Page 32 - Economic Growth

Indonesia's economy grows 5.01% in Q1 despite global prices turbulance

The growth was in line with the prediction made by Indonesia's Minister of Finance Sri Mulyani Indrawati that the country's economy would grow on average 5 per cent year-on-year

Global economic growth risks jolt inflation-obsessed financial markets

The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point

Raising policy rates is not anti-national, RBI will have to do it: Rajan

Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said

War in Ukraine to curb trade and economic growth this year, says WTO

The WTO said its projections for world trade take into account factors like the impact of the war, sanctions on Russia and shrinking worldwide demand amid lower business and consumer confidence

Moody's maintains 'stable' outlook for Indian banks on recovering economy

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

India's economy to grow by 7.5% in FY23; to pick-up to 8% in FY24: ADB

Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022

India, Japan launch clean energy partnership at 14th Annual Summit

India and Japan on Saturday launched a Clean Energy Partnership (CEP) for cooperation towards achieving sustainable economic growth, addressing climate change and ensuring energy security

Budget 2022 focused on growth revival: Nirmala Sitharaman to industry

The revival of economic growth was the foremost priority of the Union Budget FY23, said Finance Minister Nirmala Sitharaman

How India's recovery is shaping up as states relax restrictions?

Restaurants are again teeming with diners, airports with fliers and markets with life. People are now stepping out and loosening their purse strings. How is India's economic recovery shaping up now?

Union Budget 2022: Reaffirmation of tax stability, inclusive growth

The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India

Union Budget proposals to boost growth and generate jobs, say experts

The Budget proposals on capital expenditure, MSME sector, and digital banking will boost growth and promote job creation, say experts

Budget must strike a balance between growth and equity

The uneven growth across various sectors and unequal distribution of benefits of economic growth cannot be ignored

BS Views of the week: India's rising unemployment rate; the missing link that could rescue Paytm

Why are so many young boys and girls keen to work but are not actively looking for one? What is Paytm’s missing link? And, how can India tackle inequality? Subscribe to Business Standard and read this week’s top opinion pieces to find out

Icra revises AUM growth outlook for retail NBFCs to 5-7% from 8-10% in FY22

The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.

Pakistan registers 5.3% economic growth in 2020-21, says minister

This is the second time the GDP rate for 2020-21 has been revised

Economy set to improve over next 12 months: PwC Annual Global CEO Survey

India's economic growth is all set to improve over the next 12 months despite the coronavirus pandemic-related problems and global headwinds, says the PwC Annual Global CEO Survey

UN forecasts lower global economic growth for 2022 and 2023

The report said labour shortages in developed economies are adding to supply chain challenges and inflationary pressures

Economy goes down when number of days with extreme rainfall go up: Study

A study by a team of Potsdam scientists found that economic growth goes down when the number of wet days and days with extreme rainfall go up

Annual Economic Survey explained

Before the Union Budget, the govt releases the Economic Survey. It is an annual document that offers a peek into India's economic development over the previous fiscal year. This report explains more

J&K's economy can be scaled up to Rs 3.6 trillion within 5 yrs: Chief secy

Jammu and Kashmir Chief Secretary Arun Mehta has said with the collective efforts of the administration and banks, the economy of the Union Territory can be scaled up to Rs 3.60 lakh crore within the next five years. Mehta stated that the administration is committed to lower the unemployment rate in Jammu and Kashmir to below the five per cent mark and directed the banks to provide its facilities in identified uncovered villages by March 31. "With the collective efforts of the government and banks, the economy of Jammu and Kashmir, which is presently at around Rs 1.80 lakh crore, can be scaled up to Rs 3.60 lakh crore within next five years," Mehta said. Chief Secretary and Deputy Governor of Reserve Bank of India, M K Jain on Friday co- chaired the special meeting of J&K level bankers' committee to review the measures taken by banks in enhancing the flow of credit in UT. Informing that digitisation of land records in Jammu and Kashmir has been completed and access to land records