Page 28 - Indian Economy

A broad-based Budget

Central theme must be low-skilled job creation

Biz activity dips to pre-pandemic levels amid third Covid wave: Report

The ongoing third wave of the coronvirus pandemic has dragged business activity almost back to the pre-pandemic levels, a weekly report tracking the changes said

445 Indian infrastructure projects show cost overrun of Rs 4.4 trillion

As many as 445 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.

Statsguru: Six charts show automobile sector is still not out of the slump

Maruti and Tata Motors have already announced price increases for their vehicles

India emerges as largest exporters of cucumber, gherkins in the world

India has exported cucumber and gherkins to the tune of 1,23,846 metric tonnes with a value of $114 million during April-October (2020-21)

Budget with BS, Ep 8: Start-ups, EBRs, CAIT interview, & donning many hats

BS Views of the week: India's rising unemployment rate; the missing link that could rescue Paytm

India's forex reserves up by $2.229 billion to $634.965 billion

Gold reserves rose by USD 726 million to USD 39.77 billion in the reporting week

India aiming a target of $500 billion exports for FY23: DGFT official

India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.

MSMEs have manufacturing cost advantage in global value chain: Official

There is tremendous potential for Indian MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, MSME Secretary B.B. Swain said

Offline retailers feel Omicron chill as Republic Day sale nears

Fewer trips to malls mean lower footfall and sales, resulting in higher piling of stock - and possibly higher discounts

India Ratings sees FY23 GDP growth at 7.6% on sustained govt spending

The ratings agency said it estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23

Terms of trade go against farmers in FY22 after a gap of two years

Simply put, farmers are paying a higher price for their agri inputs and for services such as health and education, as compared to the price they receive on the sale of their produce

Budget 2022: New sectors expected to get infrastructure, industry status

The Centre might bestow infrastructure as well as industry status to new sectors to boost several pandemic hit industries in the upcoming Union Budget.

FDI flows to India drop 26% in 2021: UNCTAD

Global foreign direct investment flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trn, from $929 bn in 2020, surpassing their pre-Covid level

Safety of working class critical for 'Aatmnirbhar' India: Bhupender Yadav

Bhupender Yadav said that without ensuring safety, security and welfare of the working class, the fruition of the concept of Atma-Nirbhar Bharat cannot be imagined.

Economy needs nursing; Budget shouldn't focus on fiscal consolidation: SBI

House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation

Economic recovery broadened in Q3FY22, but durability elusive: ICRA

The quarterly data suggested a modest broad-basing of the recovery in Q3 FY2022, relative to Q2 FY2022, when compared to respective pre-Covid volumes

Some sharp moves, some luck see India ride surge in global energy prices

Boom in prices has been on for over a year, may not only to sustain but become more pronounced going ahead say experts; Indian economy has felt the heat, but has so far escaped being singed

Omicron poses limited downside to India, say economists in poll

Asia's third-largest economy is in the midst of a resurgence in coronavirus cases driven by the new variant that has forced most states to impose localised restrictions