Tag: indian economy
India set to play key role in global supply chains: FM Nirmala Sitharaman
India is poised for a more crucial role in global value chains, offering policy certainty, skilled manpower and high digital technology adoption, finance minister Nirmala…
India is close to its potential output, needs reforms to accelerate growth: Pierre-Olivier Gourinchas, IMF
India is closer to its potential output, leaving less room to accelerate growth, and hence the country needs to step up investments in infrastructure, upgrade…
monsoon: Normal monsoon forecast eases crop and growth concerns for India
India, which relies on rain for the vast share of its water, forecast that the monsoon will be normal this year, potentially bolstering the outlook…
Indian economy: How NRI money is bolstering India’s economy
The Non-Resident Indians (NRIs) are part of India’s soft power, boosting India’s global image as well as adding to its diplomatic heft. But they hold…
RBI likely to hike benchmark interest rate by 25 bps on April 6
Under pressure to bring down retail inflation and keep pace with global peers, the Reserve Bank may go in for 25 basis points hike in…
GST collections in March jump 13% to Rs 1.6 lakh crore
India’s monthly goods and services tax (GST) collections hit the second highest ever in March, rising 13% from a year earlier to `1.6 lakh crore,…
V Anantha Nageswaran: Indian economy likely to grow at 6.5% in coming decade: CEA V Anantha Nageswaran
The Indian economy is likely to grow at the rate of 6.5 per cent in the coming decade on the back of the turnaround in…
Private consumption continues to be supported by pent-up demand: Finance Ministry
Private consumption in India is witnessing continued momentum and its estimated to grow at 7.3 per cent in 2022-23, reflecting the rebound demand witnessed in…
India’s ‘eye-watering’ 1.7 pc spend on transport upgrade to set stage for $5 trillion economy
India will spend a whopping 1.7 per cent of its GDP on transport infrastructure this year — around twice the level in America and most…
Indian Economy: GDP to grow at 7%; inflation set to moderate: Finance Ministry report
Indian economy is expected to grow at 7 per cent in FY23 despite global headwinds while retail inflation would moderate in line with wholesale inflation…