Page 38 - India Economy

Uncertainties remain around India's medium-term debt trajectory: Fitch

Fitch Ratings said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory.

GDP to be just 1% above pre-pandemic level in FY22: RBI deputy governor

India's GDP will be just one per cent above the pre-pandemic level even after the estimated 9.2 per cent growth in FY22, RBI Deputy Governor M D Patra said

The inflation dilemma

Markets are in for a very bumpy ride if inflation is truly breaking out

WPI inflation eases to 12.96 pc in Jan; food prices harden

WPI inflation has remained in double digits for the tenth consecutive month beginning April 2021.

The political risks of low interest rates are high in an election year

Since 1989, governments have risked that the benefits of higher economic growth will offset the costs of higher inflation

Centre may not go for 60% borrowing in the first half of FY23

Rethink on proportion on back of Fed tightening, high oil prices

A change of course on privatisation

The modest targets reflect a welcome embrace of pragmatism in the govt's economic policy

Railways on divergent tracks: Gap between forecasts and reality is widening

The gap between forecasts and reality is widening for India's largest public-sector operator

RBI monetary policy: Rates kept unchanged for continued support to economy

RBI monetary policy 2022: 'India is charting a different course of recovery than the rest of the world, to be the fastest-growing economy,' says RBI governor

Hiring up two fold after Covid-19 lockdown: PM Modi in Parliament

Humanity has not seen any challenge like pandemic in the last hundred years, he says.

India's proposed digital rupee needs more thought and less haste

One gain from the asset will be for Indians working abroad, sending money home will become simpler and cheaper.

Digital activity helps track data on economy

Technology is now coming to the rescue of decision makers who need current data about the multiple dimensions of a rapidly changing economy

Budget 2022-23: Directors may face tax recovery heat, say experts

The proposal in the Finance Bill to amend provisions of Section 179 of the Income Tax (I-T) Act from April 1, 2022, could increase risks for directors of medium and small-sized firms, said experts.

LIVE: Rahul says judiciary, EC instruments of destroying voice of states

'Not only as India's Law Minister but also as an ordinary citizen, I condemn what Rahul Gandhi has said about India's judiciary and EC. Rahul Gandhi should immediately apologise,' tweets Kiren Rijiju

Higher public investment to stimulate demand, generate jobs: DEA Secretary

The Budget proposals seek to stimulate the economy by stepping up public investments, which will create demand for industrial inputs and generate jobs, Economic Affairs Secretary Ajay Seth said.

Focus of Budget on basic amenities for poor, middle class, youth: PM

In his address on 'Aatmanirbhar Arthvyavastha' at a BJP event, he said that post-Covid, the possibility of a new world order is emerging and the initial indicators of it are already visible

Industry hails infrastructure push through Gati Shakti, PPP in Budget

Industry players on Tuesday hailed the announcements for the infrastructure sector in the Union Budget and said the proposal to fund infrastructure through 'Gati Shakti' and public private partnerships will mark the escalation of economic prosperity. Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022 in Parliament. "One of the strongest parts of this Budget is the government's renewed commitment with its continued investment in strengthening the country's infrastructure. The proposal to fund infrastructure through PM Gati Shakti, Public Private Partnerships, etc. will mark the escalation of economic prosperity. "Overall, the budget seems to have given a booster dose to facilitate faster economic growth of the nation; roads is definitely one of the prominent sectors to get deserved focus through adequate funding," IRB Infrastructure Developers Chairman & Managing Director Virendra D Mhaiskar said. According to EY India Tax Partner Infrastructure Samir ..

Budget 2022: India may become $5-trn economy by FY26 or FY27, says CEA

In 2019, Prime Minister Narendra Modi envisioned to make India a $5 trillion economy by the Financial Year 2024-25

Budget 2022: FM unveils plan to fire economic engines to sustain recovery

Sitharaman said her budget proposals will directly benefit the country's youth, women, farmers, as well as public and private investment

Budget lacks major steps to enhance revenue to off-set spending: Moody's

Deficit target of 6.4% poses uncertainty due to pandemic risks