Economy / IBTimes
Among six leading Indian cities, Hyderabad stands out as the fastest-growing one driven by robust infrastructure development and surging real estate demand, a report showed on Tuesday.
Institutional investments in India's real estate sector witnessed an annual growth of 41 per cent in Q3 2024, reaching $0.96 billion.
Vice-President Kamala Harris and former President Donald Trump clashed bitterly on the issues of economy, abortion, immigration, foreign policy, healthcare, and a whole range of issues in their first presidential debate here.
India's economy, the world's sixth-largest, saw a GDP growth fall to a five-quarter low of 6.7% in the first quarter of FY25. Despite the slowdown, the manufacturing and construction sectors show growth, with potential for a rebound in the farm sector.
The IMF has approved a disbursement of $820 million to strengthen Egypt's economy. This aid is part of an $8 billion loan program agreed upon in March to help Egypt deal with regional tensions. Despite Egypt's economic progress, the IMF warns of the challenging regional environment it continues to face.
India's real estate market remains optimistic, with a Knight Frank-NAREDCO report showing a Current Sentiment Index Score of 65, indicating a measured outlook. Residential and office demands are driving growth, with 63% expecting rising residential prices and 51% anticipating increased sales. The office market also shows buoyancy in leasing, supply,andrent.
Amid the growing chatter over the removal of indexation benefit in the long-term capital gain (LTCG) calculation, Finance Minister Nirmala Sitharaman has stressed that the move is not a evenue-raising measure and will not lead to a higher tax burden on real estate transactions.