Page 3 - Macroeconomics

Govt committed to macroeconomic fundamentals, financial stability: FinMin

The government remains committed towards strong macroeconomic fundamentals and financial stability despite global headwinds, a finance ministry report has said. The current global economy is navigating through incredibly rough waters attributed to global uncertainties, the unfolding of conflict in Ukraine, the reaction of financial and commodity markets to the changing scenarios and tight monetary policy, etc. "However, despite hurdles, the Indian economy has performed reasonably well as compared to other major economies and shown its resilience amidst the global slowdown and global uncertainties," as per the statement on Half Yearly Review of the Trends in Receipts and Expenditure in relation to the Budget at the end of the first half of FY'23. The budget 2022-23 was presented against the backdrop of recovery from the unprecedented Covid-19 crisis and clues of global uncertainties on account of the war in Ukraine, it said. The fiscal policy led by favourable macroeconomic ...

Foreign outflows, weak IT sector stocks weigh on benchmark indices

Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions

India will work to promote universal sense of one-ness as G20 President: PM

"During our G20 Presidency, we shall present India's experiences, learnings and models as possible templates for others, particularly the developing world," the Prime Minister said

India not immune to impact of macro-economic environment: Flipkart CEO

Kalyan Krishnamurthy expects the fallout of the global macro environment next year in areas such as company valuations and the funding environment as well

Economy resilient, but sensitive to global headwinds, says RBI article

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday. The article published in the latest RBI bulletin also said the outlook for the global economy remains clouded with downside risks. Global financial conditions have been tightening and deteriorating market liquidity is amplifying financial price movements. Markets are now pricing in moderate increases in policy rates and risk-on appetite has returned. In India, supply responses in the economy are gaining strength, it noted. "With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook can best be characterised as resilient but sensitive to formidable global headwinds," the article said. Urban demand appears robust, while rural demand is muted but more recently picking up traction, it added. The article has been prepared by a team led by RBI Deputy Govern

Unwelcome reminder

Trade weakness would affect growth

Qualcomm gives downbeat forecast as Covid-19 lockdown affect phone market

Qualcomm Inc., the biggest maker of smartphone processors, tumbled in pre-market trading after giving a far weaker forecast than expected, punished by the economic slowdown and Covid-19 lockdowns

Sitharaman in US discusses global macroeconomic situation with Yellen

Union Finance Minister Nirmala Sitharaman on Tuesday in a meeting with her American counterpart Treasury Secretary Janet Yellen discussed a range of issues, including bilateral relationships, the global situation as well as India's upcoming G-20 Presidency. The two leaders discussed the current global macroeconomic situation among other issues of mutual interest, the Finance Ministry said after the meeting. The two ministers also discussed various issues of significance with a view towards India's upcoming G-20 Presidency. Sitharaman during the meeting invited Yellen to India to attend the US-India Economic and Financial Partnership meeting in New Delhi on November 11. This will be her first visit to India as Treasury Secretary. Describing it as a substantive meeting India's Ambassador to the US, Taranjit Singh Sandhu, said: Deepening bilateral economic partnership and cooperation in multilateral forums discussed.

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Business Standard brings you the top headlines at this hour

What is the Jackson Hole conference?

Investors were eagerly awaiting the outcome of the Jackson Hole Economic Symposium. And, the outcome may shape the market momentum for the next few days. But what exactly is this meet?

Systemic reforms boosted India's macroeconomic stability: Ashima Goyal

Eight years of systemic economic reforms under the Modi government have increased India's macroeconomic stability and its capacity to withstand any external shocks, RBI Monetary Policy Committee (MPC) Member Ashima Goyal has said. Goyal further said appropriate countercyclical macroeconomic policy with continuing supply-side improvements has enabled a growth recovery that is among the best in the world. "Just before the Modi government came in, the country was facing serious macroeconomic instability after the global financial crisis. "After 8 years of systemic reforms, the economy has been able to ride out more severe global shocks with macroeconomic stability, a healthy financial sector, food security and a government and industry that have learnt to work together," she told PTI. Prime Minister Narendra Modi assumed office on May 26, 2014. He was administered the oath of office for his second term on May 30, 2019. On the credibility crisis of India's official numbers on a range

Returning to structuralist macroeconomics for unleashing India's growth

The absence of mass-market demand continues to be a limiting constraint

A remarkable teacher: Remembering D-School's Elizabeth Krishna

Elizabeth Krishna worked at the Delhi School of Economics for about a decade and a half from the mid-1960s to late 1970s as a tutor, or teaching assistant

Macroeconomic factors unlikely to stall tech modernisation: Mindtree CEO

Macroeconomic and geopolitical developments are unlikely to turn back or stall business-critical technology modernisation, IT services firm Mindtree's CEO Debashis Chatterjee has said

Macroeconomic challenges revisited

Policies are moving in the right direction, but vulnerabilities remain

Recovery tracker: Higher workplace attendance, railway freight numbers

Vehicle registrations, aviation numbers are worse than before

Debt MFs see Rs 92,248-cr outflow in June on uncertain macro environment

Mutual funds focused on investing in fixed-income securities witnessed a heavy outflow in June, driven by expectations around an increasing rate cycle, higher commodity prices and slowdown in growth

Centre committed to meeting FY23 fiscal deficit target: Official

Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges

Govt committed to 6.4% fiscal deficit target for FY23, says report

India's macroeconomic fundamentals are strong to deal with challenges and the central government is committed to stick to the fiscal deficit target of 6.4 per cent of the GDP for the current fiscal

India prepared to deal with global macroeconomic challenges: CEA

Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking