Page 219 - Indian Economy

Eight core sectors' output grows to 7.5% in October

Core sector growth was 4.5% in September

India estimates wider budget gap at over 7% vs 6.8% aim: Report

The government has a target of raising 1.75 trillion rupees this year but progress on plans to sell insurance behemoth LIC or privatize oil refiner Bharat Petroleum have been slow

For FIIs, India becoming less and less attractive: Sunil Tirumalai

The recovery from lockdowns has been reasonably good without any big government stimulus, says Tirumalai

India's GDP seen growing at 8.3% in Q2, 9.4% full year: Report

Leading rating agency India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast. The agency has attributed the higher growth to the nine consecutive quarters of over 3 per cent agriculture growth, which has brightened consumer spending and the resultant uptick in private final consumption expenditure, which is likely to clip at around 10 per cent in the September quarter of the current fiscal. Another major reason is the near three-fold jump in vaccination, which soared to 890.21 million as of October-end from 335.72 million at June-end. The government will announce the numbers on Tuesday. Noting that Q1 was impacted by the second wave leading to reduced workplace mobility and in turn economic activities, which at end-Q1 was 26 per cent lower than the base line and 16 per cent lower than baseline in FY21, it said mobility started improving only in Q2 yet it was only 7 per cent ...

Steel demand drops by 5% in FY21: Union minister informs Parliament

According to the information shared by the minister to the house, the building and construction sector consumed 41 MT steel in 2020-21 as against 43.4 MT in 2019-20.

India's business resumption touches new high despite Omicron: Nomura

Business resumption surged to a new high despite the fears of the newly discovered Omicron variant, and inflationary pressures are building up, a Japanese brokerage said on Monday

Govt health expenditure share in GDP increases from 1.15% to 1.35%

There has been an increase in the share of government health expenditure in the total GDP of the country, according to the National Health Account Estimate report

Economists peg India's GDP growth at 7-9% in the second quarter

The Q2 gross domestic product (GDP) numbers are slated for release on Tuesday

438 infrastructure projects show cost overrun of Rs 4.34 trillion

As many as 438 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.34 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,680 such projects, 438 reported cost overruns and 539 were delayed. "Total original cost of implementation of the 1,680 projects was Rs 21,74,182.86 crore and their anticipated completion cost is likely to be Rs 26,08,330.02 crore, which reflects overall cost overruns of Rs 4,34,147.16 crore (19.97 per cent of original cost)," the ministry's latest report for October 2021 said. According to the report, the expenditure incurred on these projects till October 2021 is Rs 12,64,545.31 crore, which is 48.48 per cent of the anticipated cost of the projects. However, the report said that the number of delayed projects decreases to 377 if delay is calculated on the basis of the latest schedule of ...

Centre's expenditure budget for FY22-23 likely to remain flat

The fiscal deficit of the Union Budget for FY23 could stay around 6.8 per cent, the same as expected for FY22

Best of BS Opinion: Children of the earth, Tanwar in Trinamool, and more

Here are the best of BS Opinion pieces of the day

Extra Rs 10,000 cr allocated for MGNREGA inadequate: Civil society

Civil society activists claim that the extra Rs 10,000 crore won't go far as already pending payments are in excess of Rs 10,000 crore

Yes, there are two Indias, and they are not getting any closer together

The fifth National Family Health Survey's findings make it clear that there are indeed two Indias - one represented by Tamil Nadu and another by Bihar, writes T N Ninan

Congress to hold rally against inflation on December 12 in Delhi

The Congress said unprecedented price rise and inflation have demolished the earnings, the household income and budget of every family in the country

India's GDP expected to grow by 8.5% YoY in Q2FY22: Acuite

India's Q2FY22 GDP is expected to grow by 8.5 per cent on a year-on-year (YoY) basis amid support from a favourable base, Acuite Ratings and Research said

Best of BS Opinion: India's health check, time for caution, and more

Here are the best of BS Opinion pieces of the day

India Inc to show significant EBITDA growth in next 12-18 months: Moody's

The agency said that rising consumption, push for domestic manufacturing and benign funding conditions will support new investments

Govt to unveil extensive economic data related to health on Monday

NFHS-5 also reveals that birth registration of children under 5 has increased from 79.7 to 89 per cent.

9 in 10 Indians feel supply chain issues are here to stay: Report

Recent supply chain delays and disruptions have negatively impacted the lives of Indians

Economists write to PM seeking higher fund allocation for MGNREGA

The econo­mists who sent this letter included Jean Dreze, Prabhat Pattnaik, Mahendra Dev, Pronab Sen and Himanshu, among others