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New Delhi, Apr 9 (PTI) The World Bank has marginally raised India's growth projections for 2026-27 fiscal to 6.6 per cent and said that although GST rate cuts would boost consumer demands in the initial months of the fiscal, headwinds arising from the Middle East crisis could dent growth. The FY27 projection compares with estimates of 6.9 per cent by the RBI, 6.1 per cent by the OECD, and 6 per cent by Moody's Ratings. In its South Asia Economic Update report released on Wednesday, the World B ...Read More >
New Delhi, Nov 19 (SocialNews.XYZ) Mortgage finance companies outside the banking sector are expected to see strong growth over the next two years, a new report said on Wednesday. According to data compiled by Crisil Ratings, the assets under management (AUM) of non-bank mortgage lenders are set to rise by 18-19 per cent this fiscal and the next, matching the 18.5 per cent growth recorded last year. However, the three key loan segments -- home loans, loans against property (LAP), and wholesale ...Read More >
NewsVoirBengaluru (Karnataka) [India], October 24: The Goods and Services Tax (GST) has been a game-changer in India's taxation system since its rollout in 2017. After almost two decades of deliberation and planning, the country adopted a unified tax structure aimed at simplifying the complex web of state and central taxes. But the journey of GST has been anything but smooth. With its ups and downs over the past eight years, the Indian government is now implementing Next-Gen GST Reforms in 2025. ...Read More >
Mumbai: Goldman Sachs has projected a potential repo rate cut by the end of 2025, bringing relief to borrowers across the country. The global investment bank believes that recent fiscal and policy developments point toward the end of India's current monetary tightening cycle. A cut in the key policy rate would directly lower EMIs on home, car, and other loans, providing more disposable income for consumers. GST Reforms Signal Fiscal Flexibility The report highlights the recent simplification o ...Read More >
VMPL New Delhi [India], September 16: Online furniture start-up Furnisquare has taken a customer-first leap by announcing free shipping across India, making premium and stylish furniture more accessible to households nationwide. This initiative marks a significant shift in the online furniture space, where logistics costs have often been a deterrent for customers. The Indian online furniture market has been growing at double-digit rates in recent years, fuelled by rising internet penetration, ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
New Delhi [India], August 28 (ANI): A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on to consumers, it can boost the country's GDP growth. It stated "A decline in GST rate has a higher multiplier effect (1.08x) than direct taxes. If passed on to consumers, it can add 20-50bps to GDP growth". The report said, a decrease in income tax rate would ...Read More >
NEW DELHI: Recent reductions in income tax burdens, benign inflation, lower interest rates and a favourable outlook for agricultural production are expected to support rural incomes and bolster overall consumption in India, according to a new report. Given that private final consumption expenditure constitutes nearly 60 per cent of India's GDP, it has a strong bearing on India's overall growth outlook. A sustained recovery in consumption is also vital for a meaningful pick-up in private sector ...Read More >
New Delhi: A recent report says that lower income taxes, easing inflation, falling interest rates, and a good outlook for farm output are likely to boost rural incomes in India. This could lead to higher spending across the country. Since household consumption makes up nearly 60 per cent of India's GDP, any rise in rural demand can have a big impact on the nation's overall economic growth. A steady rise in consumption is crucial for a strong rebound in private sector investment. "We expect priv ...Read More >
New Delhi [India], July 7 (ANI): Growth in India's cement demand will recover to 6.5-7.5 per cent this fiscal (2025-26) after falling to 5 per cent in the recently concluded 2024-25 fiscal, according to a Crisil Ratings report. This, coupled with an uptick in realisations, will lift operating profitability by Rs 100 to a level just above the decadal average, the rating agency asserted in its report on Monday. Healthy accrual coupled with robust balance sheets will keep the credit profiles of c ...Read More >
New Delhi [India], July 1 (ANI): The per capita debt of individual borrowers in India has witnessed a sharp increase over the past two years, rising from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025, according to the financial stability report released by the Reserve Bank of India (RBI). The report highlighted that this rise in debt levels has been primarily driven by higher-rated borrowers. RBI stated, 'At an aggregate level, the per capita debt of individual borrowers has grown fro ...Read More >
New Delhi [India], July 1 (ANI): The per capita debt of individual borrowers in India has witnessed a sharp increase over the past two years, rising from Rs 3.9 lakh in March 2023 to Rs 4.8 lakh in March 2025, according to the financial stability report released by the Reserve Bank of India (RBI). The report highlighted that this rise in debt levels has been primarily driven by higher-rated borrowers. Also Read | Fact Check: Is Tesla Cybertruck Being Used for Ploughing Field in India? As AI-Ge ...Read More >
New Delhi: Increasing foreign investment limit in the insurance sector to 100 per cent from 74 per cent is likely to attract more global players in the growing Indian insurance market, Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector. Currently, many foreign insurers are present in the country through joint ventures and could seek to increase their ownership stakes in their Indian affiliates following this change in regulatio ...Read More >
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