January 31, 2023 00:11 (IST)
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Hockey Men's World Cup 2023: India beat Japan 8-0 in classification match | Amid row, Kerala Congress screens controversial BBC documentary on PM Modi in Thiruvananthapuram | Republic Day Parade to showcase India’s indigenous military prowess, cultural diversity | Mulayam Singh Yadav, Zakir Hussain conferred Padma Vibhushan award | Dilip Mahalanabis, who pioneered ORS use, to be awarded Padma Vibhushan

India's GDP will hit $26 trillion by 2047, says EY report

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

India's FY24 fiscal deficit to be set close to 6.0% of GDP, net market borrowings at Rs. 11.7 lakh crores: SBI report

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.

57% of India CEOs believe the nation’s economic growth will improve over the next 12 months: PwC’s Survey

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

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

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

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

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

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

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

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

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

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

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

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

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.