Tag: Indian Economy

Strong Indian economy continues to lead global growth: IMF

Washington: India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said today, as it suggested the country to take steps towards more structural reforms. “India now contributes, in purchasing power parity measures, 15 per cent of […]

  • Tuesday, 29 June 2021
Op-Ed: The Common Man Has Given A Resounding Thumbs Down to DeMo

Utterances by politicians – and economists – on the second ‘death anniversary’ of the Rs. 1000 note have been on predictable lines. Depending on which side of the political divide they are, these wise heads have either been heaping praise on the Modi government for this ‘bold’ move that allegedly marked a ‘turning point’ in […]

  • Thursday, 10 June 2021
Who Cares for the Budget?

The preparations at the government level begin months before. But the obsession in the media sets in just about a fortnight ahead of D Day (‘B Day’ would be more appropriate though). Edit pages of newspapers – and not just of the ‘Pink’ variety – are full of articles by ‘experts’ pontificating on what the […]

  • Thursday, 10 June 2021
Retail Inflation Cools To 3-Month Low Of 4.29% In April
Retail Inflation Cools To 3-Month Low Of 4.29% In April

The rate of price rise in the vegetables basket was (-) 14.18 per cent on an annual basis, sugar and confectionery (-) 5.99 per cent and cereals (-) 2.96 per cent.

  • Wednesday, 12 May 2021
RBI Announces Loan Recast For Individuals, Small Borrowers
RBI Announces Loan Recast For Individuals, Small Borrowers

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…

  • Wednesday, 05 May 2021
US-China trade war to boost Indian economy: UN study

Geneva: The trade war between the US and China is expected to boost the Indian economy with a rise of 3.5 per cent in exports while the EU will be the biggest winner, taking home $70 billion in additional trade, according to a UN study. Amid tit for tat tariff hikes between Washington and Beijing, […]

  • Tuesday, 04 May 2021
Several economic promises of BJP too tall: Experts

New Delhi: Bharatiya Janata Party’s promises on the economic front mentioned in its manifesto including the investment of Rs 100 lakh crore in infrastructure over the next five years and pension to marginal farmers seem over-ambitious, experts said. The promises if implemented would have a huge impact on the country’s exchequer, they said. The slow […]

  • Sunday, 02 May 2021
India may witness longer slowdown as oil imports, consumption decline

New Delhi: In a sign that slowdown in the Indian economy may be long drawn, a government report has projected a modest 3.5 per cent growth in oil imports this year. Considering that India imports more than 80 per cent of its oil requirements, slow growth in imports signals tepid demand and consumption. According to […]

  • Saturday, 01 May 2021
Indian economy grew 7.2% in 2018-19, likely to top at 7.5%: World Bank

New York: As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports Indias economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8 per cent growth during the period. The Bank’s Economic Prospects Report released on Tuesday forecast India’s economy to […]

  • Friday, 30 April 2021
Nirmala Sitharaman
Finance minister to do a tightrope walk in Budget 2019-20

New Delhi: A mini-stimulus to take the economy out of five-year low alongside giving some tax relief to common man may be on the cards, as Finance Minister Nirmala Sitharaman does a tightrope walk balancing the needs of the economy and fiscal constraints in her maiden Budget. The Budget to be presented on Friday is […]

  • Wednesday, 28 April 2021
Modi says will invest Rs 100 lakh cr in infra, USD 5 trn economy target achievable

New Delhi: Prime Minister Narendra Modi on Thursday said his government will invest a massive Rs 100 lakh crore on developing modern infrastructure that will aid in nearly doubling the size of the Indian economy to USD 5 trillion in the next five years. Addressing the nation from the ramparts of the Red Fort here […]

  • Tuesday, 27 April 2021
Centre in consultation with several sectors: Nirmala Sitharaman

Chennai: Finance Minister Nirmala Sitharaman on Sunday said that the government is consulting several sectors of the economy and the recent announcement are result of such consultations. Speaking to reporters here days after the mega bank mergers, Sitharaman said that she was ready to talk to representatives of every sector whoever approached her. She said […]

  • Monday, 26 April 2021
Most Indians feel economy rigged to favour powerful: Survey

New Delhi: While 40 per cent Indians believe that our society is broken, a massive 69 per cent feel that the economy is rigged to favour the rich and powerful, a new survey said on Thursday. Nearly 68 per cent Indians also feel that the traditional parties and politicians do not care about them, revealed […]

  • Monday, 26 April 2021
Aug Retail Inflation Up At 3.21% On High Food Prices

New Delhi: Higher food prices pushed up India’s August retail inflation to 3.21 per cent from 3.15 per cent in July, official data showed on Thursday. However, the Consumer Price Index (CPI) in August was lower than the corresponding month of the last year when retail inflation stood at 3.69 per cent. According to the […]

  • Sunday, 25 April 2021
It's A Sign That You're Hiding Real Data: Rajan On Goyal Faux Pas

New Delhi: Commerce Minister Piyush Goyal’s “gravity” gaffe refuses to die down. Former RBI governor Raghuraman Rajan on Friday launched a scathing attack on Goyal dissecting every word of his remark and saying that he fails to understand the “gravity” of economic slowdown. “When you don’t understand the #GRAVITY of the economic slowdown, the words […]

  • Sunday, 25 April 2021