Page 408 - Economy & Policy News

India needs stable govt to achieve goal of 'Viksit Bharat' by 2047: FM

'We have to make efforts, so the GDP grows, and the benefits reach to all. GDP growth doesn't happen automatically; efforts are required at micro and macro levels and on the ground,' she said

India Inc's revenue growth weakest since September 2021: CRISIL report

The report is based on an analysis of 350 companies which exclude financial services and oil and gas sectors firms

Increasing global uncertainties may impact demand, India's exports: FIEO

FIEO Director General Ajay Sahai also said that India's domestic currency depreciated only about 1.3% during 2023-24 as against Chinese Yuan's 4.8%; Thai Baht 6.3% and Malaysian Ringgit's 7%

Education, wealth likely to explain fertility rates better than religion

Research also suggests that the role of religion may be more limited when compared to other factors

Export figures for FY04, FY14, and FY24 show interesting trends

A look at the destination of our exports shows that our shipments to our neighbours in South Asia at 5.8 per cent have stagnated in the past 10 years

Need to be watchful about steel imports amid surge, says T V Narendran

Steel consumption is expected to grow 8-10 per cent in the ongoing 2024-25 fiscal year, he said in reply to a separate question on demand

China's share in industrial goods imports jump to 30% from 21%: GTRI

The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said

Centre approves 99,500 tonnes of onion exports to 6 neighbouring nations

The Centre has also allowed exports of 2,000 tonnes of white onion cultivated, especially, for export markets in the Middle East and some European countries

March crude oil imports decline 1.1% to 20.69 million tonnes: Govt

Product imports in March fell 6.1% from the previous month to 3.83 million tonnes, its lowest since July 2023, while exports gained 6.4%

FPI limit in G-sec unchanged at 6% of outstanding stocks of securities: RBI

The allocation of incremental changes in the g-sec limit (in absolute terms) over the two sub-categories 'General' and 'Long-term' will be retained at 50:50 for 2024-25, it added

Wheat procurement for 2024-25 sees slight dip, but likely to pick up soon

India has targeted to procure around 37 million tonnes of wheat this year while last year the actual procurement was over 26 million tonnes

Basmati rice exports rose 22% till February FY24 on West Asia demand

Exports increased to 4.68 MMT in April-February, from 4.1 MMT during the same period, rising 14% in volume

Capex push by govt to propel GDP growth between 7.1-7.4% in FY25: NIPFP

However, the review by the NIPFP also listed compression in the government consumption expenditure and a subdued growth in private consumption as downward risks to the forecast

Economic think-tank NIPFP projects India's FY25 GDP growth at 7.1%

The economic think tank said that in 2023-24, states' capex growth is robust due to significant capex transfers from the Centre

Deloitte India pegs FY25 GDP growth at 6.6%, raises FY24 prediction

The consultancy, however, added that inflation is expected to remain above the Reserve Bank of India's target level of 4 per cent over the forecast period due to strong economic activity

India expects annual power output to grow at fastest in over a decade

India's weather office has forecast more heat-wave days than normal between April and June this year, potentially boosting power use and generation further

Deloitte projects India's FY25 GDP growth at 6.6% as exports rebound

Deloitte has revised India's economic growth prediction for last fiscal to a range of 7.6 to 7.8 per cent. In January, the firm had projected growth for 2023-24 fiscal in the range of 6.9-7.2 per cent

USTR retains India in IP watchlist, says patents of particular concern

Six other countries such as China, Russia, Indonesia, Chile, Argentina, Venezuela continue to remain in the list

Rice prices at three-month low on shrinking demand, ample supplies

Vietnam's markets will be closed from Monday through Wednesday for national holidays

US economic growth in Jan-Mar slows to a 2-year low; inflation surges

The economy grew at a 3.4% rate in the fourth quarter. The first quarter growth's pace was below what U.S. central bank officials regard as the non-inflationary growth rate of 1.8%