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India’s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India’s logo as she leaves her office to present the federal budget in the parliament, before the nation’s general election, in New Delhi, India, February 1, 2024. | Photo Credit: REUTERS The government under Prime Minister Narendra Modi should focus on adherence…
A laborer carries a sack of vegetables in Lucknow, Uttar Pradesh. File photo for representational purpose only. | Photo Credit: AP The Indian economy has demonstrated resilience in the wake of the COVID-19 pandemic, with the average real GDP growth surging to 8.1 per cent, a substantial increase from the 5.7 per cent growth witnessed…
Read More “Maharashtra, Uttar Pradesh spearhead India’s post-pandemic growth: SBI report” »
According to SBI Research, a good portion of the drawdown from savings have gone to physical assets Mumbai: The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lakh crore from FY21, primarily led by…
Read More “Household Debt Doubles In FY23, Savings More Than Halves To 5.15% Of GDP: SBI Research” »