Unemployment rate dips to 6.7% in March quarter: survey

16 May 2024 01:48 AM IST

The unemployment rate for people aged 15 years and above in urban areas declined to 6.7 per cent in the January-March period from 6.8 per cent a year ago, according to the National Sample Survey Survey (NSSO). Joblessness, or unemployment rate, is defined as the percentage of unemployed people in

Driven by fuel and power, WPI inflation up 1.26% in April

15 May 2024 01:24 AM IST

India’s inflation based on wholesale price index (WPI) in April increased at a positive rate of 1.26 per cent year on year, when it was 0.8% in April 2023, driven by fuel and power, WPI-food (primary food + manufactured food) and core-WPI (manufactured non-food products) groups, rising to a 13

Retail inflation eases to an 11-month low of 4.83% in April

14 May 2024 03:37 AM IST

Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data released on Monday. The Consumer Price Index (CPI)-based retail inflation was 4.85 per cent in March. It was

Number of international students rises over years: Report

13 May 2024 03:58 AM IST

The number of internationally mobile students globally has significantly increased over the last two decades, as highlighted by data collected by UNESCO.33 In 2001, this number was at just over 2.2 million. A decade later, the number of internationally mobile students had grown to more than 3.8 million. This number

Luxury House sales gain, affordable segment bleeds: Report

11 May 2024 04:13 AM IST

The Indian residential property sector surged relentlessly on in Q1 2024 in terms of both sales and new launches, but the gains are increasingly uneven across budget segments. Latest ANAROCK data comparing luxury and affordable housing sales share shows luxury gaining markedly while affordable housing continues bleed. Of approx. 1,30,170

Personal health insurance cost in the last 12 months: Study

10 May 2024 03:03 AM IST

The recent move of the Insurance Regulatory and Development Authority of India (IRDAI), the insurance regulator, to help senior citizens and those with pre-morbid conditions is expected to make health insurance premiums go up by 10-15%, according to reports quoting experts. From 1April 2024, IRDA has updated the definitions of

Auto Retail sales grow 27% in April

09 May 2024 01:32 AM IST

Amid favourable market sentiment driven by stable fuel prices, positive monsoon outlook, festive demand and the marriage season, the Indian auto retail sector achieved a robust 27 per cent year-on-year growth in April 2024, even as the industry remains cautiously optimistic due to rising interest in new models, election-related uncertainty

Toy imports down from $304 mn in FY19 to $65 mn in FY24

08 May 2024 02:23 AM IST

The introduction of higher import duties and the Quality Control Order (QCO) has significantly impacted the toy trade in India with imports falling drastically from USD 304.1 million in FY2019 to USD 64.9 million in FY2024. Decisive steps — which include raising import duties — to curb the inflow of

Services sector posts sharpest expansion in 14 yrs

07 May 2024 03:44 AM IST

India’s service sector made a strong start to the first fiscal quarter as new business in terms of total sales and output registered the sharpest expansion in 14 years taking the seasonally adjusted HSBC India Services Business Activity Index to 60.8 in April. Despite falling from 61.2 at the end

India to grow 6.6 % in next two years, driven by public sector demand: OECD

03 May 2024 02:06 AM IST

India’s GDP is projected to grow at 7.8 per cent in the just-concluded financial year 2023-24 and the forecast is for around 6.6 per cent in each of the following two fiscal years, according to OECD’s latest Economic Outlook. However, global near-term developments pose obstacles to higher growth. In the

OECD 2024 outlook: An unfolding recovery

03 May 2024 02:03 AM IST

There are signs that the global outlook has started to brighten, though growth remains modest. The impact of tighter monetary conditions continues, especially in housing and credit markets, but global activity is proving relatively resilient, inflation is falling faster than initially projected and private sector confidence is improving. Supply and

Agri, services grab bigger pie of loans, bank credit grows 16.3% in March 2024

02 May 2024 02:04 AM IST

Bank credit growth to agriculture and services sector at more than 20 per cent year-on-year, in March 2024, surpassed loans to industry which grew by 8.5 per cent yoy in the month under observation. On a yoy basis, non-food bank credit registered a growth of 16.3 per cent in March