Page 418 - Economy

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%

Global economy to continue solid momentum for rest of the year: Survey

A 60% majority of economists, 98 of 162, said the global economy this year was more likely to grow faster than they expected than undercut their predictions

India remains among challenging economies in IP protection, enforcement: US

USTR said over the past year, India has remained inconsistent in its progress on intellectual property (IP) protection and enforcement

World Bank, IT ministry to come up with state-level DPI adoption index

'The state-level DPI index will help analyse gaps to strengthen the digital economy, support financial inclusion and increase public-private innovation'

Business leaders urge Pak PM Shehbaz to initiate trade talks with India

There was a sense of concern among the business leaders over the political instability in the country for which they even advised the Prime Minister to take initiative as the head of the government

Tax dept extends deadline for charitable trusts' registration till June 30

CBDT had earlier extended the due date for filing Form 10A, Form 10AB till September 30, 2023

Above-normal monsoon likely to ease food prices: Finance ministry

FinMin report says rupee expected to remain within comfortable range

Engineering goods exports up 10.7% in March to $11.28 billion: EEPC

Exports have been dented by a slowdown in global demand, the ongoing Russia-Ukraine war and the Red Sea shipping crisis brought on by conflict in the Middle East, exporters said

Despite uncertainties, services exports grow 11.4% in 2023: UNCTAD report

Commenting on India's services exports, an industry expert said that the export of IT and IT-enabled services and travel is going strong

Monsoon forecast bodes well, may ease inflation concerns, says report

India's food inflation, which accounts for nearly half of the overall consumer price basket, rose 8.52 per cent in March, compared with a 8.66 per cent rise in February

Intellectual property and competition law: Two sides of the same coin

The two codes are crucial for safeguarding public interest and fostering economic growth with innovation

DMRC vs DAMEPL: SC broadens scope of court intervention in arbitral awards

A perusal of the judgment in DMRC vs DAMEPL would show that the SC has interpreted the terms of the contract and that too, in its curative jurisdiction

As India develops, high food inflation will get less severe: Ashima Goyal

Replying to a question on India's current macroeconomic situation, Goyal said conditions have been created for sustainable and inclusive growth

47% of Indian women face challenges in getting credit: Tide report

The report further claimed that the 95 per cent of women said that they are unaware of existing government financial schemes or initiatives to leverage for their business