Page 19 of Indian Economy

The services sector cannot provide jobs in the required numbers, so the manufacturing sector, particularly the MSME segment of it, could play a major role in job creation.

Job creation should be Budget’s top priority: Duvvuri Subbarao, former governor, RBI

The increase in inequality is by far the deepest scar that the pandemic is going to leave behind. This has…

January 28, 2022 05:15 IST

Certain positive thrusts from the government are making them go digital while certain regulatory challenges seem to be applying brakes to their pace of adoption, preventing them from jumping on to the digital bandwagon.

The requirement that small businesses register under GST if they want to sell online, even when their turnovers are below…

January 28, 2022 04:15 IST

The Centre via Budget may invest 18% more in FY23 than in FY22 at around Rs 6.53 lakh crore to retain its budgetary capex at 2.5% of GDP as in FY22 (assuming 12.5% nominal GDP growth for next year over the advance estimate for the current year).

Extra Push: Capex outlay in FY23 pegged at Rs 10.5 lakh crore

Spend by the Centre, CPSEs to be up about 9% over FY22 BE

January 27, 2022 06:00 IST

IMF cuts India’s economy growth forecast to 9% in FY22

The IMF’s forecast is less than 9.2 per cent that the government’s Central Statistics Office has predicted and 9.5 per…

January 25, 2022 18:50 IST

Third COVID wave may not dent medium term growth prospects, sectoral recovery to be uneven

For now, the RBI is sticking to its growth projection of 9.5 per cent for the current fiscal and has…

January 22, 2022 15:35 IST

The agency expects the fiscal deficit to come in at 5.8-6 per cent of GDP in 2022-23. (Representative image)

India Ratings projects economy to grow at 7.6% in FY23

Another factor that has impaired the consumption demand lately is an abrupt rise in the health expenditure of households.

January 20, 2022 15:32 IST

Double-digit growth: Putting Indian economy in a higher gear

Though Covid continues to be a source of uncertainty, the extensive

January 20, 2022 15:13 IST

In its pre-Budget meeting, industry association CII has urged the finance minister to extend the scheme to further boost employment. (File)

EPF sops for new jobs may stay in FY23

The rising unemployment rate, which stood at four-month high of 7.91% in December, according to CMIE, is also adding to…

January 19, 2022 03:20 IST

Market estimates predict that the value of digital payments could jump three-fold from USD 300 billion in 2020-21 to USD 1 trillion by 2025-26. (File/Reuters)

India’s overall economic activity remains strong, says RBI article

The central bank said the views expressed in the article are those of the authors and do not necessarily represent…

January 17, 2022 19:19 IST

World Bank retains India’s economic growth forecast at 8.3 pc for 2021-22

Global growth is expected to decelerate markedly from 5.5 per cent in 2021 to 4.1 per cent in 2022 and…

January 12, 2022 17:07 IST

Modi’s PLI scheme to help Indian economy beat China; India to grow faster than emerging markets: World Bank

The World Bank said it has upgraded its expectations for India’s growth to 8.7% in FY 2022-23 “to reflect an…

January 12, 2022 14:44 IST

The booming start-up ecosystem calling the Indian diaspora back

The last 2 pandemic years have been a conundrum for businesses across the nations but what came out crystal clear…

Updated: January 8, 2022 12:12 IST

India’s trade deficit could soon double to $200 billion, as domestic demand drives up imports

The country’s trade deficit is expected to widen to $190 billion in the current fiscal year 2021-22, and further to…

January 5, 2022 14:55 IST

India’s service sector sees soft expansion in December; service PMI falls to 3-month low

According to IHS Markit the seasonally adjusted India Services Business Activity Index fell to a low of 55.5 in December…

January 5, 2022 13:24 IST

Brace for costlier goods going ahead; manufacturers avoid price hikes despite high costs, but not for long

Manufacturers in India have avoided increasing prices even amid high input cost inflation but consumers must brace for price hike…

January 4, 2022 16:04 IST

It said the Omicron cases are spreading at a faster pace in India and about 60 per cent of the overall infections are reported to be that of the new variant. (Representative image)

Rising Omicron cases can impact growth by 0.3% in March quarter, says report

The economists said they were earlier estimating Q4 growth to come at 6.1 per cent, which can get impacted by…

January 4, 2022 16:01 IST

Nifty 50 ends 2021 almost 24% higher, but these sectors outperformed the benchmark this year

Nifty Metal index was top performer among NSE sectoral indices in 2021, skyrocketing 70% in the calendar year to end…

Updated: December 31, 2021 18:01 IST

SEBI asks mutual funds not to invest in crypto until regulatory clarity

SEBI chairman Ajay Tyagi said until there is clarity in policy from the government, it would not be ideal to…

December 29, 2021 10:53 IST

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Analysts eye RBI’s December cut, FII bets & global trends as key market triggers

Market48 min ago

The stock market will be affected by macroeconomic data, global trends, RBI’s interest rate decision, and foreign investors’ trading activity in the upcoming week. India’s industrial production and automobile sales data for October and November will also play a role. The RBI’s monetary policy meeting and global PMI readings will be closely monitored.

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