Page 221 - Indian Economy

UBS revises India's GDP growth forecast to 9.5% from 8.9% for FY22

The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent. The government projection is around 10 per cent.

Niti VC Rajiv Kumar meets think tanks, takes suggestions on economy

Niti Aayog Vice Chairman Rajiv Kumar on Wednesday interacted with over 70 think tanks on issues concerning the state of the economy, trade narratives, and competitiveness fundamentals

India should aim to achieve over $10 bn leather exports by 2025: Goyal

India should aim to achieve more than $10 billion worth of leather exports by 2025, Union Minister of Commerce and Industry, Piyush Goyal, said on Wednesday.

Soaring logistics, raw material costs headache for India Inc in H2: Report

Even though the overall outlook for corporates have improved on the back of faster than expected recovery, and the same is likely to gain further traction in H2 but the rising commodity prices

Pertinent questions on the share of informal sector in India's economy

A recently released report that says India's informal sector has shrunk, raises more questions that it answers

Fitch refuses to do a Moody's, retains India's outlook at negative

Also retains ratings at the lowest investment grade

BS Number Wise: A number for the poor in India

State welfare schemes often benefit the privileged as the government puts off setting up updated measures to define poverty

Fitch affirms 'BBB-' rating for India, forecasts FY22 GDP growth at 8.7%

Fitch says India's rapid economic recovery from Covid pandemic, easing financing sector pressures are narrowing risks to medium-term growth outlook

Economic recovery taking hold; private investment should resume: RBI Guv

For growth to be sustainable and reach its potential, private capital investment has to resume, the Reserve Bank Governor said on Tuesday

Aim to raise Delhi's per capita income to Singapore level by 2047: Sisodia

Delhi Deputy Chief Minister Manish Sisodia said the AAP government's target is to raise Delhi's per capita income to Singapore's level by 2047. In a statement released on Tuesday, Sisodia said the national capital's growth rate has reached 11-12 per cent in the last six years and the per capita income is three times the national average. Highlighting that Delhi is one of the fastest growing states in the country, the deputy chief minister said the Arvind Kejriwal government is committed to fostering a progressive business environment in the city. In Delhi, the growth rate has been 11-12 per cent over the last 5-6 years. Delhi's contribution to the country's GDP is 4.4 per cent despite having only 1.49 per cent of the country's population. Delhi's per capita income is 3 lakh 54 thousand, which is three times the national per capita income standard, Sisodia said. The government intends to raise Delhi's per capita income to that of Singapore by the 100th anniversary of the country's .

Exports grow 11 months on trot, rise 43% to $35.65 billion in October

The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices

India set to re-emerge as among fastest-growing economies, says RBI

RBI report is bullish on India prospects despite uncertain global conditions amid risk of faster policy normalisation by central banks leading to tighter financial conditions, stifled growth impulses

Oct WPI inflation hits five-month high of 12.54% on higher input costs

As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said

Centre's tax devolution to states doubled to Rs 95K cr in November: FM

Move to help capex, perk up growth, says FM Nirmala Sitharaman

Recovery tracker: Power generation, freight numbers up post-Diwali

Traffic congestion also saw an uptick compared to the previous week

Booming stock market and ailing economy

It is very good that the public authorities are interested in economic growth but the approach needs to change

Gainers and losers from decarbonisation

Profit and loss through periods of technical change are not unprecedented

Message from MGNREGA

Low-skill manufacturing jobs needed to sustain economic growth

Indian economy to grow at double-digits this fiscal: CEA Subramanian

Indian economy is expected to see a double-digit growth in 2021-22 and between 6.5-7 per cent in the next financial year, outgoing chief economic advisor K V Subramanian said on Sunday.

Richest 20% facing more inflation than poorest 20%, says CRISIL

The gap widened in rural areas in October relative to September as inflation for the bottom 20 per cent fell more