Breaking Down the Latest Hindustan Times Business News: Key Insights and Analysis
The world of business is constantly evolving, with new developments and trends emerging every day. It can be challenging to keep up with all the changes, especially when it comes to the latest news in the industry. That’s why it’s critical to stay informed about the most recent developments and analyze them to understand their impact. In this blog post, we’ll break down some of the latest news from the Hindustan Times’s business section, providing key insights and analysis.
1. India’s GDP Growth Forecast Slashed to 6.5% in 2021-2022
The Reserve Bank of India (RBI) has reportedly reduced India’s Gross Domestic Product (GDP) growth forecast for the financial year 2021-22 to 6.5%, from the earlier projection of 10.5%. This reduction can be attributed to the surge in COVID-19 cases in the country and the resultant restrictions. It is predicted that the rural sector will continue to fare better than the urban areas, as they were less impacted by the pandemic.
2. India’s exports grow by 58% in March 2021
As per official data, India’s exports grew by 58% in March 2021, touching USD 34 billion. Imports also increased by 53% to USD 48.1 billion, resulting in a trade deficit of USD 14 billion. The chief commodities that contributed to the rise in exports were engineering goods, readymade garments, gems and jewelry, and pharmaceuticals.
3. Electric Vehicle Makers Want Reduction in GST Rates
Electric vehicle (EV) manufacturers in India have urged the government to reduce the Goods and Services Tax (GST) on EVs from its current 5% to 12%, stating that the high GST rate is hindering the adoption of EVs in the country. The demand for EVs has been increasing globally, and India is no exception. The industry expects further growth, and a reduction in GST rates could accelerate this growth further.
4. Indian Companies Raised a Record Rs. 1.8 Lakh Crore via IPOs in FY 2020-21
Indian companies raised a record Rs. 1.8 lakh crore via Initial Public Offerings (IPOs) in the financial year 2020-21, marking a five-fold increase from the previous year. This highlights the confidence of investors in the Indian market, even amid the pandemic. The major sectors that contributed to this record-breaking performance were technology, healthcare, and consumer goods.
Conclusion
Keeping tabs on the latest news in the world of business is crucial for making informed decisions. The Hindustan Times regularly publishes valuable insights into the industry, and it’s essential to analyze and understand them. From the latest GDP forecast to the boost in exports, the Hindustan Times has provided invaluable information that can help businesses make better decisions. Companies should also take note of the industry trends, such as the increase in IPOs and the demand for EVs, to stay ahead in the game. By staying informed, businesses can make better decisions and ensure their continued success.
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