Indian Economy

India's economy seen growing 9.2% in FY22 on upbeat rural sector: BoB

India's economy is expected to have grown at 9.2 per cent in the fiscal ended March 2022, after having contracted by 7.3 per cent in the previous financial year

FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI Ecowrap report

SBI's research report Ecowrap, in its latest edition, projected India's GDP growth for FY22 to be at 8.2-8.5%

UP gears up for 3rd ground-breaking ceremony at Global Investors Summit

Hectic preparations have begun for the Global Investors Summit in Uttar Pradesh, which will pave way for making the state a $1 trillion economy

BS Number Wise: The late and lagging government annual reports

Just over half the ministries, departments and autonomous bodies released these crucial documents for 2020-21

Rupee heading for its all-time low, likely to hit 77/$ level: Poll

Heavy dollar selling by Reserve Bank slows the pace of fall

India, European Union agree to establish Trade and Technology Council

Trade and Technology Council is being set up to provide political-level oversight into the India-EU relationship

A robust industrial recovery

Employment among industrial workers increased further by about a million in the January-April 2022 Wave

More people fly in India, recreation visits dip as Covid-19 cases slow down

Trains carried more goods and power generation increased, weekly data shows.

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Exports rise 21% to $23.7 billion during May 1 to 21, shows data

The total figure for May is likely to be realised by the commerce ministry in June

Export levy will slow down India's $5 trn economy journey: ISA President

Dilip Oomen says the levy comes at a time when the world views India as a stable policy country, a manufacturing and export hub that is closely integrating with global value chains

Bounce rate eases to 22.5% in April despite inflationary pressures

The bounce rate is always higher by volume than value as lower ticket sizes generally tend to bounce more

Govt needs to clarify whether it wants oil price control or exports

The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner

Railways may scrap new dedicated freight corridors, enhance existing ones

Railways new assessment will delay DPR of new corridors by 5 months

Heatwaves may make India's inflation problem worse, hurt growth: Moody's

Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will become more volatile

Consistent trade policy

Ad hoc tariffs and duties must be avoided

Eight years on

India must protect macroeconomic stability

Expect income tax harassment to increase over the next few months

Govt's free food package, brought into effect since Covid outbreak in 2020, and RBI's lesser-than-expected dividend for FY22 might make the govt push the taxman to further augment revenues

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

Centre reduces excise duty on petrol by Rs 8/ltr, diesel by Rs 6/ltr

Inflation bites exchequer as move will reduce FY23 revenue by Rs 85,000 cr