The medium-term outlook for the UK economy is far more optimistic than these numbers suggest," Hunt said in a statement
What do the good Q2 GDP numbers tell us? What lessons does the Silkyara tunnel fiasco teach? Why are investors betting big on IPOs? What made Henry Kissinger important? All answers here
Even if no statistical jugglery is afoot, the "noise" in India's GDP numbers should be eliminated in order to hear the underlying music without distortion, writes T N Ninan
At the Business Standard BFSI Summit last month, RBI Governor Shaktikanta Das said that the Q2 GDP figure is likely to surprise everyone on the upside
The GDP numbers released on Thursday evening surpassed private estimates by a wide margin as manufacturing and construction activities expanded in double digits
This controversy, like so many, has generated much more heat than light because the critics are not shining a light in the proper place
This was despite heavy capital expenditure by the Centre. That grew 57 per cent at Rs 2.8 trillion in the Q1 of FY'24 year-on-year
What does GDP data tell us about the economy? What's behind Reliance Retail's JioMart consolidation? Are new age stocks a good bet post Q4 results? What is WTO? All answers here
The UK and Germany were among those who have been in the midst of a slowdown
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While consumption recovery remains strong in urban areas, the rural market is also showing nascent sign of recovery as real wage growth turns positive
PSBs more vulnerable to shocks than private banks
The report also said the inflation in India is likely to be below 5 per cent in the second quarter of calendar year 2024
CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months
MoSPI to release first revised estimates of national income, consumption expenditure, saving, and capital formation of the previous fiscal year on the last day of February starting this year
'Global headwinds apart, there is consensus that the Indian economy this year (FY23) will grow 6.8-7 per cent'
Ratio for manufacturing firms at 9-quarter low of 0.93%
While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast
The rupee appreciated 17 paise to 81.55 against the US dollar in early trade on Wednesday on broad dollar weakness and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 81.63 against the dollar, then gained ground to touch 81.55, registering a rise of 17 paise over its previous close. On Tuesday, the rupee declined 4 paise to close at 81.72 against the US dollar. Forex traders said investors will focus on the US Federal Reserve Chairman Jerome Powell's speech and the release of key domestic macro economic data for further cues. "Market is looking forward to Fed Chair Powell's speech today. He is likely to signal a slowdown in the pace of rate hikes but push back against expectations of a pivot," IFA Global Research Academy said in a note. Domestic Q2 FY'23 GDP print, April-October fiscal deficit and October core sector data are scheduled to be released later in the day. Meanwhile, the dollar index, which gauges the greenback's .
Says India is set to be second-fastest growing G-20 economy in FY23, despite decelerating global demand and tightening of monetary policy to manage inflationary pressures