Page 232 - Indian Economy

Recent uptick in bank credit growth augurs well for economy: RBI study

The uptick in the credit growth in the recent months notwithstanding the second COVID-19 wave augurs well for the economy, said an article published in the RBI's latest bulletin.

NARCL will have economies of scale with respect to bad asset aggregation

The long overdue facilitation via NARCL comes at a time when banks' appetite for credit needs to be supported, as the economy turns a corner

Prospects brightening for economy as 2nd Covid wave wanes: RBI bulletin

Prospects are brightening for the Indian economy achieving "escape velocity" from the pandemic as the second wave of COVID-19 wanes and preparedness for future remains on war-alert status

India's record run in stock market raising risks for economy: Research

Market rally has added roughly 1 percentage point to GDP growth each quarter since October-December

India economy to grow at 7.2% in 2021 but could decelerate next year: UN

The report said that India suffered a contraction of 7 per cent in 2020 and is expected to grow 7.2 per cent in 2021.

UNCTAD projects Indian economy to expand to 4-year high of 7.2% in 2021

This is against a contraction of 7% in 2020; UN body sees India outpacing all other major economies in the next year even though the growth would be slower, at 6.7%

As inflation eases, RBI to continue with accommodative stance: Economists

The August consumer price index inflation print came at 5.3 per cent, lower than the consensus of 5.6 per cent.

High fuel prices push up August WPI inflation to 11.39%

WPI inflation rose marginally even as retail inflation measured by Consumer Price Index slipped to a four-month low of 5.30 per cent as prices of manufactured products spiked

India's WPI inflation rises to 11.39% in August on higher fuel prices

Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent

India's August WPI inflation quickens to 11.39% on higher fuel prices

Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.

Inflation pullback boosts RBI's easy money policy before Oct policy meeting

Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday

India's retail inflation eases to four-month low of 5.3% in August

Retail inflation had breached the RBI's target of 2-6 per cent in April as the Covid-induced lockdown impacted supply

Formal sector, administration raises tax kitty 29% in Apr-July from FY20

Year-on-year, the collections grew by 83%. This growth was misleading since it comes on a 30% drop in tax mop-up a year earlier

Urban safety net

Govt needs new ideas to address distress in cities

Recovery tracker: Traffic up, workplace visits peak since national lockdown

Power generation and freight growth slow down

India's retail inflation eases further to 5.3% in August

Inflation is within RBI's 2%-6% comfort range for a second month. But it has been above the medium-term target of 4% for nearly two years

Statsguru: Silver lining for salaries in 2022 as business outlook improves

India still has a lot of ground to cover, since only 12.48 per cent of the country's population is fully vaccinated

Q2 manufacturing outlook seen improving, cost of biz a worry: Ficci Survey

Percentage of respondents reporting higher production in the second quarter of 2021-22 (July-September) was much above the 50% mark, at about 61%

Winners and losers in shipping crisis

Indian exporters complain of increase in freight rates by 300% to 1000% for various destinations and additional charges

India expected to grow 10% during current fiscal: NCAER Director General

The economy is expected to grow around 10% during the current financial year on the likelihood of fewer Covid-linked supply disruptions and buoyancy in the global economy, said NCAER's Poonam Gupta