CHENNAI: Powered by millennial and Gen Z pet owners‘ search for out-of-the-box products and services for their pets, India’s pet care market is all set to jump from $1 billion in 2022 to $2.5 billion by 2025 – a CAGR of more than 15%. Pet care marketers say the focus is moving away from the…
MUMBAI: RBI‘s deputy governor M Rajeshwar Rao cited last week’s global Windows outage to highlight the risks of outsourcing and relying on a single vendor for critical services. He also pulled up lenders for partnering digital platforms that do not provide redressal mechanism. “Last Friday’s (incident) essentially reflects the kind of risks which I’m talking…
MUMBAI: Since finance minister Nirmala Sitharaman‘s fifth Budget on Feb 1, 2023, Indian investors have become richer by a staggering Rs 174 lakh crore – translating to about $2.1 trillion at the current rupee-dollar rate. In the same time, the sensex has risen 31% (nearly 21k points) while Nifty has outperformed its more popular peer…
NEW DELHI: The Economic Survey calls for strategic reforms to create a robust care economy in India to not only address the expected rise in demand for such services but address the challenge of ‘motherhood penalty‘. Childbearing and childcare is found to have a significant financial impact on women’s careers. ‘Motherhood penalty’ shows up as…
NEW DELHI: It’s underprivileged sections that powered the rise in higher education enrolment, with the growth fastest among females, says the Survey.“In higher education, the female gross enrolment ratio (GER) has been greater than male GER for five consecutive years. While this implies the rising importance of girls’ education, its translation to economic empowerment will…
NEW DELHI: Congress on Monday said that the Economic Survey presents an “illusion” and that India’s economy is “at its most precarious” in years.Congress president Mallikarjun Kharge hit out at PM Narendra Modi, posting on X, “You were lamenting today about being ‘throttled for two-and-a-half hours’, but the truth is that your govt has crushed…
NEW DELHI: The Economic Survey 2023-24 highlighted the need to equip India’s workforce with employable skills and knowledge to meet the demands of the global labour market.With only 4.4% of the young workforce formally skilled, the survey suggested linking skill development initiatives with Production-Linked Incentive (PLI) and employment-linked incentive schemes in high-growth potential sectors such…
NEW DELHI: With defence production rising every year, India clocked the highest-ever arms exports of $2.5 billion (Rs 20,915 crore) in 2023-24, finding a place among the top 25 arms exporter nations.“…there has been a rise in the number of export authorisations issued to defence exporters. From 1,414 export authorisations in FY23, the number has…
NEW DELHI: Excessive use of social media, screen time, sedentary habits, and unhealthy food don’t just raise the risk of non-communicable diseases such as diabetes, heart diseases and certain types of cancer. The Economic Survey 2023-24 has warned that the lethal mix of these lifestyle-related factors that is highly prevalent among India’s working-age population also…
NEW DELHI: The Economic Survey has questioned the conclusions that higher work generation and fund use under the job scheme implies rural distress, arguing that if it was so, then poorer states with higher unemployment should be leading the performance in MGNREGA as against the fact that richer states have a better record of tapping…
