Page 10 - Economic Growth

India's economic growth faces two major risks and two key challenges

Having successfully tackled internal economic instability, it now faces external threats to growth

China announces more support for economy, holds back on spending package

China's economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai's benchmark gave up a 10 per cent initial gain as markets reopened after a weeklong holiday to trade just 3 per cent higher. The head of the National Development and Reform Commission said the government will frontload 100 billion Yuan (USD 14.1 billion) in spending from the government's budget for 2025 in addition to another 100 billion Yuan for construction projects. The scale of spending overall was well below the multi-trillion Yuan levels that analysts said might be expected. The NDRC's chairman, Zheng Shanjie, said China was still on track to attain its full-year economic growth target of around 5 per cent. But he acknowledged the economy faces difficulties and an increasingly more complex and extre

RBI monetary policy preview: Expecting more nimble and prudent guidance

CPI-based inflation is expected to broadly align near the RBI's projection of 4.5% in 2024-25, despite perishable food price shock due to repeated weather aberrations

Committed to structural reforms in third term, says PM Narendra Modi

Modi confident India will continue to grow at more than 7%

CM Naidu calls for 15% growth target, slams previous govt's policies

Naidu further stated that the government's primary responsibility is not only to provide welfare measures but also to increase the incomes of the people

Monetary policy needs recalibration due to domestic reasons, not the Fed

Early reports suggest softer consumer demand at the beginning of the festive season, with discounts and incentives offered by automakers and online platforms to boost sales and clear inventory

Fiscal deficit in April-August at 27% of full-year target: Govt data

The fiscal deficit-the gap between expenditure and revenue-was 36 per cent of the budget estimates for the corresponding period last year

Managing inflation: RBI's MPC has faced external challenges since inception

It is important to ensure that headline inflation is aligned with the target, which will further enhance the credibility of the FIT framework

Economic firepower is fine, but let's give the 'bazooka' a break

The package rolled out Tuesday was noteworthy in content and delivery. Markets were enthusiastic, at least for a day

PBOC lowers interest rates, injects liquidity into the banking system

People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5 per cent reserve ratio.

Indian economy to grow at 6.5-7% in FY 2024-25 on steady state basis: CEA

Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran, on Friday said that the Indian economy is expected to grow at a rate of 6.5-7 per cent in the current financial year on a steady state basis. He said the growth rate is commendable given the current global scenario. Speaking virtually at an event organised by the Bengal Chamber of Commerce and Industry (BCCI), Nageswaran said that while the economy will grow at 6.5 per cent in real terms, the nominal rate of growth will be 11 per cent, taking inflation into account. "The Indian economy is poised to remain the fastest growing in the current financial year with a growth rate of 6.5-7 per cent on a steady state basis. This is a very good achievement in the current global context," Nageswaran said. He said that while the world is facing medium-term uncertainties with global trade slowing to a crawl, post-COVID recovery in India is now cemented due to calibrated fiscal and monetary policies pursued by the ...

Bangladesh economic growth threatened by rapidly depleting water resources

Groundwater in the climate-vulnerable country is depleting faster than ever before, according to new research from WaterAid

Slowing Indian economy to drag APAC's growth in 2025: Moody's Analytics

S&P expects RBI to cut rates next month

Time for private investment is now; delays risk economic competitiveness

Despite softening inflation, the degrees of freedom for the central bank to reduce interest rates might decrease, due to higher government borrowing to keep pump-priming the economy

Growth, revenue, deficit: Delhi's economy under two Chief Ministers

How Sheila Dikshit and Arvind Kejriwal have shaped the national capital's development

India to become third-largest economy by 2030-31, says S&P Global

The country is forecast to grow at an annual rate of 6.7 per cent

Best of BS Opinion: Challenges for a transitioning power and more

Here is the best of Business Standard's opinion pieces for today

India's foreign policy dilemma: Balancing global ambitions & domestic needs

India's growing global role clashes with its domestic challenges. Navigating foreign policy requires a balance between global responsibilities and the imperative of social and economic development

Climate crisis may push 40 mn more children into severe hunger: Report

The annual report of Bill & Melinda Gates Foundation projects that climate change could result in an additional 28 million children suffering from wasting by 2050

Why is FDI important for India's economic growth and development process?

To get a 10x gain in FDI, we need to solve the deeper issues. The problems in India are reminiscent of those seen in China, on a smaller scale