Defining moment: India overtakes Japan to become world’s fourth largest economy; enjoys ‘Goldilocks’ phase with high growth, low inflation
India has been the world’s fastest growing major economy for several years now. (AI image) In a major feat, India has moved past Japan to become the world’s fourth-largest economy in nominal GDP terms, according to the government’s year-end economic review. The economy is set to overtake Germany to become the third largest after the…
GST cut drives MSME loan demand
CHENNAI/MUMBAI: The GST rate cut is driving MSMEs to seek additional funding from banks for expansion. After the GST rejig, banks have seen a spike in enquiries for advances from the MSMEs. It comes amid lenders having moved closer to their annual targets for the MSME segment in the first half of the current fiscal….
