Page 14 - Economic Growth

Is India's economic growth really weak and could a repo rate cut boost it?

An external member of the MPC highlighted that India's economic growth is below potential, with weak consumption contributing to the slowdown

A new agenda for great power status

India needs to recalibrate its economic approach, focusing on trade, manufacturing, and the informal economy

German business sentiment unexpectedly darkens in June: Ifo Institute

The Ifo institute said its business climate index declined to 88.6 in June from 89.3 in May, compared with a reading of 89.7 forecast by analysts

'Too high real repo rate could have adverse effects on demand, supply'

Repo rate cannot affect food prices. So, keeping it above equilibrium will not lead to faster disinflation. A positive real repo rate is adequate to anchor inflation expectations, says Ashima Goyal

Entrepreneurship a viable path to economic rejuvenation: TAC Security head

Entrepreneurship presents a viable path to economic rejuvenation and a thriving entrepreneurial ecosystem can drive sustainable growth, leading cybersecurity major TAC Security founder Trishneet Arora has said. Arora believes that fostering a culture of entrepreneurship can be the key to revitalizing Punjab's economy and addressing its financial woes and the path to Punjab's prosperity lies in collaboration between entrepreneurs and the government. He envisions a synergistic relationship where the government provides the necessary infrastructure and policy support, while entrepreneurs drive innovation and growth. This partnership can create a conducive environment for businesses to thrive, ultimately benefiting the state's economy, he said. "Technology and AI have the potential to revolutionize farming in Punjab by enhancing productivity, reducing costs, and ensuring sustainable agricultural practices," Arora said. TAC Security is listed on the National Stock Exchange (NSE) and ha

MSMEs: The nuances beyond financial parameters

With the new government, the hope for a new gambit for MSMEs is a pressing priority at the moment, and any move is welcome in the wake of World MSME Day to be celebrated on June 27

Trend upshift in growth post pandemic, rises to 8% in 2021-24: RBI report

Strong revival in pvt investment imp for growth

Adani terms Cong 1991 reforms as runway, Modi's tenure as economic take-off

"If the period between 1991 and 2014 was about putting down the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off," Adani said

US Senators and corporate world bat for stronger India-US relationship

Two influential American Senators along with leaders from the corporate world have called for strengthening ties with India, including in the defence sector. We want India and the United States to be the very best of friends with the deepest relationships, Senator Steve Daines said on Monday. He was speaking at a fireside between John Chambers and Senator Dan Sullivan during the annual Leadership Summit of the US India Strategic and Partnership Forum (USISPF). I think globally it's so important here that we have clarity around who the good guys are and how we want to perpetuate these relationships and strengthen relationships. And the good guys are the United States and India, the Senator from Montana said. China is watching what we are doing with India, Daines said. Senator Dan Sullivan said a lot of these countries are motivated by historical grievances. "I think this... new era, it's really a return to the era of authoritarian aggression, is going to be with us for years and ..

India to remain fastest growing Asia-Pacific economy, says Moody's

The report also noted that India, Indonesia, and the Philippines were the key growth outperformers in the first half of the year 2024

Pak allocates Rs 3.79 trn for national development plan to boost growth

Pakistan has approved an ambitious national development plan worth Rs 3.79 trillion (USD 13.6 billion) for the next fiscal year as authorities in the cash-strapped country try to use expansionary public investment to boost growth. The decision, taken at the high-level meeting of the National Economic Council (NEC) on Monday, comes just two days before the unveiling of the budget 2024-25 on Wednesday. Prime Minister Shehbaz Sharif chaired the meeting while chief ministers of all four provinces participated in the four-hour-long meeting, the Dawn newspaper reported. The meeting approved a more than 47 per cent increase in the federal Public Sector Development Programme (PSDP) to Rs 1.4 trillion compared to the current year's Rs 950 billion. The Rs 1.4 trillion total federal PSDP would also include foreign financing of Rs 316 billion. The federal development programme goes up by 58 per cent or Rs 1.5 trillion if other Rs 100 billion public-private partnership (PPP) projects are ...

Japan's economy shrinks 1.8% in Q1, slightly less than previous forecast

The Japanese economy shrank at an annual rate of 1.8 per cent in the first quarter of this year, slightly better than the initial estimate at a 2.0 per cent contraction, according to revised government data Monday. The revision was due to private sector investments, at minus 0.4 per cent, up from the previous minus 0.5 per cent. Seasonally adjusted real gross domestic product, or GDP, a measure of the value of a nation's products and services, remained in negative territory, as exports and consumption declined from the previous quarter. Quarter-to-quarter, the economy slipped 0.5 per cent in the January-March period, according to the Cabinet Office, unchanged from last month's results. The annual rate measures what would have happened if the quarterly rate lasted a year. Wage growth has been slow, and prices on imports have risen amid a decline in the Japanese yen against the US dollar. The dollar is trading at nearly 157 yen lately, up from about 140 yen a year ago. The weak yen

New government unlikely to tweak trade policy

The Prime Minister is quite capable of managing such an outcome through negotiations and persuasion

Consumption inequality up in rural areas of 11 states in past decade: HCES

The rise in Gini coefficient was sharpest in Nagaland, followed by Jharkhand, Maharashtra, Rajasthan, Meghalaya and Chhattisgarh

RBI monetary policy: FY25 growth forecast revised to 7.2%, up from 7%

Monetary Policy Committee keeps repo rate unchanged at 6.50% for an eighth straight policy meeting

May services growth at five-month low as domestic demand weakens

HSBC India Services PMI says firms optimistic and hiring up as input costs rise

BOJ must be vigilant to yen's impact on economy, says Dy Guv Himino

However, he said it was inappropriate for central banks to directly target exchange rates in setting monetary policy

Using GST as consumption proxy

Unlike private consumption data, GST can provide real-time insights into consumption patterns, economic activity, and state-wise variations

S&P Global Ratings to observe India's fiscal consolidation for next 2 years

It could give a ratings upgrade if govt is committed to fiscal glide path

Growth momentum will continue in third term of Modi govt: FM Sitharaman

Finance Minister Nirmala Sitharaman on Friday termed 8.2 per cent GDP growth in 2023-24 as 'remarkable' and said the growth momentum will continue in the "third term of the Modi Government". Today's GDP data showcases robust economic growth with a growth rate of 8.2 per cent for FY 2023-24 and 7.8 per cent for the fourth or March quarter of FY 2023-24. "This remarkable GDP growth rate is the highest among the major economies of the world," Sitharaman said in a post on X. She said the manufacturing sector witnessed a significant growth of 9.9 per cent in 2023-24, highlighting the success of the Modi government's efforts for the sector. Many high-frequency indicators indicate that the Indian economy continues to remain resilient and buoyant despite global challenges, she added. "India's growth momentum will continue in the third term of PM Shri @narendramodi-led government," she said. The last phase of Lok Sabha elections will be held on Saturday while the results will be announced