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Image used for representational purpose. | Photo Credit: Getty Images/ In an exceptionally slow start to private capex in this financial year, new investment plans in the country slumped to a 20-year low in the April to June quarter, with just ₹44,300 crore of fresh outlays announced by corporates. The first quarter of 2023-24 had…
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Image used for representational purpose. | Photo Credit: Reuters Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed the pace of job creation was at its strongest in over 18 years. Robust gains in both sectors…
Read More “India business activity grew faster in June, job creation at 18-year high, PMI shows” »
Governor Shaktikanta Das outlined RBI’s recent supervisory initiatives (File) Mumbai: RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in a “much stronger position,” characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders. Underscoring the imperative of fostering a future-ready ethos within…
The latest Fitch Ratings has cited a recovery in consumer spending and increased investment. File photo | Photo Credit: The Hindu Fitch Ratings on Tuesday, June 18, 2024, raised India’s growth forecast for current fiscal to 7.2 per cent, from 7 per cent projected in March, citing a recovery in consumer spending and increased investment….
Read More “Fitch raises India’s growth estimates for FY25 to 7.2%” »
In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP growth for 2024-25 as opposed to its earlier estimate of 7%, with retail inflation trending down to 4.5% from 5.4% averaged last year. | Photo Credit: Getty Images/iStockphoto The story so far: The National Statistical…
Read More “What is next for the Indian economy? | Explained” »
Indian Rupee notes are seen in this picture illustration taken in Mumbai. | Photo Credit: REUTERS The rupee opened on a flat note against the US dollar in early trade on Tuesday, June 11, 2024, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. Also…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee surged 38 paise to hit its three-month high level of 83.04 against the U.S. dollar in early trade on June 2 boosted by a robust sentiment in domestic equity markets on the back of strong macroeconomic data and exit poll results showing a…
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S&P Global is a global rating agency. File | Photo Credit: Reuters S&P Global Ratings on May 29 upgraded India’s sovereign rating outlook to positive from stable while retaining the rating at ‘BBB-‘ on robust growth and improved quality of government expenditure. S&P said it could upgrade India’s sovereign rating in the next two years…
Read More “S&P upgrades India’s rating outlook to positive on growth, improved govt spending” »
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…
Read More “Indian Economy Likely Grew At Weakest Pace In January-March: Report” »
The Indian economy clocked a record rise in exports and the sharpest upturn in employment in 18 years New Delhi: The Indian economy clocked a record rise in exports and the sharpest upturn in employment in nearly 18 years in May, according to HSBC Flash Purchasing Manager’s Index (PMI) data released on Thursday. The PMI…
Read More “India Sees Record Rise In Exports, Employment At 18-Year High In May: PMI Data” »
