Page 295 - Economy

Moody's says Indian economy in 'sweet spot,' predicts 2024 growth of 7.2%

India's real GDP expanded 6.7 per cent year-on-year in the June quarter of 2024, driven by a revival in household consumption, robust investment, and strong manufacturing activity

India Inc capex slows down marginally to Rs 9.4 trn in FY24: Care Ratings

This is mainly because of poor data for Q1FY25 due to election-related restrictions and uncertainties

Exports, domestic demand to drive pharma revenue growth: SME Tracker

SMEs manufacture and market formulations based on less complex molecules, given their higher exposure to generic products

Nigeria, Guyana visits: Stronger oil trade tops PM Narendra Modi's agenda

Nigeria among India's top crude suppliers; OVL eyes offshore Guyanese blocks

Dollar gains strength, poised for biggest weekly gain as rate cut hopes dim

A key pillar of support for the dollar has been the expectation that higher inflation under Trump will mean the Federal Reserve has less room to cut interest rates

Gold nears two-month low, headed for worst week in over three years

Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week

Forex reserves decline $6.47 bn in a week to $675.65 bn, shows data

In the previous reporting week, the forex reserves had dropped by $2.675 billion to $682.13 billion

Unilateral trade measures in name of climate action 'discriminatory': India

India further said unilateral trade measures discriminate against countries seeking to industrialise through export-led growth by raising the cost of exports

Imports from UAE surges 70% in October to $7.2 billion, shows data

The trade deficit during the seven-month period has widened to $17.71 billion from $6.85 billion in the same period a year ago

Moody's says Indian economy in sweet spot, forecasts 7.2% growth in 2024

The agency said sporadic food price pressures continue to inject volatility in the disinflation trajectory

Oilfield amendment bill to provide policy stability: Hardeep Singh Puri

The Oilfields (Regulation and Development) Amendment Bill, 2024 was introduced in the Rajya Sabha in August and is likely to be approved in the ensuing winter session of Parliament later this month

India's oilmeal exports up 5% in Oct; rapeseed meal shipments decline

The Solvent Extractors Association of India (SEA) said in a statement that rapeseed meal exports dropped to 1.60 lakh tonnes in October from 1.69 lakh tonnes a year ago

Why India must mind the financial impact of hosting Olympic Games

All summer games held between 1960 and 2024 had significant cost escalations for host countries

RBI asks shadow banks to give information on supply-chain financing

NBFCs may have to rework credit service typically used by small businesses

India's pollution soars as does fossil fuel use, climate fight gets tougher

The Global Carbon Budget 2024 study says fossil-related carbon dioxide emission in India is projected to rise by 4.6 per cent this year in line with rapid economic growth

India-US trade not hit by regime changes: Commerce Secretary Sunil Barthwal

Since 2001, the US has shown a steady and growing demand for goods from India, with imports rising significantly

US crude production may rise and ease prices, says Hardeep Singh Puri

Government hoping to pass Oilfield Amendment Bill in upcoming winter session of Parliament, oil minister says

Deposit growth equals credit in November 1 fortnight, shows RBI data

Credit growth has exceeded deposit growth since the fortnight ended March 25, 2022, leading to a widening gap that reached as much as 700 basis points

India's merchandise exports surge 17% in Oct, fastest pace in 28 months

Trade deficit widens to $27 bn as imports hit a high

Govt's small savings collection may not exceed July BE of Rs 4.2 trillion

Shift to new tax regime, steady rates affect collections