Page 8 - Indian Economy
Modi govt bringing economic, social revolution in country: CM Bommai
Karnataka Chief Minister Basavaraj Bommai on Saturday said that the Narendra Modi government is bringing an economic and social revolution in the country.
 "Modi govt bringing economic, social revolution in country: CM Bommai")
'Normal' monsoon this year expected to douse some inflationary flames
Healthy and well-spread rains will repose faith in the country's economy which faces ever increasing risk of 'Stagflation' due to high global commodities' costs.
 "'Normal' monsoon this year expected to douse some inflationary flames")
IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%
Its FY23 projection would still be better than many
 "IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%")
Indian economy looks better than others, but don't raise a cheer just yet
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI
India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said
 "FDI likely to touch $100 billion in 2022-23: Industry chamber PHDCCI")
'India on track to becoming $5-trn economy': FinMin on tax revenue mop-up
Prime Minister Narendra Modi in 2019 envisioned making India a USD 5 trillion economy and a global economic powerhouse. The Indian GDP is estimated to be around USD 3 trillion in 2021-22
 "'India on track to becoming $5-trn economy': FinMin on tax revenue mop-up")
India's macroeconomic challenges deepen
The deteriorating world outlook has added to the complexity of macroeconomic policy-making
 "India's macroeconomic challenges deepen")
Experts see four rate hikes in FY23, beginning June: BS Poll of economists
Nearly 7% retail inflation in March may spur policy tightening
 "Experts see four rate hikes in FY23, beginning June: BS Poll of economists")
World Bank cuts India's FY23 GDP growth forecast to 8% from 8.7%
In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the bank said
 "World Bank cuts India's FY23 GDP growth forecast to 8% from 8.7%")
Exports up nearly 20% to $42 bn in March; trade deficit widens to $18.5 bn
While total exports during 2021-22 increased to a record high of $419.65 billion, imports too soared to $611.89 billion, leaving a trade gap of $192.24 billion
 "Exports up nearly 20% to $42 bn in March; trade deficit widens to $18.5 bn")
See pvt-sector capex picking up in H2FY23: CEA V Anantha Nageswaran
"Bank credit is beginning to pick up, especially in the micro, small and medium enterprises sector," Chief Economic Advisor (CEA) V Anantha Nageswaran said
 "See pvt-sector capex picking up in H2FY23: CEA V Anantha Nageswaran")
Spiralling prices of essentials, fuel strain household budgets across India
While the prices of vegetables and several other food items have gone through the roof, the rates of petrol and diesel have increased by about Rs 10 per litre each in the past one month.
 "Spiralling prices of essentials, fuel strain household budgets across India")
Unemployment rate falls, from grace
The decline in the LPR reflects the inadequacy of the growth in employment opportunities
Moody's maintains 'stable' outlook for Indian banks on recovering economy
It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks
 "Moody's maintains 'stable' outlook for Indian banks on recovering economy")
Govt likely to wait until ceasefire to announce Russia payments deal
An inter-ministerial group headed by the finance ministry has been meeting regularly for over a month to analyse and discuss payment mechanisms that can work under the current circumstances
 "Govt likely to wait until ceasefire to announce Russia payments deal")
Experts list out triggers to drive Indian markets in holiday-shortened week
Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday
 "Experts list out triggers to drive Indian markets in holiday-shortened week")
Govt spent nearly Rs 100 trn on development, social sector schemes in 8 yrs
The numbers posed by the former finance minister fall way short of the mark as development expenditure was nearly four times
 "Govt spent nearly Rs 100 trn on development, social sector schemes in 8 yrs")
Top headlines: India Inc divided over new apps, tax revenues at record high
Business Standard brings you the top headlines this morning
 "Top headlines: India Inc divided over new apps, tax revenues at record high")
Monetary policy review: We want to withdraw ultra-accommodation, says RBI
We are watchful and the situation is dynamic and fast changing and all our actions will be tailored accordingly, says Shaktikanta Das
 "Monetary policy review: We want to withdraw ultra-accommodation, says RBI")
Monetary policy: RBI shifts gaze to inflation from growth after 2 years
Sets stage for rate hikes after June policy amid high oil prices, yields
 "Monetary policy: RBI shifts gaze to inflation from growth after 2 years")
