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Tag: economy news India

Slowing of GDP growth due to lower govt spending, MCC: RBI Governor

Posted on August 31, 2024 By admin
Slowing of GDP growth due to lower govt spending, MCC: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das speaks at the Global Fintech Fest (GFF) 2024, in Mumbai on Friday. | Photo Credit: ANI The slowing of India’s economic growth to a 15-month low of 6.7% in the April-June quarter was due to “lower” government spending in the wake of the enforcement of the model…

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Business

Food costs hit an 11-month peak in July

Posted on August 6, 2024 By admin
Food costs hit an 11-month peak in July

The average cost of a vegetarian meal increased 11% from June to July to touch ₹32.6, as per Crisil’s estimates, while a non-vegetarian plate cost increased 6% to ₹61.4, the highest level since September 2023. | Photo Credit: Periasamy. M Food-plate costs shot up to an 11-month high for non-vegetarians as well as vegetarians in…

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Business

Wholesale inflation hit a 15-month high in May

Posted on June 14, 2024 By admin
Wholesale inflation hit a 15-month high in May

Food prices rose 1.14% over April levels. Image used for representative purpose only.  | Photo Credit: K. Murali Kumar Inflation in India’s wholesale prices accelerated to a 15-month high of 2.61% in May, more than double April’s pace, with food inflation surging to a 10-month peak of 7.4% driven by steeper prices for vegetables, fruits,…

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Business

Wrong to assess economic activity on GDP alone: Finance Ministry

Posted on September 15, 2023 By admin
Wrong to assess economic activity on GDP alone: Finance Ministry

September 15, 2023 10:35 pm | Updated September 16, 2023 08:31 am IST – NEW DELHI “Indian GDP data are not seasonally adjusted, and they are also revised multiple times before they are finalised three years after the close of the relevant financial year,” the Finance Ministry said. File | Photo Credit: PTI The Finance…

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Business

Indian economy shining as beacon of hope in challenging times, says PM Modi

Posted on August 19, 2023 By admin
Indian economy shining as beacon of hope in challenging times, says PM Modi

Prime Minister Narendra Modi digitally addresses an event in New Delhi on August 19, 2023. | Photo Credit: PTI Prime Minister Narendra Modi asserted on August 19 that India’s economy is shining as a beacon of hope in these challenging times. “With robust growth and resilient spirit, the future looks promising. Let us keep this…

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Business

Data | Measuring India’s relative progress in the past 76 years

Posted on August 17, 2023 By admin
Data | Measuring India’s relative progress in the past 76 years

India observed its 77th Independence Day this year. This analysis measures India’s relative performance in the past 76 years compared to other countries across four parameters — GDP per capita, Human Development Index (HDI), Infant Mortality Rate (IMR) and women’s participation in Parliament. Owing to technological advancement and infrastructural development, India and other countries have…

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