Page 26 of economic growth

Their pass-through to retail prices, though limited until now due to the continuing slackness in the economy, needs to be monitored carefully, it stressed.

High inflation threat forces RBI to signal change in priorities

The government is exploring all viable options, including import diversification, to procure crude oil at an affordable price, the department…

April 9, 2022 02:30 IST

"India's current macroeconomic situation is quite positive in the sense that the rate of growth is high. India's foreign exchange reserve is also very high," he told PTI in an interview.

Indian economy in good shape on high GDP growth, foreign exchange reserve: Former RBI Governor Bimal Jalan

Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is…

April 7, 2022 17:43 IST

Indian exports, Asian Development Bank, Indian economy, PLI scheme

Indian exports to benefit from elevated oil and commodity prices, says ADB

“Rising oil and commodity prices, as well as a depreciating Indian rupee, may provide an impetus to exports, especially petroleum…

April 6, 2022 15:55 IST

ADB projects India’s economy to grow by 7.5 pc in FY23; to pick-up to 8 pc next fiscal

Releasing its flagship Asian Development Outlook (ADO) 2022, the Manila-based multi-lateral funding agency said the growth in South Asia is…

Updated: April 6, 2022 09:50 IST

Spending on essentials like personal care and household items has increased for 48% of the families which reflects an increase of 5 percentage points compared to last month. (Representative image)

Axis My India survey: Household spends increased for 62% of families in March

Spends, however, remain the same for 33% of the families, reduced by (-5) from last month.

April 5, 2022 05:20 IST

Engineering exports expected to sustain growth momentum despite geopolitical tension: EEPC

“Engineering goods exports topped USD 111 billion in FY’22 and are expected to sustain the growth momentum in the current…

April 3, 2022 20:33 IST

India at 8% growth can double economy in 7-8 years, says NITI VC Rajiv Kumar

He said that the target of becoming a USD 5-trillion economy is not rhetoric, adding that the country is already…

March 26, 2022 21:08 IST

India’s 2022 GDP growth downgraded to 4.6% due to ongoing war in Ukraine: UN report

The UN Conference on Trade and Development (UNCTAD) report downgraded its global economic growth projection for 2022 to 2.6% from…

March 24, 2022 19:28 IST

Global economic fallout of war in Ukraine is expected to negatively impact Indian economy: IMF

The immediate impact of the conflict on China is likely to be relatively small, the IMF said on Thursday.

Updated: March 17, 2022 21:46 IST

While India will not remain unscathed by the turmoil about to be unleashed by some central banks, India's external sector is better off than it was in 2013, Patra said.

RBI may review growth projection: Deputy governor Michael Patra

Patra said that the geopolitical tensions may make the RBI review its projection on growth in the April policy.

March 12, 2022 03:30 IST

The current global conditions, after about two years of living through the pandemic, are now posing complex challenges for central bank communication, Das said.

Careful communication must while unwinding easy money policy: RBI governor Shaktikanta Das

Das’ comments come at a time when some commentators are seeing the RBI as having been too slow to react…

March 5, 2022 05:30 IST

Global disturbances will hamper recovery across the world: FM Sitharaman

The minister, however, was hopeful that some restoration of peace at the earliest would happen, based on which recoveries could…

February 26, 2022 04:15 IST

She said human welfare needs a conducive environment without any disruptions or disturbances to make the post-pandemic economic recovery sustainable.

Russia-Ukraine conflict: FM Sitharaman says India’s development challenged as world peace threatened

“India’s development is going to be challenged by the newer challenges emanating in the world. Peace is being threatened and…

February 25, 2022 19:22 IST

Just like the case in many other countries, the recovery in India is lagging in contact-intensive services sectors, but it should pick up as the Omicron wave wanes, Moody’s said.

Moody’s raises India 2022 growth forecast to 9.5%

Brent crude oil prices crossed $105 a barrel in intraday trade on Thursday, the highest since 2014, in response to…

February 25, 2022 00:30 IST

Continued policy support crucial for sustained economic recovery from coronavirus pandemic: RBI’s Shaktikanta Das

“In this period of prolonged uncertainty, it would be wise to remain agile and respond in a gradual, calibrated and…

February 24, 2022 19:56 IST

Economic recovery uneven, govt should continue support measures for affected sectors: Report

The Swiss brokerage UBS Securities India, citing their macro tour results, said the economy is on a recovery path with…

February 24, 2022 19:45 IST

Moody’s ups India’s growth forecast to 9.5% for 2022; flags high oil prices, supply distortions

“We have raised our 2022 calendar year growth forecasts for India to 9.5 per cent from 7 per cent, and…

Updated: February 24, 2022 15:35 IST

Budget FY23 is all about leaving no citizen behind

It has a strategic focus on micro welfare ensuring ease of living and foundational infrastructure in rural India

Updated: February 23, 2022 15:24 IST

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