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In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP growth for 2024-25 as opposed to its earlier estimate of 7%, with retail inflation trending down to 4.5% from 5.4% averaged last year. | Photo Credit: Getty Images/iStockphoto The story so far: The National Statistical…
Read More “What is next for the Indian economy? | Explained” »
Indian Rupee notes are seen in this picture illustration taken in Mumbai. | Photo Credit: REUTERS The rupee opened on a flat note against the US dollar in early trade on Tuesday, June 11, 2024, weighed down by a muted trend in domestic equities and the strength of the American currency in overseas markets. Also…
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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…
Read More “Rupee surges 38 paise to 83.04 against U.S. dollar in early trade” »
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…
Read More “S&P upgrades India’s rating outlook to positive on growth, improved govt spending” »
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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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…
Read More “India Sees Record Rise In Exports, Employment At 18-Year High In May: PMI Data” »
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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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%…
Read More “India’s 2024 economic growth projection revised upwards by U.N. to nearly 7%” »
Representational image of an onion farmer with his produce in Beed, Maharashtra. There has been frequent imposition and lifting of bans on the export of onions | Photo Credit: B. Jothi Ramalingam India’s merchandise exports rose 1.07% to hit almost $35 billion in April while imports jumped 10.25% to $54.1 billion, as per Commerce Ministry…
Read More “Indian exports up 1.07% in April; trade deficit expands by 32.3%” »
Bolstered by current and anticipated upticks in demand, manufacturers reported higher confidence levels with expectations of higher output a year ahead. File (Representational image) | Photo Credit: Reuters India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India…