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The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings…
Irrespective of macro-economic indicators used to prove the point that the economy is doing well, voters are worried about the empirically lived economy that they experience. Image for representation | Photo Credit: Getty Images/iStockphoto As the campaign hots up and voters in some parts gear up for voting, all the masala required for the Opposition to…
Read More “CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign” »
S&P said it forecast rate cuts of up to 75 basis points in India this fiscal. Photo: www.freepik.com S&P Global Ratings on March 26 raised India’s growth forecast for the next financial year to 6.8%, but flagged restrictive interest rates as a dampener for economic growth. The Indian economy is estimated to have clocked a…
Read More “S&P ups India growth forecast to 6.8% for FY’25” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
Read More “Inflation to dog world economy next year, postponing rate cuts” »
In September 2023, 25% of the respondents said their income levels had improved compared to a year ago — the highest for any September after 2018. A relatively high share of urban consumers entered the 2023 festival season with more confidence than seven years ago. The conclusion is based on the September 2023 edition of…
Read More “Festive cheer: Urban consumer confidence at seven-year peak | Data” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…
A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…
Read More “Export bans and stocking limits: are they working? | Data” »
File picture of International Monetary Fund Managing Director Kristalina Georgieva | Photo Credit: Reuters International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet with top leaders, before travelling to Indonesia and India for ASEAN and Group of 20 summits, an IMF spokesperson said on Tuesday. “During August 30 to September…
Read More “IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia” »
Air India has been a CFM customer since 2002 when it began operating A320 neo aircraft powered by CFM56-5B engines. | Photo Credit: The Hindu Air India and CFM International have finalised the order for LEAP engines for the carrier’s new fleet of 400 narrow-body planes. The engines will power 210 Airbus A320/A321 neo and…
Read More “Air India, CFM finalise order for engines for 400 planes” »
Prime Minister Narendra Modi and USA President Joe Biden during the meeting with top CEOs at White House, in Washington, Friday, June 23, 2023. | Photo Credit: PTI India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to…