BUSINESS ECONOMICS - February 1 - 29, 2024

In this issue

In 2024, India is the world's third-largest automobile market and providing direct and indirect employment to more than 19 million people. With the automotive sector currently undergoing an electrifying transformation, India is on track to fulfil its commitment to the United Nations Convention on Climate Change (UNFCCC), aiming to reduce emissions intensity by 45% from the 2005 level by 2030. The automotive industry in India is one of the main pillars of the economy. The rise in popularity of electric vehicles among the public and the business communities in the post-pandemic world has significantly altered the overall landscape of the automobile industry in India. A large number of auto makers both domestic and foreign have shown interest to invest in electric vehicles, recognizing them as the sustainable transportation choice of the future.

Advanced economies losing steam

globally, advanced economies are facing a significant taking a toll on economic activities worldwide, as noted by the Organization for Economic Cooperation and Development (OECD).

2 mins

IMF's Advice and RBI's Rebuttal

International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a threeweek visit annually for major economies, which contribute a sizeable proportion of world's GDP, and once in every two years for small economies.

6 mins

"Prospects and Challenges: A Comprehensive Review of the Indian Economy"

The Ministry of Finance of the Government of India recently released a document titled 'The Indian Economy A Review' on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal.

2 mins

A Tale of Two Economic Crises

The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide.

3 mins

Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY

Canara Bank's Net gained by 26.86% YoY in Q3 Cantareata Profit FY24.

1 min

Is Ayodhya emerging as a global destination brand?

Traditionally, sacred spaces and modern urban landscapes have been perceived as incompatible, akin to oil and water.

6 mins

INDIAN AUTO INDUSTRY GEARS UP FOR GREEN TRANSITION

As  India enters into 2024, the automotive sector stands ready to script a remarkable growth narrative. Backed by a buoyant demand in the passenger vehicle segment despite continuing rises in commodity prices, automobile makers are optimistic to embrace new technologies, especially in the electric mobility space which is expected to witness a number of new launches in both four and two-wheeler segments in the coming year.

7 mins

Dueling German Luxury: BMW and Mercedes-Benz Vie for Dominance in Indian Market

BMW and Mercedes-Benz, revered names in the realm of car enthusiasts. While the debate over which stands as the epitome of driving excellence persists, recent sales figures unveil an intriguing narrative, particularly in the dynamic Indian market.

2 mins

The automobile industry has rebounded to the levels observed in 2018-19, and the future of electric vehicles (EVS) appears promising

RC Bhargava, Chairman of Maruti Suzuki Ltd, recently shared insights on the automobile sector, noting that historically, its performance aligned with the country's GDP.

2 mins

Morarji Desai: Walking the Yogic Path of Truth and Service

What is Yoga? In very short, from the basic viewpoint of Patanjali (the proponent of Yoga, a major branch of Indian philosophy and the author of the Yogashastra Yogasutra), Yoga is the process of merging oneself into the One Indivisible Whole through concentration of mind.

3 mins

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BUSINESS ECONOMICS Magazine Description:

Business Economics, following its credo of “exclusive and comprehensive” coverage, has been one of India’s most popular business magazines. What started as a 12-page tabloid in 1995 has become a magazine with global reach and coverage. 

Each issue consists of ten main sections: World, Finance, Economy, Industry, Agriculture, Environment, Technology, Health, Culture, and Enlightenment. It covers the entire gamut of economic activities in India and abroad. Thoughtful pieces on socially and politically relevant issues, health, education, culture and enlightenment are also covered to give our readers an all around perspective.

Besides having a team of highly-qualified and experienced editors and a network of correspondents spread across the country, it has a panel of eminent columnists.

Business Economics is committed to objective reporting and is not attached to any political or economic ideology