Page 175 - Indian Economy

Fitch expects RBI to raise interest rates to 5.9% by December-end

Fitch Ratings said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook

Consumer sentiments uncertain

Consumer expectations in rural India were down by 1.7 per cent in May while expectations in urban India improved by 6.4 per cent

May CPI inflation cools down to 7.04% from eight-year high in April

The excise duty cuts for petrol and diesel and duty cuts on other items may have played a part in cooling inflation

Recovery tracker: Greater power generation and mobility even as cases spike

Vehicle registrations and railway freight numbers came in lower than before

Rupee slides 11 paise against US dollar, breaches 78-mark for first time

The local unit finally settled at its all-time low of 78.04, down 11 paise over its previous close of 77.93

Retail inflation eases to 7.04% in May, but remains above RBI's target band

Inflation in the food basket was 7.97% in May 2022, marginally lower than 8.31% in the previous month, as per the data released by the National Statistical Office

$5 trn eco goal achievable by 2026; Chidambaram's view very wrong: Minister

Chidambaram can suggest that we follow the US economic model. He will say anything and what he has said is his personal view which is a very, very wrong view

Can US recession slam the brakes on Indian IT sector's dream run?

A recession in the US would have far-reaching consequences for the Indian economy -- especially for the IT sector. We examine how the Indian IT industry will be hit if the US goes through a recession

India's post-pandemic electricity generation growth outpaced peers

Like India, multiple lower middle income countries face power outages

Statsguru: Six charts show Covid-19 concerns rising again in India

Even as cases in the country rise, the pace of vaccination is falling

Development of villages must to achieve $5 trillion economy: Amit Shah

"If villages are prosperous, self-reliant and with good facilities, the country will be prosperous. It will help achieve the dream of Atmanirbhar Bharat and making India five trillion dollar economy"

Inflation data, Fed interest rate decision to drive markets this week

Markets are again reeling under tremendous pressure across the globe following sticky inflation that could prompt swift actions by the apex banks ahead, say analysts

India has shown exemplary resilience in recovery from Covid-19 crisis: CEA

The country has shown exemplary resilience in recovery from the Covid-19 pandemic crisis, Chief Economic Advisor (CEA) Anantha Nageswaran said

Fitch lauds Indian economic recovery, ups outlook from negative to stable

The rating agency scaled down the GDP growth estimates for FY23 to 7.8% from 8.5%

At 7.1%, India's factory output jumps to eight-month high in April

Electricity output rose to double digits in April

Stories during stagflation: How India fares on 'modified' misery index?

Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan

High prices drag India discounts to 7-week low; China demand sluggish

High prices have slumped Indian discounts and the Chinese market has also remained unpromising for the time being

India's FDI rank rises to 7th position despite falling inflows: UNCTAD

Upmove despite investments falling to $45 bn in '21 from $64 bn a year earlier: UN

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

RBI policy effect: Loans to get more expensive as banks hike lending rates

ICICI, BoB take the lead; Kotak Bank ups deposit rates