Page 25 of economic growth

Eminent economist and BR Ambedkar School of Economics (BASE) Vice-Chancellor NR Bhanumurthy said at present Indian economy is facing multiple headwinds largely from external sources.

Indian economy to grow by 7-7.8 pc in FY23 despite global headwinds: Experts

“With better agricultural production and revitalised rural economy India should touch 7 per cent growth in the current year despite…

June 23, 2022 17:07 IST

Highlighting the strength of the Indian economy, he said there is an opportunity to invest USD 1.5 trillion under the country's national infrastructure pipeline.

Expecting 7.5 pc economic growth rate this year: PM Modi

In a virtual address at the BRICS Business Forum, Modi also said the value of the Indian digital economy will…

June 22, 2022 18:51 IST

We currently expect the Indian economy to achieve the $5 trillion threshold by FY2027 or FY2028,” said Aditi Nayar, chief economist at Icra.

$5 trn GDP target within reach, absent external shocks

High real growth, relatively stable rupee to hold the key

June 22, 2022 03:15 IST

The governor observed that the law states that the course of monetary policy is not the MPC’s unilateral decision. The provision in the RBI Act says that the RBI shall maintain price stability defined in terms of 4+/-2% while keeping in mind the objectives of growth, he added.

FE Modern BFSI Summit 2022: Faster tightening of monetary policy would have been disastrous for economy, says RBI Governor Shaktikanta Das

The governor pointed out that the inflation target range of 2-6% has been given to the MPC to deal with…

June 18, 2022 04:00 IST

The latest GDP data showed real growth in FY22 exceeded the pre-pandemic (FY20) level by 1.5%, private consumption by 1.4% and fixed investment by 3.8%. On a year-on-year basis, the economy grew 8.7% in FY22 from -6.6% in the previous year.

India to be a $5-trn economy by FY27, says CEA V Anantha Nageswaran

In 2019, before the pandemic hit the nation and the world, Prime Minister Narendra Modi had envisioned to make India…

June 15, 2022 03:10 IST

"India's macroeconomic position relative to emerging economies appears good, which positions the country as an attractive destination for global investments," NITI Aayog said in a tweet quoting Bery.

Coming decade appears promising for sustained economic growth: NITI Aayog Vice Chairman Suman Bery

Bery further said any appraisal of potential, performance and policies should also take into account the global headwinds, challenges and…

June 10, 2022 18:58 IST

Speaking at the 'India's Economic Journey@75' event, being jointly organised by the Department of Economic Affairs and Sebi as part of the Azadi Ka Amrit Mahotsav iconic week celebration, she said India, with its strong fundamentals, has periodically faced challenges and emerged out of it.

FM Nirmala Sitharaman says govt’s enabling policies, proactive steps helped India deal with pandemic

The minister said various steps taken by the government since 2014 helped keep the economy and people afloat in difficult…

June 8, 2022 17:15 IST

India’s growth to enhance once cloud of pandemic, geopolitical conflict recedes, says CEA Anantha Nageswaran

Speaking at the finance ministry’s iconic week celebrations of ‘Azadi ka Amrit Mahotsav’, the CEA said India is right now…

June 8, 2022 13:25 IST

The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.

World Bank cuts India’s economic growth forecast to 7.5 pc for FY23

S&P Global Ratings too had cut India’s growth projection for 2022-23 to 7.3 per cent, from 7.8 per cent earlier,…

June 7, 2022 19:27 IST

India’s growth rate weakening, no sign of promised recovery: Chidambaram

He said this after the country reported an overall GDP growth of 8.7 percent for the year 2021-22, with the…

June 1, 2022 14:00 IST

Stagflation typically refers to a scenario when an economy witnesses a plunge in growth and spike in unemployment and also inflation. Retail inflation hit an almost eight-year high of 7.79% in April.

No stagflation, Q4 growth better than expected, says CEA

The CEA, however, stressed that the year-on-year growth rate at 4.1%, despite the impact of the third Covid wave and…

June 1, 2022 06:30 IST

"Stagflationary risk to India quite low compared to other countries," he said.

Stagflationary risk to India quite low compared to other countries, says CEA

Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation.

Updated: May 31, 2022 21:15 IST

“IMF is currently revising India's growth forecast for 2022, which may be lower than 8.2 per cent. This is work in progress at the moment," IMF Senior Resident Representative in India Luis Breuer said at an interactive session on ‘World Economic Outlook' organised by the MCC here.

India’s growth projection being revised, might be lower than earlier forecast: IMF official

In April, the International Monetary Fund had lowered India’s growth projection to 8.2 per cent as compared to 9 per…

May 31, 2022 17:09 IST

‘Heatwaves’ credit negative for India: Moody’s says climate-related shocks could hurt growth, worsen inflation

“Over the longer term, India’s highly negative credit exposure to physical climate risks means its economic growth will likely become…

May 23, 2022 15:46 IST

Prolonged high temperatures could worsen inflation, hurt economic growth in India: Moody’s

Over the longer term, India’s highly negative credit exposure to physical climate risks means its economic growth will likely become…

May 23, 2022 12:17 IST

“The risks to our forecasts have picked up since our last forecast round and remain firmly on the downside. The Russia-Ukraine conflict is more likely to drag on and escalate than end earlier and deescalate, in our view, pushing the risks to the downside,” S&P said in its Global Macro Update to Growth Forecasts.

S&P lowers India growth projection to 7.3% for FY23

In December 2021, S&P had pegged India’s GDP growth for FY23 at 7.8%. For the next fiscal, the growth has…

May 19, 2022 00:30 IST

S&P cuts FY23 India growth forecast to 7.3% on rising inflation, Russia-Ukraine war

In its Global Macro Update to Growth Forecasts, S&P said inflation remaining higher for long is a worry, which requires…

May 18, 2022 12:16 IST

"Our business activity monitor for April at 115.7 indicates that activity was roughly 16 per cent higher than the year ago (period) and pre-COVID levels in spite of the global headwinds," Icra Chief Economist Aditi Nayar told PTI.

Economy likely to grow 12-13 pc in Q1: Icra

According to her, higher input costs may dampen GVA growth to single-digits. “Therefore, we maintain our GDP growth forecast at…

May 17, 2022 17:32 IST

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Page 25 of economic growth

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