Economy

‘Moderation in income growth and slower job creation primary factors for lower consumption’ 

Sonal Varma, Chief Economist (India and Asia, ex-Japan), Nomura, shares her thoughts on the Indian economy in 2024 and what holds for it in 2025. Excerpts:  What has been the biggest disappointment of calendar year 2024? Current stagflation like mix of low growth and high inflation, which basically restricts any policy flexibility to respond.  Everyone says consumption […]

Economy

Services PMI in November almost flat, job creation fastest since 2005

Despite inflationary pressure, the services sector performed well in November, a private survey report released on Wednesday showed. The survey result, known as the Purchasing Managers’ Index (PMI), came in at 58.4 in the said month. Meanwhile, service providers signalled an unprecedented rise in employment. Services has a 53 per cent share in Gross Value […]

Economy

Creation of independent entities will bring better value to our stakeholders: Ravi Jakhar of Allcargo group

The ₹20,000 crore Allcargo group is looking towards the upcoming FY26 with major changes in the group including splitting the international and domestic business which will happen by April 2025. The logistics industry is also witnessing interesting shifts both globally and domestically. businessline spoke to Ravi Jakhar, Chief Strategy Officer, Allcargo Group on the company’s business and […]

PLI ACC Scheme Can Lead to Estimated Increase of $19.38 Billion in Economic Output and Creation of 1.03 Million Jobs in the Country

New Delhi, Delhi, India:   Highlights: The reports “Pathways to Electrical Mobility: Comprehensive Approach for ZEV Mandates & EV Transition in India” and “Assessment of the PLI scheme on Electronic Vehicle Manufacturing in India” were released on November 14, 2024. The findings of the report were presented by […]