HERE WAS ALREADY considerable pessimism about the Indian economy's growth trajectory in FY25. High-frequency data, as well as the commentary from companies, have been pointing at weak consumer demand. The rise in goods and services tax collections, for instance, have consistently undershot nominal gross domestic product growth. Even in that background, the first advance estimates released by the government on Tuesday came as a surprise. At 6.4%, it's a four-year low, and is a sharp decline from the 8.2% growth in FY24. The advance estimates number will surely be achieved as growth in the second half of the fiscal year can be expected to easily clock a growth of 6.7%. But the headwinds could strengthen beyond that. If we have to avoid another disappointment in FY26, some immediate measures need to be taken to resuscitate demand.
Denne historien er fra January 08, 2025-utgaven av Financial Express Ahmedabad.
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Denne historien er fra January 08, 2025-utgaven av Financial Express Ahmedabad.
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Trump comeback: Honda to go slow on new EVs
HONDA MOTOR WILL be cautious about starting production of new electric vehicles due to uncertainty about US President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.
Bid for 2036 Olympics takes pan-India route
● Bhubaneswar, Bhopal, Pune to join Ahmedabad
Flying taxis are on the horizon
Taking Commuting To New Heights
Pritish Nandy dies at 73
Veteran journalist, poet and filmmaker Pritish Nandy passed away in Mumbai on Wednesday, sources close to him said.
AI Policy to Get a Shot in the Arm
Like in other parts of the world, there are concerns that AI may reshape the Indian job market by creating new opportunities while also posing challenges such as job displacement due to automation.
No Pre-emptive Tariff Overhaul
Over a few years to FY23, India had seen a significant tariff escalation, reversing the trend of progressive reduction of these import barriers, primarily in the wake of the pandemic.
India seeks NRI participation in 'Viksit Bharat'
THE 18TH PRAVASI Bharatiya Divas (PBD) convention kicked off here on Wednesday, with external affairs minister S Jaishankar calling upon NRIs and Persons of Indian Origin to actively participate in the quest for a 'viksit Bharat' (developed India).
Sebi issues guidelines for analysts & advisers
Reporting timelines for CRAs relaxed
Oil pares gains on dollar strength
OIL PRICES TRIMMED earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in US crude stocks.
Searching for Global Relevance
GCCs focus on skills-based hiring for growth
