Page 191 - Indian Economy

India's economic recovery holds steady as Ukraine war clouds outlook

India's services and manufacturing activity held steady in February, even as the war in Ukraine clouds the outlook for prices and growth in the consumption-driven economy

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices

The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation

India's privatisation in monochrome

The book presents a detailed chronological timeline of privatisation in the country

Fitch slashes FY23 India growth forecast to 8.5% on high energy prices

Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war. With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said. It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to 8.7 per cent. "However, we have lowered our growth forecast for FY 2022-2023 to 8.5 per cent (-1.8 pp) on sharply higher energy prices," Fitch said while revising up its inflation forecasts. In its Global economic Outlook-March 2022, Fitch said the post-COVID-19 pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation. "The war in Ukraine and economic sanctions on Russia have put global energy supplies at risk. Sanctions seem unlikely to be rescinded a

RBI continues to support growth, rupee: Governor Shaktikanta Das

India comfortably placed to deal with spill-overs from Ukraine crisis, says Das

One nation one software

Transforming property registration to unlock economic growth the way the NGDRS has done holds promise for similar cooperation in other areas

Recovery tracker: Spike in retail, recreation visits as mobility expands

More flights and higher electricity generation amid lower Covid-19 cases

No prospect of Indian economy falling into stagflation vortex: RBI Governor

Shaktikanta Das was also quick to add that he expects retail inflation to moderate going forward

RBI Governor vows ample liquidity to aid India's economy

RBI has infused Rs 17 trn during past two years and will ensure adequate funds that economy needs, says Shaktikanta Das

Indian rupee, bonds retreat as oil prices rise above $110

Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as European Union nations considered joining the United States in a Russian oil embargo

Ukraine crisis: Exporters explore 3 back-up routes to Russia, CIS nations

Russia, Ukraine account for around 80% of India's exports to CIS countries

FTP should be extended for six more months

No new ideas have emerged on what the new FTP should be, despite meetings with the stakeholders through the Board of Trade and Export Promotion Councils

New real estate projects poised to get pricier by 5-10%, in phases

Just when India's economy was picking up pace, the Russia-Ukraine war is putting the brakes on growth recovery

Measuring inflation

More needs to be done besides changing WPI base

Rahul Gandhi asks govt to 'act now' on inflation due to Ukraine crisis

Congress leader Rahul Gandhi on Saturday asked the government to act quickly over the rising inflation in the country as the Russia-Ukraine war may further escalate prices.

Rupee slide impacted export-import, inflation differently across periods

There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices

Russia-Ukraine conflict will boost inflationary trends: Nitin Sharma, FIL

Every $10 increase in crude prices lowers India's GDP growth by around 20 basis points and increases domestic inflation by 30 basis points

India's size illusion

India has struggled to generate adequate military resources

Global developments pose downside risks to India, says RBI report

The report said the shock emanating from geopolitical risks hit at a time when inflation was elevated in many countries