Page 14 - Indian Economy

India's big problem

Unemployment continues to worry

Increasing inflation risks

Global uncertainty will weaken recovery

India's exports rise 25% YoY in February; trade deficit at $20.8 billion

Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago

Retail inflation hits 8-month high in February, inches up to 6.07%

WPI inflation rises to 13.11%

Recovery tracker: Workplace visits continue to rise as Covid-19 cases drop

Power generation trends higher, airlines see more passengers

GoI tracks the money trail: How PFMS will pull plug on spending slippages

The updated Public Financial Management System will complete one year in operation on March 31, but challenges to full integration remain

Current WPI series to be scrapped, new one with 2017-18 as base yr on cards

Approval of various committees being sought before the new series is released

Will a services exports-driven economic growth strategy work for India?

While Covid hit services exports harder than manufacturing, the share of the former in global services exports seems to support the call experts have made in favour of the sector

Indian economy progressing well; high oil prices pose risks: Ashima Goyal

India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit

The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold

Surge in global energy prices will hurt India, says IMF MD Georgieva

India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva

Govt in talks with sectors impacted by ongoing Russia-Ukraine conflict

An industry official said that as far as manufactured goods are concerned, Indian exporters can have an advantage over the supplies from Russia to European nations

India and Canada set to relaunch free trade agreement talks

During April 2021-January 2022, Indian exports to Canada increased to $3 billion, up almost by a fourth as compared to a year ago.

Budget assumptions prudent, will help macro-fundamentals to hold-up: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.

Factory output grew by just 1.3% in January despite favourable base

Omicron-led lockdowns across the country reduced demand for goods and services

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

India's GDP growth expected at 7.8% in fiscal 2023, says Crisil

India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.

Morgan Stanley expects India's CAD to widen to 10-year high

Morgan Stanley expects the April RBI policy to mark the process of policy normalisation with a reverse repo rate hike.

Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings

S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.