Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA
1 year, 10 months ago

Eco Survey LIVE: GDP will rise to 8% if global economy recoups, says CEA

Business Standard  

Recovery of economy is complete; non-banking and corporate sectors now have healthy balance sheets, hence, we don't have to speak of pandemic recovery any more, we have to look ahead to the next phase, said Chief Economic Advisor V Anantha Nageswaran. He added that leverage ratio in corporate sector went very sharply in first decade of millenium, second decade was thus a payback time, excessive credit growth had to be adjusted for in second decade, balance sheets now have been repaired, and credit growth is picking up IMF, in its World Economic Outlook Update, has maintained India's GDP forecast for current FY at 6.8%, next FY at 6.1% and for 2024-25 at 6.8 per cent. India's economy is poised to do better in the remainder of this decade, said Chief Economic Advisor V Anantha NageswaranIndia’s agriculture sector has been witnessing robust growth with an average annual growth rate of 4.6 per cent over the last six years. This has enabled agriculture and allied activities sector to contribute significantly towards country’s overall growth, development and food security, says the Economic Survey 2022-23 tabled in the Parliament by the Union Minister of Finance and Corporate Affairs Nirmala Sitharaman here today. Further in recent years the country has emerged as the net exporter of agricultural products, with exports in 2021-22 touching a record US $ 50.2 billion.Indian economy to grow at 6.5 per cent in 2023-24, according to the Economic Survey tabled in the Parliament by finance minister Nirmala Sitharam.

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Will India's economic growth pick up pace? Nirmala Sitharaman answers
1 week ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India can be a $9 trillion economy by 2030: Arvind Panagariya
1 week, 5 days ago

India can be a $9 trillion economy by 2030: Arvind Panagariya

Live Mint  

India is poised to surpass the position of the world's third-largest economy by 2030, with its gross domestic product expected to expand to $6.5-9 trillion, said Arvind Panagariya, the chairman of the 16th Finance Commission of India, on Thursday. Speaking at the Times Network India Economic Conclave 2024, Panagariya, former vice chairperson of NITI Aayog, said the Indian economy, despite …

GDP numbers a cause for worry
3 weeks, 1 day ago

GDP numbers a cause for worry

Hindustan Times  

That the Indian economy would lose some momentum as the pent-up demand from the pandemic was exhausted was a given. The September quarter headline GDP growth of 5.4% was more than a percentage point lower than what private and the Reserve Bank of India forecasts expected. The Indian economy’s tepid growth performance is a result of weak animal spirits triggering …

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’
5 months ago

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Monday hailed the Economic Survey 2023-24 tabled by Union finance minister Nirmala Sitharaman, saying that it highlights the prevailing strength of Indian economy. Prime Minister Narendra Modi said the Economic Survey identifies areas for further growth and progress “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the …

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more
5 months ago

Economic Survey 2024 key highlights: FY25 growth forecast, inflation outlook and more

India Today  

Finance Minister Nirmala Sitharman on Monday tabled the Economic Survey 2023-24, which highlighted that the Indian economy is “on a strong wicket and stable footing”. Here are some of the key takeaways from the Economic Survey 2023-24: Indian economy on 'strong wicket' The Economic Survey highlighted that the economy is growing strongly, demonstrating resilience despite challenges. Inflation under control, private …

Economic Survey out ahead of Budget: What it says on GDP, inflation and more
5 months ago

Economic Survey out ahead of Budget: What it says on GDP, inflation and more

Hindustan Times  

Union Finance minister Nirmala Sitharaman tabled the Economic Survey 2023-2024 in the Lok Sabha. The growth estimated by the Economic Survey, ahead of the Union Budget, is in line with the International Monetary Fund’s estimate of 7 per cent. Follow LIVE updates on Economic Survey here The survey said, “The survey conservatively projects a real GDP growth of 6.5–7 per …

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24
5 months ago

India recovered, expanded in orderly fashion from pandemic: Economic Survey 2023-24

Deccan Chronicle  

The Indian economy has recovered and expanded in an orderly fashion post-pandemic and the real Gross Domestic Product in 2023-24 was 20 per cent higher than its level in pre-pandemic 2019-20, according to the Economic Survey 2023-24 tabled on Monday in the Parliament.This, as per the Survey document, is a feat that only a very few major economies had achieved. …

Explained: Why Economic Survey 2024 has taken a cautious stance
5 months ago

Explained: Why Economic Survey 2024 has taken a cautious stance

India Today  

The Economic Survey 2023-24 has adopted a more cautious stance on India’s growth prospects, projecting an expansion of 6.5% to 7% for the fiscal year. Chief Economic Adviser V. Anantha Nageswaran highlighted that while the Indian economy remains resilient, it faces potential challenges from geopolitical uncertainties and the risk of cheaper imports that could impact private capital formation. "The Indian …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Confidence about economy declines after consistent recovery
6 months, 1 week ago

Confidence about economy declines after consistent recovery

The Hindu  

Confidence about the economy, job opportunities and income levels marginally declined over the past two months, shows data from the Reserve Bank of India’s bi-monthly Consumer Confidence Survey. In May 2024, the share of respondents who said income levels have increased since 2023 reduced from 27.7% in March 2024 to 25.3% in May 2024. The percentage of respondents who believe …

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's
6 months, 1 week ago

India to remain fastest growing Asia-Pacific economy in 2024, predicts Moody's

India TV News  

Moody's latest Ratings revealed that India is poised to maintain its position as the Asia-Pacific region's top-performing economy in 2024, continuing the robust growth driven by domestic factors seen last year. India to remain fastest growing economy: World Bank Earlier this week, a Work Bank report stated that India will remain the fastest-growing major economy recording a steady growth of …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
6 months, 2 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Indian economy to grow at 7.5 per cent in 2024, projects World Bank
8 months, 3 weeks ago

Indian economy to grow at 7.5 per cent in 2024, projects World Bank

India TV News  

The Indian economy will grow at 7.5 per cent in 2024, according to latest estimates by the World Bank. It raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia. The increase in the projected growth rate for …

Real GDP growth may hit 8% this fiscal year, signals FinMin
9 months ago

Real GDP growth may hit 8% this fiscal year, signals FinMin

The Hindu  

India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the National Statistical Office, the Finance Ministry signalled on Friday, citing the continuing momentum in economic activity in the ongoing final quarter of 2023-24. Despite risks such as “hardening crude oil prices” and “global supply chain bottlenecks to trade”, the …

India’s Q3 GDP bucks all estimates at 8.4% growth
9 months, 3 weeks ago

India’s Q3 GDP bucks all estimates at 8.4% growth

Hindustan Times  

The Indian economy continued to outperform, with GDP growth in the quarter ending December coming in at 8.4%, beating analyst estimates by around 180 basis points or 1.8 percentage points, and the government now expects the economy to grow by 7.6% in 2023-24, up from the 7.3% projected in January. Given the fact that GDP numbers for 2021-22 and 2022-23 …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

India will be $7 trillion economy by 2030
10 months, 3 weeks ago

India will be $7 trillion economy by 2030

Firstpost  

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. Meanwhile, as per National Statistical Office, the Indian economy is estimated to grow 7.3 per cent in 2023-24, while Reserve Bank of India projected a 7 …

Riding high on the growth momentum
11 months, 1 week ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

India Projected to Become World's Third-Largest Economy by 2030
1 year ago

India Projected to Become World's Third-Largest Economy by 2030

Deccan Chronicle  

New Delhi: American credit rating agency S&P Global Ratings said on Tuesday that India will become the world’s third largest economy by 2030 as it forecast the country’s gross domestic product or GDP growth reaching 7 per cent in the 2026-27 fiscal year. “India is set to become the third-largest economy by 2030, and we expect it will be the …

India will be third largest GDP by 2027, says Nirmala
1 year, 1 month ago

India will be third largest GDP by 2027, says Nirmala

Deccan Chronicle  

New Delhi: Terming the India-Middle East-Europe Connectivity Corridor as one of the most promising connectivity projects, Union finance minister Nirmala Sitharaman on Wednesday said that it would be a win-win situation for all stakeholders who are involved in bringing efficiency in transportation, reducing logistic costs, increasing economic unity, generating employment, and lowering greenhouse gas emissions. The country’s economic growth is …

An uneven rebound: The Hindu Editorial on the economy
1 year, 3 months ago

An uneven rebound: The Hindu Editorial on the economy

The Hindu  

India’s economy, as measured by the Gross Domestic Product as well as the Gross Value Added, grew 7.8% in the first quarter of the year. But the months ahead could prove to be more challenging with global headwinds that have hit goods exports and manufacturing already, combining with domestic pressures from the renewed spurt in inflation and the likelihood of …

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’
1 year, 4 months ago

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’

News 18  

With Prime Minister Narendra Modi declaring that India is expected to be the world’s third largest economy in the next five years on the 77th Independence Day from the ramparts of the Red Fort on Tuesday morning, Sanjeev Sanyal, member of Economic Advisory Council to the Prime Minister, spoke exclusively to News18 in which he stressed that more economic reforms …

DC Edit | Economy in the right direction
1 year, 6 months ago

DC Edit | Economy in the right direction

Deccan Chronicle  

The report that India’s gross domestic product grew at 6.1 per cent during the January-March quarter of the fiscal year 2022-23 is yet another indicator that the country’s economy is healthy and headed in the right direction. This will push the overall growth rate to 7.2 per cent for the full year, April 2022 to March 2023. Electricity, gas, water …

India’s GDP expanded 6.1% in 2022-23’s last quarter
1 year, 6 months ago

India’s GDP expanded 6.1% in 2022-23’s last quarter

The Hindu  

India’s GDP growth accelerated to 6.1% in the January to March 2023 quarter, lifting the economy’s uptick in 2022-23 to 7.2% from the 7% estimated earlier, according to the provisional national income data released by the National Statistical Office on Wednesday. The higher-than-expected GDP growth last year could also temper growth expectations for this year, which the government and central …

India’s economy picks up speed amid global slowdown
1 year, 6 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA
1 year, 8 months ago

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA

Live Mint  

Chief Economic Advisor V Anantha Nageswaran on Wednesday said that the Indian Economy is likely to grow at the rate of 6.5 per cent in the coming decade on the back of the turnaround in financial and investment cycle. "So, I think the restoration of the financial, credit and the investment cycle in the commercial sector and the real estate …

A fragile momentum: On the economy and India’s growth
1 year, 9 months ago

A fragile momentum: On the economy and India’s growth

The Hindu  

On the face of it, the 5.2% uptick in India’s Index of Industrial Production this January is a good new year tiding for a metric that had seen two months of contraction in the previous five months. Manufacturing rose 3.7%, which is slightly better than December’s 3.1% increase, but 10 of 23 tracked sub-sectors recorded contractions in output and five …

RBI projects economic growth at 6.4% for next fiscal
1 year, 10 months ago

RBI projects economic growth at 6.4% for next fiscal

Firstpost  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the RBI’s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook New Delhi: The Reserve Bank of India has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political …

Economic Survey 2022-23 | Economy on stronger wicket than pre-COVID times, to grow 6.5% in 2023-24
1 year, 10 months ago

Economic Survey 2022-23 | Economy on stronger wicket than pre-COVID times, to grow 6.5% in 2023-24

The Hindu  

Painting an exuberant picture of the Indian economy’s prospects thanks to “New Age” reforms undertaken since 2014, the Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday asserted that not only are the pandemic-induced blues over, but the outlook for the years ahead is also rosier than in the pre-COVID years. Though global uncertainties are rife and …

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023
1 year, 10 months ago

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023

Hindustan Times  

The micro, small and medium enterprises sector has posted smart recovery from pandemic-induced shock, with the goods and services tax paid by the sector in fiscal year 2022 exceeding the pre-pandemic level in FY20, the Economic Survey tabled in parliament on Tuesday noted. The Economic survey highlighted Covid had a significant negative impact on the sector’s performance. Economic survey highlighted …

Economic Survey 2023: Centre's MSP Boost For Crops Powered Agriculture Sector To Robust Growth
1 year, 10 months ago

Economic Survey 2023: Centre's MSP Boost For Crops Powered Agriculture Sector To Robust Growth

ABP News  

The Economic Survey 2022-23 was tabled by Finance Minister Nirmala Sitharaman on Tuesday in the parliament. As all eyes are on the Budget 2023, where the expectations for the agriculture sector remain upbeat, the Eco Survey 2022-23 showed that the performance of the agriculture and allied sector has been buoyant. As per the Eco Survey tabled in the Parliament, the …

Economic Survey 2022-23 Highlights: 6.5% FY24 GDP Growth, Inflation To Be 'Less Stiff', CAD Concerns
1 year, 10 months ago

Economic Survey 2022-23 Highlights: 6.5% FY24 GDP Growth, Inflation To Be 'Less Stiff', CAD Concerns

News 18  

A day ahead of the Budget 2023, Finance Minister Nirmala Sitharaman on Tuesday presented the Economic Survey 2022-23 in Parliament. According to the Survey, India’s economic growth for the next financial year 2023-24 is pegged at 6-6.8 per cent with a baseline real GDP growth of 6.5 per cent. Here’re the highlights of the Economic Survey 2022-23: India’s Economic Growth …

Economic Survey 2023: Current Account Deficit May Continue To Widen Due To Rising Commodity Prices
1 year, 10 months ago

Economic Survey 2023: Current Account Deficit May Continue To Widen Due To Rising Commodity Prices

ABP News  

The Economic Survey 2022-23 on Tuesday underlined the need for close monitoring of the current account deficit which may continue to widen because of elevated global commodity prices. India's current account deficit widened to 4.4 per cent of the GDP in the quarter ending September, from 2.2 per cent of the GDP during the April-June period due to a higher …

Economy to grow at quick pace: Survey
1 year, 10 months ago

Economy to grow at quick pace: Survey

Deccan Chronicle  

New Delhi: Sensing the global slowdown that may hurt exports and other similar economic parameters, India on Tuesday expected that its economy will grow 6–6.8 per cent in the next financial year starting April 1, down from the 7 per cent projected for the current financial year and 8.7 per cent in 2021–22. As per the government’s annual Economic Survey, …

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal
1 year, 10 months ago

Economic Survey: GDP to grow at 6.5% in 2023-24 compared to 7% this fiscal

Hindustan Times  

Union finance minister Nirmala Sitharaman on Tuesday tabled the economic survey 2022-23 in Parliament. The economic survey forecast India's economy to grow at 6.5 per cent in 2023-24, compared to 7 per cent this fiscal and 8.7 per cent in 2021-22. The economic survey forecast its economy will grow 6 per cent to 6.8 per cent in the next financial …

Economic Survey 2022-23 | Survey presents comprehensive analysis of India’s growth trajectory: PM Modi
1 year, 10 months ago

Economic Survey 2022-23 | Survey presents comprehensive analysis of India’s growth trajectory: PM Modi

The Hindu  

The Union Finance Minister, Nirmala Sitharaman, tabled the Economic Survey for the Financial Year 2022-23, after the President’s address, on the first day of the Union Budget Session 2023-24 today. The Economic Survey said that India’s economic recovery from the pandemic is complete and the economy is expected to grow in the range of 6% to 6.8% in the coming …

Economic Survey Likely to Peg 2023-24 Growth at 6-6.8%, Slowest in Three Years: Report
1 year, 10 months ago

Economic Survey Likely to Peg 2023-24 Growth at 6-6.8%, Slowest in Three Years: Report

News 18  

The annual pre-Budget Economic Survey 2022-23 is likely to peg GDP growth at 6-6.8 per cent for 2023-24, according to a source. The government survey is likely to say that growth is seen at 6.5 per cent for 2023-24 under the baseline scenario, the person said, declining to be named as the matter was confidential. India’s current account deficit may …

India's Economic Survey Likely To Peg 2023-24 Growth At Slowest In 3 Years: Report
1 year, 10 months ago

India's Economic Survey Likely To Peg 2023-24 Growth At Slowest In 3 Years: Report

News 18  

India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source. Growth in the financial year beginning April 1 will remain strong relative to most global economies, led by sustained private consumption, a pick-up in lending by banks and improved capital spending by corporations, the survey will likely say, the source said. …

India to remain 5th largest economy in 2023, says RBI bulletin
1 year, 11 months ago

India to remain 5th largest economy in 2023, says RBI bulletin

Live Mint  

A Reserve Bank of India bulletin said on Thursday that India will maintain its position as the fifth-largest economy in 2023. It further said that India will become a USD 3.7 trillion economy in 2023 and will continue to maintain its lead on the United Kingdom, stressing that the macroeconomic stability is getting entrenched. Recent data arrivals indicate that the …

Need pragmatism to tackle the slowdown
1 year, 11 months ago

Need pragmatism to tackle the slowdown

Hindustan Times  

International Monetary Fund managing director Kristalina Georgieva has warned that one-third of the global economy could face a recession this year, which could be a more difficult year than 2022. Ms Georgieva’s comments laid the ground for further slashing of Gross Domestic Product growth rates when the IMF releases updates to its World Economic Outlook later this month. The Indian …

Explained | Is the economy driving with the brakes on?
1 year, 11 months ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

Global slowdown not mirrored in India, says Finance Ministry
2 years ago

Global slowdown not mirrored in India, says Finance Ministry

The Hindu  

India’s economic momentum has been sustained well in the third quarter of 2022-23 and there is cause for cautious optimism as the slowdown in global economic activity is not mirrored in India’s performance of various high-frequency indicators, the Finance Ministry said on December 23, 2022. The downsides of India’s widening current account deficit are expected to be limited by a …

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI
2 years, 1 month ago

Indian Economy Resilient But Sensitive To Global Headwinds, On Way To Post 7% Growth In FY23: RBI

News 18  

India’s Q2 GDP Growth Forecast: The Reserve Bank of India on Friday said the Indian economy is resilient but also “sensitive to formidable global headwinds”. The central bank pegs the country’s GDP for the July-September 2022 quarter between 6.1 per cent and 6.3 per cent based on economic prediction models and high-frequency indicators, like IIP, PMI, core sector data and …

Worries about the next recession intensifying each day; retail investors must take note
2 years, 2 months ago

Worries about the next recession intensifying each day; retail investors must take note

Live Mint  

The world's major economies are staring at a recession, and analysts warn that the global economy may plunge into a severe contraction in the next 12 months. While rating agency firm Fitch also warns that high inflation and the US Fed's continuous rate hikes will drive the US economy into a 1990-style mild recession starting in the spring, Mint reported. …

Why recession clouds in parts of the globe can hit India's economic recovery
2 years, 2 months ago

Why recession clouds in parts of the globe can hit India's economic recovery

India Today  

A day after Russia escalated the war on Ukraine by raining missiles on its capital Kyiv, the International Monetary Fund, on October 11, announced what many have been fearing—that a large part of the globe will witness recession this year or the next. The IMF has cut India’s GDP growth to 6.8 per cent for 2022-23, from 7.4 per cent …

World Bank pares India FY23 growth projection to 6.5%
2 years, 2 months ago

World Bank pares India FY23 growth projection to 6.5%

The Hindu  

The World Bank has estimated that India will grow 6.5% in the current fiscal year, after having grown at 8.7% in the fiscal year ended March 31. The slowing in India’s growth during the current fiscal year, relative to the previous one, was because most of the COVID recovery happened last year, the report said. Although India growth estimates are …

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes
2 years, 2 months ago

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes

Hindustan Times  

The Reserve Bank of India on Friday hiked the key lending rate – the repo rate – by 50 basis points to a 3-year-high of 5.9 per cent. Announcing the move, which was among several decisions taken during the RBI's Monetary Policy Committee meet earlier this month, with the announcements being made today, Das also said that in the next …

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