Page 1172 - Economy & Policy News

Real GDP to grow at around 9.5% in FY22: SBI Ecowrap

The report comes a day after the National Statistical Office (NSO) released the First Advance Estimates of National Income for financial year 2021-22

New stock, Omicron impact to arrest rising Cotton prices: Ind-Ra

New stock arrivals as well as the Omicron Covid-19 variant's expected impact on demand is likely to arrest any further rise in cotton prices during the short-term, said India Ratings and Research

Mango, pomegranate exports from India to US to start from Jan-Feb 2022

Exports of mango and pomegranate from India to the US will start from January-February to boost the country's outbound shipments of agri-products, the commerce ministry said on Saturday.

Assam govt partners with NDDB to set up Rs 2,000-cr dairy joint venture

The Assam government and National Dairy Development Board on Friday signed an agreement to create a Rs 2,000-crore joint venture for holistic development of the sector in the state

Kerala to provide investors with best facilities available in country: CM

Kerala Chief Minister Pinarayi Vijayan on Friday said the state will provide investors with facilities that are comparable to the best available in the country.

Capex set to cross pre-Covid levels; household expenditure, consumption lag

This indicates that in spite of strong recovery in 2021-22 from the contraction last fiscal year, consumption recovery among the populace is still not broad-based

Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates

The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion

The third wave in Indian aviation: A game changer for the sector globally

After soaring in its 'second wave', the sector is likely to come down to earth with saner growth, rational air fares and more professionalism

FY22 GDP estimate on expected lines, but there can be a downward bias

The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real

Farm sector set to grow at 3.9% in FY22: First advance estimates

The gross value added (GVA) in agriculture and allied activities in FY22 is slightly higher than the long-term average for the sector which is 3-4 per cent

FY22 per capita income may rise 12% over pre-Covid level: Advance estimates

In FY21, per capita income had dropped by 4% to Rs 1.29 lakh, showcasing the plight of common man who bore the brunt of lockdown and job losses

India's GDP likely to grow 9.2% in FY22: First advance estimates

According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%

Govt invites bids to set up sales network for natural gas supply

India, the world's third biggest emitter of greenhouse gases, has set a 2070 goal for net zero carbon emissions.

DGFT sets up Covid-19 helpdesk to iron out international trade issues

The helpdesk will look into issues relating to import and export licensing, documentation issues, customs clearance delays and related complexities, among others

India to overtake Japan as Asia's 2nd largest economy by 2030: IHS

Currently, India is the sixth-largest economy in the world, behind the US, China, Japan, Germany and the United Kingdom

GST shadow on Indian cryptocurrency firms; foreign platforms go free

In the absence of regulations, international crypto and NFT platforms are escaping the GST net

Tech start-up body writes to FM seeking crypto tax provisions in Budget

The letter lists nine recommendations to regulate crypto companies in the country

Invest in Kerala, CM Vijayan tells top industrialists from Telangana

Vijayan said his government has rolled out many policy reforms to facilitate responsible investment and accelerate industrial growth

Indian economy to grow 9.2% in FY22, fastest in world :Govt data

Risks to the economy stem from an Omicron-led third Covid wave, which may upend growth revival across sectors, specially the contact-intensive services industries

India's GDP may grow 9.2% in FY22: First advance estimates

Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year