Chennai: Hinduja Group flagship company Ashok Leyland has lined up 5-6 product launches this year in the light commercial vehicle segment, a top official said here on Friday. The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, Managing Director and CEO … Read more
The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to seven per cent this year, mainly driven by strong public investment and resilient private consumption. The World Economic Situation and Prospects as of mid-2024, released Thursday, said, “India’s economy is forecast to expand … Read more
New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s … 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
New Delhi: India’s economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review, Wednesday. NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum. “The markers … Read more
