Home loans continue to dominate retail credit, accounting for 51% of total personal loans in FY2024, remaining by far the largest segment, said a report. However, this share has dipped slightly from 53.6% in FY2016, it remains by far the largest segment.
India’s external performance demonstrates resilience to global shocks and highlights the structural characteristics associated with a rapidly growing economy that is integrating more deeply into global markets, says the Economic Survey tabled in Parliament on Thursday by Finance Minister Nirmala Sitharaman.
India’s organic food market is projected to grow at a compound annual growth rate (CAGR) of 20.13 per cent to USD 10,807 million by 2033.
The Inland Waterways Authority of India (IWAI) has achieved a record-breaking 145.5 million tonnes of cargo movement on the country’s national waterways during the fiscal year 2024-25, according to a statement issued on Tuesday.
Global Capability Centres (GCCs) in India are poised for a notable 9.8 per cent salary growth over the next 12 months, a report showed on Wednesday.
Furthermore, during the past 5 months (April-August) of the current financial year 2024-25, the transaction volume has reached to 8,659 crore, it added.
India is the largest DRI producer in the world with its production set to rise above 75 MT by fiscal 2030 from 51.5 MT in fiscal 2024, according to a Crisil report.
The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027, according to a report on Wednesday.
India's textile industry is expanding at a rapid pace with the country's textile exports projected to touch $65 billion by the financial year 2025-26, according to Invest India.
The global spending on artificial intelligence (AI), including AI-enabled applications, infrastructure and related IT and business services, is likely to reach $632 billion by 2028, a new report said on Monday.
