Page 227 - Indian Economy

Trade deficit at all-time high of $23 bn in Sept on festive season imports

Export growth halves to 23%, imports soar by 85%; repercussions likely on current account balance which is set to hit a deficit in Q2 against surplus in first quarter of current fiscal

The medium-term macro-fiscal prognosis

For rich economies, the pandemic is an aberration

Govt debt likely to breach 90% of GDP this year, says IMF report

The Centre's debt was at 58.8 per cent of GDP in FY21. It fell slightly to 57.6 per cent in the first quarter of FY22

USIBC meets FM Nirmala Sitharaman; praises India's reform trajectory

Members of the influential US India Business Council in their meeting with Union FM Nirmala Sitharaman Wednesday praised India's reform trajectory and exuded confidence in the growing Indian economy.

SC stays GST on royalty paid by petitioner to state for mining rights

GST at the rate of 18 per cent is imposed on royalty given to the state governments for mining rights

FM Sitharaman says India looking at near double-digit growth this year

Pitches for urgent reforms in UN, World Bank, IMF as 'they no longer speak for all nations'

Gati Shakti to make policymaking effective, cut needless expenses: PM Modi

Projects will be designed and executed with a common vision across various ministries

Strong forex reserves to help India manage global shocks: D Subbarao

Strong foreign exchange reserves in India will not insulate it from any global shocks but will help manage them, former Reserve Bank of India Governor D Subbarao said on Wednesday

Indian economy is recovering from Covid-19 crisis: World Bank President

Last week, the World Bank projected the Indian economy to grow at 8.3 per cent this year.

Retail sales near pre-Covid levels with 96% recovery: RAI

Category wise, consumer durables and electronics; food and groceries and quick service restaurants (QSR) have fully recovered and are indicating double digit growth on pre-pandemic levels

Cement demand to remain strong in FY22 on rural, infra requirement: Icra

Capacity additions to keep utilisation levels under check in FY22, FY23

IMF keeps its India economic growth projection for FY22 unchanged at 9.5%

Says India will be the fastest-growing major economy in the world again

The state of states

India's fiscal challenge can get worse if states spend more even with lower revenue growth

Tax collections to foreign trade, economic recovery maintains momentum

Employment conditions and consumer sentiments have also improved dramatically, suggests CMIE data

Households cautiously optimistic

The index of consumer sentiments scaled up by a handsome 7.9 per cent in September

Reform-oriented governance reason for market outperformance: Mukul Kochhar

In an interview, Kochhar says monetary policy normalisation is a definite risk but India is better placed, thanks to its strong macros

Statsguru: Charting key factors, challenges behind India's credit ratings

Moody's Investors Service changed its outlook from negative to stable on October 5

Why Moody's improved outlook on India might require a discerning look

The ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time

Does India have a case for the upgrade it seeks from rating agencies?

The economy is yet to reach pre-pandemic level on many fronts, fiscal deficit and debt-to-GDP ratio remain pain points; however, key reforms could work in the country's favour

Aim for $450 bn-$500 bn exports next year: Piyush Goyal tells exporters

Govt negotiating FTAs with various countries and blocs including the UK, UAE, Oman, Australia, Canada, EU, Russia and Southern African Customs Union, says Commerce Minister