International Monetary Fund makes huge claim over India's economy
The International Monetary Fund (IMF) has also endorsed the rapid pace of the Indian economy. The International Monetary Fund, while raising its own estimate of India's growth rate, has indicated that India will continue to be the fastest-growing major economy. In this regard, India has left China behind in some aspects.
Jan 31, 2024, 12:30 PM IST
Per Capita Income Of Indians To Rise 70% In Next 7 Years, GDP To Up $6 Trillion: Report
The report sees as many as nine states growing to the upper middle income country status with $4,000 in per capita income, up from just one now, the report said sans naming the state.
Jul 31, 2023, 16:19 PM IST
Central Govt Created Employment-Generating Economy: Gadkari
He said people in passenger traffic, tourism, restaurants, hoteling, buses, railways and aviation?all got businesses because the footfall has gone up at these places. "Automobile industry in the country is Rs 7.50 lakh crore, 4.50 crore people got jobs.
Jun 25, 2023, 20:56 PM IST
Central Bank Will Strive To Get CPI Down To 4%; El Nino A Challenge For Food Inflation: RBI Governor Shaktikanta Das
The central bank's rate hikes by a cumulative 2.50 per cent since May last year, coupled with supply-side measures from the government, have helped get the inflation down to 4.25 per cent in May from a peak of 7.8 per cent in April last year, Das said.
Jun 25, 2023, 20:04 PM IST
Fitch Hikes India's GDP Forecast To 6.3% For Current Fiscal
Fitch further said that GDP growth in January-March was higher than expected, saying there has been a recovery in manufacturing after two consecutive quarterly contractions, a boost from construction, and an increase in farm output.
Jun 22, 2023, 23:22 PM IST
Vedanta Ltd Plans To Invest USD 1.7 Billion In FY24 On Growth Projects: Chairman Anil Agarwal
India's improved outlook in many ways is attributable to the government's quest for self-reliance in manufacturing, minerals and resources. Its importance was accentuated in the aftermath of the pandemic and the Russia-Ukraine conflict, which saw heightened uncertainties and geopolitical tensions globally.
Jun 19, 2023, 20:19 PM IST
India's GDP Numbers Higher Than Expected
Reserve Bank of India (RBI) Governor Shaktikanta Das, at the recent annual conference of the Confederation of Indian Industry (CII), had said there are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends.
May 31, 2023, 19:24 PM IST
India Meets FY2023 Fiscal Deficit Target Of 6.4%
The government's capital spending on infrastructure projects increased 24.2% from last year to 7.36 trillion rupees, aiding the economy.
May 31, 2023, 19:15 PM IST
RBI Slightly Increases India's GDP Growth Projection to 6.5 %
Asian Development Bank also expects India's economic growth to moderate to 6.4 per cent due to tight monetary conditions and elevated oil prices, as compared to 6.8 per cent expansion for the financial year ended March 2023.
Apr 06, 2023, 11:16 AM IST
India's GDP Growth Gets Slow in December Quarter With 4.4% On Weakness In Manufacturing; Down From 6.3% In July-September
The Reserve Bank of India (RBI), has raised its benchmark repo rate by 250 basis points since May last year and economists expect a further rate hike of 25 basis points to 6.75% in April before it pauses until year end.
Feb 28, 2023, 18:35 PM IST
We have to take care of businesses built by sweat and toil of Indians: FM Nirmala Sitharaman
Speaking on the show ‘Straight Talk’, Nirmala Sitharaman said that in India every issue or every policy decision has its own complexity when in comparison to any other country. India because of its diversity, because of the uneven spread of wealth and because of the levels of literacy, every policy becomes all the more complex when you try to implement it here
May 30, 2020, 07:21 AM IST
India's economy grows at robust 8.2 percent in June quarter, best in over 2 years
India's economic growth surged to a more than two-year high of 8.2 percent in the three months through June from a year earlier, powered by a strong performance of manufacturing and consumer spending.
Aug 31, 2018, 17:49 PM IST
India to clock GDP growth of 7.7% in January-March: Report
The report further noted that India is expected to witness cyclical recovery led by both investment and consumption.
May 14, 2018, 13:16 PM IST
Indian economy on right track; after World Bank, now Fitch says India to have 7.3% growth rate in FY19
According to Fitch, the pick up in growth is likely as the influence of one-off policy-related factor which was dragging growth has now waned.
Mar 15, 2018, 10:52 AM IST
Farm loan waivers to raise state deficits by Rs 1.08 trillion: Report
The combined fiscal deficit of the states for FY18 has been budgeted at 2.7 percent of GDP or Rs 4.48 trillion.
Dec 18, 2017, 17:19 PM IST
ADB lowers India's GDP forecast for FY-18 to 6.7%
India rebounded to 6.3 percent growth in the second quarter ended in September for this fiscal.
Dec 13, 2017, 08:50 AM IST
Fiscal deficit crosses 96% of FY18 target at Oct-end
For 2017-18, the government aims to bring down the fiscal deficit to 3.2 percent of GDP.
Nov 30, 2017, 21:20 PM IST
DHFL expects home loan growth of 30% this fiscal
The government has laid a very strong foundation for the affordable housing industry over the last few quarters, acknowledging the immediate need for India to respond to the huge demand for affordable housing, Mehta said.
Nov 17, 2017, 19:28 PM IST
India to pip Japan as world's third largest economy by 2028: Report
The country has already overtaken Brazil and Russia to emerge as the second largest BRIC economy after China and is well on track to cross France and Britain to emerge as the world's fifth largest economy after Germany by 2019.
Nov 13, 2017, 20:59 PM IST
Entrepreneurship will be strength of Indian economy: Arun Jaitley
Recounting the benefits of entrepreneurship, he said once the youth moves out of the prohibitions and restrictive framework of job, he can create new ideas for himself.
Nov 09, 2017, 19:53 PM IST
