Vehicle registrations and railway freight numbers came in lower than before
The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%
Growth has not come roaring back after the pandemic
In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy
Business Standard brings you the top headlines on Tuesday
CLOSING BELL: Sun Pharma, Kotak Bank, HDFC, SBI, Reliance Industries, Shree Cement, and HDFC Life fell up to 3.5 per cent.
Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, economists said
Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22
Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.
India needs deeper fiscal reforms
Bajaj said that to counter inflationary pressures, the central and state governments should cut taxes on petrol and diesel further
India imported goods worth $60.3 billion, up nearly 30 per cent on year in April
An RBI report says even in the best case scenario, general govt debt may not dip below 75% of GDPl and if there are events, it may in fact rise to 90% of GDP by 2026-27
The widespread adoption of real-time payments resulted in estimated cost savings of $12.6 billion for Indian businesses and consumers in 2021
Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.
However, he said the country needs to remain prepared for any fallout of next wave of Covid-19 pandemic, and the impact of the ongoing Russia-Ukraine war
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
In the April policy, a change to a "neutral" stance will provide the MPC with more operational flexibility to move in case the inflationary pressures intensify
The higher capital spending is likely to improve the efficiency of India's logistics infrastructure, among others, crowd-in private investment, generate jobs in construction, and sustain growth
RBI is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal.