Thursday, October 08
New Delhi: Nearly 270 million people moved out of extreme poverty in India between 2022- 23 and 2011-12, when their number shrank to 5.3% of the population from 27.1%, according to latest data released by the World Bank. India’s achievement comes even as the multilateral lender raised the global threshold to measure extreme poverty to $3 per person per day from $2.15 and incorporated the 2021 purchasing power parity (PPP) for the calculation. “While the change (in threshold) led to a global increase in the count of extreme poverty by 125 million, India emerged as a statistical outlier in a positive direction,” the government said in a statement Saturday. In absolute numbers, the population living in extreme poverty in India fell to 75.2 million in 2022-23 from 344.5 million 11 years
Indian equities are likely to consolidate in a narrow 5% range over the next few months as the market undergoes a phase of time correction, says Trideep Bhattacharya, CIO – Equities at Edelweiss Mutual Fund.While macro uncertainties have eased and policy momentum has picked up, the missing link remains corporate earnings, which he expects to revive meaningfully only in the second half of FY26. Until then, Bhattacharya believes the market will hold steady, supported by improved consumption drivers and investor sentiment, but without major upside.Edited excerpts from a chat:How do you see the markets going ahead following the Q4 earnings season?The markets are now close to September 2024 levels. Our earnings growth is likely to be back by the second half of FY26. And then there will be the
Ahead of his historic journey to the International Space Station (ISS), Indian astronaut Shubhanshu Shukla has termed the preparations for the Axiom-4 mission as an "amazing journey" and that he was extremely fortunate to be part of something that is "much larger than yourself". The 39-year-old Indian Air Force pilot is all set to travel with three other crew members to the ISS onboard SpaceX's Dragon spacecraft, mounted on a Falcon 9 rocket, that will lift off from the Kennedy Space Centre in Florida on Tuesday at 5:52 pm IST. Shukla, who goes by the nickname "Shux", will be the second Indian to travel to space, 41 years after his idol Rakesh Sharma undertook a spaceflight in 1984 onboard erstwhile Soviet Union's Soyuz spacecraft for an eight-day stay in orbit. "It has been an amazing jou
