Page 239 - Indian Economy

GDP to expand by 20% in Q1, to be lower than pre-Covid levels: Icra

The GDP growth is estimated to come at the "deceptively high" level of 20 per cent for the Apr-Jun 2021 quarter but is far below the same in the pre-COVID times, rating agency Icra said on Wednesday

Uniform guidelines are needed for asset monetisation, say experts

However, experts believe that there should be some safeguards to give comfort to investors as these assets or projects involve risks

Auto-debit bounces dip in July as financial stress eases for borrowers

According to the NACH data, of the 86.4-million transactions initiated in July, 33.23 per cent, or 28.7 million transactions, failed, while 57.7 million were successful.

RBI says inflation is on track to meet projections for rest of FY22

The RBI is mandated to bring down retail inflation to 4% over the medium term while keeping it within a range of 2-6%, a band it has breached twice this year.

Sentiments recovery lags in middle-income households

While the recovery in sentiments in July is impressive, it needs better traction in the critical income groups

Inflation bites: High commodity prices hit India Inc's profits, margins

The adverse impact of inflation and higher commodity prices is visible in the overall corporate results for Q1FY22

Wholesale inflation eases to 11.16% in July as food prices soften

The wholesale price index (WPI) inflation is at a three-month low but remained in double digits in this fiscal year so far

India's GDP likely to grow 13-23% in first quarter, say economists

The IIP was up 45 per cent in the first quarter due to the 134.63 per cent rise in April owing to a low base

Gati Shakti: Govt intends to power up economic recovery via infra building

Infra investment acts as a bulwark for further investment in the economy

Reserves: The RARE model in India

'The fiscal situation in India is quite weak, which is why the international ratings of the Indian sovereign are consistently very low', says the author

Inflation to be within target range in FY22, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal

Biz activity last week higher than pre-Covid level for first time: Report

The Nomura India Business Resumption Index), which measures the activity on a weekly basis with the pre-pandemic levels being the base, rose to 101.2 for the week ended Aug 15, from 99.6 last week

We have come a long way since Independence

'The Finance Minister devoted a lot of time to explaining the difficult balance of payments position and rapid depletion of foreign exchange reserves', says the author

Inflation pressure may build up again after Oct as economy revives: Experts

Retail price inflation falling in July to a three-month law could be a blip that disappears with rising consumer demand.

Rhetoric and reality

PM's emphasis on less govt interference is the way to go

Govt's Rs 100 trn infra plan to ensure all-round development: Industry

The announcement of a Rs 100 lakh crore 'Gatishakti' initiative by Prime Minister Narendra Modi will lead to an all-round national development with focus on jobs, growth

Modi promises infra boost, jobs, reforms in Independence Day speech

In a speech marking a break from his usual practice, Modi speaks about how future PMs would judge him and his place in history.

India's forex reserves rise by $889 mn to lifetime high of $621.464 bn

The country's foreign exchange reserves increased by USD 889 million to a lifetime high of USD 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday

Exports rise nearly 50% in July to $35.43 bn; trade deficit at $10.97 bn

Exports surged 49.85 per cent to $35.43 bn in July on account of healthy growth in petroleum, engineering, and gems and jewellery segments, even as trade deficit widened to $10.97 bn during the month

20 states carrying forward Rs 2.6 trn of debt-money into FY22: Report

Most states are likely to be in better fiscal health this financial year as 20 of them are collectively carrying forward Rs 2.6 lakh crore borrowed in FY21 to this fiscal, says a report. This also explains why the states have been borrowing less so far this year despite the pandemic-driven revenue crunch and the soaring public expenses towards health and food, as per the Icra Ratings report released on Friday. Given the pandemic and the resultant financial crunch, the Centre allowed states to borrow up to 5 per cent of their gross state domestic product (GSDP) -- resulting in an aggregate borrowing of Rs 8.5 lakh crore -- in FY21 as they faced massive drop in revenues and higher expenses towards supporting the people hit by the lockdowns. As of August 10, when the state debt was auctioned last, the borrowings by the states so far in FY22 has been 11 per cent less year-on-year and 15 per cent lower than the amounts shown in the indicative auction calendar. A total of 23 states and .