Page 188 - Indian Economy

Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained

The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.

India's manufacturing activity moderates in March as production, sales slow

Production, sales expand at the slowest pace in six months; positive sentiment falls substantially

Recovery tracker: Retail and recreation visits go up, shows data

Fewer passengers on flights, vehicle registrations lag 2019 by a wider margin than before

India's trade deficit rises 88% to $192.41 billion in FY22: Govt data

The trade deficit in March 2022 was $18.69 billion, while it was $192.41 billion during entire 2021-22

India's palm oil import up 21% March as Ukraine sunflower oil supply stops

In March, 550,000 tonnes of palm oil landed in India, up from 454,794 tonnes in February, said a Mumbai-based dealer with a global trading firm

Morgan Stanley expects RBI to raise rates by 125 bps cumulatively in FY23

This is against the backdrop of both domestic and global developments.

India's poor deprived in more ways than one, but state count misses that

Income, consumption or lack of "capabilities": what makes a person poor in India?

Cost of living rises in India as companies pass on higher prices

Companies from the Indian units of Unilever Plc and Suzuki Motor Corp. to homegrown JSW Steel Ltd. are raising prices in response to the global supply squeeze

Income in US on I-T radar in FY23, non-disclosure to invite action

The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets

India on cusp of major economic recovery: Niti Aayog VC Rajiv Kumar

Talks of possible stagflation are "overhyped": Kumar

Reform reversal

States should not go back on pensions

Will we see a reverse repo hike this week?

Can RBI afford the luxury of waiting out on the inflation front to allow growth to pick up?

With surging exports, India to push its businesses abroad more boldly

India has recently inked crucial trade agreements with United Arab Emirates (UAE) and Australia.

India-Australia sign trade pact; bilateral trade to reach $45 bn in 5 years

This is the first trade agreement with a developed economy after over 10 years

March quarter sees 53.6% surge in new projects at Rs 5.1 trn: CMIE data

Their value is higher than it was in December, as well as in the same quarter last year

MGNREGA ends FY22 with Rs 20,000 cr negative balance despite huge outlay

A large chunk of this amount is on account of unpaid material expenditure during the year and even earlier

India in a divided world: Keeping old friendships and cultivating new ones

The question for India, as a middle or swing power with long-term external dependencies for energy and military hardware, is how to not let old friendships come in the way of new ones, notes T N Ninan

Govt to borrow Rs 8.45 trn from market during Apr-Sep period of FY23

Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said

India's Oct-Dec current account deficit widens to 2.7% of GDP

In the preceding quarter, the shortfall stood at $9.9 billion or 1.3% of GDP, RBI data showed

India's fiscal deficit touched 82.7% of full-year target at end of Feb

In actual terms, the deficit stood at Rs 13.16 trillion at the end of February this year, as per the data released by the Controller General of Accounts