''Economy Expected To Grow In Range Of 7.5% In Current Fiscal'': CEA
CEA further noted that maintaining economic growth while ensuring sustainability is important, and the government has increased investments on the ground, rather than revenue expenditure.
Jun 09, 2023, 21:04 PM IST
FPIs Investment Hit 9-Month High At Rs 43,838 Cr In May On Strong Domestic Macro-Outlook, Reasonable Valuation
According to the data, FPIs invested a net sum of Rs 43,838 crore in Indian equities in the entire month of May.
Jun 04, 2023, 12:05 PM IST
FPIs Bring In Rs 30,945 Cr In May On Strong Economic Fundamentals
Apart from equities, FPIs have invested Rs 1,057 crore in the debt market so far in May.
May 21, 2023, 18:08 PM IST
New Report Predicts El Nino To Wipe Out Over $3 Trillion From Global Economy
The researchers estimate that the El Nino predicted for 2023 alone could hold the global economy back by as much as $3 trillion by 2029.
May 21, 2023, 11:14 AM IST
Personal Income Tax To GDP Ratio Rises To 2.94% In FY22
The ministry said the Personal Income Tax (PIT), which is paid by individuals, to GDP ratio has been steadily increasing from 2.11 in FY 2014-15 to 2.94 in FY 2021-22.
Apr 25, 2023, 20:35 PM IST
India's GDP Growth Gets Slow in December Quarter With 4.4% On Weakness In Manufacturing; Down From 6.3% In July-September
The Reserve Bank of India (RBI), has raised its benchmark repo rate by 250 basis points since May last year and economists expect a further rate hike of 25 basis points to 6.75% in April before it pauses until year end.
Feb 28, 2023, 18:35 PM IST
IMF Projects Indian Economy to Grow 6.1 % in 2023; Global Growth to Dip to 2.9 %
Global growth projected for 2023 and 2024 is below the historical (2000-19) annual average of 3.8 per cent. The forecast of low growth in 2023 reflects the rise in central bank rates to fight inflation -- especially in advanced economies -- as well as the war in Ukraine.
Jan 31, 2023, 10:58 AM IST
World Bank downgrades 2023 global growth forecast to 1.7%
Given such adverse shocks as high inflation, rising interest rates, sluggish investment, and the Russia-Ukraine war, global growth has slowed "to the extent that the global economy is perilously close to falling into recession", Xinhua news agency quoted the report as saying.
Jan 11, 2023, 16:07 PM IST
India will have to invest significant share of its GDP to improve rural roads access: IMF
While construction costs vary by road characteristics, namely the number of lanes and type of surface and region, which means for example a third-tier all-weather road in the north may cost twice as much to build as in the south, the IMF estimated average cost per kilometre of about $509,000.
Jan 07, 2023, 15:43 PM IST
Indian economic growth to slow to 7% in 2022/23, govt predicts
India's economy rebounded after COVID-19 restrictions were eased around mid-2022, but the war in Ukraine has spurred inflationary pressures, prompting the central bank to reverse the ultra-loose monetary policy it adopted during the pandemic.
Jan 07, 2023, 07:47 AM IST
Blue, grey-collar job vacancies see 4x jump in last one year: Report
This robust demand can be attributed to the dynamic job market influenced by digitisation, automation and changing work models, said the report.
Jan 06, 2023, 20:56 PM IST
South Asian region contributes 15% to global growth, led by India and Bangladesh: RBI Guv
According to IMF, the conference, which coincided with the book launch, will provide an opportunity to discuss how South Asia can build on its development success in the aftermath of the Covid-19 pandemic and geopolitical tensions to achieve its potential.
Jan 06, 2023, 16:47 PM IST
India's services sector growth hits 6-month high in Dec on strong demand
The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Data collection began in December 2005.
Jan 04, 2023, 16:20 PM IST
Current account deficit rose to 4.4% in Q2 from 2.2% in Q1: RBI data
Underlying the current account deficit in the second quarter was the widening of the merchandise trade deficit to $83.5 billion from $63 billion in the first quarter of 2022-23.
Dec 30, 2022, 10:01 AM IST
RBI lowers GDP growth projection to 6.8 for FY23
RBI governor Shasktikanta Das said the Indian economy remains resilient and is a bright spot in a gloomy world.
Dec 07, 2022, 12:14 PM IST
World Bank revises upwards India's GDP growth forecast to 6.9 percent for FY23
In its India Development Update, the World Bank said the revision was due to the higher resilience of the Indian economy to global shocks and better-than-expected second-quarter numbers.
Dec 06, 2022, 13:29 PM IST
India registers 6.3% slow GDP growth for Q2: Govt data
The country`s gross domestic product (GDP) for the April-June quarter (Q1) of the ongoing financial year 2022-23 rose 13.5 per cent, as per provisional estimates released by National Statistical Office (NSO) on August 31, 2022.
Nov 30, 2022, 15:07 PM IST
Nearly half of Meta job cuts were in tech, reorg underway - execs say
The executives said further rounds of job cuts were not expected. But other expenses would have to be cut, they said, noting reviews underway about contractors, real estate, computing infrastructure and various products.
Nov 13, 2022, 21:07 PM IST
‘PM Narendra Modi borrowed Rs 80 lakh crore in 8 years’: TRS' BIG claim
KT Rama Rao claimed that after independence, during 67 years, the country borrowed Rs. 55.87 crores, but during Modi's rule, the debt is of Rs 80 lakh crore in eight years
Oct 29, 2022, 15:35 PM IST
Foreign trade to be a defining feature in making India a USD 30 trillion economy: Piyush Goyal
The Commerce Minister pointed out that the Indian economy grew 11.8 times in dollar terms in the last 30 years to USD 3.5 trillion today, from less than USD 300 billion.
Oct 28, 2022, 15:21 PM IST