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K-shaped recovery narrative flawed and baseless: SBI Research

The State Bank of India researchers stated that nearly half of India s consumption will be carried out by the lower-income segment, comprising 90% of the population, by the end of the next decade. This prediction highlights the country s progress in bridging the inequality gap and challenges the notion of a flawed K-shaped recovery. According to the researchers, the post-pandemic period witnessed a significant shift in consumption patterns, with an additional Rs 8.2 trillion of consumption now being directed towards the lower end of the economic pyramid. ....

State Bank , State Bank Of India , K Shaped Recovery ,

Two areas that'll soon be central to manufacturing, and what India needs to do on that front

Narendra Modi government s focus on electronics is spot on. While the use of industrial policy in the sense of active government intervention to prop up a particular industry is contentious and not consistently successful, if there is one sector worth gambling on - because it is so fundamental to future economic success - it is electronics. ....

South Korea , Narendra Modi , Fourth Industrial Revolution , Electronics Manufacturing , Big Data And Robotics ,

Investments worth Rs 25,813 cr made under pharma PLI as of Sep: Govt

In its year-end review, the Department of Pharmaceuticals (DoP) also said the Pradhan Mantri Bhartiya Janaushadhi Pariyojana achieved its target of opening 10,000 retail outlets in 2023 to provide quality generic medicines at affordable prices to the poor and underprivileged. ....

Department Of Pharmaceuticals Do , Pradhan Mantri Bhartiya Janaushadhi Pariyojana , In Vitro Diagnostics , Pradhan Mantri Bhartiya Janaushadhi Pariyojana , Mantri Bhartiya Janaushadhi Kendras , Pharma Pli , Govt Pli Scheme ,

Why India's auto PLI is yet to pick up after two years

The government is still working on the standard operating procedures (SoPs) for claiming incentives, nearly two years after the scheme became operational ....

Mahendra Nath Pandey , Auto Pli , Fame Ii ,

Investors may need to take foot off the small-cap segment in 2024

The unlocking of investment mindset and the financialization of savings have begun. India has significant potential for growth and the addition of new income tax payers is a positive sign. ....

Commission For Asia Pacific , Organization For Economic , National Single Window System , Industrial Production , Single Window System , Between April , United Nations Economic , Social Commission , Asia Pacific , Economic Co Operation , Small Cap , It Hardware Demand ,