Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 3,50,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank. Last month,
India’s economic growth rate is estimated to slip to a four-year low of 6.4 per cent in 2024-25, mainly on account of poor showing by the manufacturing and services sector, according to government data released on Tuesday. Photograph: Anushree Fadnavis/Reuters
Any reduction in the customs duty on smartphone parts in the forthcoming budget will harm India’s developing component ecosystem, discourage investment, increase imports, and make local firms uncompetitive, potentially resulting in job losses, think tank GTRI said on Tuesday. Photograph:
India has set an ambitious target of textile exports worth $100 billion by 2030, but the recent data released by the Ministry of Textiles pertaining to India’s textile and apparel trade puts achievement of the goal in jeopardy. Textile and
Rising demand for premium devices, led by Apple and Samsung, is expected to increase India’s smartphone market size to over $50 billion (about Rs 428,900 crore) this year, market research firm Counterpoint Technology Market Research said on Friday. Photograph: Francis
India’s forex reserves dropped by $4.11 billion to $640.28 billion during the week ended December 27, the Reserve Bank said on Friday. Ketan Parekh (Right) Photograph: Lisa Marie David/Reuters In the previous reporting week, the overall kitty had dropped by
‘During his stint as prime minister, he got 270 million people out of poverty.’‘This, according to the World Bank, is the fastest compression of poverty anywhere in the world.’ Arvind Mayaram, the former finance secretary, recalls his encounters with Dr
Dr Manmohan Singh first embossed himself on the national consciousness when as India’s finance minister he flagged off economic reforms which changed this nation forever. Glimpses of Dr Singh during his tenure as finance minister, from our archives.
The country’s forex reserves dropped by a further $8.48 billion to $644.39 billion for the week ended December 20, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had dropped by $1.988 billion to
