Key Points
NEW DELHI : Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by..
Smaller firms accounted for a bigger share in overall profits in 2023-24, while international agencies have become more optimistic about Indias 2024-25 growth projections after its stellar show in 2023-24...
Indias corporate profit has always been driven by the biggest firms, with the top 10% commanding 95% of the profit share..
In 2023-34, the bottom 80% firms accounted for 0.3% share in total profits of the BSE-listed universe, the highest in seven years, a Mint analysis of data for 4,006 companies showed..
Be it the bustling cities or the rural heartland, Indians' love for snacks encompasses everything from namkeen to instant noodles, a Mint analysis showed..
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India's 'Goldilocks' economy to prompt Reseve Bank of India to keep rates on hold
03, Apr, 24India's central bank is likely to retain interest rates at 6.50%, emphasizing the balance between growth and stability. With strong economic growth and lower inflation, the bank aims to maintain policy until inflation aligns with the 4% target.
India must grow at 8% to be 'developed' by 2047, says World Bank's Kouame
03, Oct, 23India needs to achieve a growth rate of 8% to become a developed economy by 2047, according to the World Bank's India country director. The bank has kept its growth forecast for India at 6.3% for FY24, which is still one of the highest growth rates among major economies. Despite concerns about high inflation and interest rates, the Indian economy has shown resilience to global headwinds.
India has officially eliminated 'extreme poverty', says report
02, Mar, 24The report, authored by Surjit Bhalla and Karan Bhasin, states that this has been a result of the government's strong policy thrust on redistribution, which has led to strong inclusive growth in India over the last decade.
Wheels are turning back: After two-wheelers lose a decade in India, will this year be different?
29, Apr, 23It has been a lost decade for two-wheelers in India with a sales CAGR of a little over 1%. Can this year be a turning point? The recent signs of recovery cannot change the fact that the past decade has been a lost one for the two-wheeler segment. The sales inched up from 13.79 million units in FY13 to 15.86 million units in FY23 — a CAGR of 1.4%, the lowest among all vehicle segments.
India's FY25 GDP growth faces global headwinds: Axis Bank
11, Dec, 23Despite upbeat forecasts for FY24, looming risks could make FY25 more challenging
Inflation numbers show monetary policy's on the right track: RBI Governor Shaktikanta Das
12, May, 23The recent drop in India's Consumer Price Index (CPI) indicates that the monetary policy is on the right path, according to Reserve Bank of India Governor Shaktikanta Das. The CPI inflation rate reached an 18-month low of 4.7% in April, down from 5.7% in the previous month. The central bank has raised the repo rate by 250 basis points since May 2022 to meet the 4% CPI target.
World Bank raises India's inflation forecast to 5.9% for FY24 on higher oil prices, abnormal monsoon
03, Oct, 23The World Bank has kept India's growth forecast unchanged at 6.3% for FY24, citing investment as a significant driver. However, it has revised its inflation projection to 5.9% from 5.2%. It also notes that inflation is likely to spike more than expected due to abnormal rainfall and the concern over oil prices.
Corporates are investing through cash accruals, not loans: K.V. Kamath
14, Jan, 24Cash is not going out to repay bank loans, but to fund the business. And if you need something more, you then always have the capital market to look at, said veteran banker K. V. Kamath at the Mint BFSI Summit and Awards
India's growth momentum may continue in FY24: RBI
31, May, 23Inflation is already moderating and the external account is sound, the Reserve Bank of India (RBI) said, but the El Nino and its adverse impact on rainfall remain potential threats to macroeconomic stability and food prices. Furthermore, moderating global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility, evident in the implosion of many regional US banks, pose downside risks.
Global interest rates may have peaked, inflation target a prolonged journey: RBI
20, Feb, 24In India, CPI inflation was projected at 4.5% for the financial year 2024-25, a good 90 basis points lower than the estimated average for 2023-24. But, the large and repetitive food price shocks remained a concern, with geopolitical events and their impact on supply chains, and volatility in international financial markets and commodity prices posing upside risks.