Page 40 - India Economy

Ukraine conflict likely to affect growth: RBI MPC member Jayanth Varma

Asia's third-largest economy is projected to grow 8.9 per cent in the fiscal year ending March 31, slower than previously anticipated 9.2 per cent, according to the recent government data.

Growth in services activity picked up in Feb, inflation pressure predicted

The Services Purchasing Managers' Index, compiled by IHS Markit, increased to 51.8 in February from January's six-month low of 51.5.

India's mfg activities expand in Feb as output, new orders rise: PMI

Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said

Tracking the movements: Retail, recreation visits below pre-Covid levels

Retail and recreation visits were 0.9 per cent below levels seen in the early part of 2020, mobility data from search engine Google shows

Economic recovery uneven, govt should continue support measures: Report

Pointing out that the ongoing recovery is still uneven and not broad-based, a foreign brokerage report said the government should continue the income support measures for the affected sectors.

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.