Page 190 - Indian Economy

India's FY23 fiscal deficit likely to hit 6.7% on free grains move

Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion

Statsguru: Six charts that show India's rich remain reluctant givers

Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors

Heavy investment needed in health, education sectors: Nitin Gadkari

Union Minister Nitin Gadkari on Saturday said there was need for heavy investment in the health and education sectors in the country.

India, at 8% growth, can double economy in 7-8 yrs: Niti Aayog VC

He said that the target of becoming a USD 5-trillion economy is not rhetoric, adding that the country is already a USD 2.7 trillion economy and it just needs to double it

India targeting over 30-odd Russian-Ukrainian markets to ship local wheat

Exporters say they aren't merely looking to serve a stop-gap requirement but want to become credible long-term suppliers

Russia-Ukraine war: RBI board discusses geopolitical impact on economy

Sources say Indian banks have small exposure to the two warring countries; but oil price surge above $100/bbl mark could impact India's current account deficit and inflation

Indian equities running a marathon; Sensex doubled despite Covid-led shock

Sensex is hovering around the 58,000-point mark after falling from a 52-week high of over 62,000 points it touched before the war between Russia and Ukraine broke out

RBI central board discusses impact of geopolitical crises on Indian economy

The 594th meeting of the Central Board of Directors of RBI was held on Friday at Bengaluru under the Chairmanship of Governor Shaktikanta Das

Indian states and their propensity to exaggerate their GSDP numbers

The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat

India's job crisis 'biggest challenge, biggest opportunity': Naushad Forbes

India has an unemployment, quality of jobs and quality of income challenge, data show. Unemployment in India stood at 8.1% in February 2022, per Centre for Monitoring Indian Economy (CMIE) data

Two years of Covid: Metals get their shine back as demand fuels rally

According to CRISIL Research, base metals are currently at their highest levels since 2008, while steel prices in Europe are at an all-time high

India's 2022 GDP growth downgraded to 4.6% due to war in Ukraine: UN report

The report noted that a number of developing country central banks also engaged in quantitative easing: active purchasing of bonds in the open market

Beyond $400 billion

Exports need policy support

Employment rose by 22% in 7 years since 2013-14: Union Labour Minister

The minister also said that 27 crore informal workers have been enrolled on the e-SHRAM portal during the last six months

Riding out the storm

External shocks and stagflation risks require optimal policy responses

India bond yields rising slower than most economies, but not for long

Analysts expect bond yields to go up faster in the new financial year amid inflationary pressure

Two years after Covid, Indian economy hopping from one crisis to another

While the economy was mending its way up, the second wave beginning March 2021 led to loss of many more lives and further deceleration of growth momentum.

Commerce ministry to extend foreign trade policy for some more months

Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.

Challenges due to Russia-Ukraine war may lead to trade disruptions: Goyal

About the new SEZ law, he said that the ministry will start consultations with stake holders from the next month

Time to open economy but cautiously: Centre tells states and UTs

In view of a decline in Covid-19 cases, the Centre on Wednesday asked states to follow a risk assessment-based approach on the opening of economic and social activities