Outlook for the Indian economy appears bright, says Finance Ministry report
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.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
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.
RBI likely to keep policy repo rate unchanged in the next MPC meet: Quantum AMC
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.
Govt expected to receive $2 billion in dividends from PSBs in next fiscal year
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.
FM Nirmala Sitharaman presents Interim Budget 2024-25: Industry reacts
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.
Inclusion of Indian bonds in JP Morgan and Bloomberg indices proof of strong Indian economy: Expert
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.
India’s fiscal deficit during Apr-Dec narrows to Rs 9.82 lakh cr
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.
Why Economic Survey was not released on January 31 this year
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.
Ahead of Budget, IMF raises India's GDP growth forecast to 6.5%
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 expects India will mark 8 percent growth this year
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
India retail inflation touches four-month-high of 5.69 percent
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
Govt projects FY24 GDP growth at 7.3%
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.
India emerges as fastest growing large economy globally in CY2023-CY 2024: Report
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 India hopes India to remain among fastest growing economy in 2024-25
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.
On IMF's warning on debt, Centre says India's borrowings still below 2002 level
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.