Page 108 - Indian Economy

RBI MPC meeting: The art of policy communication

In the payments domain, the scope of the existing digital payment architecture has been widened

A cautious pause, rate cut not anytime soon

In the aftermath of the pandemic, the RBI was tolerating inflation at the higher end of the band. Now, the focus is on bringing it down to the 4% target

Blue, space economy to add value in India's growth: Jitendra Singh

Union Minister Jitendra Singh on Wednesday said lesser explored areas like ocean resources and space will do value addition in the future economy of the country. Addressing a meeting here, he said one of the hallmarks of Prime Minister Narendra Modi's approach towards the economy has been that he has reinforced and strengthened the existing pillars of the economy by imposing a check on pilferage or malpractice and reduced a load of avoidable restrictions and regulations for ease of business. The prime minister also introduced new dimensions to the Indian economy, which hardly received any attention from previous governments even though these were important, the Minister of State for Personnel said. "Blue economy and space economy are among some of the new concepts introduced in last nine years by the prime minister," he said. If India has to compete globally, it will have to stand up to global parameters and the value addition to the future economy of the country will also come fro

Slowdown threatens India's booming economy even as its rich keep spending

India grew by 6.1% in the three months ended March compared to a year earlier, well beyond the 5% estimate of economists

Signals, systems, checks, balances: Explaining the Odisha train disaster

The Indian Railways is deploying a new train control system, as pressure on its infrastructure increases

Contribution of women important for achieving $5 trn economy goal: Giriraj

Union Minister Giriraj Singh on Tuesday stressed on the importance of the contribution of women and rural households in achieving India's goal of having a USD 5-trillion economy and said that women members of self-help groups will transform the country in the future. Addressing an event here, the rural development minister said women members of self-help groups have seen saw a 19 per cent increase in their income and a 28 per cent rise in savings. He also stressed on reaching the goal of bringing 10 crore women under self-help groups by 2024. At present more than nine crore women are linked with these groups. "Women members of Self Help Groups will change India in the days to come," he said. The Rural Development Ministry recently launched a campaign to mobilise one crore women from eligible rural households to join Self-Help Groups promoted by the ministry's Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). The drive, which will continue till June 30, aim

5 states project their economies to grow slower than national GDP in FY'23

So far, only 15 states have revealed their projections for the gross state domestic product for 2022-23

LIVE: Mamata Banerjee questions death figures in Balasore train crash

Catch live updates from across the globe here

FPI invest Rs 43,838 cr in India in May, likely to continue in June

FPIs are likely to continue their investment in India in June too since the latest GDP data and high frequency indicators reflect a robust economy gaining further strength

Gadkari inaugurates 2 national highway projects worth Rs 48 cr in Gujarat

For the first time, a three-lane service was constructed and the newly inaugurated national highways will provide better connectivity to Dena, Harini, and Virod villages

Shadows on sweet spot: Manufacturing grew the least among sectors in FY23

Some might conclude that manufacturing cannot be a leading sector without subsidies on inputs and cash pay-outs given for agri. But will such a manufacturing sector be viable, wonders T N Ninan

SCO summit being held virtually after taking factors into account: India

Amid speculations over India's decision to hold the SCO summit on July 4 in a virtual format, the government on Friday said that it was never announced that the meeting would be held in person

GST collection to car sales: May data paints healthy picture of economy

GST collection, car sales post robust numbers

India's FY24 GDP data: Spate of forecast hikes, but not all agree

Some say El Niño conditions may prove to be a headwind for the economy

RBI should continue with pause, change its stance to neutral: CII President

Says Indian economy likely to grow at 6.5-6.7% in FY24

Investment more than consumption leading India's growth: Economists

A surge in investments that offset sluggish consumption to boost India's growth in 2022-23 is expected to power the economy in the current financial year

Report on India's transformation under Modi indictment of lost decade: MoS

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the "best and sharpest indictment" of the Congress-led UPA's "lost decade between 2004 and 2014", Union Minister Rajeev Chandrasekhar has said. Speaking to PTI on Wednesday, Chandrasekhar said the report reminds Indians how the Congress-led UPA had left "a shattered economy" in 2014. Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, he said. "This report that says how India has transformed in less than a decade under Prime Minister Narendra Modi is, in my opinion, the best and sharpest indictment of the UPA's lost decade between 2004 and 2014," the minister said. In the report, Morgan Stanley said significant skepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014. Rejecting criticism

May PMI manufacturing comes at 58.7; hits 31-month high on strong demand

Demand conditions demonstrated remarkable strength, with factory orders rising at the fastest pace since January 2021

We're now aspiring to be world's 3rd largest economy: MoS Chandrasekhar

He further said that the report talks about the fact that India has undergone an unprecedented transformation in the last nine years and "we are today the fastest-growing economy in the world"

'Solid performance' to continue in FY24: CEA V Anantha Nageswaran

He said core and food inflation both came down, with a bumper harvest and healthy prospects for kharif season