Page 112 - Indian Economy

Coca-Cola sees strong growth in India, chief lauds resilient economy

Coca-Cola also pointed out that the refillables infrastructure takes time to build and said that it has some activity in Africa and India and pointed out that it doesn't change overnight

Consumer sentiments expected to stay sluggish

It is more likely that elections and El Nino will add to the volatility of consumer sentiments

Shrinking engineering exports to UAE, China led to overall dip in FY23

The decline was a direct result of depressed global demand, especially in the metals sector

'India's need for water increasing, likely to surpass 1500 bn cu m by 2050'

Union Minister Gajendra Singh Shekhawat on Thursday said India's need for water is increasing with its growing population and economy and is likely to exceed the 1,500 billion cubic metre-mark by 2050. The Jal Shakti minister was speaking at the 16th Civil Services Day. "We have become the most populated country in the world though the official figures are yet to come out. We are also the fastest growing economy in the world and our need for water is also increasing," he said. Underlining that water-bearing capacity has to be increased, Shekhawat said while the country's present requirement of water stands at 1,100 billion cubic metres, it is likely to exceed the 1,500 billion cubic metre-mark by 2050. The minister highlighted that the BJP-led central government concentrated on the last mile saturation. "But achieving last mile saturation needed a lot of work and bureaucrats played a very important role in fulfilling India's target set under the Jal Jeevan mission," he said, addin

Bring government closer to people

To make India an advanced economy by 2047, devolving more power to local governments is crucial, and the 16th Finance Commission can play a pivotal role in this regard

India's heatwaves putting economy, development goals at risk: Study

Killer heat waves are putting "unprecedented burdens" on India's agriculture, economy and public health, with climate change undermining the country's long-term efforts

India's economic growth seen stuck in low gear due to global slowdown: Poll

India's economy will slow considerably this fiscal year as the global economic slowdown impedes domestic growth prospects, according to a Reuters poll

Recent numbers show FY24 doesn't bode well for India's merchandise exports

No reversal seen in the recent contraction or growth deceleration, with WTO projecting goods trade growth by volume to slow to 1.7% in calendar year 2023 from 2.7% in 2022

WPI inflation at 29-month low in March, prices of manufactured goods dip

It was for the sixth consecutive month that wholesale inflation was down to single digits, after remaining in double digits for 18 months

Fuel, electronics exports lead India's post-pandemic trade basket rejig

For FY23, merchandise exports grew 6 per cent to $447 billion mainly due to robust growth during the first six months of FY23

Making enough effort to ensure economy remains buoyant: FM Sitharaman

'Weakness in demand for goods, services activity could be a drag on recovery'

The employment challenge in Andhra

The unemployment rate in Andhra Pradesh was significantly lower among people with lower levels of education

Economy not falling behind, likely to grow at 6.5% in FY24: Sanjeev Sanyal

Indian economy will grow at around 6.5 per cent in the current fiscal and will continue to be the fastest-growing major economy in the world, notwithstanding a modest cut in growth projections by multilateral lending agencies, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal has said. Sanyal further said that given the uncertainties in the global economy, India's performance is clearly far ahead of any other comparable economy. "ADB (Asian Development Bank) and World Bank have only modestly reduced the (growth) forecast for this year. Even after this reduction, India will still be the fastest-growing major economy in the world," he told PTI. Recently, the World Bank and the Asian Development Bank projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions. The International Monetary Fund (IMF) also lowered India's economic growth projection for the current ..

India sees oil cuts, war impact as biggest risks to economy: FM Sitharaman

She also said possible recessions in the US or other developed countries could be a drag on India by hurting exports, particularly manufacturing

5 of India's top 10 destinations for exports witness contraction in March

Overall exports during the month down 14% YoY

Why climate change makes GDP unsuitable for measuring economic churn

GDP does not capture issues like welfare, inequality and human development. Nor does GDP capture the damage to the environment caused by economic activity, writes T N Ninan

Foreign exchange reserves jump to 9-month high to $584.76 bn: RBI data

That is an increase of $6.3 billion from the previous week

When the randomness of monetary policy reminds one of a game of Ludo

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

Indian Semiconductor Mission: Centre invites more companies to set up units

The idea behind inviting these firms to set up plants in India was to ensure manufacturing of chips began on time, said an official

Exports contract most in nearly 3 years in March; trade gap swells

Global turmoil weighs on demand