Page 102 - Indian Economy

What more can India do to win over the Big Three sovereign rating agencies?

A high sovereign credit rating can raise a country's star among the global investor community; a low rating, indicating doubts over ability to repay debts, increases its financing costs

India's inflation higher than peers; global prices hit a two-year low

Downward pressure on food as global prices hit a two-year low

India growth story strong, policy reforms promote biz: The Economist Group

India is well placed to benefit from geopolitical and economic trends that are driving the diversification of Asia's manufacturing supply chain, and it is also the country's "manufacturing moment", according to The Economist Group. While emphasising that India has a strong growth story, Upasana Dutt, Head of India at The Economist Group, also said that policy reforms are making it easier to do business in the country. India is the world's fastest-growing major economy and clocked a growth of 7.8 per cent in the June quarter. The government has also come out with various initiatives, including Production Linked Incentive (PLI) schemes to boost domestic manufacturing activities in different sectors. Last month, Economist Impact, which is an official network partner to the B20, hosted a forum in the national capital on 'Navigating new globalisation, innovation for progress'. Economist Impact is a division of The Economist Group. It works with various partners, including major ...

India's external debt-service ratio at 5.3% within comfort zone: FM

India's external debt of USD 624.7 billion at March-end 2023 with a debt-service ratio of 5.3 per cent is within the comfort zone and modest from a cross-country perspective, Finance Minister Nirmala Sitharaman has said. In her foreword to 'India's External Debt: A Status Report 2022-23' released earlier this month, Sitharaman said the ratio of external debt to GDP declined to 18.9 per cent at March-end 2022-23 from 20 per cent a year ago. The long-term debt constituted 79.4 per cent of total external debt, while short-term debt, which is 20.6 per cent of the total external borrowing, is basically incurred to finance imports, enhancing the stability aspects of the total external debt, she said. "From a cross-country perspective, India's external debt position is better than most of the Low and Middle-Income Countries (LMICs) as measured by select vulnerability indicators, such as share of short-term debt in total external debt, external debt to GNI (Gross National Income), forex ...

Delhi's business landscape braves impact as G20 summit takes centre stage

Shuttered for security reasons, markets to miss weekend crowds

India faces a world of lower growth

In a shifting global landscape marked by tepid growth prospects, India will find it challenging to grow at over 7 per cent

India needs to clock 8% to become biggest contributor to global growth

Barclays report says that while the debt overhang and worsening demographics will hinder China's growth

Indian sugar production concerns drive local prices to 6-year high

This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade

Top headlines: India's economy 16.5 yrs behind China, Inflation a key issue

Business Standard brings you the top headlines at this hour

India's economy 16.5 years behind China's, says Bernstein research report

According to International Monetary Fund (IMF) estimates, India should move into fourth place by 2025 and third by 2027 with an economy size of $5.4 trillion

LIVE: Amit Shah holds roadshow in Raj during BJP 'Parivartan Sankalp Yatra'

Catch all the latest updates from around the world here

G20 Presidency's positive impacts very close to my heart: PM Modi

each state is also ensuring that they leave their unique cultural stamp on the minds of G20 delegates. This is also giving the world an idea of India's incredible diversity, PM Modi said

Weekend Bites: Beleaguered tycoon, GDP, Ambani children, and Wonderlust

In which we munch over the week's platter of news and views

India's growing heft: The dichotomy between domestic and global opinion

Handicapped without a UN Security Council veto, India can nevertheless become a great power, but what that will entail remains a work in progress, notes T N Ninan

Foreign exchange reserves remain largely flat at $594.86 bn as of Aug 25

Forex reserves fell by a marginal $30 million for the week, compared to a $7.27 billion drop in the week ended Aug. 18, the data showed

India Inc set to show further improvement in credit metrics in Q2: Report

India Inc's credit metrics are likely to show further improvement in the September quarter, a domestic rating agency said on Friday. The recent trends in softening of commodity prices, price hikes by companies, and anticipation of a favourable demand are the factors helping the industry, Icra Ratings said. The interest coverage is likely to improve to 4.5-5 times in the July-September period from 4.5 times in the June quarter, the agency said, adding that inflationary trends remain a monitorable. "India Inc's ability to improve earnings will depend on its ability to navigate ongoing headwinds such as tepid growth in the developed markets and impact of fluctuations in foreign exchange on import as well as export-oriented sectors," its Co-Group Head for Corporate Ratings Kinjal Shah said. Sequential improvement in operating profit margin was the most visible in sectors such as aviation, oil and gas, retail and auto brands, Shah said, adding that the evolving geo-political situation .

93% of Rs 2,000 notes worth Rs 3.32 trillion returned since May: RBI

The RBI had said in May that it would withdraw these high-value notes, permitting their exchange or deposit until Sept. 30

Morgan Stanley ups India's FY24 economic GDP forecast while BofA cuts

Economists at BofA Global Research, however, cut their estimates as quarterly growth missed their forecast

India's manufacturing PMI jumps to 58.6 in August, hits 3-month high

This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed

India's GDP growth accelerates to four-quarter high of 7.8% in Q1 FY24

Weak monsoon, depressed global demand, rising rates cloud outlook