Page 27 - Economic Growth

China's trade tumbles sharply in Dec, clouds 2023 growth outlook

Exports contracted 9.9 per cent year on year in December, extending a 8.7 per cent drop in November

Top headlines: World Bank cuts economic growth forecast, DESH Bill deadlock

Business Standard brings you the top headlines at this hour

This Budget's focus should be on expenditure, not taxation: Pronab Sen

Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now

No K-shaped recovery in India, pandemic 'leveler' to reduce inequality: SBI

Economists at the country's largest lender SBI on Monday dismissed the 'K-shaped recovery' critique, saying the pandemic was a 'leveler' which helped in reducing inequalities. They said government transfers to the poor alone are adding up to Rs 75,000 per household per annum. It can be noted that in the months following the outbreak of the COVID-19 pandemic, concerns were being raised about deepening inequalities in India, with some calling it as a 'K-shaped' recovery, where rich emerged richer while the poor slipped down further. After analysing data and studies, the SBI economists said, " in hindsight, the pandemic may have been a leveller in terms of inequality with the poor getting protected through measures such as food transfers." It said India has delivered a sharp recovery after the pandemic and acknowledged that critics are still quoting it as a K-shaped recovery for India. " It is true that the strong rise in financial assets resulted in an increase in inequality in 2021

Freebie culture hurting economic growth, must end: L&T chairman A M Naik

Developing infrastructure should be the govt's top priority, says L&T chairman

Price stability top priority for South Asia: RBI governor Shaktikanta Das

'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das

PM Modi to chair second National Conference of Chief Secretaries in Delhi

The three-day Conference, from 5-7 January, will focus on achieving rapid and sustained economic growth in partnership with the States

Opportunities and choices in the Budget

Fiscal consolidation is needed if India is to seek sustainable private sector-led growth

Infra brushstrokes for the Budget

There are seven key areas that the FY24 Budget needs to address to re-energise the infrastructure sector

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

Business Standard brings you the top headlines at this hour

Investors must have moderate return expectations in 2023: Nippon India exec

Earnings could be challenging as global economic growth is weakening, says Sailesh Raj Bhan

Indian stocks top Asian markets, strong economic growth fuels hope

Next year's optimism for India is driven by strong corporate earnings, a post-pandemic retail boom and an economy set to grow by 6% in the next fiscal year

Revisiting international trade's role in domestic development

Unlocking trade-enabled economic development alongside tenets of development including gender equity, income inequality, infrastructure, and other SDGs is very much possible

Austria's economy expected to face stagnation in 2023 amid energy crisis

With the projected stagnation in 2023, the country's economy is expected to return to significant growth of 1.8% in 2024

ADB keeps India's GDP growth unchanged at 7% for current financial year

Asian Development Bank (ADB) has kept its outlook for India's economic growth unchanged at 7 per cent for the current fiscal year while forecasting a weaker-than-previously expected pace for developing Asia. ADB's 7 per cent growth projection for fiscal 2022-23 (April 2022 to March 2023), unchanged from its September forecast, compares to 8.7 per cent GDP growth in 2021-22. For 2023-24, the GDP growth has been kept unchanged at 7.2 per cent. The Manila-based ADB in a report on Wednesday saw Asia expanding 4.2 per cent this year before accelerating to 4.6 per cent in 2023. These projections compare to the previously estimated expansion of 4.3 per cent and 4.9 per cent, respectively. "Despite recent global headwinds, the Indian economy is expected to grow by 7.0 per cent, as projected in the Update, supported by a strong domestic base. "While some recent high-frequency indicators are more favourable than expected -- notably consumer confidence, electricity supply and purchasing ...

We see trade with India growing two-fold in next 5 years: Ontario minister

In a Q&A, Victor Fedeli says several top Indian companies are continuing to build their presence in the Canadian province despite concerns of tighter global financial conditions

Climate issues, economic growth solutions sought from India G20 presidency

Supporting India's G20 Presidency, Indonesia, which passed on the baton to India, said that with this, the interest of developing countries will continue to prosper

India can sustain 9% GDP growth for many years: EAC member Sanyal

Economic Advisory Council member Sanjeev Sanyal on Sunday said India is capable of sustaining an economic growth of 9 per cent for many years, even as he asserted that a high sustained GDP growth rate is key for the world to achieve the 2030 Sustainable Development Goals (SDGs). Speaking at a side event of the first Sherpa meeting under India's G20 presidency here, the economist said India has a per capita income of only USD 2,200 and that has been achieved after several years of very high growth rate. "Particularly for the Global South, sustaining high GDP growth rate is critical to achieving SDGs and without that, all we are doing will be re-distributing poverty. "Even for relatively advanced countries, most of them have very high debt levels. For them also, sustained high level of GDP growth will be very important," he said. Sanyal was speaking at the first side event of the India's G20 presidency and the topic was 'Transforming lives: Accelerating implementation of SDGs'. Adop

Britain nears bottom of the heap for economic growth potential: Economist

Potential output, a mixture of productivity and workforce growth, is a measure of how fast an economy can expand before generating inflation

Rally in PSU banks set to continue; biz prospects may improve further in H2

There's been credit expansion and credit costs have remained low, due to general economic growth and low non-performing assets (NPAs)