The ratings agency said it estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23
India is parched for capital expenditure, and its trade deficits are ballooning, particularly with China. Every new investment is a victory of sorts for policymakers
Mumbai's positivity rate rises to 24.38%; Delhi's positivity rate at 26.22%
It is widely accepted that the Omicron spread would impact the ongoing quarter but it would be much softer than that of the second wave on the first quarter of the current fiscal
In this decade, India will lead the global growth rates, said Tata group Chairman N Chandrasekaran
Budget must focus on recovering lost ground
Daily new cases of coronavirus in the country have gone up from about 6,500 two weeks ago to more than 170,000 now.
The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion
Risks to the economy stem from an Omicron-led third Covid wave, which may upend growth revival across sectors, specially the contact-intensive services industries
Business Standard brings you the top headlines on Friday
Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year
Rising cases of the Omicron variant of Covid-19 and the subsequent curbs will have an adverse impact on India's Q4FY22 GDP, said India Ratings and Research (Ind-Ra).
For a growth of eight per cent and above, he said, the country needs a huge investment in the economy
2022 will mark a return to more familiar patterns of growth and the beginning of a new round of innovation for all players in the financial system
Centre's fiscal deficit touches 46.2% of annual target till November-end
The poll is based on responses of about 100 CEOs
Gross domestic product will likely expand 9.4% this fiscal, according to the median estimates of the latest survey.
The economy grew 8.4% in Q2, higher than the MPC's expectations of 7.9%
In absolute terms, purchase of valuables was just Rs 17,012 crore during the Q1, FY22
The country's gross domestic product (GDP) is likely to grow more than 9.5 per cent in fiscal 2021-22, an SBI research report-Ecowrap said.