Page 77 of economy news

IMF cuts India's economic growth forecast to 6.8 pc in 2022

Now, IMF cuts India’s FY23 growth forecast to 6.8%

The IMF expects China’s growth to hit 3.2% in 2022 and 4.4% in 2023, down by 10 basis points and…

Updated: October 12, 2022 07:56 IST

Indian economy’s growth slow but steady, awaits festive boost

S&P Global India said weak external demand weighed on overall sales, while the World Bank separately cut India’s growth forecast…

October 11, 2022 10:09 IST

revenue spending, Infra ministries, Infra ministries spending,

Govt not to hold back revenue spending meant for infra depts

Infra ministries with poor record being nudged to improve spending

October 10, 2022 06:25 IST

Express Adda, Chief Economic Adviser, CEA, V Anantha Nageswaran, economy news, Indian Economy

Best case scenario will be growth rate with 7% handle in front: CEA V Anantha Nageswaran

‘Demand boosters cannot solve every crisis’

Updated: October 9, 2022 11:04 IST

gdp growth, yield cuyrve, mutual fund, debt fund manager,

Use short duration funds to ride rate hikes

The yield curve is currently flat and there is not much additional compensation in terms of higher yield for the…

October 8, 2022 02:00 IST

RBI to soon launch e-rupee on pilot basis for limited use

The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and…

October 7, 2022 17:49 IST

India growth forecast cut, but country recovering faster than others: World Bank lists advantages

In its latest South Asia Economic Focus released ahead of the annual meeting of the International Monetary Fund and the…

October 6, 2022 18:09 IST

Modi govt releases Rs 7,183 cr revenue deficit grant to 14 states; check which states got most and least funds

For this fiscal, 14 states have been recommended, excluding Haryana, Karnataka, and Tamil Nadu. The eligibility of the states has…

October 6, 2022 17:49 IST

World currency reserves shrink by $1 trillion in record drawdown

India’s stockpile, for example, has tumbled $96 billion this year to $538 billion. The country’s central bank said asset valuation…

October 6, 2022 13:51 IST

India, Indonesia debt outperforms China despite global selloff

The rupiah and the rupee were the top performing emerging Asian currencies in the three months to September. And local…

Updated: October 6, 2022 13:43 IST

Current account deficit to widen as demand slowdown abroad hits India’s exports; may hit 3.3% of GDP

The possibility of widening exists despite the improvement in trade deficit recently reported by the Reserve Bank of India. India’s…

October 5, 2022 11:24 IST

Increase in tea prices to offset impact of wage rate hike in Assam, West Bengal

The production loss in Sri Lanka is likely to continue for some more time, which would keep supply tight in…

October 4, 2022 15:32 IST

RBI hikes rate by 50 bps

Total 190 bps hike since May to tame inflation.

October 1, 2022 06:30 IST

Sufficient stocks in FCI godowns to meet requirement of food law, free ration scheme: Government

The Kharif marketing season runs from October-September.

September 30, 2022 21:15 IST

The government will now borrow Rs 5.92 trillion through dated securities in the second half, or just 41.7% of the revised full-year target of Rs 14.21 trillion, the finance ministry said, a day before the central bank will most likely raise the interest rate again.

Govt cuts H2 borrowing target by Rs 10,000 cr

Rs 16,000 cr to be raised via green bonds; govt may raise NSSF offtake

September 30, 2022 03:45 IST

external debt, GDP, Indian Rupee, economy, economy news

India’s external debt declines by USD 2.5 billion in Q1 FY23

The external debt to GDP ratio declined to 19.4 per cent at end-June 2022 from 19.9 per cent at end-March…

Updated: September 29, 2022 20:12 IST

Unemployment is at 3.7%, low by historic standards. There are currently about two jobs for every unemployed American.

US economy drops at 0.6% annual rate from April through June

Consumer spending grew at a 2% annual rate, but that gain was offset by a drop in business inventories and…

September 29, 2022 18:30 IST

Sovereign Green Bonds, borrowing programme, govt borrowing programme, borrowing programme for h2

Govt lowers borrowing target for FY’23; to borrow Rs 5.92 lakh cr in second half

In a statement, the finance ministry said the government will do total borrowing of Rs 5.92 lakh crore during October-March…

September 29, 2022 18:11 IST

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Markets trending higher: Nifty near 25,400, Sensex rises 270 points; Axis Bank up 3%

Market39 min ago

Indices opened higher, with NSE Nifty 50 and BSE Sensex rising 0.29% and 0.33%, respectively. Bank Nifty also opened higher, along with small and midcap stocks. The US administration’s comments hint at a possible trade deal with India, given China’s actions. Indian macros remain strong, but exports and jobs in labour-intensive areas have been hit. Technical analysis suggests a bullish momentum.

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