Tag: Indian economy

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…

Business

Govt has ‘mismanaged’ economy across all sectors: Congress

September 24, 2023 admin

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…

Business

Pakistan Begging Before The World While India Reached Moon: Nawaz Sharif

September 19, 2023 admin

Nawaz Sharif has announced his return to Pakistan on October 21. (Reuters File Photo) Lahore: Pakistan’s self-exiled former prime minister Nawaz Sharif has said that his country is begging money from the world while India has reached the moon and hosted the G20 summit, blaming the country’s former generals and judges for its economic mess….

World

India’s $3.8 Trillion Market Moment As G-20 Leaders Meet At Delhi

September 9, 2023 admin

A record stock-market valuation and surging foreign inflows make for a great backdrop as Prime Minister Narendra Modi looks to tout India’s growing prominence to world leaders at this weekend’s Group of 20 summit in New Delhi. Boosted by one of the world’s fastest growing economies, solid corporate earnings and an unprecedented retail investing boom,…

Nation

India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s

August 18, 2023 admin

All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…

Business

GST revenues register three-month high in July

August 1, 2023 admin

Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…

Business

At 8.2%, core sectors’ growth hits 5-month high in June

July 31, 2023 admin

A view of a steel plant. India’s core sectors’ output surged at a five-month high pace of 8.2% in June, as per data from the Commerce and Industry Ministry, led by a 21.9% spike in steel output | Photo Credit: The Hindu India’s core sectors’ output surged 8.2% in June, the fastest pace in five…

Business

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

July 26, 2023 admin

IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the…

Business

India’s Budget to sustain demand for corporates: Fitch Ratings

February 5, 2023 admin

Finance Minister Nirmala Sitharaman holding the Budget Papers on February 01, 2023. | Photo Credit: The Hindu The higher spending, tax cuts and supportive policies announced in India’s Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates, said Fitch Ratings. “We believe the tax cuts will boost…

Business

Key takeaways from Union Budget 2023-24 in charts

February 2, 2023 admin

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. | Photo Credit: PTI The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the…

Business