India will continue to be world’s fastest growing economy for many decades: Piyush Goyal
Feb 26, 2023, at 07:38 am
Pune/UNI: The Indian economy will be closer to the 35-40 trillion-dollar mark by 2047 given the current pace of development, Union minister Piyush Goyal said on Saturday.
MeitY seeks proposals to estimate India's digital economy
Feb 23, 2023, at 06:02 am
New Delhi: The Indian government is looking to estimate the size of the country’s digital economy and in this regard the Ministry of Electronics and Information Technology (MeitY) invited proposals, media reports said.
India’s WPI inflation eases to 4.73 pc
Feb 14, 2023, at 10:38 pm
New Delhi: The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by the Ministry of Commerce showed on Tuesday.
RBI to announce first monetary policy of 2023 on Feb 8
Feb 08, 2023, at 06:59 am
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
Feb 01, 2023, at 06:49 am
New Delhi/IBNS: India has a unique opportunity to lead the world with new models of digital access to healthcare, which can serve not only emerging markets but also developed markets given that countries across the globe face significant inadequacies around healthcare access and affordability, said Prashant Tandon, HealthTech Committee Chair & CEO & Co-Founder of TATA 1MG.
Feb 01, 2023, at 06:28 am
Bengaluru/IBNS: The government can bolster working capital for e-commerce suppliers by lowering GST on input services like logistics and facilitating refunds of accumulated input tax credit in the upcoming Budget, according to Vidit Aatrey, Founder & CEO – Meesho.
Feb 01, 2023, at 06:05 am
MumbaiIBNS: A lower GST on appliances will help improve the penetration levels in India which remains low despite the positive impact on the quality of life and productivity, according to Kamal Nandi, Business Head and Executive Vice President of Godrej Appliances.
Large budget deficit acceptable if it stimulates higher GDP: Nadir Godrej
Feb 01, 2023, at 05:31 am
Mumbai/IBNS: Speaking on the upcoming Union Budget, Godrej Industries Ltd.'s Chairman and MD - Nadir Godrej said global inflation, China's economic slowdown, the pandemic's aftereffects, and the conflict between Ukraine and Russia pose a great challenge for the Indian economy.
Feb 01, 2023, at 05:27 am
Kolkata/IBNS: The Union Budget should continue and provide the right policy and budgetary framework to ensure the economic growth of the country and a budget design that can stand as per the GDP growth rate expectations, according to Rajeev Sharma, Chief Strategy Officer, Mitsubishi Electric India Pvt. Ltd.
Feb 01, 2023, at 04:34 am
New Delhi/IBNS: The logistics sector expects Union Budget to prioritize the strengthening of logistics and related infrastructure that would lead to economic growth for the country as a whole, according to Nikhil Agarwal, President-CJ Darcl Logistics.
Feb 01, 2023, at 03:19 am
Mumbai/IBNS: The Economic Survey 2022-23 tabled by the Minister of Finance and Corporate Affairs Nirmala Sitharaman in Parliament on Tuesday has projected FY 2024 growth at 6-6.8%.
Unemployment rates fall from 5.8 pct in 2018-19 to 4.2 pct in 2020-21: Economic Survey
Jan 31, 2023, at 11:46 pm
New Delhi: The Economic Survey 2022-23 tabled by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament, on Tuesday states that while the pandemic impacted both labour markets, and employment ratios, now with sustained effort in the last few years, coupled with quick response after the pandemic, and the world’s largest vaccination drive being undertaken in India, labour markets have recovered beyond pre-Covid levels, in both urban and rural areas, as observed in supply-side and demand-side employment data.
Indian stock markets outperform peers in FY 2022-23: Economic Survey
Jan 31, 2023, at 10:03 pm
New Delhi: Economic Survey 2022-2023 highlights buoyant performance of the Indian capital markets in the past year, driven by increased contribution of Small & Medium Enterprises (SMEs) and greater participation of domestic institutional and retail investors.
India's external sector displays position of strength in spite of global headwinds: Economic Survey
Jan 31, 2023, at 08:38 pm
New Delhi: India has been able to face the headwinds to its external sector from a position of strength in the back of strong macro fundamentals and buffers, as per the Economic Survey released on Tuesday.
India's GDP will hit $26 trillion by 2047, says EY report
Jan 19, 2023, at 07:43 am
The Indian economy is expected to reach the $26 trillion mark while the per capita income is also expected to increase to $15,000, catapulting the country to the realm of developed economies by 2047, the 100th year of the country’s independence, according to an EY report, said media reports
Jan 18, 2023, at 06:15 am
Mumbai/IBNS: The Government will face stiff challenges in the Budget FY24 to stick to the road map for fiscal consolidation, amidst a global environment of declining inflation, according to a report by SBI’s Group Chief Economic Adviser.
Jan 18, 2023, at 04:59 am
Mumbai/IBNS: Nearly three quarters (78%) of India CEOs believe global economic growth will decline over the next 12 months, according to PwC’s 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories, including 68 from India between October and November 2022.
India's GDP to grow at 7 pc in FY23: First Advance Estimates of National Income
Jan 07, 2023, at 03:44 am
New Delhi/IBNS: India's GDP is likely to grow at 7 percent in the current financial year 2022-23, according to the first advance estimates released by the government Friday evening.
India's forex reserves contract to $562.81 billion from $563.49 billion
Dec 31, 2022, at 02:57 am
Mumbai/IBNS: India’s forex reserve contracted for the second consecutive week to $562.81 billion as on December 23, 2022, from $563.499 billion owing to the sharp rise in the cost of imported goods, Reserve Bank of India (RBI) said on Friday.
Total govt debt widens to Rs 147.19 lakh crore in Q2FY23
Dec 28, 2022, at 03:46 am
New Delhi/IBNS: The government’s total liabilities widened to Rs 147.19 lakh crore at the September-end from Rs 145.72 lakh crore at the end of June this financial year, according to the latest finance ministry data.
Fitch maintains India's growth forecasts at 7 pc for FY23
Dec 07, 2022, at 05:25 pm
Fitch Ratings has retained India's economic growth forecast at 7 percent for the current fiscal (FY23).
India's core sector growth slows to just 0.1 pc in Oct
Dec 01, 2022, at 05:49 pm
New Delhi: India’s core sector recorded a growth of a meager 0.1 percent in October compared to an 8.7 percent growth in the same month in the previous fiscal.
Fiscal deficit stands at 4.7 pc of GDP in first half of FY23
Dec 01, 2022, at 06:39 am
New Delhi: The Centre’s fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.
India's GDP grows 6.3 pc in 2nd qtr in line with RBI's projection
Dec 01, 2022, at 01:41 am
New Delhi/IBNS: India’s Gross Domestic Product (GDP) grew at 6.3 percent in the Q2FY23 year-on-year, according to data released by the government on Wednesday.
FM Sitharaman aims to bring down fiscal deficit amid global economic turmoil
Nov 26, 2022, at 04:39 am
New Delhi/IBNS: India aims to narrow its budget deficit by 50 basis points even as the country is forced to spend more on food and energy owing to the war in Ukraine, media reports said.
RIL chairman Mukesh Ambani says Indian economy to grow 13-fold to $40 trillion by 2047: Report
Nov 23, 2022, at 06:08 am
Gandhinagar: India is likely to become a $40 trillion economy by 2047—a 13-fold jump from its current size—on the back of, primarily, a clean energy revolution and digitalisation, Reliance Industries Chairman Mukesh Ambani said on Tuesday, media reported.
India's forex reserves register biggest weekly high in over a year, shows RBI data
Nov 19, 2022, at 06:59 pm
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
India seen as island of calm amid challenging times: Nirmala Sitharaman
Nov 02, 2022, at 10:40 pm
Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday said because of the careful planning, targeted facilitation and fiscal prudence of Prime Minister Narendra Modi during challenging times, "India is seen as an island of calm".
Indian economy will stay on course and is projected to grow at 7% in FY 2022-23: Nirmala Sitharaman
Oct 15, 2022, at 08:31 pm
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) at the International Monetary Fund Headquarters during the Annual Meetings 2022 in Washington DC, on Saturday when she said the country's economy is projected to grow 7 percent in FY 2022-23.
Oct 14, 2022, at 09:22 pm
Identifying and building domestic capabilities of those items which have huge global demand will expedite India's journey to a $5 trillion economy by 2025, according to Dr Ajay Sahai, DG & CEO of the Federation of Indian Export Organisation (FIEO).