Page 3 - India Economy

India's gold output could rise multifold if hurdles removed: WGC report

The South Asian country is the world's second-biggest consumer of the metal and fulfils most of its demand through imports.

Taxing pizzas, ice cream or vehicles: GST is neither good nor simple

Separate state-wise Appellate Authority for Advance Ruling don't serve a useful purpose: there is a need for a national one.

Clear and present danger: Expensive commodities raise risk of stagflation

India's economy which is already reeling under inflationary pressure, now faces an ever increasing risk of stagflation.

India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.

Feb WPI inflation spikes to 13.11% on costlier crude; food articles soften

After two months of mild easing, WPI inflation accelerated in February and remained in double digits for the 11th consecutive month, beginning April 2021

India may grow at 7.8% in FY23 with risk tilted towards downside: Report

The country is expected to register a growth rate of 8.9 per cent in the current fiscal ending March 31

LIVE: Ukranian 'nationalists' derailing evacuations, alleges Putin

Ukrainian officials said that the continuous Russian shelling has derailed efforts to evacuate civilians from areas affected by fighting

LIVE: Ukraine no longer insisting on NATO membership, says report

Russia Ukraine live news: Zelensky accused the International Red Cross of forbidding the use of its emblem on our cars, but did not give details.

Ukraine conflict likely to affect growth: RBI MPC member Jayanth Varma

Asia's third-largest economy is projected to grow 8.9 per cent in the fiscal year ending March 31, slower than previously anticipated 9.2 per cent, according to the recent government data.

Growth in services activity picked up in Feb, inflation pressure predicted

The Services Purchasing Managers' Index, compiled by IHS Markit, increased to 51.8 in February from January's six-month low of 51.5.

India's mfg activities expand in Feb as output, new orders rise: PMI

Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said

Tracking the movements: Retail, recreation visits below pre-Covid levels

Retail and recreation visits were 0.9 per cent below levels seen in the early part of 2020, mobility data from search engine Google shows

Economic recovery uneven, govt should continue support measures: Report

Pointing out that the ongoing recovery is still uneven and not broad-based, a foreign brokerage report said the government should continue the income support measures for the affected sectors.

Uncertainties remain around India's medium-term debt trajectory: Fitch

Fitch Ratings said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory.

GDP to be just 1% above pre-pandemic level in FY22: RBI deputy governor

India's GDP will be just one per cent above the pre-pandemic level even after the estimated 9.2 per cent growth in FY22, RBI Deputy Governor M D Patra said

The inflation dilemma

Markets are in for a very bumpy ride if inflation is truly breaking out

WPI inflation eases to 12.96 pc in Jan; food prices harden

WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021.

The political risks of low interest rates are high in an election year

Since 1989, governments have risked that the benefits of higher economic growth will offset the costs of higher inflation

Centre may not go for 60% borrowing in the first half of FY23

Rethink on proportion on back of Fed tightening, high oil prices

A change of course on privatisation

The modest targets reflect a welcome embrace of pragmatism in the govt's economic policy