Page 174 - Indian Economy

Operating profit growth of listed firms decelerated in Q4 of FY22: RBI data

Operating profit of manufacturing companies decelerated sharply to 7 per cent in the fourth quarter of last fiscal as against 70 per cent in the corresponding quarter of the preceding fiscal

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

PM Modi's mission to make India a $5 trillion economy: Karnataka CM

Karnataka CM Basavaraj Bommai said PM Modi is on a mission to make India a $5 trillion economy and Karnataka has resolved to contribute $1.25 trillion to the Indian economy to realise his objective

India facing twin deficit problem due to commodity prices, subsidy: FinMin

Ministry's report urges rationalising non-capex spend not only for protecting growth supportive capex but also to avoid fiscal slippages

Recovery tracker: Fewer vehicle registrations, workplace visits dwindle

Electricity generation lower than before as monsoon sets in

India faces slowing growth but low risk of stagflation: Finance Ministry

Country faces near-term challenges in managing fiscal deficit, reining in inflation and containing CAD while maintaining a fair value of the rupee

Normal monsoon, rate cut key to bring down inflation by yr-end: Economists

Normal rainfalls aiding bumper agriculture output and the RBI further hiking interest rates to cut easy money in the system hold key to bringing down multi-year high inflation, economists said

States must identify strength, define targets for $5 trn economy goal: Modi

Every state must recognise its strength, define its targets and develop a roadmap to achieve the same as this is essential for India to become a $5 trillion economy, Prime Minister Narenda Modi said

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

Forex reserves down $4.5 billion to $596.4 billion, shows RBI data

During the week ended June 10, the fall in the forex reserves was on account of a dip in Foreign Current Assets (FCAs), a major component of the overall reserves

Yield curve shows India's better long-term growth prospects: RBI paper

Yield curve shows India's better long-term growth prospects: RBI paper

At Rs 42,679 crore, advance tax collection up 48% in April-June quarter

Direct tax collection, net of refunds, stood at Rs 2.81 trn, according to initial estimates; advance tax collection for the period between April 1 and June 15 was Rs 42,679 cr

Don't see any adverse impact of US Fed Reserve rate hike: DEA secy Seth

The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, Economic Affairs Secretary Ajay Seth said

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

Regional imbalance

Focus on equitable growth

Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn

India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released

Cement sector's capacity utilisation to drop to 65%: Fitch Ratings

Fitch Ratings said it believes a sustained GDP growth, the government's thrust on infrastructure and affordable housing, and a revival in corporate capex, will underpin growth of the cement sector

Policymakers look to rains, not just rates, to cool hot inflation: Report

Like its international peers, the Reserve Bank of India is expected raise rates aggressively over the next year to take some of the heat out of prices

'Not a difficult target': India would be a $5-trn economy by FY27, says CEA

Addressing an event organised by UNDP India, Nageswaran said India is relatively better placed than other emerging economies

WPI inflation spikes to record 15.88% in May as heatwave stokes food prices

The Wholesale Price Index (WPI)-based inflation maintained its increasing trajectory for the third month in a row, and remained in double digits for the 14th consecutive month since April last year