India Economy

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

Crude economics

India needs deeper fiscal reforms

Centre and states: Sitharaman reveals 'implication' of duty cut on fuel

Decision to cost Rs 1,00,000 cr a year for central government, says Finance Minister after 'criticism/appraisal' of decision.

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

The loss to the exchequer due to the recent excise duty cuts will have to be borne through additional market borrowings, says Bloomberg.

Reserve Bank board approves Rs 30,307 cr dividend payment to govt for FY22

The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.

India's inflation set to average at 9-year high of 6.9% in FY23: Ind-Ra

The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said

Govt asks RBI to lower bond yields as inflation risks spiral: Report

The government's request could complicate the RBI's policy of withdrawing liquidity from the market, which marks a shift away from an ultra-loose monetary stance.

Stock market may see further corrections, volatility after RBI move

Money may move out of rate-sensitive stocks into the less-affected sectors

Policy normalisation is back with RBI making surprise rate hike

The rate hike was expected in June, but clearly the central bank sees inflation path as being quite ominous to trigger such an action.

RBI's surprise rate hike signals pivot to inflation management completed

The MPC has focused on preventing inflationary expectations from un-anchoring in an increasingly uncertain environment.

Core sector picks up sequentially; registers double digit growth in March

A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.

European Union, India to set up trade, technology council: EU chief Ursula

Both sides agreed that rapid changes in the geopolitical environment highlight the need for joint in-depth strategic engagement

The biter bit: The sanctions on Russia are beginning to hurt buyers now

All things considered, might it have been better and cheaper, shed less blood, and avoided a huge refugee problem if Russia had been allowed a buffer zone in Eastern Europe, wonders T N Ninan

MPC meeting minutes show controlling inflation now RBI's priority

The central bank earlier this month started to move away from its ultra-loose monetary policy.

India's macroeconomic challenges deepen

The deteriorating world outlook has added to the complexity of macroeconomic policy-making

India growth forecast cut to 8% for FY23, says World Bank

Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited

India's retail inflation rises to 6.95% in March; IIP remains muted

Food and oil prices push inflation to 17-month high

RBI monetary policy signals change in stance for June 2022

Next RBI monetary policy stance likely to be followed by shallow rate hike cycle, with the repo rate being increased by 25 bps each in August and September 2022.

RBI revises inflation and growth forecasts; holds policy rates

In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent

Looking back at GST implementation: What the future holds?

The system is stabilising and efforts for simplification and strict compliance are seen in collections.