Page 104 - Indian Economy

India's food inflation hits double digits in July, shows NSO data

Food inflation in wholesale prices had shot up to 7.75 per cent in July from -1.24 percent in June, led by massive acceleration in the prices of vegetables in July from -21.98 per cent in June

The investors' dilemma

In the midst of India's economic resurgence, investors are grappling with the challenge of deploying capital in a valuation-sensible way

Samsung to get Rs 600 crore under PLI scheme for smartphones: Report

Samsung had claimed incentives of about Rs 900 crore for generating revenues of about Rs 15,000 crore from smartphone sales in 2020-21

India-Australia trade pact utilisation at average 90% in first six months

As much as 51% of the nearly 6,500 tariff lines in Australia were already attracting zero import duty

A cycle of reversals

The recent measures aimed at changing the trajectory of India's economic journey with tariff walls and import restrictions are unlikely to end well

Indian economy to grow at 6% in FY24 due to global slowdown

"The Q1 industrial growth remained buoyant, especially construction and consumer non-durables; however, the agricultural growth was muted and the services growth was sluggish," it said

Industrial production rises 3.7% in June against 5.3% in May: NSO data

The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output increased by 3.1 per cent in June 2023

Our economy is fastest growing: FM Sitharaman during the no-trust debate

In just nine years, the economy rose and saw economic development due to the policies of BJP government,' Nirmala Sitharaman said in Lok Sabha

Banks to maintain 10% additional CRR from Aug 12 as temporary measure: RBI

Action is part of central bank's efforts to reduce surplus liquidity, it says after monetary policy announcement

Rupee eyes RBI monetary policy decision, US inflation data to follow

Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa

How sweet is India's spot?

The economy has a lot going for it, but a closer examination suggests some urgent policy priorities

The Big State and its discontents

It is disheartening that India sees its place in the sun only in the context of a Chinese economic sunset

Low income group consumers' sentiments buoyant about Indian economy : study

Home Credit India, which is a part of global consumer finance provider Home Credit Group, has said that sentiments of the low income population in urban and semi-urban spaces are quite buoyant about the country's economy. The company in its annual consumer survey 'The Indian Wallet Study 2023' found that with the economy growing, income levels have increased for 52 per cent of the low-income consumers last year. A total 76 per cent are expecting their incomes to rise in the coming year. This has made the low income population buoyant about the country's economy. However, despite the increase in their income the consumers are highly cautious when it comes to non-essential spending, the study said. The aim of the study is to understand the financial habits and sentiments of the consumers in the low-income strata within the urban and semi-urban areas. The study was made from a randomised survey of around 2200 respondents who are in the age group of 18 to 55 years with an annual incom

Ageing wells, govt pricing, tax policies hamper crude oil production

Production has been falling consistently over years

India's sovereign ratings by global agencies utterly absurd: Sanjeev Sanyal

India should be rated at least one or two grades higher than what it is at present by global rating agencies, Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister, said on Monday. Sanyal said India just about makes it past the investment grade in the ratings of the agencies, which is "utterly absurd". "In terms of sovereign ratings, if India was fairly rated, it should be at least one, if not two grades higher. There is no reason for India to be at the bottom of the investment grade," Sanyal said. He was speaking at the CareEdge Conversations here on the theme 'India: Reversing the Gaze'. Sanyal said frameworks of the rating agencies should be questioned, and India should realise that those can be replaced with "ease". "Why should we have to abide by rules and norms of the West, which we had no role in framing....just like the several indices where we feature below 100," he added.

The fall in private investment

The decline in private investment as a percentage of GDP is not as huge as it may appear at first glance

Statsguru: Six charts explain expansion in India's services trade

An analysis of global numbers suggests that other commercial services dominate services trade globally

India can achieve $5-trn economy target within 18 months: NaBFID chairman

According to Kamath, infrastructure development would be the key driver of India's growth, especially in transforming its cities

New era of Indian equity outperformance is dawning: Morgan Stanley

In India, Morgan Stanley believes, the situation is in stark contrast to that in China. India, it said, is arguably at the start of a long wave boom

India's growth trajectory secure: FinMin's monthly economic review

On wheat, the monthly review said that going forward the weather and input support are likely to increase the production in 2023, making larger quantities available for procurement