Category: Economy

The report submitted to the 16th Finance Commission revealed that 18 districts have a growth rate less than 0.8x of the GSDP expansion rate and per capita income below average state income. Only seven out of 36 districts in Maharashtra contribute 54% of the gross State domestic product (GSDP), which stood at Rs 45 lakh […]

The gross FDI — the money ploughed into India by overseas companies — rose by 13.7% to $81 billion in 2024-25 from $71.3 billion the previous year. The net foreign direct investment into India sunk 96% to $0.4 billion in financial year 2024-25 amid increased repatriation by foreign companies and outward investment by Indian firms, […]

The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check. Amid uncertainties in the global economy due to tariff wars and weak consumer sentiments, the Indian economy is exhibiting resilience with various high frequency indicators of […]

Maharashtra, Gujarat and Karnataka lead India’s States in overall performance, according to a CareEdge Ratings study evaluating economic, fiscal and other key parameters. Western States excel in finance and economy, while Southern states perform strongly in environment and governance. Goa tops the smaller States category, showcasing robust social development indicators. Maharashtra, Gujarat and Karnataka are […]

Among a slew of announcements made by the Minister is a Taiwanese Industrial Park, which will come up near Chennai with a potential to attract ₹10,000 crores and provide jobs to nearly 20,000 persons. With a significant share of the FDI into the State coming from Taiwan, Tamil Nadu is set to establish a Taiwanese […]

India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]

The initiative aims to empower startups across Maharashtra with Rs.30 crores allocated to each regional division, underscoring commitment to fostering a vibrant startup ecosystem and spurring economic growth. Boosting Maharashtra’s potential to become India’s startup capital, the Small Industries Development Bank of India announced Rs 200 crores fund to support innovation and entrepreneurship. Unveiled on […]

More than 1.7 million employees have opted for a higher pension under the Employees’ Pension Scheme (EPS-95) following a landmark Supreme Court ruling. The ruling allows eligible employees to contribute to the scheme based on their actual salary, rather than a fixed cap. The EPS-95, a social security scheme for organized sector employees, has traditionally […]

Ahmedabad: Gujarat, known for its industrial prowess, faces a stark challenge with the closure of 5,974 micro, small, and medium enterprises (MSMEs) between July 2020 and November 2024. Data from the Union Ministry of Commerce and Industries, presented in Parliament, places Gujarat third in MSME closures after Maharashtra (15,220) and Tamil Nadu (7,894) during the […]

Mr. Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months. Commerce and Industry Minister, Mr. Piyush Goyal on Tuesday launched a district master plan under the PM Gati Shakti initiative for infrastructure planning in 27 aspirational districts of the country. […]