Page 63 - Indian Economy

RBI revises framework for currency swap arrangements with Saarc countries

Under the framework, the RBI will enter into bilateral swap agreements with SAARC central banks that wish to utilise the swap facility

FY25 GDP growth may come close to 7.5%: NCAER's Monthly Economic Review

Growth projections have been upgraded by various other agencies as well, with the median projection at 6.9 per cent

Budget 2024: Will recent infrastructure failures attract prompt actions?

Several cases have raised concerns about ongoing roadway projects in India, highlighting frequent delays in their completion

Budget 2024-25 to focus on infra expansion, fiscal consolidation: EY India

EY India said India's economy has shown 'resilience' with GDP expanding by 8.2 per cent in 2023-24 after 9.7 per cent and 7 per cent in the previous two years

Budget 2024: FinMin may revise nominal GDP growth target upwards for FY25

In FY20, the final Budget revised the nominal GDP growth target to 12 per cent from 11.5 per cent assumed in the interim Budget

BS Poll: Majority sees neutral interest rate between 1% to less than 2%

A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend

MSMEs: The nuances beyond financial parameters

With the new government, the hope for a new gambit for MSMEs is a pressing priority at the moment, and any move is welcome in the wake of World MSME Day to be celebrated on June 27

India's economic inequality to persist despite roaring GDP growth: Poll

Inequality is not something that will go away on its own ... it needs proactive government interventions

Budget 2024: SBI Chairman Khara pitches for tax relief on interest earnings

Budget 2024: The general Budget of financial year 2024-25 is expected to be tabled in the second half of July, for which the Centre is currently holding talks with various stakeholders

Dip in e-commerce festival sales adds more woes to China's economic crunch

Sales in 618 had grown even during the pandemic, according to Syntun, and peaked in 2023 at nearly 800 billion yuan

Three-wheeler exports may continue to skid in FY25 over subdued demand

As such three wheeler exports have been declining. According to SIAM data, in FY23, exports fell by 26 per cent, followed by a 17 percent fall in FY24

Mumbai fire safety check: Mills to malls caught in a tinder trap

The second part of the series revolves around Mumbai being vulnerable to fire incidents because of overcrowding and the high cost of robust fire protection equipment

UK overtakes China as India's fourth-largest export market in May

Exports to the European nation grew by a third to $1.37 billion in May. While the disaggregated data for the month of May wasn't immediately available

Cargo handling at India's major ports up 6% to 72 million tonnes in May

Overseas cargo saw a 7.3 per cent growth in May; Kandla bounces back

Is Nabfid the answer to India's infra woes?

Though earlier such attempts had failed, NaBFID should succeed as the ecosystem is changing. Infra projects are a new asset class that offers healthy returns

Back to 'political' economy

Does anyone expect these markers to improve now under a climate of more politics and less economy? Or will we just muddle along as we have done in the past?

Trade deficit at 7-month high on rising imports; exports up 9% in May

Apart from petroleum products, items that drove import growth include transport equipment (31.88 per cent), silver (408 percent), vegetable oil (27.5 per cent) and pulses (181 per cent)

India's wholesale inflation accelerates to 15-month high of 2.61% in May

The inflation in food prices stood at 9.82 per cent during the month, while in May 2023, the wholesale inflation had stood at -3.61 per cent

RBI will not force mergers of urban co-operative banks: RBI board member

In 2021, an RBI's expert committee had suggested that weak UCBs would get a regulatory nudge to explore voluntary merger

India's foreign exchange reserve hits new high of $655.81 billion

Foreign exchange market participants said that the RBI has been absorbing the foreign inflows, which led to the rise in foreign currency assets