After a dip in FY21 due to Covid-19-induced lockdowns, per capita GDP increased again in FY22 as economic activity picked up pace. Per capita consumption expenditure, a key indicator of household spending, also contracted in FY21, before regaining momentum in FY22. However, the government needs to boost consumption to accelerate further growth.
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Macro
Budget 2022: Boosting consumption key
Per capita consumption expenditure, a key indicator of household spending, had contracted in FY21, before regaining momentum in FY22.
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India’s gross FDI surged 26% to $42 bn in H1FY25
Net outward FDI jumped to $10.7 billion during April-September 2024, up from $6.5 billion in the same period last year
RBI says Oct retail inflation a 'sticker shock' after wake-up call in Sept
On growth, RBI economists write the lack of speed in Q2 is "behind us" as private consumption is back to being the driver of domestic demand with a festival boost
Maharashtra Elections 2024: Bollywood stars step out to vote
There are a total of 4,136 candidates, including 2,086 independents, vying for seats across the state.
Why diversity could drive India's next economic leap
As per the World Economic Forum, by 2026, companies and businesses globally are set to invest over $15.4 billion in DEI initiatives.
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India’s gross FDI surged 26% to $42 bn in H1FY25
Net outward FDI jumped to $10.7 billion during April-September 2024, up from $6.5 billion in the same period last year
RBI says Oct retail inflation a 'sticker shock' after wake-up call in Sept
On growth, RBI economists write the lack of speed in Q2 is "behind us" as private consumption is back to being the driver of domestic demand with a festival boost
Maharashtra Elections 2024: Bollywood stars step out to vote
There are a total of 4,136 candidates, including 2,086 independents, vying for seats across the state.
Why diversity could drive India's next economic leap
As per the World Economic Forum, by 2026, companies and businesses globally are set to invest over $15.4 billion in DEI initiatives.