From the current Foreign direct investment (FDI) between $70-$80 billion in a year, India is aiming to increase it to $100 billion a year with a rise in the share of the manufacturing sector targeted at 25% of the Gross Domestic Product (GDP) by 2030. Pointing to inputs from the steel sector which had indicated … Read more
Suresh Ganapathy, a Banking Analyst at Macquarie Capital Securities, said that while housing finance companies (HFCs) like Bajaj Housing are currently profitable, it will be tough for them to grow bigger due to the lower profits in mortgage lending. He added that affordable housing finance offers better returns but has limited growth potential. In an … Read more
Commerce and Industry Minister Piyush Goyal has stated that Quick Commerce must collaborate with Kirana stores for last-mile delivery if they want to sustain themselves in the long run and avoid losses. Speaking to CNBC TV18 at the 10th anniversary of the Make In India programme, Goyal noted that while quick commerce may capture business … Read more
India’s foodgrain production reached a record 332.22 million tonne in the 2023-24 crop year ended June, driven by bumper wheat and rice output, the agriculture ministry said on Wednesday. The final estimate for 2023-24 shows an increase of 2.61 million tonne from the previous year’s 329.6 million tonne, the ministry said in a statement. Rice … Read more
The US and China have cut interest rates in the past week. Will the Reserve Bank of India (RBI) follow suit in the October policy? Jahangir Aziz, Head of EM Economics Research at JPMorgan, and Luis Oganes, Head of Global Macro Research at JPMorgan, discuss China’s disinflation and slowdown, Fed rate cuts, Bank of Japan … Read more