Page 40 - India Economy

Covid LIVE: 28,867 new cases in Delhi; NEET-UG counselling from Jan 19

Delhi's positivity rate is 29.21 %

Third wave might shave 10% off mall revenue this fiscal, says report

The impact of new restrictions on malls for the top-eight cities is expected to last only four-five weeks

Ficci suggests support measures for housing sector in Budget

Housing and construction sectors have forward and backward linkages and impact nearly 200 sectors, it said

Citigroup, ICICI lower growth projections for India as Covid cases surge

Daily new cases of coronavirus in the country have gone up from about 6,500 two weeks ago to more than 170,000 now.

Inflation likely accelerated to a six-month high in Dec: Reuters poll

The January 4-7 survey of 41 economists showed Indian retail inflation rose to 5.80% last month from 4.91% in November.

Farm sector set to grow at 3.9% in FY22: First advance estimates

The gross value added (GVA) in agriculture and allied activities in FY22 is slightly higher than the long-term average for the sector which is 3-4 per cent

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

RBI rate hikes, policy normalisation inevitable as inflation surges: Nomura

Central bank has worked to keep borrowing costs at a record low to ensure a durable economic recovery in the face of risks from the omicron coronavirus variant.

Services PMI moderates to three month low in December amid Omicron fears

Data released by the analytics firm IHS Markit showed that the Purchasing Managers' Index (PMI) for services fell to 55.5 in December from 58.1 in November.

India's services growth slows in December as inflation pressures persist

Business confidence was at a four-month high in December on robust demand, yet rising coronavirus infections kept it in check

Indian factories end 2021 on strong note despite dip in momentum in Dec

The PMI survey results reinforce evidence of a continued recovery in Asia's third-largest economy from the coronavirus pandemic-induced slump.

India's December jobless rate hits 4-month high of 7.9%: CMIE data

India's unemployment rate hit a four-month high in December, data from the Centre for Monitoring Indian Economy (CMIE) showed

GST mop-up signals economic recovery despite worry over Omicron

Collections grow 13% in December quarter to Rs 1.3 trillion - the best since July 2017

Assam's growth rate declines, fiscal deficit, debts rose in 2019-20: CAG

Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a CAG report said

Over 25,000 compliances reduced to aid ease of doing biz: DPIIT

Over 25,000 compliances have been reduced by Union ministries, states and UTs so far to further improve ease of living and doing business, a top government official said on Wednesday. These compliances were reduced during the last phase of an initiative that ended on August 15 this year. Now, the Department for Promotion of Industry and Internal Trade (DPIIT), an arm of the commerce and industry ministry, has again started the initiative to further identify the pain points for businesses and common people and reduce or eliminate those burdens. To further improve ease of living and doing business, the DPIIT is conducting a National Workshop on the Next Phase of Reforms for Reducing Compliance Burden'' on December 22. The workshop is witnessing participation from across central ministries and states/Union Territories (UTs). "In the last phase, which ended on August 15 2021, more than 25,000 compliances were reduced...However this is not the end of the journey, there are still complia

FMCG players expect better growth, lesser inflationary pressure in 2022

With a revival in demand and consumption, FMCG companies are looking forward to 2022 with positivity and hopes of sustaining a healthy growth trend across both rural and urban markets

Consumer durables industry: Double digit growth hopes brighten 2022 horizon

With demand for premium and technologically advanced products on the rise, India's appliances and consumer electronics industry will be switching on to 2022 with hopes of double-digit growth

Too early to celebrate economic recovery in India: Arvind Subramanian

Stock markets reflect the Indian economy less. It would be a kind of policy mistake to infer from this (stock boom) anything about the diverse Indian economy, said Subramanian

Growing old before it gets rich, India has a people problem

A country in which less than half of the working-age population is even looking for a job is not one that will be able to escape poverty.

Wedding rush sets record, sends India's gold imports surging to 6-year high

About 2.5 million ceremonies are estimated to have taken place since mid-November, around a quarter of this year's expected annual total.