Page 171 - Indian Economy

Rupee touches a new low of 79.14 against US dollar amid CAD concerns

Rupee weakened further in afternoon trade on Tuesday to touch a fresh record low against the US dollar as concerns of a wider current account deficit came to the forefront

PMI: India's services activity touches an eleven-year high of 59.2 in June

The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra

Vulnerable jobs

While about 13 million lost jobs during the month, the count of the unemployed increased by only 3 million

Top headlines: EVs brace for trial by fire, ATF duty hits airlines and more

The Indian economy was slightly smaller than the United Kingdom's (UK's), which deprived the former the rank of the fifth-largest economy in the world in 2021. Read more on this in our top headlines

Govt bond yields slide 5 bps over weekend, in tandem with US benchmark

Signs of weakening economic growth worldwide raising questions over the degree of policy tightening by central banks

Credit-deposit growth gap widens to a three-year high of nearly 5%

Development fuels concern that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system

India misses fifth-largest economy in the world tag by $13 billion

Experts say it is just a matter of a year before India overtakes the UK

Recovery tracker: Surge in workplace attendance up despite rising cases

Power generation, vehicle registrations decline, recreation visits down

No respite for manufacturers as inflation continues to weigh on the economy

As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term

Capex for revival

Govt has done well to increase expenditure

Statsguru: Six charts explain falling rupee and how it impacts the economy

The Reserve Bank of India has been defending the rupee and has lost a significant amount of foreign exchange reserves

Global factors, crude oil, macro data to drive stocks this week: Analysts

'Crude oil prices, dollar index and rupee movement will be other dominating factors'

BJP to mull political, economic proposal at National Executive meet today

Under the political agenda, the party is likely to hold discussions over their presidential candidate Droupadi Murmu and the recently formed BJP government in Maharashtra, according to the sources.

Trust between Centre and states intact in GST Council: FM Sitharaman

In an exclusive interview with BS, Sitharaman said the first quarter lethargy is something which the Centre and the states will have to work on

CRISIL cuts FY23 GDP growth estimate to 7.3% from 7.8% on high inflation

Domestic rating agency CRISIL lowered its real GDP growth forecast for India to 7.3 per cent in FY23 from 7.8 per cent estimated earlier.

India's manufacturing sector activity eases to 9-month low in June

Factory orders, production rise for 12th month in a row

GST collection at Rs 1.45 trillion in June, the second highest ever

Average GST collections at Rs 1.51 trillion a month in the first quarter of the current financial year are much higher than the Rs 1.2 trillion derived from the Budget Estimates

The rupee's 'new lows': Why it's not necessarily a cause for concern

The framers of a 'strong currency' policy ignore that almost every country with a successful long-term record of development has pursued a 'weak currency' policy, writes T N Ninan

India feels the heat as investors face brutal emerging markets selloff

The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.

Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June

India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines