From TikTok to Nvidia, the tech war gets uglier
Financial Express Chennai|December 12, 2024
The economy's capacity is constrained, Budget must unveil consumption booster and more

India's economic growth capacity seems to have settled around 6-6.5%, a far cry from over the 8% annual expansion required for it to meet the $35 trillion economy target by 2047, the 100th year of Independence. To become a "developed nation" with per capita income (PCI) above $13,000 by 2047, the PCI must grow at a daunting rate of over 11% a year. To be sure, between the second quarters of FY20 and FY25, the gross domestic product (GDP) grew by an annual average of just 4.87%, and between the first quarters of those years, at an even lower rate of 4.59%. The 8.2% GDP growth reported in FY24 was more a statistical bump caused by the pandemic abyss than being reflective of an economic resurgence. Nothing less than a policy overhaul will suffice for the economy to regain its lost growth capacity and avoid a middle-income trap that looks increasingly real.

هذه القصة مأخوذة من طبعة December 12, 2024 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 12, 2024 من Financial Express Chennai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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EY case puts spotlight on white-collar labour laws
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Pushpa 2 hits ₹1,000-crore milestone at global BO

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Why international stars are pulling out of Hockey India League en masse
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THE NO-SHOW

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US hotels welcome Indian tourists with chai, samosa

POST-COVID BOOM

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Credit card issuance slows in Q1: Report

THE ISSUANCE OF new credit cards in the first quarter of FY25 declined by over 34% compared to the same period last fiscal—to 4.4 million from 6.7 million—according to the latest CreditScape report by CRIF High Mark.

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Financial Express Chennai

MFs, pension funds must be active in corp bond market: Setty

STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.

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December 12, 2024
Financial Express Chennai

Sebi notifies tighter insider trading rules

The Securities and Exchange Board of India (Sebi) has notified the expansion of the definition of \"connected persons\" who have access to price-sensitive information, with effect from December 5.

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Equirus Wealth crosses ₹10K cr in assets under management

Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).

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Prioritising inclusion in social networking

Famm Connect acts as a LinkedIn for the LGBTQ+ community

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Early detection to prevent TB spread

• AI-led solutions help screening for the disease

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