New Delhi: Global credit rating agencies have praised the FY25 Budget for maintaining a strong commitment to reducing fiscal deficit. Moody's Ratings highlighted that the Budget is viewed as a positive development for the country's credit outlook, media reports said.
ADB retains India's growth forecast at 7 per cent for fiscal year 2024
In its latest development outlook, the Asian Development Bank has kept India's economic growth forecast unchanged at 7 percent for the fiscal year 2024.
ADB retains India's FY25 growth at 7%
New Delhi: The Asian Development Bank (ADB) on Wednesday maintained its GDP growth forecast for India at 7 percent for the current financial year, anticipating a rebound in agriculture due to above-normal monsoon projections, according to media reports.
IMF raises India's FY25 GDP growth forecast to 7%
New Delhi: Amid rising private consumption, particularly in rural areas, the International Monetary Fund (IMF) on Tuesday in its economic outlook projected India's growth at 7 percent for 2024-25, up from 6.8 percent.
Poverty in India declines from 21.2% in 2011-12 to 8.5% in 2022-24: NCAER research
New Delhi: Poverty in India is estimated to have declined to 8.5% in 2022-24 from 21.2% in 2011-12, despite the challenges posed by the pandemic, according to a research paper by the economic think tank NCAER.
New Delhi/IBNS: Since the 1991 shock, India’s steady accumulation of foreign reserves which stood at over USD 653 billion by June, comfortably surpassing the conventional thresholds for adequacy used by IMF and others, is set to act as a bulwark against any adverse geo-strategic and geo-economic factors like the Israel-Hamas and Russia-Ukraine conflicts.
Growth of eight core sectors slows to 6.3% YoY in May
New Delhi: The pace of growth of India's eight core sectors slowed to 6.3 percent year-on-year in May, slightly down from the 6.7 percent recorded in April, according to government data released on Friday.
India's fiscal deficit Apr-May fiscal deficit at 3% for full FY25 target
New Delhi: India's fiscal deficit for the first two months of 2024-25 was 3 percent of the annual estimate, amounting to Rs 50,615 crore, according to data released by the Controller General of Accounts on Friday.
FATF places India in elite ‘regular follow-up’ category
The Ministry of Finance on Friday announced India has achieved an outstanding outcome in the Mutual Evaluation conducted during 2023-24 by Financial Action Task Force (FATF).
Indian economy continues growth dynamism, FY25 GDP may come close to 7.5 pct: NCAER
The latest monthly data released in June show resilience and growth dynamism of the Indian economy, according to the Monthly Economic Review released by National Council of Applied Economic Research (NCAER) on Wednesday.
India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 per cent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
Indian govt 10-yr-bond yields witness biggest surge in 8 months on poll results: Report
Mumbai: Indian government bond yields experienced a significant increase, particularly the 10-year benchmark bond yield, which recorded its biggest surge in eight months, reported Reuters.
Centre used Rs 9,48,506 cr in Capex in FY24
New Delhi: The Centre utilized Rs 9,48,506 crore for capital expenditure in FY24, nearly matching the revised estimate (RE) of Rs 9,49,555 crore, accounting for 99.9 percent of the RE, according to government data released on Friday.
India's FY24 fiscal deficit at 5.6% of GDP lower than estimated 5.8%
New Delhi: India's fiscal deficit for FY24 was Rs 16.54 lakh crore, below the budgetary target of Rs 17.86 lakh crore, reaching 95.3 percent of the target, according to data from the Comptroller General of Accounts released on Friday.