Washington/New Delhi: India is expected to be the world's fastest-growing economy, despite facing significant challenges like financial sector turbulence, inflationary pressures, the impact of the Russia-Ukraine conflict, and the continued effects of the Covid-19 pandemic in the last three years, according to the International Monetary Fund's World Economic Outlook report.
IMF cuts India's FY24 growth rate to 5.9 pc
The International Monetary Fund (IMF) has reduced its GDP growth estimate for India for the financial year 2023-24 by 20 basis points to 5.9 percent.
FM Sitharaman holds roundtable with investors, biz leaders during US visit
Washington: Finance Minister Nirmala Sitharaman on Monday attended a roundtable meeting with business leaders and investors, co-hosted the by Confederation of Indian Industry (CII) and US-India Business Council in the US Chamber, in Washington, DC.
Indian economy continues to show resilience amid global uncertainties: World Bank
New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.
India's banking system strong amid turmoil in global markets: PM Modi
New Delhi: India's economic and banking systems remain robust, even in the midst of the current turmoil battering global markets, Prime Minister Narendra Modi said on Saturday.
Apple plans to make India its sales engine amid record revenues in the region: Report
iPhone maker Apple is focussing on India as its priority region amid a significant increase in demand for Apple products in the country. The plans include the elevation of its head of India and making the country sales engine for Apple, media reports said.
India's coal and power supply stretched to limit amid rapid growth in economic activities
New Delhi: The power generators and coal mines in India are currently experiencing significant pressure to keep up with the escalating demand for electricity, which has been fuelled by the country's rapidly expanding economy and swift electrification efforts, Reuters reported.
Moody's improves India's 2023 growth projection to 5.5% on higher capex allocation in Budget
New Delhi/IBNS: Moody's Investors Service, on Wednesday, increased its prediction for India's economic growth in 2023 from 4.8% to 5.5%.
India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival
New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.
India will continue to be world’s fastest growing economy for many decades: Piyush Goyal
Pune/UNI: The Indian economy will be closer to the 35-40 trillion-dollar mark by 2047 given the current pace of development, Union minister Piyush Goyal said on Saturday.
MeitY seeks proposals to estimate India's digital economy
New Delhi: The Indian government is looking to estimate the size of the country’s digital economy and in this regard the Ministry of Electronics and Information Technology (MeitY) invited proposals, media reports said.
India’s WPI inflation eases to 4.73 pc
New Delhi: The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by the Ministry of Commerce showed on Tuesday.
RBI to announce first monetary policy of 2023 on Feb 8
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das will announce the first monetary policy of 2023 on February 8.
New Delhi/IBNS: India has a unique opportunity to lead the world with new models of digital access to healthcare, which can serve not only emerging markets but also developed markets given that countries across the globe face significant inadequacies around healthcare access and affordability, said Prashant Tandon, HealthTech Committee Chair & CEO & Co-Founder of TATA 1MG.
Bengaluru/IBNS: The government can bolster working capital for e-commerce suppliers by lowering GST on input services like logistics and facilitating refunds of accumulated input tax credit in the upcoming Budget, according to Vidit Aatrey, Founder & CEO – Meesho.