Between January to September of 2019, nearly 2.02 lakh units have been sold across the top seven cities; approximately 1.78 lakh units were sold a year ago.
Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said.
Weaker global growth, expected to fall to 3 per cent this year and the slowest since the global financial crisis, will affect 90 per cent of the world.
This will have an enormous effect. An individual-level change leads to a miraculous transformation,” he said.
The Finance Minister said that India has provided impetus to growth by rationalising and reducing corporate tax rates that will stimulate private sector investment in infrastructure and industry.
Lulu Group, which runs more than 180 hypermarkets and shopping malls across the Middle East, has shipped 10 containers (200 tons) of three variant apples on Saturday.
Finance minister Nirmala Sitharaman says public investment in infra will be front-loaded to boost consumption
The IMF on October 15 trimmed India's growth forecast by 90 basic points to 6.1 per cent.
Puri's remarks come weeks after Finance Minister Nirmala Sitharaman said the slowdown in the automobile sector was due to many factors like the change in the mindset of millennials.
Last month, Singh had stressed the need for adopting a 'well-conceived national strategy to make India a five trillion dollar economy'.
According to the Petroleum Planning and Analysis Cell, consumption of petroleum products dropped to 16.01 million tonnes in September — the lowest level since July 2017.
Several affected employees have approached the State Labour Department seeking directions to their companies to protect their jobs and their salaries.
The remarks by Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department, came a day after the IMF painted a grim picture of the global economy.
The Modi government has underlined its priorities in the first 50 days of its second term, setting sights on making India a USD 5 trillion economy and hitting the ground running on spurring growth.
Don’t waste time worrying about monetary policy, economy in tailspin: Nobel laureate Abhijit Banerjee
Put money in people’s pockets to address drop in demand, suggests the Nobel laureate