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
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
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
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
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
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
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
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
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-'
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
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
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.
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
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.
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).