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.
India's foreign exchange reserves surge by $ 2.538 billion to $ 597.935 billion
Dec 09, 2023, at 05:51 am
Mumbai: India's foreign exchange reserves swelled by USD 2.538 billion, reaching USD 597.935 billion for the week ending November 24, according to the Reserve Bank.
Dec 08, 2023, at 03:16 am
New Delhi/UNI: Painting a rosy picture of the economy and stating that the Indian economy remains the fastest-growing economy in the world, Finance Minister Nirmala Sitharaman on Thursday said that all sectors of the economy are performing well.
India's wholesale inflation remains in negative zone in October
Nov 14, 2023, at 09:39 pm
Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.
India set to become third-largest economy by 2030 with GDP of over $7 trillion: S&P Global
Oct 26, 2023, at 07:06 am
New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.
India likely to achieve fiscal deficit target despite high expenses: IMF
Oct 20, 2023, at 08:01 am
New Delhi: The International Monetary Fund (IMF) stated on Thursday that India has the capacity to incorporate additional spending on subsidies and rural employment initiatives without surpassing the current fiscal deficit target of 5.9% set for this financial year.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
Oct 13, 2023, at 04:07 am
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
India's industrial production zooms 10.3 pc in August
Oct 13, 2023, at 03:46 am
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
India must aim for 8% growth rate to surpass China: Barclays
Oct 11, 2023, at 05:45 am
New Delhi: For India to surpass China and emerge as the leading contributor to global growth, it would have to aim for an 8 percent growth rate, a Barclays report said.
Oct 04, 2023, at 07:13 am
New Delhi: World Bank senior economist Dhruv Sharma has said India must achieve an approximate growth rate of 8 percent to attain developed country status by 2047, and underscored that achieving such rapid growth is unlikely with the current low level of female workforce participation, media reported.
India to grow at avg rate of 6.5% between 2023-30
Sep 30, 2023, at 02:43 am
Kolkata: Chief Economic Advisor V Anantha Nageswaran stated on Friday that the Indian economy is set to achieve an average annual growth rate of 6.5 percent from 2023 to 2030.
JP Morgan's listing of Indian bonds to trigger huge influx of investments to India
Sep 23, 2023, at 02:47 am
New Delhi: Indian domestic bonds are set to be incorporated into the Government Bond Index-Emerging Markets (GBI-EM) index, as well as various other indices, including specific bonds within an investment-grade-only index.
JP Morgan's listing of Indian bonds to trigger huge influx of investments to India
Sep 23, 2023, at 02:47 am
New Delhi: Indian domestic bonds are set to be incorporated into the Government Bond Index-Emerging Markets (GBI-EM) index, as well as various other indices, including specific bonds within an investment-grade-only index.
India's factory output grows 5.7 pc in July, exceeds ICRA expectation
Sep 13, 2023, at 01:58 am
New Delhi: India’s factory or industrial output grew 5.7% year-on-year (YoY) in July 2023 riding on the mining and electricity sectors.
GST collection moves up 11 pct in August
Sep 01, 2023, at 11:06 pm
Goods and services tax (GST) collection rose 11% year-on-year (YoY) to Rs 1,59,069 crore in August 2023, according to data released by Finance Ministry on Friday.
Indian economy off to a good start in Sept qtr: CEA Nageswaran
Sep 01, 2023, at 07:55 am
New Delhi: India’s Q1FY24 GDP growth of 7.8% is a "good number" and the government can comfortably maintain a growth target of 6.5% for FY24, according to India's chief economic advisor V. Anantha Nageswaran.
India's April-July fiscal deficit widens to Rs 6.06 lakh cr
Sep 01, 2023, at 07:02 am
New Delhi: India’s fiscal deficit increased to Rs 6.06 lakh crore in April-July while it was Rs 4.51 lakh crore in April-June, the data issued by the Controller General of Accounts on Thursday showed.
India's eight core sectors' output grows 8 pc in July
Sep 01, 2023, at 06:22 am
New Delhi: Driven mainly by the coal, cement, and steel sectors, India's core output, comprising eight key infrastructure sectors, grew 8% year-on-year (YoY) in July 2023.
India's Q1FY24 GDP grows 7.8%, highest in last four qtrs
Sep 01, 2023, at 01:42 am
New Delhi: India’s GDP grew at the rate of 7.8% in the first quarter of the Financial Year 2023-24, according to the data released by the National Statistical Office (NSO) on Thursday.
ICRA projects India's Q1FY24 GDP growth at 8.5 pc, higher than RBI's estimate
Aug 22, 2023, at 11:19 pm
New Delhi: Rating agency ICRA has projected India's gross domestic product (GDP) growth in the April-June quarter (Q1) of FY24 at 8.5% driven primarily by front-loading of government capex, a continued catch-up in services demand and improved investment activity.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
Aug 17, 2023, at 05:58 am
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
Crisil projects Indian economy to grow at 6 pc in FY24
Aug 17, 2023, at 04:46 am
New Delhi: Noting that global slowdown and erratic monsoon could affect the direction of industrial growth in coming months, rating and research firm Crisil on Wednesday said that the Indian economy would grow at 6% in the current financial year.
India's June industrial output grows by 3.7%
Aug 12, 2023, at 09:37 pm
New Delhi: India's industrial output expanded by 3.7 percent in June, according to the Ministry of Statistics and Programme Implementation.
RBI’s policy hawkish to the rising inflationary risks: HDFC treasury research
Aug 10, 2023, at 11:51 pm
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
India's Gross Fixed Capital Formation grew to Rs 54.35 lakh crore since 2014-15
Aug 01, 2023, at 06:08 am
New Delhi: The Gross Fixed Capital Formation (GFCF) in the Indian economy has shown a significant increase, rising from Rs. 32.78 lakh crore (at constant 2011-12 prices) in 2014-15 to Rs 54.35 lakh crore in 2022-23 (based on Provisional Estimates).