The gross domestic product (GDP) growth forecast for the financial year 25-26 has also been retained at 6.9 per cent for India by S&P Global Ratings
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India aims to emerge as an economic superpower and developed nation by 2027, yet USD 4 trillion and USD 5 trillion gross domestic product (GDP) targets remain elusive, despite robust economic growth
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The data highlights that India took 63 years, from 1947 to 2010, to reach a gross domestic product of USD one trillion
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This share improved by 60 basis points across both scheduled commercial banks (SCBs) and non-banking financial companies (NBFCs) from FY19 to FY24
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The report mentions that the continued reforms are crucial to improving business transactions and logistics, boosting private sector investment, and reducing reliance on public capital
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According to the experts, the private sector should collaborate with the government to improve facilities provided by railways
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Amid the ongoing unemployment crisis, experts say that India's gig economy is a significant contributor to job creation, offering supplementary income opportunities, as seen with delivery roles in ecommerce
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According to the Fibonacci X report, growth is likely to be fuelled by the services sector, research and development (R&D) contribution and surge in the digital payments economy
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All major profit indicators witness an improvement led by lower input prices as global commodity prices were elevated in Q4 FY23
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India's stride towards economic ascendancy has been monumental, lifting millions out of the abyss of poverty. Yet, the spoils of this conquest remain ensnared in the clutches of a privileged few, writes Dr. Vikas Singh
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