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.
Identifying and building domestic capabilities of those items which have huge global demand will expedite India's journey to a $5 trillion economy by 2025, according to Dr Ajay Sahai, DG & CEO of the Federation of Indian Export Organisation (FIEO).
IRFC and IIFCL sign MoU to solidify cooperation in financing railway infrastructure projects
New Delhi/IBNS: Indian Railway Finance Corporation Ltd. (IRFC), a Schedule ‘A’/Miniratna Public Sector Enterprise (PSE) under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company Ltd. (IIFCL), a PSE under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with forward and backward linkages to the Indian Railways sector.
World Bank cuts down India's FY23 GDP growth forecast to 6.5 pc
New Delhi: Amid fears of a recession in advanced economies, the World Bank on Thursday cut India's gross domestic product (GDP) growth forecast for the financial year 2022-23 to 6.5 percent from its earlier estimate of 7.5 percent.
India's growth slowed down during end of Manmohan govt: Narayan Murthy
Ahmedabad: Infosys co-founder Narayana Murthy has said the Indian growth story somehow stalled in the final years of Manmohan Singh's government, as decisions were not taken quickly.
All-India CPI-IW increased by 0.7 points to 129.9 in July
The All-India Consumer Price Index for Industrial Workers or CPI-IW for July 2022 increased by 0.7 points and stood at 129.9 (one hundred twenty-nine point nine).
India's GDP grows by 13.5 pc in April-June quarter of FY23
New Delhi: India's GDP grew at a rate of 13.5 percent in the April-June quarter in FY23 compared to the previous quarter (Jan-March), according to the data released by the National Statistical Office (NSO) on Wednesday.
New Delhi: The Union Cabinet has extended the Emergency Credit Line Guarantee Scheme (ECLGS) from Rs 50,000 crore to Rs 5 lakh crore, Information & Broadcasting Minister Anurag Thakur said Wednesday.