Page 4 - Indian Economy
What explains RBI's 'near-unanimous' inaction even as inflation was rising?
For the RBI, a correct reading of its mandate would have been that the inflation target is 4%, not 6%. And action to raise interest rates should have begun last year, writes T N Ninan
Rupee weakens against US dollar in early trade, falls 38 paise to 76.73/$
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.13 per cent lower at 103.61
Auto retail sales grow 37% in April on low Covid-hit base effect
Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period.
All indicators show that India's economy is on the growth path: Goyal
All the key indicators such as jump in exports and high GST collection in April reflect that the country's economy is on the growth path, commerce and industry minister Piyush Goyal said on Thursday.
RBI should raise rates more to fulfil inflation mandate, regain credibility
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
India's services activity at 5-month high in Apr despite inflation worries
While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.
Top headlines: Lending rates to rise, half a dozen IPOs in May after LIC
Business Standard brings you the top headlines at this hour
Real question for the RBI: When to raise the rates and by what extent
Barring external shocks of which this government has been a persistent victim since 2019, things should pan out well by April 2024
In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
Signs of better investment cycle pushes corporate profits: ICICI Securities
On an aggregate basis, corporate profits are expected to grow in a range of 15 per cent-30 per cent over FY22-FY24E with the NIFTY50 likely to grow at the lower end of the range
Take a cautious approach in launching a digital currency, says report
Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper
RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand
Here are the top headlines on Tuesday
Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report
The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI report said
11% fewer households demanded work under MGNREGA this April, shows data
In April 2021, 26.18 million households had sought work under the scheme while in April 2020, the number was 13.41 million
India's manufacturing PMI expands to 54.7 as demand picks up faster
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction
India's $5-trillion economy dream: Not before FY29, says IMF
However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29
As India's Covid-19 cases inch up, recreation and shopping visits show dip
Workplace visits increased and power generation continues to inch up, marking economic recovery
A true picture of the post-pandemic future
There are very few issues that the report has failed to mention or explore in depth
Consumer sentiments rise slowly
Wounds of pandemic-induced lockdowns on households are healing
