Durga Rao & Co., Chartered Accountants is a medium sized firm catering to the requirements of various Commercial and Non Commercial Entities for more than 3 decades. Established in the
Business News
![Subscribe to Business News feed](http://www.durgaraoandco.in/misc/feed.png)
Economy News: Stay informed on the latest economy news with Business Standard. Get real-time insights on dynamic GDP growth, Government Policies and global market trends.
Updated: 2 hours 50 min ago
Employment generation is 'real bottom line' for private sector: Eco Survey
The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour
Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey
Remittances to India -- the second largest source of external financing after service exports -- are projected to grow at 3.7 per cent to USD 124 billion in 2024 and at 4 per cent to reach USD 129 billion in 2025, the Economic Survey said on Monday.
India's primary source of remittances is oil-exporting countries.
According to the World Bank, India has the largest emigrant population and is the top remittance recipient country. In 2023, remittances to India had hit USD 120 billion.
"The outlook for remittance in India for 2024 is strong, with the expectation that remittance growth will moderate to 3.7 per cent, taking... levels to USD 124 billion in 2024," the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman said.
The diversification of India's migrant pool -- between a large share of highly skilled workers employed mostly in high-income OECD markets, and the less-skilled migrants employed in the GCC markets -- is likely to lend stability to their ...
Indian GCCs employed more than 16 lakh people in FY23: Economic Survey
The software, internet, and banking, financial services, and insurance (BFSI) sectors collectively accounted for about 58 per cent of India's IT GCC talent, according to the document
Increased FDI inflows from China can help India push exports: Eco Survey
Increased foreign direct investment inflows from China can help increase India's global supply chain participation and push exports, says the Economic Survey.
The Survey said as India looks to deepen its involvement in global value chains (GVCs), it needs to look at the successes and strategies of East Asian economies.
These economies have typically pursued two main strategies - reducing trade costs and facilitating foreign investment.
It added that India faces two choices to benefit from 'China plus one' strategy and that is either to integrate into China's supply chain or promote FDI from China.
"Among these choices, focusing on FDI from China seems more promising for boosting India's exports to the US, similar to how East Asian economies did in the past," the Survey, tabled in Parliament by Nirmala Sitharaman on Monday, said.
Moreover, choosing FDI as a strategy to benefit from the China plus one approach appears more advantageous than relying on trade.
"This is because China
Economic Survey calls upon India Inc to step up hiring, compensation
"It is worth reiterating that job creation happens mainly in the private sector," the survey released on Monday said
Tax policies to play a critical role in tackling 'inequality': Eco Survey
Suggests to resolve transfer pricing matters to sustain foreign investor interest
Primary mkt was robust amidst favourable investment climate: Eco Survey
Debt issuances dominated fundraising in the last fiscal year, constituting 78.8 per cent of the total funds raised
117,254 DPIIT-recognised startups created 1.2 mn direct jobs: Eco Survey
The number of Indian technology startups has increased to 31,000 in 2023 from 2,000 in 2014, aided by the Start-up India Initiative and start-up hubs across ministries and departments
Better utilisation of land will bring fixed cost of production: Survey
MSMEs are the backbone of the Indian economy, contributing approximately 30 per cent of the country's gross domestic product (GDP)
Unique tax payers trading on NSE more than tripled since pandemic
Numbers are 40 per cent lower than the number of overall investor accounts
Apprenticeship to be re-calibrated to give flexibility in work hrs: Survey
Highlighting the challenges to the apprenticeship system in the country, the survey also notes the need to minimise the role of government agencies to address programme delays
Union Budget 2024: Here's what the Economic Survey says about key sectors
The Economic Survey revealed an overall positive report and outlook of key sectors, noting that the uncertain global climate may hamper economic growth going ahead
MGNREGA work demand 'not linked' to rural distress: Economic Survey
Data does not show that states with more poverty and higher unemployment rates use more of the scheme's funds, it says
India has decoupled economic growth from greenhouse gas emissions: Survey
India has successfully reduced the emission intensity of its GDP, the Survey said
Eco survey flags concerns over rising retail participation in heated market
Mcap-to-GDP ratio not necessarily a sign of economic advancement or sophistication, says survey
Stressed debt worth Rs 1.65 trillion on NARCL's radar: Economic Survey
Offers on assets worth Rs 1.25 trillion are at different stages of acquisition; evaluations for assets of around Rs 40,000 crore are currently in progress
Need to generate 8 mn jobs annually until 2030 in non-farm sector: Survey
Using simple modelling and some assumptions, the survey attempts a broad estimation of the requirement for job creation in the non-farm sector
India's green H2 push facing demand and supply side constraints: Eco Survey
Says diversification of energy sources needed but thermal power to play significant role
'Advent of AI' may slow down growth of India's services export: Eco Survey
Technology 'casts a huge pall of uncertainty' in impact on workers, it says
Banking's dominance in credit diminishing in country: Economic Survey FY24
Capital markets' rise in role a 'welcome development' but comes with its challenges, says survey