Tag: Indian economy

Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24

October 31, 2023 admin

Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…

Business

What’s in store for the economy in second half? | Explained

October 28, 2023 admin

Economists feel a prolonged conflict in West Asia could push crude oil prices beyond India’s comfort zone. | Photo Credit: Getty Images/iStockphoto The story so far: The Indian economy, measured in terms of the Gross Domestic Product (GDP) as well as Gross Value-Added (GVA), grew 7.8% between April and June (first quarter or Q1) this…

Business

India will remain fastest-growing major economy in FY’24: Finance Ministry report

October 23, 2023 admin

The Finance Ministry’s report said that core inflation was declining steadily while food inflation has eased. People shop on the eve of Dussehra (Dasara) festival, in Bengaluru, Karnataka. File | Photo Credit: Murali Kumar K India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals…

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India will remain fastest-growing major economy in FY’24: Finance Ministry report

October 23, 2023 admin

Nation

Rupee settles flat at 83.13 against U.S. dollar

October 20, 2023 admin

The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices. | Photo Credit: RAGHUNATHAN SR The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices….

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Rupee falls 5 paise to 83.18 against US dollar in early trade

October 20, 2023 admin

At the interbank foreign exchange, the domestic unit opened weak at 83.17 against the dollar and then touched the lowest level of 83.20 against the greenback. File The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices….

Business

“India A Global Bright Spot, Powerhouse Of Growth”: PM Modi

October 10, 2023 admin

India’s growth is projected to be higher than China’s. (File) New Delhi: With the IMF forecasting robust economic growth in India amid concerns about the global economy, Prime Minister Narendra Modi on Tuesday said the country is a global bright spot and powerhouse of growth and innovation. The International Monetary Fund (IMF) on Tuesday raised…

Nation

₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

October 6, 2023 admin

On May 19, 2023, the RBI announced its intent to withdraw the ₹2,000 notes introduced in 2016 for quick remonetisation. File | Photo Credit: The Hindu Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can…

Business

Cricket World Cup May Add Rs 22,000 Crore To Indian Economy: Report

October 5, 2023 admin

The tournament will also support government coffers, economists said. The Cricket World Cup may boost host country India’s economy by as much as Rs 22,000 crore ($2.6 billion), economists at Bank of Baroda estimate. The quadrennial tournament, which starts on Thursday and runs through mid-November, is expected to draw large numbers of visiting fans domestically…

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World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%

October 3, 2023 admin

The World Bank maintained its growth forecast for India at 6.3%. NEW DELHI: The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year that started on April 1, saying the Indian economy continued to grow rapidly despite challenging external conditions. The World Bank maintained its growth forecast for…

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