Page 12 - Indian Economy

RBI central board discusses impact of geopolitical crises on Indian economy

The 594th meeting of the Central Board of Directors of RBI was held on Friday at Bengaluru under the Chairmanship of Governor Shaktikanta Das

Indian states and their propensity to exaggerate their GSDP numbers

The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat

India's job crisis 'biggest challenge, biggest opportunity': Naushad Forbes

India has an unemployment, quality of jobs and quality of income challenge, data show. Unemployment in India stood at 8.1% in February 2022, per Centre for Monitoring Indian Economy (CMIE) data

Two years of Covid: Metals get their shine back as demand fuels rally

According to CRISIL Research, base metals are currently at their highest levels since 2008, while steel prices in Europe are at an all-time high

India's 2022 GDP growth downgraded to 4.6% due to war in Ukraine: UN report

The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open market

Beyond $400 billion

Exports need policy support

Employment rose by 22% in 7 years since 2013-14: Union Labour Minister

The minister also said that 27 crore informal workers have been enrolled on the e-SHRAM portal during the last six months

Riding out the storm

External shocks and stagflation risks require optimal policy responses

India bond yields rising slower than most economies, but not for long

Analysts expect bond yields to go up faster in the new financial year amid inflationary pressure

Two years after Covid, Indian economy hopping from one crisis to another

While the economy was mending its way up, the second wave beginning March 2021 led to loss of many more lives and further deceleration of growth momentum.

Commerce ministry to extend foreign trade policy for some more months

Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.

Challenges due to Russia-Ukraine war may lead to trade disruptions: Goyal

About the new SEZ law, he said that the ministry will start consultations with stake holders from the next month

Time to open economy but cautiously: Centre tells states and UTs

In view of a decline in Covid-19 cases, the Centre on Wednesday asked states to follow a risk assessment-based approach on the opening of economic and social activities

India's economic recovery holds steady as Ukraine war clouds outlook

India's services and manufacturing activity held steady in February, even as the war in Ukraine clouds the outlook for prices and growth in the consumption-driven economy

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

India's privatisation in monochrome

The book presents a detailed chronological timeline of privatisation in the country

Fitch slashes FY23 India growth forecast to 8.5% on high energy prices

Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said. It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent. "However, we have lowered our growth forecast for FY 2022-2023 to 8.5 per cent (-1.8 pp) on sharply higher energy prices," Fitch said while revising up its inflation forecasts. In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation. "The war in Ukraine and economic sanctions on Russia have put global energy supplies at risk. Sanctions seem unlikely to be rescinded a

RBI continues to support growth, rupee: Governor Shaktikanta Das

India comfortably placed to deal with spill-overs from Ukraine crisis, says Das

One nation one software

Transforming property registration to unlock economic growth the way the NGDRS has done holds promise for similar cooperation in other areas