India's core sector output rises to three-month high of 6.7 pc in Feb
Mar 29, 2024, at 03:14 am
New Delhi: Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by the Ministry of Commerce and Industry on Thursday.
Morgan Stanley raises India's FY25 GDP growth to 6.8%
Mar 28, 2024, at 03:03 am
Mumbai: Global brokerage firm Morgan Stanley on Wednesday increased its GDP growth forecast for India in FY25 to 6.8 percent, up from the previous estimate of 6.5 percent.
India’s tax revenue grows beyond expectations, shows recent data
Mar 24, 2024, at 05:09 pm
India’s direct taxes have experienced a significant and sustained increase in growth over the time. The Gross Direct tax collection for the year 2023-24 (as on March 17, 2024) registered an increase of 18.7% over the corresponding period last year (2022-23).
Indian stocks to attract increased foreign investment after 2024 LS polls: Report
Mar 21, 2024, at 04:53 am
Mumbai: Indian stocks will attract more foreign fund inflow after the general elections, encouraged by the country's positive economic growth outlook and United States central bank Federal Reserve's interest rate cuts, a media report said citing JPMorgan Chase & Co.
India's FY24 GDP growth rate could near 8%: RBI Governor Shaktikanta Das
Mar 07, 2024, at 02:59 am
New Delhi: The Indian economy's GDP growth for the current fiscal year ending in March might be close to 8%, Reserve Bank of India (RBI) governor Shaktikanta Das said in an interview with ET Now on Wednesday.
India maintains its status as the world’s fastest-growing economy with 8.4 pct growth
Mar 04, 2024, at 01:00 am
In a testament to its resilience and growth trajectory, India has once again emerged as the world’s fastest-growing major economy, showcasing an impressive 8.4% expansion in the final quarter of 2023 compared to the previous year.
India grows by 8.4% in Oct-Dec quarter defying expectations
Mar 01, 2024, at 01:15 am
New Delhi: India's economy surged by 8.4% in the quarter ending in December, surpassing expectations, driven by strong expansion in manufacturing and construction sectors.
Q3FY24 GDP to drop to 6.7-6.9% due to poor agri performance
Feb 29, 2024, at 04:36 am
Mumbai: The Indian economy is expected to grow by 6.7-6.9 percent in the December quarter of FY24, down from the 7.6 percent growth recorded in the second quarter, according to a report by SBI Research released on Wednesday.
Outlook for the Indian economy appears bright, says Finance Ministry report
Feb 21, 2024, at 06:00 am
New Delhi: Prospects of healthy Rabi harvest, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in the financial year 2024-25, said a Finance Ministry report released on Tuesday.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Feb 21, 2024, at 05:50 am
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
RBI likely to keep policy repo rate unchanged in the next MPC meet: Quantum AMC
Feb 08, 2024, at 04:56 am
Mumbai: The Reserve Bank of India (RBI) is likely to keep the policy repo rate unchanged in the upcoming monetary policy review meet, according to Quantum Asset Management.
Govt expected to receive $2 billion in dividends from PSBs in next fiscal year
Feb 07, 2024, at 03:43 am
New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.
FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts
Feb 01, 2024, at 11:39 pm
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.
Inclusion of Indian bonds in JP Morgan and Bloomberg indices proof of strong Indian economy: Expert
Feb 01, 2024, at 04:35 pm
Mumbai: The long-awaited inclusion of India in global indices such as the JP Morgan GBI-EM Index and Bloomberg (subject to approval by index participants) in the Bloomberg EM Local Currency Debt Index is a testament to the strength of the Indian economy, making it attractive to global fixed-income investors, according to Vishal Goenka, Co-founder, IndiaBonds.com.
India’s fiscal deficit during Apr-Dec narrows to Rs 9.82 lakh cr
Feb 01, 2024, at 07:29 am
New Delhi: India’s fiscal deficit for the first nine months of the Financial Year 2024 stood at Rs 9.82 lakh crore, which ist 55% of the annual fiscal deficit estimate, according to government data.
Why Economic Survey was not released on January 31 this year
Feb 01, 2024, at 04:45 am
New Delhi: Finance Minister Nirmala Sitharaman is set to present the interim Union Budget for 2024 on Thursday, February 1. Traditionally, a key component of Parliament's Budget session is the presentation of the Economic Survey on January 31.
Ahead of Budget, IMF raises India's GDP growth forecast to 6.5%
Jan 31, 2024, at 04:16 am
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
World Economic Forum President Borge Brende expects India will mark 8 percent growth this year
Jan 16, 2024, at 11:33 pm
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
India retail inflation touches four-month-high of 5.69 percent
Jan 12, 2024, at 11:14 pm
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
Govt projects FY24 GDP growth at 7.3%
Jan 06, 2024, at 07:42 am
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
India emerges as fastest growing large economy globally in CY2023-CY 2024: Report
Jan 04, 2024, at 08:05 am
Mumbai: The Indian Equity Market has emerged as one of the best-performing markets in the last two years, according to a report by Pantomath Financial Services Group.
Fitch Ratings India hopes India to remain among fastest growing economy in 2024-25
Dec 26, 2023, at 11:02 pm
Fitch Ratings hopes that India will mark a GDP growth of 6.5 per cent in 2024-25, a move which will ensure India to remain among the world's fastest-growing countries.
On IMF's warning on debt, Centre says India's borrowings still below 2002 level
Dec 23, 2023, at 07:04 am
New Delhi: In response to the International Monetary Fund's (IMF) warning about alleged government debt vulnerabilities in India, the Central government stated on Friday that certain assumptions have been made which do not accurately represent the actual situation.
RBI's MPC Committee airs concern about trends in food inflation
Dec 23, 2023, at 04:29 am
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
India’s inflation expected to ease to 4.6% in the first three qtrs of next fiscal: RBI Bulletin
Dec 21, 2023, at 05:06 am
Mumbai: India’s inflation is anticipated to ease to 4.6% during the first three quarters of the fiscal year 2024-25 (FY25), according to the Reserve Bank of India's December 2023 bulletin released on Wednesday.
India's traded bond outstanding grows to Rs 205 lakh cr in Sept qtr: Report
Dec 21, 2023, at 04:39 am
New Delhi: The government’s overall outstanding bonds traded in the country increased to USD 2.47 trillion (Rs 205 lakh crore) in the September quarter compared to USD 2.34 trillion (Rs 200 lakh crore) in the previous fiscal's March quarter, according to a report.
RBI's statistical model predicts India's FY25 GDP growth at 6%
Dec 21, 2023, at 04:35 am
Mumbai: The Reserve Bank of India's statistical model predicts India's GDP growth for the next year (FY25) at 6.0%, which is 50 basis points lower than the central bank's official forecast of 6.5%.
India's November merchandise deficit narrows by 2.84% YoY to $20.58 billion
Dec 16, 2023, at 03:09 am
New Delhi: After reaching a record high in October, India's merchandise trade deficit contracted to $20.58 billion in November 2023, primarily due to a substantial decline in gold imports, as reported by the commerce ministry on December 15.
India's retail inflation spikes to 5.55 pc in November: Govt data
Dec 13, 2023, at 12:09 am
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
RBI increases GDP growth forecast for FY24 to 7% amid geopolitical turmoil
Dec 09, 2023, at 07:12 am
Mumbai: The GDP growth projection for 2023-24 has been increased to 7%, from the previous estimate of 6.5%, Reserve Bank of India (RBI) Governor Shaktikanta Das said During the Monetary Policy Committee meeting announcements on Friday.