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Ashok Kumar Lahiri Vice Chairman of NITI Aayog | Photo Credit: The Hindu There is no winner in the ongoing “battle” of views on the use of double deflation in India’s new GDP series, Ashok Kumar Lahiri, Vice Chairman of Niti Aayog, the government’s economic think tank, said on Tuesday, arguing that the methodology is…
Washington: Donald Trump on Tuesday pushed NATO members to boost their defense spending to five percent of GDP, underlining his long-standing claims that they are underpaying for US protection. “They can all afford it, but they should be at five percent not two percent,” the incoming US president told reporters. “Europe is in for a…
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Indian economy: what to expect in 2025? | Video Credit: The Hindu At the start of 2024, there was a lot of excitement about the Indian economy – the country was one of the fastest growing economies in the world and there was anticipation that India will become a $4 trillion economy in 2024-25 and…
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Washington: A year of conflict between Israel and Hamas has resulted in a “devastating impact on the economy” in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza’s GDP. “Preliminary official estimates indicate an 86 percent decline in GDP in the first half of 2024” in…
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Congress leader Jairam Ramesh. File | Photo Credit: ANI This year’s Union Budget will be judged by what it does to revive and rejuvenate India’s Micro, Small and Medium Enterprises (MSMEs), the Congress said on July 16. In a statement, Congress general secretary Jairam Ramesh said that through a “combination of deliberate policy and wilful…
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Arvind Virmani, NITI Ayog member. File | Photo Credit: Special arrangement “The Indian economy will grow around 7% in the current fiscal year and is on track to maintain a similar growth rate for several years,” NITI Aayog member Arvind Virmani said on July 12. Mr. Virmani said there are new challenges facing the country…
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India’s Finance Minister Nirmala Sitharaman holds up a folder with the Government of India’s logo as she leaves her office to present the federal budget in the parliament, before the nation’s general election, in New Delhi, India, February 1, 2024. | Photo Credit: REUTERS The government under Prime Minister Narendra Modi should focus on adherence…
As per the data, the economy expanded 8.2% in 2023-24 against a 7% growth in 2022-23. Representational file image. | Photo Credit: Reuters India’s economy grew 7.8% in the March quarter, pushing up the annual growth rate to 8.2%, according to official data released on May 31. Growth in the January-March period was lower than…
The Reserve Bank’s Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment. | Photo Credit: REUTERS Indian economy is likely to grow at 7% in the current fiscal year starting April, the Reserve Bank of India (RBI) said in its annual report released…
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Economists in the poll said that situation was unlikely to have been repeated in the last quarter. Bengaluru: India’s economy likely grew at its slowest pace in a year in the January-March quarter due to weak demand, according to a Reuters poll of economists who said the possibility of growth significantly surpassing their forecasts was…
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