Page 27 - Indian Economy

Budget 2022-23: Higher allocation in infra sector to fuel economic recovery

Brokerages expect government spending on infrastructure to continue in FY23 with sizeable growth in capital expenditure in roads, highways, railways, defence, and housing sectors

Budget 2022: Infra to real estate, what brokerages predict for key sectors

The key sectors to look out for will be infra, services (travel), auto, cement, metals, real estate, financials, and capital goods

Union Budget for FY23 likely to aim at boosting growth: BoB eco report

The Union Budget for the 2022-23 financial year will aim at boosting growth, achieving fiscal consolidation and driving consumption, Bank of Baroda (BoB) said in its latest economic research report.

Former finance secy Subhash Garg turns author; book to hit stands in Feb

Former finance secretary Subhash Chandra Garg will soon make his debut as an author with upcoming book, "The $10 Trillion Dream"

RBI 'behind the curve' critique: Dy Guv says 'approach has served us well'

Deputy Governor Michael Patra on Friday said "the approach has served us well".

How will $120 crude oil price spoil India's budget math?

The tension between Russia and the Western world over the Kremlin's military build-up on the Ukrainian border pushed oil price to $90 a barrel. What does it mean for the Indian economy?

India's high foreign exchange reserves not enough to shield rupee

A sharp rise in oil import bill has led to a big decline in forex reserves to imports in FY22

Budget should focus on bridging widened inequality in economy: Ex-RBI Guv

The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday

Economic Surveys way off mark in projecting outlook in recent years

Many of their ideas, such as DBT, diesel deregulation, bad bank, flexible inflation targeting have been launched, some of them partially; others such as UBI, printing more money haven't taken off

Farm-loan waiver, tax cuts, fiscal prudence: Expectations from Budget 2022

With five state elections in the coming months - Uttar Pradesh and Punjab being the major ones - some populist measures are also not ruled out, analysts said.

BS Number Wise: A measure of the economy: companies and capex

When demand is uncertain, the biggest private enterprises seem better able to build factories, expand resources and create jobs

Risks to recovery

Global economy will increase policy complications for India

A united India can tackle any challenge: President Ram Nath Kovind

President Kovind's last Republic Day speech in this tenure, which ends later this year, was a tribute to those who battled Covid and also those who lost family to it

Omicron effect: IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

On a calendar year basis, it projected India's GDP growth at 8.7 per cent in 2022 and 6.6 per cent in 2023

Ambition to reality

Govt's high expectations from electronics exports need work

IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

The International Monetary Fund (IMF) has cut India's economic growth forecast to 9 per cent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of a spread of new variant of coronavirus on business activity and mobility. In its latest update of World Economic Outlook on Tuesday, the Washington-based international financial institution, which had in October last year projected a 9.5 per cent GDP growth for India, put the forecast for the next fiscal FY23 (April 2022 to March 2023) at 7.1 per cent. The Indian economy had contracted by 7.3 per cent in the 2020-21 fiscal year. The IMF's forecast for the current financial year is less than 9.2 per cent that the government's Central Statistics Office has predicted and 9.5 per cent that the Reserve Bank of India has estimated. Its forecast is lower than the 9.5 per cent projection by S&P and 9.3 per cent by Moody's but more than the 8.3 per cent ...

'Off to Canada to get whatever': India's jobs crisis frustrates its youth

India's unemployment is estimated to have exceeded the global rate in five of the last six years

Centre's vision document sees 10x rise in electronics exports by FY26

Will need mobile device players and Apple Inc vendors to meet the target

Indian start-ups feel the heat of global technology-driven sell-off

Shares of the handful of start-ups listed on the domestic bourses have come off sharply from their record highs

Make 'vocal for local' a national movement: Goyal tells girl innovators

Piyush Goyal told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country.