Page 11 - Indian Economy

India Ratings revise its FY23 GDP growth forecast downwards to 7-7.2%

Ratings agency India Ratings and Research (Ind-Ra) on Wednesday revised India's FY23 forecast downwards to 7-7.2 per cent.

Too early to predict impact of Ukraine war on economy: Pinaki Chakraborty

The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said

Best of BS Opinion: Reflection of time, irreversible damage & more

Here are the best of BS Opinion pieces of the day

War in Ukraine impacting all countries like pandemic did: FM Sitharaman

Furthermore, she said that India remains as the top 5 FDI recipient countries in the world

Parliament passes Budget: FM says will ensure predictable recovery

She said the war has affected the value chains, and the world markets are caught up in a situation where nothing is normal

India got 65% more FDI during Modi regime against 10 years of UPA rule: FM

India remains in top 5 FDI recipient countries; FDI inflows 65% higher at $500.5 bn during Modi govt, says FM in Rajya Sabha

Sharp recovery in FY22 to help sustain growth: FM Nirmala Sitharaman

The reforms contributed to the real GDP growing at an annual average rate of 6.8 per cent during 2014-20, she said

Best of BS Opinion: Emerging macro instability, Fed hiking cycle, and more

Here are the best of BS Opinion pieces of the day

Emerging macro instability

Global economy is reeling from new supply shocks

Recovery tracker: Weekly gains in vehicle registration, power generation

Freight growth is higher than before

India and Russia may keep ruble out of the proposed rupee-ruble trade

Payments are likely to be settled in rupee pegged to dollar

Let's make local 'global', augment prestige of Indian products: PM Modi

The prime minister also lauded the rise in the market for Ayush products and start-ups related to it

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

India's FY23 fiscal deficit likely to hit 6.7% on free grains move

Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion

Statsguru: Six charts that show India's rich remain reluctant givers

Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors

Heavy investment needed in health, education sectors: Nitin Gadkari

Union Minister Nitin Gadkari on Saturday said there was need for heavy investment in the health and education sectors in the country.

India, at 8% growth, can double economy in 7-8 yrs: Niti Aayog VC

He said that the target of becoming a USD 5-trillion economy is not rhetoric, adding that the country is already a USD 2.7 trillion economy and it just needs to double it

India targeting over 30-odd Russian-Ukrainian markets to ship local wheat

Exporters say they aren't merely looking to serve a stop-gap requirement but want to become credible long-term suppliers

Russia-Ukraine war: RBI board discusses geopolitical impact on economy

Sources say Indian banks have small exposure to the two warring countries; but oil price surge above $100/bbl mark could impact India's current account deficit and inflation

Indian equities running a marathon; Sensex doubled despite Covid-led shock

Sensex is hovering around the 58,000-point mark after falling from a 52-week high of over 62,000 points it touched before the war between Russia and Ukraine broke out