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India may take 75 years to reach one-quarter of US income per capita, says World Bank report

Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…

PTI   


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India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V An…

ANI   


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Urgent need to address $4 trillion financing gap to accelerate progress on SDGs, notes FM

Observing that the global South is affected by global uncertainties, she said one in four developin…

PTI   


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Global shifts make compelling case for a structural bull run in Indian assets, says Standard Chartered Bank’s wealth management office

India’s macroeconomic backdrop sets Indian financial market assets up to perform well on a multi-ye…

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1 min read

Need to increase per capita income to make India 3rd largest economy: Bandhan Bank MD

Bandhan Bank managing director Chandra Shekhar Ghosh on Tuesday said there is a need to increase pe…

PTI   


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Rising household debt and shrinking incomes are setting the stage for a recession, top economist says

The US economy has two imbalances that could tip it into a downturn, according to economist David R…

Jennifer Sor   


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Economic Survey 2023-24: Where does India stand on the employment, and what's next?

While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…

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India on course to become world’s second largest economy by 2050, says Gautam Adani

Morgan Stanley in its strategy report earlier this month said these very factors had put the fou…

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India on track to become third-largest economy by 2030: Morgan Stanley

The four global trends -- demographics, digitalization, decarbonization and deglobalization are fav…

ANI   


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Incomes are either rising too slowly or falling at the lower end of the bracket

India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…

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2 mins read

FICCI, McKinsey whitepaper outlines path to 600 million jobs, ₹10 lakh per capita income by 2047

Industry body FICCI and management consulting firm McKinsey have come up with a whitepaper outlinin…

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India's rural-urban income gap declines sharply amid fall in poverty level: SBI Report

Along with the sharp decline in poverty in India, there has also been a marked reduction in the rur…

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3 mins read

India's per capita GHG emissions far below world average: UNEP report

At 2.4 tCO2e (tonne carbon dioxide equivalent), India's per capita greenhouse gas emissions were fa…

PTI   


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Poverty is rising faster in American suburbs as lower-income people are pushed out of big cities

Suburbs in major metros areas in the South, West, and Midwest saw some of the biggest jumps in pove…

Eliza Relman   


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3 mins read

Delhi govt budget 2021-22 aims at raising per capita income at par with Singapore by 2047

"Under previous governments in Delhi, establishment costs used to be around 70-80 per cent. In our …

PTI   


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Spain's per capita income drops again to 30% below the Eurozone average and falls back to 1999 levels

Spain's per capita income was close to the Eurozone average until 2008.

Adrián Francisco Varela   


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5 mins read

Budget 2023-24 highlights: Those with income below ₹7 lakh a year need not pay income tax

The FM today changed the income tax rebate limit from ₹5 lakh per annum to ₹7 lakh per annum in the…

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1 min read

Delhi govt intends to increase city's per capita income to Singapore's level by 2047: Dy CM Sisodia while presenting budget in Assembly. PTI VIT BUN RC

Delhi govt intends to increase city's per capita income to Singapore's level by 2047: Dy CM Sisodia…

PTI   


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6 mins read

Income tax bonanza, capex push emerge as the stars of Budget 2023-24

An upward revision in income tax slabs and a continued push on capital expenditure investments emer…

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3 mins read

The exodus of the ultra-rich to tax havens like Texas and Florida is accelerating - but people may still end up paying more tax than you'd expect

Though Florida and Texas famously have no personal-income tax, they still have to generate state re…

Grace Dean