economics

Telangana leads India in economic offences, registering a 45.6% surge in cases in 2024. The state's crime rate of 102.1 per lakh population is nearly seven times the national average, with forgery, cheating, and fraud dominating. Despite a high investigation pendency, Telangana shows a strong conviction rate.

Patriotism is not sacrificing life, but about serving the nation through actions, says Ramchander Rao

Seeks Singapore Tie-Up for Growth of Capital City

US Secretary of the Treasury, Scott Bessent, on Wednesday, praised Japan's economic resilience and highlighted the importance of economic security during meetings with senior Japanese leaders on Tuesday as part of his Asia visit. The visit came ahead of US President Donald Trump's upcoming summit with Chinese President Xi Jinping in Beijing from May 13-15.

Odisha's hotel and restaurant association lauded Prime Minister Modi's call for domestic travel, seeing it as a significant boost for the nation's tourism and hospitality. This focus on local tourism promises to stimulate demand, increase spending, and accelerate economic activity.

India faces a significant "live balance of payments stress test" due to the West Asian crisis, impacting inflation and currency, Chief Economic Advisor V Anantha Nageswaran stated. He emphasized that managing the current account and preventing currency depreciation are key macroeconomic goals for FY27.

Prime Minister Modi's appeal to curb gold purchases amid global economic uncertainty has sparked anxiety among Ranchi's jewellers during the peak wedding season. The statement, aimed at conserving foreign exchange, is feared to impact customer sentiment and the livelihoods of artisans and workers in the local bullion market.

Billionaire Carlos Slim advocates for fiscal prudence during economic booms, a principle that strengthens companies for inevitable downturns. This approach counters the tendency for excessive spending and hidden inefficiencies that high revenues often mask. By focusing on waste prevention and retaining flexibility, businesses build resilience, enabling them to navigate crises without drastic measures.

India's economic future hinges on AI, with a potential $500 billion GDP boost by 2030, according to an IBM and IndiaAI study. While corporate enthusiasm is high, a significant 'inflection gap' exists in AI adoption. Addressing data sovereignty, infrastructure, and a massive talent hunt are crucial for realizing this potential.