Page 10 - Indian Economic Growth

Structural reforms keep economic recovery on course, says DEA secy

India today is focusing on infrastructure led capital spending aimed at enhancing productivity and employment while ensuring fiscal prudence with 'targeted' interventions: Ajay Seth

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

India economic growth to be sustained by consumer spending rebound: Govt

It said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade

Rupee doesn't need defending, it can take care of itself: CEA Nageswaran

Nageswaran said while international agencies were showing India's trend growth at 6%, the country could easily grow at 7% per annum for the rest of the current decade and beyond

India could grow at about 7% annually this decade: CEA Anantha Nageswaran

India should be able to grow at about 7% annually this decade as investment spending is expected to rise and the digital economy picks up, the chief economic adviser said on Tuesday

Private players dominate external debt growth amid economic recovery

External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening

Q1 GDP growth misses estimates despite low base; govt spending subdued

13.5% expansion in June QTR despite low base; GVA at basic prices up 12.7%

FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component

This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

Geopolitical tensions biggest risk to India's growth outlook: Jayanth Varma

The biggest risk to India's growth outlook is an escalation of geopolitical tensions, especially if these tensions spread to the Asian region, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Wednesday. Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country. He is cautiously optimistic about the Indian economy for several reasons. "The MPC is determined to bring inflation down close to the target rate of 4 per cent as quickly as possible without imposing intolerable costs in terms of economic growth. "I would like to emphasize that high inflation will certainly not become the norm in India," he said. The Reserve Bank in its latest MPC meeting in August had decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent to quell inflation. The central bank has been tasked by the government to ensure that retail inflation rema

Q1 GDP growth seen at 15.7% with possibility of upward bias: SBI Ecowrap

India's GDP is expected to be much higher in Q1FY23 and growth is expected around 15.7% with a large possibility of an upward bias because several indicators have shown good progress

Indian economy projected to grow 7.1-7.6% in current fiscal: Report

Indian economy is expected to grow 7.17.6 per cent in the current financial year despite shifting geopolitical realities across the world, a report said on Wednesday.

India can reach 8% sustained growth: Ex-NITI Aayog vice-chairman Panagariya

'I fully support the capex push. I do not believe in sector specific interventions', said Panagariya

India misses fifth-largest economy in the world tag by $13 billion

Experts say it is just a matter of a year before India overtakes the UK

India has shown exemplary resilience in recovery from Covid-19 crisis: CEA

The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said

Authorities taking steps to moderate inflation, push growth: DEA Secy

Monetary and fiscal authorities are taking steps to moderate inflation and push growth, Department of Economic Affairs Secretary Ajay Seth said

A global recession and its likely fallout on India's economic growth

While foreign fund inflows could ebb and exports could take a beating, the Indian economy is unlikely to suffer recession again

SBI Research revises up India's FY23 economic growth forecast to 7.5%

Construction sectors including cement, steel, etc reported impressive growth in both revenue as well as net income with 45 per cent and 53 per cent, rise respectively in revenue

Is the Indian economy out of the woods?

The central govt mopped up Rs 1.41 tr as GST collection in May, way above the FY22 average of Rs 1.23 tr. Auto sector also reported improved sales. Do these reflect a revival in Indian economy?