economic growth India

Mercedes to expand in India’s smaller cities as younger generations splurge

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Mercedes to expand in India’s smaller cities as younger generations splurge

Germany’s Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025 – mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods. Rapid economic growth in India has wrought a fundamental shift in attitude towards luxury purchases among its younger … Read more

RBI’s FY24 Dividend Payout Will Ease Fiscal Deficit By 0.4%, Cut Govt’s Borrowing Needs: Economists

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RBI’s FY24 Dividend Payout Will Ease Fiscal Deficit By 0.4%, Cut Govt’s Borrowing Needs: Economists

The RBI’s dividend amount of Rs 2.11 lakh crore is more than double what was paid in the previous year. The RBI’s surplus transfer will help boost the Centre’s resource envelope in FY2025, allowing for enhanced expenditures and a sharper fiscal consolidation, say economists The Reserve Bank of India’s (RBI) decision to transfer a record … Read more