JPMorgan CEO praises PM Modi for doing 'unbelievable' job in India
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
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%
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
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
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
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
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
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%
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
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
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
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
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
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
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.