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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…
Read More “What’s in store for the economy in second half? | Explained” »
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…
Read More “India will remain fastest-growing major economy in FY’24: Finance Ministry report” »
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…
Read More “India will remain fastest-growing major economy in FY’24: Finance Ministry report” »
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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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….
Read More “Rupee falls 5 paise to 83.18 against US dollar in early trade” »
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…
Read More ““India A Global Bright Spot, Powerhouse Of Growth”: PM Modi” »
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…
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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…
Read More “Cricket World Cup May Add Rs 22,000 Crore To Indian Economy: Report” »
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…
Read More “World Bank Maintains India Current Fiscal Year Growth Forecast At 6.3%” »
The Congress on Sunday alleged that the government has mismanaged the economy across all sectors and since it is “too inept” in fixing issues such as unemployment and price rise, it is distorting the data instead. Congress general secretary Jairam Ramesh said now that the special session of Parliament is over, it is clear that…
Read More “Govt has ‘mismanaged’ economy across all sectors: Congress” »
