautam Adani and his family have topped the 2024 Hurun India Rich List, despite facing allegations from Hindenburg Research last year. Their wealth surged by 95% to Rs 11.61 trillion, dethroning Mukesh Ambani. Adani recorded the highest wealth growth among India’s top ten richest, with significant gains in sectors like ports and energy. The list also highlights Bollywood’s increasing wealth, with Shah Rukh Khan entering for the first time. Overall, India’s billionaires added Rs 28 trillion, representing over half of the nation’s GDP, as the country becomes Asia’s “wealth creation engine.”")
Adani has surpassed Ambani to become India’s richest person according to the latest Hurun list. In an exciting twist, Bollywood superstar Shah Rukh Khan has made his debut on the list. This marks a significant shift in India’s wealth landscape, highlighting the rapid rise of Adani and the enduring popularity of SRK. Read on to ...
