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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…
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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….
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New business from abroad placed with services firms in India rose for the thirteenth successive month. Filephoto | Photo Credit: The Hindu The services sector growth in India moderated in February amid softer expansions in business activity, sales and jobs, a monthly survey said on Tuesday, March 5, 2024. The seasonally adjusted HSBC India Services…
Global rating agency Moody’s on March 4 raised India’s growth forecast for 2024 calendar year to 6.8%, from 6.1% estimated earlier, on the back of ‘stronger-than-expected’ economic data of 2023 and fading global economic headwinds. India’s real GDP expanded 8.4% year-over-year in the fourth quarter of calendar year 2023, resulting in a 7.7% growth for…
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Jefferies said it will be “impossible” for large global investors to ignore the country New Delhi: India’s GDP is likely to touch $5 trillion over the next four years and will overtake Japan and Germany to become the third largest economy by 2027, Jefferies said on Wednesday. In a note, the investment banking company said…
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Chief Economic Advisor V. Anantha Nageswaran attended the MMA Annual Convention in Chennai on February 10, 2024. with Balachander’s report | Photo Credit: Bijoy Ghosh India’s Chief Economic Adviser V. Anantha Nageswaran said a healthy population is the fundamental requirement in the push towards the country becoming a developed country by 2047. “It used to…
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Watch | P. Chidambaram: ‘When we come to power GST will be reformed; States will be empowered’ Former Union Finance Minister P. Chidambaram says no structural reforms have been carried out in the country since 2014. He says there is no credibility to the government’s numbers and the claim of a V-shaped economic recovery after…
Finance Minister Nirmala Sitharaman tables white paper in the Lok Sabha on February 8, 2024. Photo: Sansad TV via ANI As promised in her Interim Budget, Finance Minister Nirmala Sitharaman laid a White Paper on the economy in the Lok Sabha on Thursday, outlining that the UPA’s 10 years in office created “an inheritance of…
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The aim will be to ‘prevent volatility or volatile inflows’ but ‘never’ to restrict outflows, says Somanathan. | Photo Credit: AFP India will monitor flows of foreign funds after its inclusion into JPMorgan’s emerging market debt index and take steps to avoid ‘hot money’ that can trigger volatility in currency and bond markets, a senior…
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Unfortunately, ‘wise’ , ‘efficient’ and ‘government expenditure’ don’t usually feature in the same sentence. | Getty Images | Photo Credit: Getty Images “The Indian economy is expected to grow at an average rate of 6.7% per annum until the end of the decade,” CRISIL said in its latest report. The economy will grow at this…
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