Page 30 - Economic Growth

Indian economy in 2047 will be like powerhouse driving global growth: Goyal

The Confederation of Indian Industry (CII) estimated that India in 2047 will be a $35-45 Trillion economy, taking the country into the league of developed nations, Piyush Goyal said

Private players dominate external debt growth amid economic recovery

External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago

'Must provide jobs to those not well-educated to go beyond freebies'

Harvard Business School professor Christian Ketels says it isn't useful to think of manufacturing versus services jobs; a range of sectors need to be mobilised for job creation

LIVE news: NIA announces Rs 25 L reward on fugitive gangster Dawood Ibrahim

The agency has also announced a cash reward of Rs 20 L on Ibrahim's close aide Chhota Shakeel

Top Headlines: Q1 GDP growth misses estimates; Sony-Zee merger, and more

India's economy grew below expectations at 13.5 per cent in April-June 2022-23 (Q1 FY23), despite the low base of the equivalent period of 2021-22

13.5% growth hides warts

The 13.5% print is lower than consensus estimates, and more so, when compared with the Reserve Bank of India's Q1 forecast of 16.2%

Crude oil is headed for longest slump since 2020 amid growth concerns

Bearish sentiment is mounting amid slowing economic growth for major oil consumer China while Fed officials reaffirmed their commitment to raising interest rates to cool rapid inflation

Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation

RBI interventions to determine rupee's course amid surging dollar

Rupee set to test fresh lows as Powell dispels hopes of softer Fed

But depreciation likely to be orderly because of RBI support, FPI inflows

Govt bonds, rupee strengthen as crude prices plunge on growth concerns

A decline in domestic headline retail inflation to a five-month low in July also bolstered the appetite for bonds

Retail inflation may remain elevated despite easing in July: Report

India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said

Next 25 years

India's own past can show the path

Pakistan can develop only if it makes economic progress: PM Sehbaz Sharif

Pakistan Prime Minister Shehbaz Sharif on Saturday said that the country cannot develop only if it makes economic progress

'Worst likely over' for emerging Asian currencies as US Fed hike bets ease

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar

Record high trade deficit, technical factors add to woes

What is the twin balance sheet problem?

In the mid-2000s, infra companies saw robust growth and their shares shot up. But as the loans piled up, banks found themselves in a tight spot. It was a twin balance sheet problem. Let's know more

Falling commodity prices may soften inflation, but it may remain elevated

Parliament likely to discuss the matter today; MPC to consider matter at 3-day meet that begins on Wednesday

Strengthening liberal democracy essential for growth, says Raghuram Rajan

Former Reserve Bank of India Governor Raghuram Rajan on Saturday said India's future lies in strengthening liberal democracy and its institutions as it is essential for achieving economic growth

Post-pandemic surprises and where the Indian economy truly stands today

To avoid getting caught up in possible group-think, we need to question the assumptions. Remember that there have been only two five-year periods when India has recorded rapid growth, writes T N Ninan

What is a middle-income trap?

A middle-income trap is a situation in which a country attains a certain average income and gets stuck at that level, failing to graduate to a high income group. Let's know more about this trap