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Indian economy: India likely to surpass FY24 target for state-run firms' dividends by at least $1.4 bn

The Indian government is likely to surpass its fiscal year target for dividends from state-run companies by at least INR 120 billion ($1.4 billion), potentially reaching INR 550-600 billion. This excess is expected to partially offset a shortfall in revenue from equity sales in state-run enterprises, projected to be less than INR 300 billion, representing a over-40% shortfall.
Aditi Nayar Indian Economy Fiscal Year Target Governments Revenue

'Metros drive consumption in H1, rural and semi-urban areas closing in'

Metro cities had grown the fastest from Q2 of last fiscal to Q1 of FY24. The aviation sector saw the highest growth of 29.7%, along with the hospitality sector at 12.8% in Q2 of FY24, reflecting an increased demand for travel, said the report. These travels may have been triggered by events such as the World Cup.
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