KKR & Co. says the consumer sector will continue to provide investment opportunities in India, where the US buyout giant is also building out its private credit portfolio. The investment firm remains bullish on India’s domestic consumption story despite elevated valuations, according to Gaurav Trehan, head of Asia Private Equity and the chief executive officer … Read more
New Delhi: India’s economy is poised to achieve 8-9% growth, Confederation of Indian Industry (CII) president R Dinesh told ET in an interview, highlighting land, labour and manufacturing reforms as the key focus areas for the new government, which he said will also spur private investment. “We should consider establishing a fund to support new-age … Read more
India is benefiting from growing interest from multinationals, which see it as an alternative manufacturing base in the context of developed economies’ supply chain diversification strategies, a flagship report by the UN has said, underlining that investment in the country remains strong. The ‘2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads … Read more
New Delhi: Key markers point to the Indian economy remaining buoyant at the end of 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, as per the monthly economic review by the National Council of Applied Economic Research (NCAER). The PMI for manufacturing activity increased to 56.9 … Read more
New Delhi: The government is not at a “standstill” just because elections are coming up but is “super active” as it works on turning India into a developed, $35 trillion economy by 2047, commerce and industry minister Piyush Goyal said Friday. The theme of the upcoming general election is Viksit Bharat with a focus on … Read more
As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more
As the results for the Oct-Dec quarter are unveiled, insights from management commentaries across various sectors provide valuable indicators of the Indian economy’s health. Businesses serve as the backbone of the economy, and their performance reflects the overall economic landscape. By examining key sectors and their respective performances, we aim to share a comprehensive overview … Read more
Mumbai: A narrower-than-expected trade deficit and higher services exports in January have prompted economists to scale down the current account deficit (CAD) estimates for FY24. Capital inflows through both foreign direct investment (FDI) and portfolio flows are expected to improve during the rest of the fiscal. But potentially higher foreign exchange inflows may not mean … Read more
India has a new aspiring middle class of 250 million people who will fuel growth, also in the mobility sector, Prime Minister Narendra Modi said in his address at the inaugural edition of the Bharat Mobility Show, adding that automobile and auto component makers have a big role to play in realising their needs and … Read more
What is the annual financial statement presented by the government outlining its revenue and expenditure for the upcoming fiscal year known as? a) Economic Survey b) Budget Estimate c) Union Budget d) Financial Outlook e) None of the above This document provides an overview of the Indian economy, including key economic indicators and policy recommendations. … Read more
