Page 20 - Indian Economy

Govt aims sustained recovery; infra spends will have multiplier effects: FM

The government wants to push innovation and the support to help the startups will continue, Sitharaman added.

Services exports may reach $325 billion in fiscal year 2023: SEPC

SEPC chairman said by the end of the ongoing fiscal year, services exports would reach about $250 billion

An Egyptian statue, the hijab debate, and a case for women in public space

Studies show that tribals, Muslims and Dalits have the highest proportion of poor. Equipping women in these communities to be employed is a societal good and an economic imperative, writes T N Ninan

Retail inflation for farm and rural workers rise to 5.49%, 5.74% in January

Retail inflation for farm workers and rural labourers rose to 5.49 per cent and 5.74 per cent, respectively in January mainly due to higher prices of certain food items

Unemployment falls in UP, on the rise in Punjab and Goa, shows data

PLFS data also shows Uttarakhand and Punjab's poor performance between 2017-18 and 2019-20

Rupee gains 39 paise to 74.67 against US dollar amid Ukraine dialogue

At the interbank forex market, the local unit opened at 75.03 against the greenback and witnessed an intra-day high of 74.60 and a low of 75.05

Budgetary provisions done, no more G-sec switch in FY22: RBI

Market participants say this means comfortable cash position govt's which is also reflected in cancellation of bond auction twice in this month

Nestle India bucks rural growth trend in Q4 with 9% YoY revenue spike

Smaller contribution of 20-25% from rural sales helped; net profit down 20% due to exceptional item

Moving on from India@75 dreams

On all counts, the government's record on its five-year goal to build a new India is dismal

Did not expect this from Manmohan Singh, says FM Nirmala Sitharaman

Nirmala Sitharaman said Singh is remembered for having brought India to "fragile five" and rampant inflation during his term

'Indian investors satisfied with performance of their investments in 2021'

Encouraged by the performance of their investments in 2021, semi-urban and rural investors are willing to allocate a higher proportion of their savings to financial assets: Groww survey

The severity of India's economic crisis is evident when quantified

The real growth in average incomes is slower than that in consumption and investments, and the nominal growth in company tax collection is slower than growth in nominal incomes, data shows

Economic recovery gaining strength as India emerges out of 3rd wave: RBI

FY23 Budget proposals, recent monetary policy set tone for broad-based economic revival, says RBI

Post-third Covid wave economic reset by year-end: Finance Ministry

Manufacturing, construction to drive growth on back of PLIs & spending on infra

Manufacturing sector will need continued policy support: RBI article

The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article.

Economy may have grown 5-6.3% in Q3, likely to expand by 8.5-9.1% in FY22

Both these numbers--the second advance estimates for 2021-22 and the actual GDP growth for Q3 of the year--are slated to be released on February 28

India economy to grow at quickest pace among large nations: Finmin report

The report said the Budget 2022-23 has strengthened the direction set for India's economy by the previous year's budget

States see drop in borrowing cost as bond yields soften after RBI policy

In the auctions on Tuesday, states borrowed Rs 12,100 crore from the market compared with Rs 14,200 crore last week, with most of them opting for longer-term borrowing

Retail sales in Jan hurt by Covid curbs, at 91% of pre-pandemic level: RAI

South zone was the least impacted registering a 2 per cent decline, as compared to January 2019

The inflation dilemma

Markets are in for a very bumpy ride if inflation is truly breaking out