Dec 17, 2024, at 11:13 pm
New Delhi: Finance Minister Nirmala Sitharaman told the Lok Sabha on Tuesday that the government views the GDP growth slowdown in Q2FY25 as "a temporary blip" and expects improvement in the upcoming quarters.
Nov 16, 2024, at 07:20 am
Mumbai: India's goal of becoming a $7-trillion economy by 2030 is achievable under the "strong" leadership of Prime Minister Narendra Modi, according to Chairman and CEO of JP Morgan Jamie Dimon.
India must do more to boost manufacturing and job creation: Raghuram Rajan
Sep 28, 2024, at 12:07 am
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Indian economy to be 3rd largest by 2030-31, growing 6.7% annually: S&P Global's forecast
Sep 20, 2024, at 06:30 am
New Delhi: The Indian economy is projected to grow at an annual rate of 6.7% between now and 2030-31, becoming the third-largest economy in the world, according to S&P Global's forecast on Thursday, media reports said.
August retail inflation at 3.65%, below RBI's 4% target
Sep 13, 2024, at 04:03 am
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
Goldman Sachs cuts India's growth forecast by 20 basis points
Aug 24, 2024, at 03:18 am
Mumbai: Goldman Sachs Group Inc. has slashed India's growth forecast for this year and the next by 20 basis points, citing a reduction in central government spending, Bloomberg reported.
India's 8 core sectors grow lowest in 20 months
Aug 01, 2024, at 01:42 am
New Delhi: The growth in the production of eight key infrastructure sectors in India slowed to a 20-month low of 4 percent in June, according to official data released on Wednesday.
Key indicators show Indian economy remaining on course, says NCAER Monthly Review
Jul 30, 2024, at 12:37 am
Amid signs of receding global shocks, the latest high-frequency indicators like PMI expansion for manufacturing and services and bank credit growth besides the forecast of above-normal monsoon rains in July hold out the projected growth promise for the Indian economy, according to the Monthly Economic Review for July released by National Council of Applied Economic Research (NCAER).
India's core sector grows 6.2% YoY in April 2024
Jun 01, 2024, at 02:21 am
New Delhi: India's index of eight core sectors grew by 6.2 percent year-on-year in April, following a 6 percent growth in March, according to official data released on Friday.
IMF revises China's 2024 growth forecast to 5%, predicts slowdown to 3.3% by 2029
May 30, 2024, at 05:03 am
Beijing: The IMF on Wednesday revised its projection for China's economic growth to 5 percent in 2024, up from its previous estimate of 4.6 percent, media reports said.
S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'
May 29, 2024, at 10:01 pm
Mumbai: Rating agency Standard & Poor's (S&P) on Wednesday updated its outlook for the Indian economy from 'stable' to 'positive', maintaining the overall rating at 'BBB-', the lowest investment grade. The transfer and convertibility assessment continues to be 'BBB+'.
Report shows global economic growth improves but ‘downsides’ lurk
May 17, 2024, at 02:26 pm
The global economic picture has improved since January, but vulnerabilities remain, the mid-year update of the World Economic Situation and Prospects report published on Thursday has revealed.
Debt-ridden Pakistan readies to privatise all state-run companies, except strategic ones: Reports
May 15, 2024, at 04:54 am
Islamabad: Debt-ridden Pakistan has decided to privatise all state-run enterprises, except strategic ones, broadening its earlier decision to offload stakes only in loss-making companies, media reports said.
Mar 31, 2024, at 11:07 pm
Key markers point to the Indian economy remaining buoyant at the end of FY 2023-24 with Purchasing Manager’s Index (PMI) for manufacturing increasing and that of services maintaining a robust trend, according the Monthly Economic Review for March, released by the National Council of Applied Economic Research (NCAER) on Sunday.
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.
Jan 15, 2024, at 11:33 pm
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
India likely to have 100 million affluent citizens by 2027: Reports
Jan 15, 2024, at 03:20 pm
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
Raghuram Rajan explores strategies for India's economic future in ISB discussion
Dec 18, 2023, at 07:25 pm
Hyderabad/UNI: Former Reserve Bank of India (RBI) Governor, Raghuram Rajan, shared insights into key strategies that can propel India's growth in the coming decades during a discussion on his latest book, 'Breaking the Mould: Reimagining India's Economic Future,' at the Hyderabad campus of the Indian School of Business (ISB).
Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
Dec 06, 2023, at 03:41 am
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
India to grow at 6.3% in FY24, likely to slowdown to 6.1% in FY25: OECD
Nov 30, 2023, at 05:26 am
New Delhi: The Organization for Economic Cooperation and Development (OECD) Wednesday maintained its forecast for India's growth at 6.3 percent for the fiscal year 2024.
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.
Despite headwinds, global economic activity remains resilient in Q1FY24: SBI report
Aug 22, 2023, at 11:10 pm
Mumbai: Global economic activity remained resilient in the Q1FY24, driven mainly by the services sector, according to State Bank of India’s Group Chief Economic Adviser Dr Soumya Kanti Ghosh.
Moody's affirms Baa3 rating for India; raises concerns over political challenges
Aug 19, 2023, at 04:52 am
New Delhi: Moody's Investors Service on Friday affirmed its Baa3 rating for India and upheld the stable outlook, media reports said.
RBI's MPC panel likely to maintain status quo on key policy rate in June meeting
Jun 05, 2023, at 05:30 am
Mumbai: The Reserve Bank of India is likely to maintain a status quo over the policy stance in the June policy review as well, opine experts.
India's FY23 GDP growth likely to surpass 7%, manufacturing sector to rebound: SBI report
May 27, 2023, at 07:00 am
Despite the global economic slowdown, India is expected to continue its showdown in pursuing a different pathway of zeroing in on drivers of growth, looking for a renewed surge in resilient manufacturing while supporting the services sector to embrace enhanced efficiency, an SBI report said on Friday.
India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival
Mar 01, 2023, at 02:54 am
New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.
India's GDP grows by 13.5 pc in April-June quarter of FY23
Sep 01, 2022, at 12:37 am
New Delhi: India's GDP grew at a rate of 13.5 percent in the April-June quarter in FY23 compared to the previous quarter (Jan-March), according to the data released by the National Statistical Office (NSO) on Wednesday.
May 10, 2022, at 07:59 pm
The post pandemic economic turnaround efforts globally got a jolt due to the escalation of the past two-month old Russia-Ukraine conflict. Experts had predicted a slow economic recovery in 2022 stretching up to end of the year or beyond which inevitably throws up ‘real challenge’ on how to turn around businesses, when it is still felt that recovery would likely to be hit because of large services sector, unemployment, low investments and impact of geo-political crisis in eastern Europe.
India targetting $500 billion export for 2022-23 fiscal
Jan 23, 2022, at 12:47 am
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
In highly uneven recovery, global investment flows rebound
Oct 20, 2021, at 06:08 pm
New York: After a big drop last year caused by the COVID-19 pandemic, global foreign direct investment (FDI) reached an estimated $852 billion in the first half of 2021, showing a stronger than expected rebound.