Page 156 - Indian Economy

India's retail inflation likely rose in Aug, ending 3-month downtrend: Poll

Food inflation, which accounts for nearly half the consumer price index (CPI) basket, is expected to have soared as prices of essential crops like wheat, rice and pulses were driven higher

Need to boost investor confidence for sustainable, transformative growth

India needs to show investors not only that they can achieve decent returns in the country but that their money is safe here

FTA may boost India's exports to Bangladesh by $10 billion in five years

For Bangladesh, the potential of additional exports to India could range from $3 billion to $5 billion in a time span of 10 years

Bonds, rupee strengthen as crude oil prices fall below $90 a barrel

Hope of global index inclusion drags down bond yields, FPI flows bolster rupee

Amit Shah urges states to work together for development of cooperatives

Cooperation Minister Amit Shah on Thursday exhorted states to work together for the holistic development of cooperative sector so that it can contribute significantly in making India a USD 5 trillion economy. Addressing a two-day National Conference of State Cooperation Ministers here, Shah asserted that efforts should be made to ensure that cooperative movement run at the same speed in every state of India, a statement said. "In those states where the activities have stopped or slowed down, the effort should be to accelerate. For that, we need a new national cooperative policy," Shah, who is also the Union Home Minister, said. The new policy should be framed to ensure all round development of cooperative sector in all states and Union Territories, and also identify new areas, he added. Shah pointed out that cooperative movement is strong in West and South India, but in developing stage in north and central India while least developed in east and north-eastern states. He asserted

India becoming world's 5th largest economy no ordinary achievement: PM Modi

Prime Minister Narendra Modi on Thursday said India has become the fifth largest economy in the world and this is not an ordinary achievement. "We need to maintain this enthusiasm," Modi said while virtually addressing beneficiaries of various government schemes and those present at a medical camp organised in Olpad area of Gujarat's Surat city. "Recently, India has become the fifth largest economy in the world. This achievement gave us confidence to work even harder and achieve bigger goals in this Amrit Kaal. This progress is not ordinary. Every Indian is feeling proud of it. We need to maintain this enthusiasm," the prime minister said. Referring to the Centre's Pradhan Mantri Awas Yojana, Modi said, "As many as three crore houses were built by the government across the country for the poor during the last eight years. Of these, nearly 10 lakh houses were constructed in Gujarat alone.

Indian economy linked to world, decoupling not possible in reality: Analyst

A global slowdown will have severe repercussions for India's balance of payments BoP through lower exports; a meaningful slowdown of late and lower capital inflows.

Best of BS Opinion: Policy balance, slowdown in global demand, and more

Here is the best of Business Standard's opinion pieces for Thursday

Democracy holds India together as country and economy: BS Panel

For the next 25 years, the panellists picked equitable wealth distribution as the biggest issue to be addressed

US, EU demand slowdown, global uncertainties impacting India's exports

Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors including engineering, gems and jewellery and may have implications on India's exports in case the global situation does not improve in coming months. Global inflation, Russia-Ukraine war, simmering China-Taiwan crisis and supply disruptions are hurting economic growth worldwide, leading to poor demand, experts say. The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, according to the World Trade Organization forecast, released in April. Organisation for Economic Cooperation and Development (OECD), a grouping of developed nations, has stated that G-20 merchandise trade growth has slowed markedly in value terms in second quarter of 2022 (April-June). Exporters are keeping their fingers crossed over the country's exports growth and are hopeful that the ...

Private players dominate external debt growth amid economic recovery

External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago

India inflation rate likely rose to 6.9% in August, says Deutsche Bank

The risks to food inflation persist with negative seasonality kicking in for the September-November period, the bank said

Nomura raises India's CAD estimate on fears of slowdown in export

Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances

India@75 - Past, Present & Future

Thought exchange on India Potential

India is a trusted partner of the world, says Piyush Goyal during US visit

Union Commerce and Industry Minister Piyush Goyal, who is on a six-day visit to San Francisco and Los Angeles, highlighted that India has emerged as the trusted partner of the world

Centre to have enough rice even at half of next season's procurement target

As of August 16, the government has rice stocks of around 26.35 million tonnes in the Central pool

Top Headlines: Roadmap to advance economy, 100 mn demat accounts, and more

The country's demat account tally topped the 100 million-mark for the first time, in August. Over 2.2 million new accounts were opened last month

Working on road map to advanced economy, says FM Nirmala Sitharaman

Sitharaman said the principal focus would be equitable distribution of wealth so that India grows to become an advanced economy by 2047

Services PMI accelerates in Aug; job creation strongest in 14 years

Rebound due to gains in new business, improvements in demand, and overtime work: Survey

Fixing the quality problem of Make in India

India needs to enforce stringent quality norms for goods produced within the country for both domestic and international consumers if it wants to become a manufacturing hub