Morgan Stanley believes that strong earnings growth relative to GDP growth is one of the five key drivers underpinning "India's structural bull market"
The report further said that the State Bank of India and leading private-sector banks have largely addressed their asset-quality challenges
The government has exhausted only 39 per cent of its fiscal deficit target in the first half (April-September) of FY24
For achieving over 8 per cent annual economic growth, the country will have to improve its human capital
With cash in the bank and low debt, the bigger players may establish their dominance in markets that require scale, but that does not seem to mean smaller companies will do poorly, writes T N Ninan
Patra further said that central banks and financial institutions must actively address climate change, as it impacts their mandates of price and financial stability
Beijing is owed more than $1 trillion in BRI project debt, says report
The ten emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey
Decarbonising India's industrial juggernauts is not a distant dream anymore
BS BFSI Insight Summit 2023: Shaktikanta Das said India is better placed as compared to other countries to deal with risky geopolitical situations
These goals include a per capita gross domestic product (GDP) of $17,590, $8.67 trillion of exports, and Rs 1,273 trillion of investments by 2047
A closely watched measure of underlying inflation, meanwhile, cooled to the slowest pace since 2020
Deloitte India on Wednesday said it expects GDP growth in the current fiscal to be in the range of 6.5-6.8 per cent primarily due to upcoming festive spending as well as higher government expenditure before the national elections mid-next year. In its India economic outlook report, released earlier this month, Deloitte said India will need at least 6.5 per cent growth every fiscal to become the world's third largest economy by 2027, with its Gross Domestic Product (GDP) crossing USD 5 trillion. The country needs 8-9 per cent economic growth to become a developed country by 2047, it added. The Indian economy grew 7.8 per cent in the June quarter, higher than the 7.2 per cent in the year-ago period. "In light of the Q1 GDP growth, we have revised our growth estimate for this year to reflect it. We expect GDP to grow in the range of 6.5-6.8 per cent primarily due to festive spending in the coming months followed by higher government spending before the upcoming national elections ...
A GDP growth rate of 6-plus per cent is great, given the global context, but there's no near-term prospect of acceleration, notes T N Ninan
An additional $2.6 billion spent on everything from ticket sales and TV rights to tourism and food delivery may lift India's GDP by as much as $1 billion, they say
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
India's experience has been different compared to the rest of the world in terms of the rise and peaking of its manufacturing GDP, NITI Aayog member Arvind Virmani said on Wednesday, while stressing on creation of a competitive economy. Addressing an event organised by the Institute for Studies in Industrial Development (ISID), Virmani further said India has positioned itself in the last ten years with policy reforms related to product and services space. "India's experience has been different compared to the rest of the world in terms of the rise and peaking of its manufacturing GDP and then a plateau that has been witnessed for the last many years," he said. According to Virmani, the country has put in dynamism for entrepreneurship and startups, and has instituted public sector and institutional reforms. "There is a need of the creation of a competitive economy and not just a few monopoly segments with reduced information barriers and breaking asymmetric information circuits," he
Fiscal conditions in the US will affect capital flows