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Photo used for representation purpose only. India is expected to become the third-largest economy in the world with a GDP of $5 trillion in the next three years and touch $7 trillion by 2030 on the back of continued reforms, the Finance Ministry said on January 29. Ten years ago, India was the 10th largest…
Image for respresentational purposes only | Photo Credit: B. Velankanni Raj Manufacturing sector growth in October eased to the slowest pace since February with the uptick in new orders hitting a one-year low, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that slipped to 55.5 from 57.6 in September. Growth subsided…
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Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…
Read More “Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24” »
Economists feel a prolonged conflict in West Asia could push crude oil prices beyond India’s comfort zone. | Photo Credit: Getty Images/iStockphoto The story so far: The Indian economy, measured in terms of the Gross Domestic Product (GDP) as well as Gross Value-Added (GVA), grew 7.8% between April and June (first quarter or Q1) this…
Read More “What’s in store for the economy in second half? | Explained” »
The Finance Ministry’s report said that core inflation was declining steadily while food inflation has eased. People shop on the eve of Dussehra (Dasara) festival, in Bengaluru, Karnataka. File | Photo Credit: Murali Kumar K India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals…
Read More “India will remain fastest-growing major economy in FY’24: Finance Ministry report” »
The Finance Ministry’s report said that core inflation was declining steadily while food inflation has eased. People shop on the eve of Dussehra (Dasara) festival, in Bengaluru, Karnataka. File | Photo Credit: Murali Kumar K India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals…
Read More “India will remain fastest-growing major economy in FY’24: Finance Ministry report” »
The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices. | Photo Credit: RAGHUNATHAN SR The rupee settled on a flat note at 83.13 (provisional) against the U.S. dollar on Friday amid negative equity markets and rising crude oil prices….
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At the interbank foreign exchange, the domestic unit opened weak at 83.17 against the dollar and then touched the lowest level of 83.20 against the greenback. File The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices….
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India’s growth is projected to be higher than China’s. (File) New Delhi: With the IMF forecasting robust economic growth in India amid concerns about the global economy, Prime Minister Narendra Modi on Tuesday said the country is a global bright spot and powerhouse of growth and innovation. The International Monetary Fund (IMF) on Tuesday raised…
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