In 2022-23, 6.7% of Indian households owned one or more cars, with over two-thirds owned by families earning mostly from the services sector. It’s why Indian youth are rushing for service jobs, but this may lead to a labour market glut and worsen pay scales just as AI emerges as a job rival.
4 min read15 Aug 2024The Union ministry of heavy industries is set to work on a long-term playbook to develop India as a global automobile manufacturing hub
4 min read20 Mar 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared