Page 417 - Economy

Strong capex, domestic demand behind India's growth performance: IMF

Finance Minister Nirmala Sitharaman, in the interim budget, proposed to raise the capital expenditure target by 16.9 per cent to a record Rs 11.11 trillion for FY24-25

Infrastructure output in March rises 5.2%, cement production up 10.6%

Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity

Indian economy likely to grow 7% in FY24 amid benign global outlook: NCAER

The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 6.5 per cent

Lucknow, Ghaziabad and Noida to be developed as 'financial cities'

The new township policy, integrated township policy and affordable housing policy are pitched as the key enablers of these targets

India's oil import bill could swell to $101-104 billion in FY25: ICRA

A $10 per barrel uptick in average crude oil price for this fiscal pushes up the net oil imports by $12-13 billion during the year, according to ICRA

UPA tenure lost decade, India's growth not arithmetic inevitability: FM

Chidambaram recently told PTI that India will become the third-largest economy in the world regardless of who becomes the PM

RBI launches two key surveys to get inputs for upcoming monetary policy

It also seeks quantitative responses on current, three months ahead and one-year ahead inflation rates

Exporters urge government to extend interest equalisation scheme

In a statement, the apex body for exporters, Federation of Indian Export Organisations (FIEO), on Monday said that the scheme provides competitiveness to Indian exports, particularly to MSMEs

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