Projected recovery in global economy will boost india’s growth: SBI research

29 May 2024 03:17 AM IST

The Economic Research Department of the State Bank of India (SBI) has released a detailed research report authored projecting a significant boost in India’s economic growth, driven by a recovering global economy. The report anticipates that India’s GDP growth could touch 8 per cent in FY24, supported by strong per

Above Normal rainfall most likely this monsoon: Met Dept

28 May 2024 01:31 AM IST

Since 2021, the India Meteorological Department (IMD) has been using a new strategy for issuing operational long rangeforecasts on a monthly and seasonal scales for rainfall and temperatures across the country. For this, a newly developed Multi-Model Ensemble (MME) forecasting system is used. The MME system utilizes simulations from the

Gold prices pull back modestly after record surge

27 May 2024 03:17 AM IST

Gold prices have eased from their peak of mid-April, likely due to profit taking. Nevertheless high gold prices prevailed, ending April up 4% on the back of an 8% rise in March. Since mid-April1 gold prices have moderated 1% and have risen by 15% so far this year, trading at

How much of India’s wastewater is left untreated?

25 May 2024 04:58 AM IST

As is the case with rapid population growth and urbanization in many so-called developing nations, waste management becomes a problem not only in rural areas but also in densely populated cities. A textbook example of this growth outpacing infrastructural capacities is the situation in urban hotspots in India like Delhi,

India’s global Travel & Tourism index rank up at 39th: WEF

25 May 2024 04:54 AM IST

India was ranked 54th in the previously published index in 2021, though changes made to the index parameters limit its comparability to earlier years. India’s rank on the World Economic Forum’s Travel & Tourism Development Index 2024 has risen to 39th place, with global tourism activities returning to pre-pandemic levels,

Unsold Housing Inventory in NCR Down 57%: Report

24 May 2024 00:44 AM IST

Going by a region’s prevailing unsold housing inventory as an indicator of its realty market’s health, North India’s Delhi-NCR – once notorious for speculation-driven oversupply and all-round market disarray – is in significantly better shape than the other regions. Latest ANAROCK data indicates that Delhi-NCR’s unsold inventory declined by a

GDP growth to dip to 6.7% in Q4 from 8.4% in Q3: ICRA

22 May 2024 02:08 AM IST

Even as a slew of projections indicate moderation in India’s GDP growth in the range of 6.3 per cent in the fourth quarter ended 31 March, 2024, from 8.4 per cent recorded in the third quarter this fiscal, ICRA has projected the year-on-year (YoY) expansion of the GDP to moderate

Household savings rate fell to 6-year low in FY2023: Report

22 May 2024 02:04 AM IST

Indian households have been borrowing at a faster pace than they have been saving since the Covid-19 pandemic as a result of which ‘net’ household financial savings — gross financial savings adjusted for liabilities — have fallen. Household savings constitute 60 per cent of the total savings in the economy

84% of Indian small businesses expect robust growth in 2024: Study

21 May 2024 04:56 AM IST

A recent Certified Practising Accountant (CPA) Australia survey reveals an overwhelming optimism among Indian small businesses, with 84 per cent anticipating continued growth in 2024, significantly surpassing the market average of 70 per cent. Despite global economic uncertainties, 80 per cent of Indian respondents remain confident about the local economy’s

8 of 10 business leaders globally adopting AI for growth: Study

20 May 2024 02:02 AM IST

More than eight out of 10 senior business leaders have already deployed artificial intelligence (AI) to enhance existing revenue streams or create new ones, a new study by Tata Consultancy Services, a global leader in IT services, found recently. The ‘TCS AI for Business Study’, a report on the state

World Economic Situation and Prospects as of mid-2024

18 May 2024 04:19 AM IST

The global economic outlook has improved since January, with major economies avoiding a severe downturn, according to World Economic Situation and Prospects as of mid-2024, released by the UN. The world economy is now projected to grow by 2.7 per cent in 2024, instead of 2.4 per cent forecasted earlier,

US TOPS IN OUTFLOW REMITTANCES @ $81.6 billion

17 May 2024 02:19 AM IST

Remittances are financial or in-kind transfers made by migrants directly to families or communities in their countries of origin. The World Bank compiles global data on international remittances, notwithstanding the myriad data gaps, definitional differences and methodological challenges in compiling accurate statistics. Its data, however, do not capture unrecorded flows