Fitch Ratings revises outlook for India to stable from negative
American credit rating agency Fitch Ratings has upgraded its outlook for India from negative to stable and affirmed the BBB rating.
OECD cuts down India's FY23 growth to 6.9 pc amid inflation
The organisation for Economic Cooperation and Development has slashed India's growth projection for this fiscal year (FY23) to 6.9 percent, down sharply from 8.1 percent estimated previously and the Reserve Bank's 7.2 percent anticipated rise.
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
India's GDP grows 8.7 pc in 2021-22, taking economy above pre-pandemic level
New Delhi: India recorded a growth of 8.7 percent in the year 2021-22 while it was 4.1 percent in the March quarter.
Eight core industries sectors' April output grows 8.4 percent
New Delhi: The combined Index of Eight Core Industries stood at 143.2 in April 2022, which is an increase of 8.4 per cent (provisional) as compared to the Index of April 2021.
New Delhi: CPI inflation surged to 6.95% on yearly basis in Mar’22 as compared to 6.07% in Feb’22 mainly on account of food price inflation.
India's exports have to contribute $1 trn for a $5 trn economy: Goyal
Mumbai/UNI: Union commerce and industry minister Piyush Goyal on Monday said India's exports have to contribute at least USD one trillion to become a USD five trillion economy by 2025.
Ukraine-Russia conflict: Indian govt could lose Rs 1 trillion revenue, says SBI report
Kolkata/UNI: The Indian Government could incur a revenue loss of Rs 95,000 crore to Rs 1 lakh crore for FY23 because of rising oil prices in the backdrop of the continuing Russia-Ukraine conflict, a State Bank of India research report said on Friday.
Nirmala Sitharaman meets President Kovind ahead of presenting Union Budget
New Delhi: Union Finance Minister Nirmala Sitharaman met President Ram Nath Kovind on Tuesday ahead of presenting the annual budget.
Economic Survey: Indian economy projected to grow at 8-8.5 pct during next fiscal
New Delhi: India forecast an economic growth of 8 to 8.5 percent in the coming fiscal year that starts in April, as per the Economic Survey 2022 tabled in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Monday.
Piyush Goyal seeks industry inputs on FTAs, market access, reducing compliance burden
New Delhi/UNI: Minister of Commerce & Industry Piyush Goyal on Friday asked the Indian industry to inculcate a greater appetite for risk-taking, leverage the cost advantage as well as the trust advantage that it enjoys and partner with all stakeholders including Central and state governments to attract businesses to India and transform it into a global leader.
India targetting $500 billion export for 2022-23 fiscal
New Delhi/IBNS: India has changed its outlook on world trade owing to the challenges and possibilities presented by the Covid-19 pandemic and amid the changing scenario the country has set up a target of $500 billion exports for 2022-23 fiscal, a top government official has said.
India's economic recovery on 'solid path' to grow 6.5 pc
New Delhi/IBNS: India is predicted to grow at 6.5 percent in the fiscal year 2022, down from the 8.4 percent GDP estimated in the previous fiscal year, affirming that the country's economic recovery is on a "solid path", the UN said on Thursday.
Jammu and Kashmir economy will double in next few years: Nirmala Sitharaman
Jammu/UNI: Stating that Jammu and Kashmir is rapidly passing through a developmental phase, Union Finance Minister Nirmala Sitharaman on Tuesday said that the economy of Jammu and Kashmir will be doubled in the next few years.
India's IIP grows 11.9 per cent in August, shows improvement
New Delhi: The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post the deadly second wave of pandemic.