Page 8 - India Economic Growth

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

FM Nirmala Sitharaman to boost budget spending to support eco growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Worsening of debt sustainability indicators may drive fiscal conservatism

A peak level of India's public debt/GDP ratio at 91.7 per cent and worsening of debt sustainability indicators to the 2002 levels may be driving fiscal conservatism, JM Financial said in a report.

Eyes on GDP forecast by pre-budget Economic Survey despite recent misses

The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.

Budget 2022-23: Rural stimulus need of the hour amid Covid-19 pandemic

Consumption, which was impacted during the pandemic, is expected to improve as the rate of vaccinations rises to cover the entirety of the country's eligible population

Modi at WEF's Davos showcases India as future tech & economic powerhouse

Virtually delivering the 'State of the World' special address to the WEF Davos Agenda, PM Modi underlined the role played by India in handling the Covid crisis

India risks stagflation, growth concentrated at 'top end': Kaushik Basu

India's overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu

India will be world's tech, economic powerhouse in 2047: Jitendra Singh

Union Minister Jitendra Singh said when India turns 100 in the year 2047, ..."the country will be the world's technological and economic powerhouse".

Karad slams Thackeray, Maharashtra FM for not attending pre-budget meetings

MoS Finance Bhagwat Kishanrao Karad slammed Maharashtra CM Uddhav Thackeray and State FM Ajit Pawar for not attending pre-budget consultation meetings called by Nirmala Sitharaman

Monetary policy review: Rs 17.2-trillion liquidity bazooka

Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection

Credit delivery to large section of society very important for growth: CEA

Credit penetration or providing credit to a large section of society is very important for economic development of the country, Chief Economic Adviser (CEA) K V Subramanian said on Thursday

Growth forecast, rates: 5 key things to look for in RBI monetary policy

Monetary Policy Committee expected to hold rates and continue with an accommodative stance to encourage growth

India received $83 billion in remittances in 2020: World Bank report

India received over $83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report

India will have to invest heavily in infra for economic recovery: UN expert

India will have to invest heavily in infrastructure in order to recover from the economic havoc, even if that means going in for deficit financing, according to a UN expert

Rising Covid cases a major downside risk to India's growth: FinMin report

The report sees the GDP growth to be in positive territory in the second half of 2020-21

Govt confident of achieving growth of nearly 11.5%, says Anurag Thakur

Thakur also said that the government is focused on a clean up exercise in the banking system and setting up a bad bank was among the steps in that direction

India's new willingness to binge on debt may leave economy far less secure

Once the pandemic retreats, India might end up with a debt-to-GDP ratio north of 90 per cent, compared to the low seventies at present

ITC, Emami see uptick in discretionary consumer spend in September quarter

Four months since unlock began, demand for essentials remains robust but the frenzy is dying down

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Over 1.1 million MSMEs registered on Udyam online system since July: Govt

Over 11 lakh MSMEs have registered on the newonline system of Udyam Registration launched in July, the government said on Saturday. Out of these, 3.72 lakh enterprises have registered under manufacturing category whereas 6.31 lakh enterprises under service sector. The share of micro enterprises is 93.17 per cent whereas small and medium enterprises are 5.62 per cent and 1.21 per cent, respectively. An official statement said 7.98 lakh enterprises are owned by male whereas 1.73 lakh enterprises by female entrepreneurs, and 11,188 enterprises are owned by divyangjan entrepreneurs. "The top five industrial sectors of registrations are food products, textile, apparel, fabricated metal products and machinery & equipment. 1,01,03,512 persons have been given employment by these registered units," the MSME ministry stated. The five leading states for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat. Registration without PAN and GST number is permitted