Page 177 - Indian Economy

Top Headlines: RIL-Apollo bid for Boots, India's retail inflation, and more

RBI's monetary policy committee (MPC) is likely to decide on the exact rate hike on the basis of its inflationary expectations at that point of time. Read more in our top headlines

Only India can be the 'reliable partner' world is looking for: PM Modi

Prime Minister Narendra Modi Friday said India is growing the fastest among the G-20 economies and has the capability to prove it's the "reliable partner" the world is looking for today.

PMI: Service activity touches 11-year high of 58.9 in May on strong demand

Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions

Indirect tax mop-up may fall short of target: Revenue secretary Tarun Bajaj

Revenue secretary attributes it to cuts in excise and Customs duties

Exports up 15.46% in May; trade deficit widens to a record $23.3 billion

India's merchandise exports grew 15.46 per cent YoY to $37.29 billion in May

SBI Research revises up India's FY23 economic growth forecast to 7.5%

Construction sectors including cement, steel, etc reported impressive growth in both revenue as well as net income with 45 per cent and 53 per cent, rise respectively in revenue

Centre chose expenditure switch to contain widening fiscal deficit

Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated

Govt leans heavily on nominal revenue growth to beat fiscal blues

If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore

Asset monetisation

Govt should reassess the plan

After 4.1% GDP growth in Q4, what next for the Indian economy?

The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?

After 4.1% GDP growth in Q4, what next for the Indian economy?

The Indian economy grew by 4.1% in March quarter. While the overall growth for FY21-22 was 8.7%, against the contraction of 6.6% in FY21. What do these numbers say about the economy?

Govt allows small amount of wheat to move out after ban

Exceptions were allowed for shipments backed by letters of credit that had already been issued and those to countries that requested supplies to meet their food security needs

Bank credit to NBFCs increases 10% to Rs 10.5 trn in FY22: Report

Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 trillion on the back of improvement in overall economic activities

After 13-quarter high in Q3, current account deficit may have eased in Q4

Net exports, which are considered a proxy for current account deficit, declined 2.9% of the GDP in the March quarter

GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase

In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time

India's FMCG sector grows at 6% in Q4; volumes contract on low consumption

The overall volume degrowth in India's FMCG sector was spread across categories, but the extent was significantly higher in non-food compared to food

Manufacturing PMI steadies in May on increased orders despite inflation

PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April

Fearing rate hikes, consumers may front load purchases in niche areas: SBI

Customers, especially in retail verticals could be having a feel of future run expected in interest rates, and might be front loading their purchases in days to come, said SBI Research in a report

Moody's upgrades BPCL outlook to 'stable' as govt calls off stake sale

The rating agency affirmed BPCL's Baa3 issuer rating reflecting its position as the second-largest state-owned refining and marketing company in India

Expect income tax harassment to increase over the next few months

Govt's free food package, brought into effect since Covid outbreak in 2020, and RBI's lesser-than-expected dividend for FY22 might make the govt push the taxman to further augment revenues