Page 222 - Indian Economy

Modi govt so far: Not the feared 'disaster', not the anticipated success

Three-quarters into the 10 years that Mr Modi had sought for transforming India, the "output" numbers look impressive, but the key "outcome" numbers don't show up much, if at all, writes T N Ninan

Exports, FDI numbers indicate Indian economy is back in action: Goyal

He said that merchandise exports during April-October this fiscal stood at USD 232 billion and total FDI during the first four months of this fiscal rose by 62 per cent

IIP growth slips to 3.1% in September on waning low base effect

Industrial production growth slips to 3.1 per cent in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well

India's forex reserves decline $1.14 billion to $640.8 billion

India's forex reserves decreased by USD 1.145 billion to USD 640.874 billion for the week ended on November 5 on a fall in currency and gold assets, the Reserve Bank said on Friday. The overall reserves had increased by USD 1.919 billion to USD 642.019 billion for the previous reporting week. Foreign currency assets, a major part of the overall reserves, decreased by USD 881 million to USD 577.581 billion for the reporting week, the RBI said in the weekly data. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Value of the gold reserves decreased by USD 234 million to USD 38.778 billion in the reporting week, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) decreased by USD 17 million to USD 19.287 billion. The country's reserve position with the IMF decreased by USD 14 million to USD 5.228 billion

Inflation-growth dynamics make policy making tough in India: Fitch

Year-to-date inflation averaged 5.2 per cent which is slightly below Fitch Solution's full-year forecast of 5.5 per cent for 2021

Retail credit enquiries zoom 54% in February-October, shows data

Increased demand visible across consumption products

India's heavy reliance on fossil fuels will remain for some decades to come

Despite attempts to cast India as climate conscious, the country's heavy reliance on fossil fuels will remain for some decades to come

Growth to exceed 10% in FY22 on strong agri recovery, says Niti VC

Indian economy is expected to grow by more than 10 per cent in the current fiscal supported by a record kharif crop and bright rabi prospects, Niti Aayog Vice-Chairman Rajiv Kumar has said

India's GDP to rise by $406 bn by 2050 in net-zero scenario: Report

India's GDP will rise by USD 406 billion by 2050 and more than 43 million jobs will be created, as the Asia's third-largest economy leaps towards a net-zero target, according to a report

Dualism and its discontents

Employed vs jobless, formal vs informal, urban vs rural-the pandemic has exacerbated the divide, with lasting consequences for the economy

GDP to expand at 9.5% as growth impulses strong: RBI Governor Das

Stating that growth impulses and the fast-moving economic indicators are strong, RBI Governor Shaktikanta Das exuded confidence in the economy clipping at the projected 9.5% growth this fiscal

Best of BS Opinion: Fencing farm risks, Labouring under illusions & more

Here are the best of BS Opinion pieces of the day

FM Sitharaman to meet heads of banks, other institutions next week

The two-day conference, beginning November 17, would see participation from all public sector banks and financial instit­utions (FIs)

Stage set for India's investment cycle to kick-start, says FinMin

For the first time since January this year, households expected inflation to fall, according to the RBI survey

​​India better placed now than in 2013 to face taper tantrum: RBI Governor

India's record forex reserve also gives a lot of confidence and security to the foreign exchange market, he said

Front-loading of govt expenditure goes for a toss as economy recovers

This year, despite revenue collection in the first half hitting a record, both revenue as well as capital spending are lower than the 50% mark halfway through the year

India on way to becoming fastest growing economy in world: FinMin report

Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said

MGNREGS will need Rs 32K-crore more aid to meet demand: Experts

But a supplementary budgetary support of Rs 50,000 cr would be appropriate to fulfil all requirements of this year: Activists

Best of BS Opinion: After selling the Maharajah, Inflation conundrum & more

Here is the best of Business Standard's opinion pieces for Wednesday

RBI governor, top bankers to bring down curtains on BS-BFSI summit today

The most-awaited chat with the RBI governor will roll into the bankers' panel, bringing down the curtains on an incisive summit that ran for nine days, spanning 11 sessions