New Delhi: Prospects of healthy Rabi harvest, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in the financial year 2024-25, said a Finance Ministry report released on Tuesday.
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
Mumbai: The Reserve Bank of India (RBI) is likely to keep the policy repo rate unchanged in the upcoming monetary policy review meet, according to Quantum Asset Management.
New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said India's economy is undergoing a profound shift as she presented the final budget of the Narendra Modi government before the Lok Sabha polls scheduled for May. Emphasising the government's commitment, Sitharaman highlighted a focus on enhancing conditions for marginalised groups, including the poor, women, youth, and farmers, laying the groundwork for forthcoming welfare schemes in these sectors during her Budget 2024 address.
Mumbai: The long-awaited inclusion of India in global indices such as the JP Morgan GBI-EM Index and Bloomberg (subject to approval by index participants) in the Bloomberg EM Local Currency Debt Index is a testament to the strength of the Indian economy, making it attractive to global fixed-income investors, according to Vishal Goenka, Co-founder, IndiaBonds.com.
New Delhi: India’s fiscal deficit for the first nine months of the Financial Year 2024 stood at Rs 9.82 lakh crore, which ist 55% of the annual fiscal deficit estimate, according to government data.
New Delhi: Finance Minister Nirmala Sitharaman is set to present the interim Union Budget for 2024 on Thursday, February 1. Traditionally, a key component of Parliament's Budget session is the presentation of the Economic Survey on January 31.
New Delhi: The International Monetary Fund (IMF) has increased its GDP growth prediction for India in the 2024-25 fiscal year by 20 basis points to 6.5 percent.
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
Mumbai: The Indian Equity Market has emerged as one of the best-performing markets in the last two years, according to a report by Pantomath Financial Services Group.
Fitch Ratings hopes that India will mark a GDP growth of 6.5 per cent in 2024-25, a move which will ensure India to remain among the world's fastest-growing countries.
New Delhi: In response to the International Monetary Fund's (IMF) warning about alleged government debt vulnerabilities in India, the Central government stated on Friday that certain assumptions have been made which do not accurately represent the actual situation.