Page 216 - Indian Economy

RBI's accommodative stance to pave way for 9.5% economic growth: Experts

The Reserve Bank's decision to continue with its accommodative monetary policy stance would pave the way for a double-digit economic growth, said the industry and experts on Wednesday

We're almost cashless societies, but let's not rush too quickly into future

It isn't the pandemic that's putting this popular means of payment out of existence. All that Covid-19 has done is to accelerate a trend that was already with us

Output gap may take many years to close, says Reserve Bank

Output gap means due to poor demand conditions, companies are unable run their plant at full installed capacity or, in a larger sense, an economy is not producing optimally as the demand is missing

Market wrap: Sensex gains 2,000 pts in two days as markets cheer RBI stance

Fitch increases FY23 GDP growth forecast to 10.3%; Shriram Properties IPO nearly sales through on day 1

Recovering economy not immune to global spillovers: RBI Governor

Reserve Bank's Governor Shaktikanta Das on Wednesday said that India's economy is on the path of recovery.

Mobile industry vital for India to be $5 trn economy by 2025: K M Birla

The mobile industry will play a "vital" role in India's vision to be a $5 trillion economy by 2025, of which $1 trillion will be the contribution from digital economy, Aditya Birla Group Chairman said

Reserve Bank retains GDP growth forecast for current fiscal year at 9.5%

RBI retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough

Retail inflation expected to be around 5.3% during FY22: Reserve Bank

The Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.

RBI leaves key rates on hold amid Omicron risks; analysts weigh in

The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%

The turn of the Centre

The Centre should maintain the current year's fiscal consolidation pace to give states more time to adjust

Fitch cuts India GDP forecast for FY22 to 8.4% in Nov from 8.7% in Oct

However, Fitch raised GDP growth projection for the next financial year to 10.3 per cent

India's labour market distress

Implications for growth story will be severe

India exports Rs 27,575 cr worth of marine products in Apr-Sept: Centre

The country exported 6.05 lakh tonnes of marine products worth Rs 27,575 crore in the first six months of the current financial year 2021-22 with the most exports undertaken from Andhra Pradesh

Recovery tracker: Workplace attendance continues to rise despite Omicron

Drop in retail and recreation visits, essential shopping

Economy shows strong signs of recovery, upswing in 19 of 22 eco indicators

High-frequency indicators (HFIs) are being monitored to track the progress of economic recovery in India since the first COVID-19 case was reported in the country in January 2020

Marine minerals will be key to country's future economy: Union Minister

Marine minerals from coastal and ocean sources will be key to the country's future economy and metals like nickel and cobalt will play an important role in promoting renewable energy technologies needed to fight the climate change challenges, Union Minister Jitendra Singh said. Singh was addressing scientists and students while inaugurating new building facilities at CSIR-IMMT (Institute of Minerals & Materials Technology) here. Highlighting that India has emerged as one of the frontline nations in marine scientific research under Prime Minister Narendra Modi, Singh who is the Minister of State (independent charge) for Science and Technology, said the country is now actively engaged in exploring the resourceful ocean bed for meeting the country's future energy and metal demands. The Deep Ocean Mission' initiated by the Modi government heralds yet another horizon to various resources to enrich the Blue economy', Singh said. Steps are being taken for close coordination and ...

Statsguru: Six charts explain how states are improving their fiscal health

Further analysis by Business Standard showed that nearly half of all municipal corporations were facing financial stress in 2017-18

Services sector credit growth still slow despite Covid relaxations

Broad-based credit expansion is expected over the next two to three quarters

WTO negotiations on services regulations conclude

Many service providers complained that the processes for applying and obtaining the licenses are not clear in many countries

Modernise data system

Economic data must be released during market hours