Page 33 - India Economy

Feb GST collection up 12% YoY to Rs 1.49 trn, dips month-on-month

With this, the monthly GST revenues remained over Rs 1.4 trillion for 12 straight months

Blue economy occupies vital position in India's economic growth: CAG

The blue economy occupies a vital position in India's economic growth and it could well be the next multiplier of GDP and well-being, provided sustainability and socio-economic welfare are kept at the centre stage, said CAG G C Murmu on Monday. India has a 7,517 km long coastline that is home to nine coastal states and 1,382 islands. The coastal economy sustains over 4 million fishermen and other coastal communities. There are nearly 199 ports, including 12 major ports that handle approximately 1,400 million tons of cargo each year, Comptroller & Auditor General of India (CAG) said at a seminar on the challenges and opportunities in the Blue Economy. Moreover, he said, India's Exclusive Economic Zone of over 2 million square kilometres has a bounty of living and non-living resources with significant recoverable resources such as crude oil and natural gas. "With these vast maritime interests, the blue economy occupies a vital potential position in India's economic growth. It could .

War in Ukraine: How one year of conflict changed geopolitics and economics

Friday marks the one-year anniversary of the Russia-Ukraine war, have a look at how the conflict that nobody believed would last this long changed the world

Real interest rate of about 1% appropriate for Indian economy: Ashima Goyal

"You don't need to keep on raising nominal rates as long as inflation does not come down because then you will definitely overshoot in terms of real rates," Goyal said

Citigroup forecasts 'less hard' landing for world economy this year

Citigroup economists on Wednesday raised their global growth forecast slightly and see a "less hard" landing but still expect the world's economy to grow at the slowest pace in 40 yearsq

India will be an effective voice of developing nations at G-20: DEA Secy

In a Q&A, Ajay Seth says while the global macro-economic situation has improved over the past few months, headwinds on inflation and other indicators persist

Few takers for skill development as students shy away from ITI ecosystem

Key concern: Gap between industry requirement and what's taught

Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%

The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates

Samsung to borrow over $15 billion from display unit for investment

Samsung Electronics plans to borrow more than $15 billion from its display-making subsidiary to secure operational costs, the company has said.

Pakistan economist Per­vez Tahir urges resumption of trade with India

Pakistan poli­ti­cal economist Per­vez Tahir has called for revival of trade with India to decrease people's woes, local media reported.

150,000 delegates likely to visit India for G20 meetings in 2023

Nearly 1.50 lakh foreign delegates are expected to arrive in India this year to participate in various G20 meetings to be held in 56 cities, Union Tourism Minister G Kishan Reddy said on Tuesday. Addressing reporters, Reddy said after independence and till 2014, only 13 antiquities which were smuggled out of India, were brought back. Whereas during Prime Minister Narendra Modi's visits to various countries, 229 relics or monuments were brought to the country. India is hosting (heading) G20 this year. Officials and minister and delegates from 29 countries (20 countries of G20 group and nine special invitees) will be coming to India to participate in various meeting. The meetings will be held in 56 cities in India. Approximately 1.50 lakh foreign delegates are expected. Along with them their family members and associates are also expected." Owing to COVID-19 pandemic, he said the tourism sector suffered heavily for two years. However, the revival started in 2022 as domestic tourism .

India, Nepal agree to boost economic and development ties between nations

India and Nepal agreed on Monday to further bolster their economic and development cooperation as Foreign Secretary Vinay Mohan Kwatra met his Nepalese counterpart Bharat Raj Paudyal and reviewed the wide-ranging bilateral partnership. Foreign Secretary Kwatra arrived here on a two-day official visit to hold talks with the country's top political leadership on the entire range of multifaceted cooperation between the two countries. "Foreign Secretary Shri Vinay Kwatra met his counterpart Mr Bharat Raj Paudyal and reviewed the wide-ranging India-Nepal partnership," the Indian embassy here tweeted. "Both sides agreed to further strengthen their economic and development cooperation for benefit of the two countries and region as a whole," it said. During his visit, Kwatra, who was earlier India's ambassador here, will pay courtesy calls to Nepal's Prime Minister Pushpakamal Dahal 'Prachanda' and Foreign Minister Paudyal. It is expected that Kwatra will also discuss with his Nepalese ..

How credible is path of improving quality of fiscal deficit going forward?

Centre's fiscal deficit is projected to come down to 5.9% of GDP next financial year from 6.4% in the current financial year

With vote split, RBI's MPC might hike repo rate by 25 bps: Experts

Will there be a convergence or divergence among the members of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on the 25 basis points (bps) policy rate hike, experts debate.

Rural economy revival to take time in absence of specific triggers: Report

Focus on the rural economy in the budget has been waning over the years and in such a scenario a revival of the rural economy would take time, JM Financial said in a report

Capex push, tax rationalisation: Brokerages give a thumbs-up to Budget 2023

Our equity strategists view the budget as positive for infrastructure and capex-sensitive sectors, says Goldman Sachs

Worst over for global economy, 'softer recession' likely: RBI governor

There is a need to improve retail access to markets, particularly gilts and derivatives, he says

As wealth inequality grows, is it time for an Indian inheritance tax?

Country had had 20 billionaires at the last count: more than some other major economies

UN slashes India's economic growth forecast by 20 bps to 5.8% for 2023

Pegs world economy growth at 1.9%; trade to contract 0.4%

Indian economy expected to grow 7%: How GDP forecasts changed in 3 years

The average variation in value added is 1.5 percentage points between the first and last estimates