Page 107 - Indian Economy

India-US bilateral relationship: Is it soft power at work or hard?

While it feels good to talk about yoga, the diaspora and other manifestations of soft power, the true driver of relations is hard power; soft power only contributes some garnish, writes T N Ninan

Fitch Ratings ups India's FY24 economic growth estimate by 30 bps to 6.3%

Cautions that slowdown in global trade to pose downward risk

UTI Flexi-Cap will perform when there’s reversal from value to growth

UTI Flexi-Cap has underperformed in recent times. In this interview, Ajay Tyagi, Head of Equities, UTI Mutual Fund explains to Sanjay Kumar Singh, Associate Editor, Business Standard.

India's economic activity is humming along even with still-high rates

The needle on a dial measuring the so-called Animal Spirits stayed at six for a second month even as some indicators such as exports and tax collections showed signs of weakness

Raghuram Rajan under fire for his remarks on India; here's what he said

This is the second time in the last one week that Rajan's statements have led to his criticism

Is India creating an economy productive enough to pay for a welfare system?

With manufacturing, merchandise exports and employment all lagging despite govt efforts, politicians have re-discovered the old idea of fiscal transfers through subsidies and payouts, writes T N Ninan

Pathways to a Viksit Bharat

India must build stronger institutions and a more inclusive growth strategy to avoid falling into the middle-income trap

India to see a downward trend in its debt burden: Moody's Investors Service

Moody's has a 'Baa3' sovereign credit rating on India, with a stable outlook. Baa3 is the lowest investment grade rating

India's debt burden will be stable or decline slightly, says Moody's

Moody's Investors Service on Thursday said the key determinant of India's fiscal strength and the credit profile will be debt affordability and projected a downward trend for the debt burden. "As long as nominal GDP growth holds, India's debt burden will be stable or decline slightly," Moody's said. In a report, it said India's fast-growing GDP, which is estimated to average 11 per cent in nominal terms, is a key driver of the projections of a downward trend in the country's debt burden. "As in the past, the key determinant of fiscal strength and the credit profile will be debt affordability and in particular the proportion of revenue absorbed by interest payments," Moody's said. India has a relatively high level of general government debt, estimated at around 81.8 per cent of GDP for 2022-23, compared with the Baa-rated median of around 56 per cent. The country also has a low debt affordability, in terms of general government interest payments as a percentage of revenues, which f

India will be among fastest growing economies in 2023: RBI Governor

RBI Governor Shaktikanta Das on Tuesday expressed confidence that India will be among fastest growing economies in the world in 2023 which would grow at the rate of 6.5 per cent in the current fiscal

Indian economy on rise with growing employment, spike in manufacturing: PM

Prime Minister Narendra Modi on Tuesday said that the Indian economy is on a rise being fuelled by a spike in manufacturing activity and growing employment despite the growing geopolitical tensions

Growth driver

Expanding internet economy will increase opportunities

Retail inflation eases to 4.25% in May; April IIP rises 4.2% vs 1.1% in Mar

It was for the second month in a row that retail inflation remained within the RBI's comfort zone of below six per cent

Govt releases 3rd instalment of tax devolution of Rs 1,18,280 cr to states

The Centre on Monday released the third instalment of tax devolution to states amounting to Rs 1,18,280 crore, as against normal monthly devolution of Rs 59,140 crore

South Indian women outnumber men in availing of loan for street vendors

According to urban affairs ministry, of the total number of beneficiaries (3.6 million) of the scheme in the country, 2.13 million are men and 1.5 million are women

Seeking 'accuracy': Govt to come up with fresh logistics cost estimate soon

Initial indications suggest a number lower than 14-16%, says senior official

India's GDP growth for FY23 likely to be over 7.2%, says CEA Nageswaran

Private consumption as a share of GDP was at a 16-year high, the CEA added

Consumers as political bellwether: What duality in sentiment may mean

If inflation cools, employment improves, and growth is above average, it is possible the current consumer confidence level will cross 100 again, for the first time since 2019, writes T N Ninan

Global challenges require constant vigilance

The biggest risk to India's economy and social stability comes from 'grey rhino' disasters that are highly probable but often ignored

Slowdown in hiring by 7% witnessed in May, tier-2 cities shine: Report

The report also indicates that hiring activity is declining across industries with a 4 per cent month-on-month (MoM) decline. The decline can be attributed to several factors