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Mumbai: India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday. The country has emerged as the fastest-growing large economy at an 8.2 per cent growth rate in FY24, significantly exceeding the government’s…
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Pulses put on display for sale at wholesale grocery market in New Delhi. File photo | Photo Credit: The Hindu Inflation in India’s wholesale prices slid to a four-month low of 1.31% in August from 2.04% in July, aided by a slight moderation in the pace of price rise in food items and manufactured goods,…
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File picture of Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Reserve Bank Governor Shaktikanta Das on Thursday (September 5, 2024) said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. In the inaugural address at FIBAC 2024, the governor…
BSE: India to soon overtake China as the most influential in a key emerging markets index. Bengaluru: India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that, though already among the best globally, is…
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BSE: India to soon overtake China as the most influential in a key emerging markets index. Bengaluru: India is likely to soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that, though already among the best globally, is…
Read More “India To Soon Top China Among Emerging Global Markets: Morgan Stanley” »
Image used for representation purpose only. Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. However, optimism among services firms about next year’s prospects slumped to a 13-month low, while it…
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World Bank had in June projected India to grow at 6.6% for FY24. File | Photo Credit: Reuters The World Bank on Tuesday (September 3, 2024) raised the growth forecast for the Indian economy to 7% for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had…
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GDP: Growth in Asia’s third-largest economy had been well above 7 per cent during previous quarters. India’s gross domestic product slowed to a quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, shows government data. Growth in Asia’s…
Read More “GDP Grows By 6.7% In April-June vs 7.8% In Jan-March, Lowest In 5 Quarters” »
Apart from physical experiments IIT also ran computer simulations mimicking movements of animals (File) Mumbai: Researchers at the Indian Institute of Technology Bombay (IIT Bombay) have uncovered how animals find their way back home without getting lost or being late by using a robot that mimics their movements. This robot is designed to move on…
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Union Minister Piyush Goyal addresses a press conference, in New Delhi on July 30, 2024. | Photo Credit: PTI Commerce and Industry Minister Piyush Goyal on July 30 said there is no rethinking in the government to support foreign direct investments (FDI) from China as was pitched by the Economic Survey recently. He said it…
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