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4 May – Minister of External Affairs S. Jaishankar rejects comments made by US President Joe Biden saying that India's economic growth was being held back by xenophobia. [59] 9 May – Air India Express cancels more than 85 flights due to staff calling in sick, linked to a protest against working conditions imposed by the new owner Tata Group ...
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 125th by GDP (PPP) . [ 63 ]
The 2024 Union Budget of India [1] (ISO: 2024 Ke liye Bhārat Kā Saṅghīya Bajaṭ) was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term .
The Modi government in its first year cleared 39 capital procurement proposals, of which 32 proposals worth ₹ 88,900 crore (US$10 billion) (or 96% of the value of total proposals) were categorized as Buy (Indian) and Buy and Make (India)—the top two prioritized domestic industry-centric procurement categories as per the defense procurement ...
Make in India has been unsuccessful at achieving its stated targets. Under this programme, the share of manufacturing in GDP was projected to reach 25% by 2022. However, the GDP share of manufacturing has actually fallen from 16.7% in 2013-2014 to 15.9% in 2023-2024. [5] [6] [7] [8]
Pages in category "2024 in India" The following 16 pages are in this category, out of 16 total. This list may not reflect recent changes. ...
The growth rate of the services sector was 7.1% in 2018–19, compared to 6.0% for the state's economy as a whole. [ 1 ] The state's bustling tourism , music , [ 92 ] [ 93 ] culinary , and film [ 94 ] [ 95 ] industries contribute to the state's economy, and are amongst the largest in India despite the state's small size and population.
As of 2023, India is the seventh largest exporter of commercial services in the world, [12] accounting for 4.6% of global trade in services. India's service exports grew by 27%. [13] In September, India's prominent services industry experienced an acceleration in growth, buoyed by robust demand in the sector.