Page 196 - Indian Economy

Disappointing numbers

Estimate of GDP growth for current year lowered

India among countries that will be most 'economically harmed': IPCC report

Report says India will face extreme weathers, water scarcity, health hazards, threat to food security

Recovery tracker: Work attendance at record high as offices open full-swing

Electricity generation rises, more passengers on flights

India's GDP growth slows to 5.4% in Q3, estimated to rise 8.9% in FY22

In the current fiscal, GDP growth stood at 20.3% in April-June quarter and 8.5% in July-September period

FY22 GDP estimates: Economic growth weighed down by mfg, construction

While an adverse base was expected to flatten growth in the quarter from 8.5% in Q2FY22, NSO's initial estimates are sorely below our expectation of a 6.2% YoY expansion in that quarter

India worried about Russia-Ukraine conflict impact on exim trade: FM

Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of war between Russia and Ukraine on India's exim trade.

FY22 GDP estimates: Some surprises in the internals

The share of consumption and government expenditure has come down in FY22, which is reflective of the economy not yet being fully back on track

India's April-January fiscal deficit touches 58.9% of FY22 target: Govt

In actual terms, the deficit was Rs 9.37 trillion at end-January 2022 against upwardly revised annual estimate of Rs 15.91 trn

Output of eight core sectors at 3.7% in Jan: Govt data

Production of eight infrastructure sectors expanded by 3.7 per cent in January against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries

Retail inflation for industrial workers rises to 5.84% in January

Retail inflation for industrial workers rose to 5.84 per cent in January over the same month a year ago mainly due to higher prices of certain food items, the labour ministry said

GDP advance estimates may be cut to 8.6%, says India Ratings

India Ratings said that according to the revised estimates, the GDP growth in FY20 now stands at 3.7 per cent compared to 4 per cent earlier.

India worried about Ukraine conflict's impact on farm sector, says FM

India is more worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, Finance Minister Nirmala Sitharaman said on Monday.

Freight rates may see more hike in India amid Russia-Ukraine crisis

India's monthly exports to these countries amount to around $1.4 billion and imports of around $1.6 billion

Threat to global peace a challenge for economic revival: FM Sitharaman

The FM said that focus is on expanding physical as well as digital infrastructure so that jobs and opportunities can be created for India's youth

Russia-Ukraine crisis: Rupee rebounds as risk sentiments improve

The rupee has been one of the worst performing Asian currencies in 2022

Russia, Ukraine conflict may hit Indian economy badly, says CAIT

The Confederation of All India Traders (CAIT) said the impact will jeopardise efforts to recover the domestic trade from the Covid-19 pandemic

Formal job creation surged to 1.5 mn in December 2021, shows data

Around 15.26 lakh new members joined the ESIC-run social security scheme in December 2021 against 10.39 lakh in the previous month, official data showed

We shouldn't restrict our ability to respond: External member of RBI's MPC

The Ukraine situation is a shock both to growth and to inflation, and it is too early to say which of these two shocks will be bigger, says Jayanth R Varma

Need govt support, specific incentives for services sectors: Exporters

SEPC says travel, tourism and hospitality sectors need govt support

Oil shock: Economy will suffer, but less reason to worry than in the past

The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan