India's economic growth rose to 13.5 per cent in the first quarter of the current fiscal (2022-23), a huge jump from 4.1 per cent growth recorded in the final quarter of 2021-22.
New Delhi: The Indian economy is expected to grow at 7.4 per cent in the current fiscal and its GDP growth will rise to 7.6 per cent in 2019-20, before tapering down to 7.4 per cent in 2020-21, according to a UN report released on Wednesday. The report United Nations’ World Economic Situation and Prospects […]
New Delhi: India saw a 29 per cent increase in online festive sales in September, setting a year-over-year (YoY) record, Oath, a Verizon subsidiary, announced on Monday. At 42 per cent, electronics led as the top-selling category online, with smartphones and headphones as top buys. Popular smartphone brands in India included Redmi, MI, Samsung and […]
New Delhi: Seven major ports of the country, including Paradip, Chennai, Cochin and New Mangalore, recorded a growth rate of 3.24 per cent during April-September 2017, an official statement said on Wednesday. The ports recording a growth of 3.24 per cent together handled 326.4 MT cargo during the April-September 2017 period as against 316.1 MT […]
New Delhi: Industry body Confederation of Indian Industry (CII) on Thursday predicted that India’s economic growth rate for 2017-18 will range between 7.5 and eight per cent. According to newly elected CII President Shobana Kamineni, key reforms such as the introduction and implementation of the Goods and Services Tax (GST) system will be a growth […]
Mumbai: The GST implementation was a “monumental reform” which had disruptionist impact on growth only for two quarters, Finance Minister Arun Jaitley said Sunday, hitting out at “critics and cynics” who blame it for hurting the GDP expansion. The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for […]
New Delhi: Despite a large growth in digital payments after demonetisation of Rs 500 and Rs 1,000 notes in 2016, cash is “deeply embedded” in the payment system in India, according to a new report from the Reserve Bank of India. At 11.59 per cent of Gross Domestic Product (GDP) India had a high cash […]