NEW DELHI: India's state governments appear to be priming themselves for a significant capital expenditure (capex) push in the current quarter, offering hope of a drive towards reviving the pace of India's economic growth after a succession of slow-growing quarters.
States across India—led by West Bengal, Maharashtra, and Karnataka—are set to increase their market borrowings by about 18% year-on-year in the fourth quarter of the fiscal year 2024-25 (Q4 FY25).
According to latest data released by the Reserve Bank of India (RBI), the total market borrowing by states for Q4 FY25 may reach ₹4.73 lakh crore, up from gross issuances of ₹4 lakh crore in the year-ago period.
Esta historia es de la edición January 04, 2025 de Hindustan Times West UP.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 04, 2025 de Hindustan Times West UP.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Tough questions for India after two debacles in a row
A second series loss raises more questions than answers as head coach's performance comes under the lens
Govt Forecasts FY25 GDP Growth at 6.4%
India's economy is expected to grow 6.4% in the current fiscal year ending March, the National Statistics Office said on Tuesday, below the initial government projection of 6.5-7%.
Car sales unexpectedly drop by 2% in December, says Fada
Dealers have struggled with tepid demand in the latter half of 2024
Nippon says there's no plan B to blocked US Steel deal
NIPPON'S PLANNED PURCHASE OF ITS US RIVAL WAS BLOCKED LAST WEEK BY THE US PRESIDENT BIDEN
MKT Benchmarks Rebound After Two-Day Decline As Reliance, ICICI Bank Rally
Benchmark equity indices Sensex and Nifty rebounded on Tuesday after a sharp decline in the previous two sessions, driven by intense buying in blue-chip stocks like Reliance Industries, ICICI Bank and L&T amid a firm trend in global markets.
Duty Cut on Smartphone Parts to Hit Electronics Ecosystem, Jobs
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India's developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday.
Wagh Bakri Tea To Invest ₹100 Cr For New Mfg Unit
Ahmedabad-headquartered Wagh Bakri Tea Group will set up a new plant in Gujarat with an investment of over ₹100 crore to increase its raw material storage capacity and instant tea output, CEO Sanjay Singal said on Tuesday.
Infosys taps staff to build ideas factory
In a first, Infosys Ltd has asked employees to think out of the box and come up with new ideas that can be scaled up and offered to clients as part of a business incubator programme.
Banks' profits to moderate in FY26 as bad assets rise
Increase in bad assets will impact banks' profitability in FY26, a domestic rating agency said on Tuesday.
Microsoft to Invest $3 Billion in AI, Cloud Expansion in India
CEO Satya Nadella, however, did not give a time frame for the spending
