Page 26 of economic growth

The EU's gross domestic product will expand 2.7 per cent this year and 2.3 per cent in 2023, the bloc's executive arm said Monday — its first economic predictions since Russia invaded Ukraine on February 24.

EU cuts forecast for economic growth as war’s fallout widens

“Russia’s invasion of Ukraine has posed new challenges, just as the union had recovered from the economic impacts of the…

May 16, 2022 17:11 IST

Still, the index grew for the first time in three years in FY22.

Fragile nature of economic recovery: IIP growth inches up to 1.9% in March

In signs that both private consumption and investment are yet to turn the corner on a sustainable basis, growth in…

May 13, 2022 04:45 IST

Morgan Stanley lowers India’s FY23 growth forecast to 7.6%

The revision comes after the investment bank revised its forecast for global growth to 2.9% for 2022, about 40 basis…

May 12, 2022 08:28 IST

Rate hikes by central banks to dampen demand, prolong recovery: Sources

Besides the Reserve Bank of India (RBI), several central banks including the US Federal Reserve and Bank of England have…

May 11, 2022 20:25 IST

India has returned to being one of the fastest growing economies in the world, a status that had been lost well before the pandemic hit.

Indian Economy: Glass half-full or half-empty for India?

The half-empty side of the picture on the economy front outweighs the considerations that push a half-full view

May 11, 2022 01:45 IST

But, given the situation these customers went through, we have taken a prudent provision. If those accounts had also been written off, our gross NPA would have come down to 5.3%.

Double-digit growth may be back in two-three quarters: Ramesh Iyer, vice-chairman & MD, Mahindra Finance

“The good news is that we have started registering asset growth. In the next two or three quarters, you’ll see…

May 6, 2022 05:45 IST

Growth to be in range of 7-8.5% given global uncertainties: CEA V Anantha Nageswaran

As per the Economic Survey, India’s economy is expected to grow by 8-8.5 per cent in the fiscal beginning April…

May 4, 2022 21:24 IST

World’s growth engines are sputtering

Prevailing growth models are not up to pulling economies through unanticipated negative shocks. They have also failed to maintain a…

April 29, 2022 03:40 IST

Capital utilisation likely to dip in near-term, may pick up to 75% by end of 2022, ICRA says

“While the green shoots in private investments are positive, protracted geopolitical tensions and elevated commodity prices could constrain the profitability…

April 28, 2022 15:59 IST

A manufacturing growth formula for Indian policymakers

The growth trajectory for Indian manufacturing must take into account not just the current value added, but also the challenges…

April 28, 2022 03:45 IST

Downside risks to global growth: Downward revision cycle for global economic outlook has begun

Despite the IMF and other forecasters’ prediction of a soft landing, several reasons lead us to believe that this can…

April 27, 2022 03:45 IST

Agriculture sector, farm income, farmers income

Blessing in disguise: How high inflation amid Ukraine war could help improve farm incomes

In 2022, economists are upbeat on improved farm incomes as they expect farmers to benefit from higher MSP (minimum support…

April 21, 2022 13:48 IST

Citing Russia’s war, IMF cuts global growth forecast to 3.6%

IMF also said it expects the world economy to grow 3.6 per cent again next year, slightly slower than the…

April 19, 2022 20:36 IST

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

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PM Internship scheme faces 20% dropout rate in pilot phase

Jobs and Career32 min ago

The government’s PM Internship Scheme (PMIS) is facing a 20% dropout rate due to location and duration constraints, with 6,618 interns leaving in two rounds of the pilot project. Minister Harsh Malhotra cited location, duration, and lack of interest as key reasons. Experts attribute low acceptance rates to the low stipend offered. The budget for PMIS is Rs 2 billion.

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