Tag: Indian economy

India’s Financial System Is Now In Much Stronger Position: RBI Governor Shaktikanta Das

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India’s Financial System Is Now In Much Stronger Position: RBI Governor Shaktikanta Das

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…

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Nation

Fitch raises India’s growth estimates for FY25 to 7.2%

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Fitch raises India’s growth estimates for FY25 to 7.2%

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….

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Business

Rupee surges 38 paise to 83.04 against U.S. dollar in early trade

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Rupee surges 38 paise to 83.04 against U.S. dollar in early trade

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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Business

S&P upgrades India’s rating outlook to positive on growth, improved govt spending

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S&P upgrades India’s rating outlook to positive on growth, improved govt spending

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…

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Business

Indian Economy Likely Grew At Weakest Pace In January-March: Report

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Indian Economy Likely Grew At Weakest Pace In January-March: Report

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…

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India Sees Record Rise In Exports, Employment At 18-Year High In May: PMI Data

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India Sees Record Rise In Exports, Employment At 18-Year High In May: PMI Data

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…

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Indian manufacturing needs more sophistication: Finance Minister

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Indian manufacturing needs more sophistication: Finance Minister

Union Finance Minister Nirmala Sitharaman attends the Confederation of Indian Industry (CII) Annual Business Summit 2024, in New Delhi on May 17, 2024 | Photo Credit: ANI Indian manufacturing needs to develop greater sophistication in its products and the government will assess how to provide policy support in this endeavour, Finance Minister Nirmala Sitharaman said…

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Business

India’s 2024 economic growth projection revised upwards by U.N. to nearly 7%

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India’s 2024 economic growth projection revised upwards by U.N. to nearly 7%

The 6.9% economic growth projections for India in the mid-year update is an upward revision from the 6.2% GDP forecast made by the U.N. in January. | Photo Credit: B. Jothi Ramalingam The United Nations has revised upwards India’s growth projections for 2024, with the country’s economy now forecast to expand by close to 7%…

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