Manufacturing, which accounts for about 17% of GDP, is projected to expand at 5.3% year-on-year in 2024/25, compared with 9.9% a year ago, while construction output was seen growing by 8.6%, down ...

Private forecaster Centre for Monitoring Indian Economy (CMIE) pegs the unemployment rate in the same category at a much higher 8.05% in 2023-24 compared to 7.56% in the previous year.

India is incredibly important to the global economy. The country is set to double in size economically, from $3.6 trillion in 2023–24 to over $7 trillion by 2030–31, making it the third ...