India’s industrial production slows slightly in March 2024 to 4.9%
May 11, 2024, at 05:18 am
New Delhi: India’s industrial production growth in March slowed slightly, reaching 4.9 percent month-on-month, according to official data.
India poised for higher GDP growth based on domestic strengths, says Chief Economic Advisor
May 09, 2024, at 12:57 am
New Delhi/IBNS: With supply-side investments on both physical and digital infrastructure, Indian economy is better placed to pursue non-inflationary growth and could achieve a GDP growth rate of above 7% this year, based on its domestic strengths, Chief Economic Advisor to the Government Dr V Anantha Nageswaran said on Wednesday.
IMF revises India's FY25 GDP growth by 30 bps to 6.8% on buoyant domestic demand
May 01, 2024, at 04:52 am
New Delhi: The International Monetary Fund (IMF) revised India's GDP growth projection for 2024-25 upward by 30 basis points to 6.8% in its update to the World Economic Outlook (WEO) on the back of buoyant domestic demand in the country.
Apr 30, 2024, at 05:10 am
The National Council of Applied Economic Research (NCAER) on Monday said the Indian economy can attain growth rates higher than 7 per cent during the current fiscal year.
JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India
Apr 25, 2024, at 03:38 am
New York/IBNS: JPMorgan Chase & Co.'s CEO, Jamie Dimon, has commended Prime Minister Narendra Modi for his an "unbelievable" job in India, noting that despite criticism from the liberal media in the US, Modi has successfully lifted 400 million people out of poverty.
India to remain driver for global growth in the foreseeable future, says IMF Executive Director
Apr 18, 2024, at 04:13 pm
IMF Executive Director has said India will remain a driver for global growth in the foreseeable future.
IMF raises India's FY25 GDP growth forecast by 30 bps to 6.8%
Apr 17, 2024, at 04:54 am
New Delhi: The International Monetary Fund (IMF) increased its forecast for India's GDP growth in 2024-25 by 30 basis points to 6.8%, it said in an update to the World Economic Outlook (WEO).
India's Feb Industrial Production grows by 5.7%, best performance in 4 months
Apr 13, 2024, at 04:40 am
New Delhi: India's Index of Industrial Production (IIP) increased by 5.7 percent in February, compared to 3.8 percent in January, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
India eyes US$100 billion annual FDI from investors looking to diversify from China
Apr 07, 2024, at 08:36 pm
New Delhi: India is targeting a minimum of US$100 billion annually in gross foreign direct investment, as the country seeks to attract investors seeking diversification from China, media reports said.
India conducts 43.3 crore digital transactions every month: Nirmala Sithraman
Apr 03, 2024, at 02:49 am
New Delhi: Finance Minister Nirmala Sitharaman lauded the robust digital public infrastructure and widespread access that has propelled India to the forefront of digital transactions, media reports said.
India's Apr-Feb fiscal deficit at Rs 15.01 lakh cr, reaches 86.5% of FY24 target
Mar 29, 2024, at 04:24 am
New Delhi: India's fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year.
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.