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This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. The vision to be ‘Viksit Bharat’ by 2047 can become reality only when we closely monitor progress towards our development targets and can prove at the end that we successfully met them. This rests on the institutional capacity to measure defined indicators and present them in an unbiased manner.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. Every incoming government faces massive expectations. This time is arguably greater given the ambitious agenda of becoming a developed economy by 2047.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. To be a catalyst for India’s ambition of becoming one of the top three global economies by 2050, the manufacturing sector must adopt a sustainable and inclusive model that decouples growth from emissions for a developing economy of this scale. This will lower our total cost of societal development.

A 24-year Japanese model and four of her young compatriots, who want to undergo sterilization surgeries, recently filed a lawsuit at a Tokyo court to challenge Japan’s Maternal Protection Act of 1996, which deprives them of the opportunity to do so and thus violates their constitutional right to equality and self-determination. The petitioners’ lawyer argued that the Act smacks of “excessive paternalism" in assuming that “a woman’s body is destined to become a mother," denying them the right to “live a life of their choice." This Japanese law, a revised version of its earlier Eugenics Protection Law of 1948, has stringent pre-conditions for a woman to undergo a sterilization surgery.

DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate governance, operational excellence and upholding the value of the company's founders. «Our focus is to expand both our businesses, residential and commercial. The residential business continued its growth momentum, we witnessed an uptick in new sales bookings, coupled with record sales collections. »The markets response to our products continues to be very encouraging. It is with this conviction that we are entering new geographies like Mumbai and Goa," he said.

The Indian consumer is showing signs of fatigue. The indications are evident in what consumer goods companies are reporting as well as from hard data in the national income accounts. Household consumer spending grew at half the pace of the overall economy in the financial year that ended in March.

Viksit Bharat. This approach will strengthen India’s global competitiveness by driving rapid decarbonization and digitization across the entire economy. This can help India leapfrog to the global production frontier and enable us to compete successfully with the world’s leading economies such as the US and China.

Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy

The head of upcoming climate negotiations is telling world leaders that a new financial aid package for poor and disaster-struck nations is the urgent and make-or-break goal of United Nations talks this fall

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

In a year of major elections setting the course of many countries for years to come, China’s ruling Communist Party is holding top-level meetings in Beijing to draft policies for reviving its slowing economy

Asian stocks are mostly lower even as investors wager that the Federal Reserve will come ahead with a cut to interest rates, while Australia's benchmark hit a new record

Britain’s new Labour Party government campaigned on a promise to bring bold change at modest cost

Oil prices were steady on Wednesday, with global benchmark Brent hovering near the one-month low it hit in the prior session, as signs of weakening demand growth in China clashed with the prospect of declining U.S. oil stockpiles. Brent crude oil futures was down by 4 cents to $83.69 a barrel by 0315 GMT. U.S. West Texas Intermediate crude futures also eased 4 cents to $80.72.

For years now, the Union budget has focused on making India a developed nation—viksit Bharat. However, it's time to add yet another angle to this exercise: a concerted effort to help build a class of viksit investors. To achieve this, the budget needs to adopt a carrot-and-stick approach.

Mint presents several articles that identify some of the areas where changes are needed. Each will involve a combination of policies and programmes, and the details can only evolve over time. This article focuses specifically on the Budget and what signals it could send.

June’s consumer price index inflation data should be a welcome sign for Canadians hoping for an interest rate cut next week, according to some of the country’s top economists.

A rather gloomy outlook from the Bank of Canada‘s business and consumer surveys yesterday had some economists questioning whether the central bank might have waited too long to pull the trigger oninterest rate cuts.

A fresh wave of tariffs could revive inflation and pressure central banks to keep their key interest rates high, the International Monetary Fund warned Tuesday. In its latest report on the outlook for the global economy, the Fund said borrowing costs could also be pushed higher by a series of elections that may lead to a surge in already high levels of government borrowing. The Fund left its forecast for world economic growth this year unchanged at 3.2%, and raised its forecast for next year to 3.3% from 3.2%.

Intense general election campaigning in the UK and France, coupled with cracks appearing in President Joe Biden's attempts to retain office, has seen faith in UK, US and European markets dwindle, with HL's Investor Confidence index falling by 6.5% in July. According to the index, faith in UK economic growth decreased by 3.7%, while confidence in the UK market fell by 6.4% in the run up to the general election. Data released by the Office for National Statistics last week revealed the UK economy grew faster than expected the month prior in May, expanding by 0.4% thanks to strong perfor...

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will broaden out the economic recovery to their benefit.