Page 233 - Indian Economy

Sitharaman urges full vaccination for economy, industry to work normally

Calls for more private sector participation in extending reach of govt schemes to rural India

Recovery tracker: Slower growth in rail freight, power generation

Some indicators are lower than their peak in August

BS Views of the Week: Why has India's growth slowed and how to create jobs

From explaining why India's economic growth has been down to a crawl in recent years to how the government can create jobs in urban India, here's what Business Standard columnists and editorials had to say this week.

Improve governance and rules instead of privatisation: Raghuram Rajan

Rajan was also critical of the government for not focusing enough on healthcare and education, and cutting down on expenditure

IIP growth in July declines to 11.5% despite easing of Covid-19 curbs

However, most segments are back to pre-pandemic levels, offering a ray of hope

What auto sales tell us about the demand problem in Indian economy

Wholesale two-wheeler sales are lagging PV sales by 10 steps, while retail 2W sales are 22 steps behind retail car sales, an analysis of auto sales data shows

Elevated inflation can be a drag on overall economic recovery: Ind-Ra

India Ratings and Research (Ind-Ra) has said that salaried and wages earners will be a drag on overall economic recovery in medium term due to tepid recovery of household consumption.

India's merchandise exports to touch $98 billion during Q2 of FY22

Export-Import Bank of India (India Exim Bank) on Friday said it forecasts India's total merchandise exports to $98.45 billion for the second quarter of FY22.

Govt to release incentive arrears worth Rs 56,027 crore to exporters

Clearing their dues has been a long-standing demand of exporters

Economic recovery to continue even in event of third wave: FinMin

The index of eight core industries for July 2021 rose 9.4 per cent year-on-year (YoY)

India's industrial sector grows, manufacturers continue to struggle

Their revenue share in listed space declined to record low of 27.2% in Q1FY22

FinMin releases Rs 9,871 crore to 17 states as revenue deficit grant

The Finance Ministry on Thursday said it has released the sixth monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.

Govt likely to reintroduce the TMA scheme for farm exporters

A person aware of the matter said that the decision was taken in a meeting on 'export logistics Issues and their resolution'

Indian economy is on the recovery path, says MPC's Mridul Saggar

The Indian economy is on the recovery path, but structural challenges remain, Saggar said at an event

Why has India's growth slowed?

The slowdown in growth is primarily on account of the banking crisis

RBI to do everything to help economy recover : Exec Director Mridul Saggar

Reserve Bank of India will do everything to make the economy recover in a non-disruptive manner, its executive director Mridul Saggar said on Thursday.

ECB to 'moderately' slow asset purchases as economic outlook improves

The European Central Bank says it is dialling back some of its massive emergency pandemic support for the economy.

RBI optimistic about 9.5% GDP growth estimate for FY22 being met: Das

'We don't anticipate a scenario of high inflation getting generalised, high asset prices not feeding price rise,' says RBI Governor

V-shaped recovery in Q1 shows strong macroeconomic fundamentals: FinMin

The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals

India to post strong GDP growth in coming quarters even with inflation: S&P

India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday. The economy is expected to clock 9.5 per cent growth in the current fiscal year, followed by 7 per cent expansion in the next year, it said, adding high nominal GDP growth would be important for ensuring fiscal consolidation going forward. "Given India's weak fiscal settings and high stock of debt around 90 per cent of GDP, the nominal GDP growth is going to be very important to prevent any further erosion of fiscal settings in the country and to enable some degree of fiscal consolidation going forward," S&P Global Ratings Director (Sovereign) Andrew Wood said. He said the fiscal deficit would remain elevated over the next two years but debt/GDP ratio is expected to stabilise or flatten out. Wood further said India's external position has strengthened in the context of the pandemic and India has been