In a remarkable turn of events, India's Q1 FY24 GDP growth has surged to an impressive 7.8%. A beacon of hope in a challenging economic landscape, this growth is attributed to the promising signs of revival in private sector investments. In this blog, we'll explore what private capex is, why it matters, and the factors that have influenced its resurgence.
With a formidable array of initiatives, including the Rs 25,938 crore PLI for Automobile and Auto Components, India's automotive industry is on track to secure the coveted third spot globally by 2030. Move over, auto giants—India is shifting gears and heading for the podium!
The Indian government has recently announced a major cut to subsidies for electric vehicles from 40% to 15%. This is a significant change, and it will have a major impact on the EV market in India. Here's what you need to know about the subsidy cut and its implications.
Thanks to government initiatives, increased disposable income, and infrastructural development, the rural landscape is transforming. Previously, a significant portion of rural expenditure was allocated to food, but now, more and more people are diversifying their spending on various goods.
The pandemic has highlighted the role insurance plays in safeguarding our well-being and securing our future. Even beyond the pandemic effect, the insurance industry has experienced a surge driven by evolving demographics and a thriving economy. India's young population, increasing disposable incomes, growing financial awareness, and robust regulatory support are all contributing to the sector's growth.
