Tag: Indian economy

India not reaping benefits of demographic dividend: Raghuram Rajan

April 17, 2024 admin

Former RBI governor Raghuram Rajan said regardless of whether one picks services, manufacturing, agricultural construction, India has a problem. File | Photo Credit: PTI India is not reaping the benefits of demographic dividends, former RBI governor Raghuram Rajan said on April 16, emphasising that there is a need to focus on improving the human capital…

Business

India’s GDP to grow 6.1% in 2024: Moody’s Analytics

April 12, 2024 admin

Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. It said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply…

Business

Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

April 10, 2024 admin

Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…

Business

IMF: 8% growth projection for India not ours

April 5, 2024 admin

International Monetary Fund (IMF) logo. Representational image | Photo Credit: Reuters The recent remarks of Krishnamurthy Subramanian, Executive Director at the International Monetary Fund, about India’s growth figures does not represent the views of the IMF and were in his role as India’s representative at the global body, the IMF has said. “The views conveyed……

Business

India’s services sector growth hits 13-and-a-half-year high in March on robust demand conditions: PMI

April 4, 2024 admin

India’s dominant services industry grew faster in March 2024 amid strong demand, according to a private business survey that also showed employment increased at the fastest rate in seven months and export business expanded at a record pace. | Photo Credit: The Hindu India’s services sector witnessed one of the strongest growth rates in over…

Business

World Bank projects Indian economy to grow at 7.5% in 2024

April 3, 2024 admin

In India, the World Bank said, economic activity surprised on the upside in 2023Q4, with growth of 8.4% from a year ago. File. | Photo Credit: AP The Indian economy is projected to grow at 7.5% in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2%. Overall, growth…

Business

India’s GDP Set To Grow 8% Or More In Fourth Quarter: Nirmala Sitharaman

March 30, 2024 admin

India’s GDP data for the Jan-March quarter is due to be released on May 31. (File) India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday. The economy is expected to show the same rate of year-on-year expansion…

Nation

Priyanka Gandhi slams govt over ‘rising debt’

March 30, 2024 admin

A file photo of Congress leader Priyanka Gandhi Vadra | Photo Credit: PTI Congress leader Priyanka Gandhi Vadra slammed the BJP-led Centre over its proposal to borrow more than ₹14 lakh crore, asking why the government is “drowning the people in debt” the “burden of unemployment, inflation and economic crisis” is increasing. In her budget…

Business

At USD 642.29 Billion, India’s Foreign Exchange Reserves Hit All-Time High

March 23, 2024 admin

Forex exchange reserves are assets that are held by a nation’s central bank or monetary authority. New Delhi: India’s foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week ending on March 15, as per the latest data released by the Reserve Bank of…

Nation

Inequality Rising Since 2000s, Top 1% In India Holds 40% Wealth: Study

March 20, 2024 admin

The paper said the quality of economic data in India is notably poor (Representational) New Delhi: Inequality in India has skyrocketed since the early 2000s, with the income and wealth share of the top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper….

Nation