Page 3 - Economic Growth

Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey

It added that India is third-largest economy in the world in PPP (purchasing power parity) terms and fifth largest in terms of exchange rate

India economic survey likely to peg 2023-24 growth at 6-6.8%: Experts

India's annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source

India, China likely to drive half of 2023 global growth, says IMF

India forecast remains unchanged for FY24

India's 1.4 bn population could become world economy's new growth engine

Bloomberg Economics expects the nation's per capita income to pull even with some developed countries in that span, putting Modi's goal within reach

Belying slowdown fears, Indian economy's animal spirits move to the right

Prices of finished products rose as firms passed on higher input costs and business expenses

Envisioning a truly smart city

The success of the smart city mission depends on urban local bodies, and it is imperative to carve out a bigger role for them in the national development strategies

India Budget to balance capex, social agenda, says Nomura's Sonal Varma

"India will have the benefit of lower subsidy bills, helped by a fall in international fertilizer prices and a readjustment of the nation's free food program," she said

Premature to think India will replace China in influencing growth: Rajan

Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth

73% CEOs globally expect eco growth to decline over the year: PwC survey

In the most pessimistic outlook in more than a decade, a global survey of CEOs on Monday showed 75 per cent of them expecting the global economic growth to decline over the next 12 months. Releasing the annual survey on the first day of the World Economic Forum Annual Meeting here, PwC said this is a significant departure from the optimistic outlook of 2021 and 2022 when more than two thirds thought economic growth would improve. This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago. The survey further showed that nearly 40 per cent of CEOs do not believe their organisations would be economically viable in 10 years if they do not transform. Inflation, macroeconomic volatility and geopolitical conflict ranked as the top global threats while cyber and health risks fell from a year ago. The survey also showed that companies are cutting costs but do not plan yet to reduce headcount or salaries in their fight to .

China's trade tumbles sharply in Dec, clouds 2023 growth outlook

Exports contracted 9.9 per cent year on year in December, extending a 8.7 per cent drop in November

Top headlines: World Bank cuts economic growth forecast, DESH Bill deadlock

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This Budget's focus should be on expenditure, not taxation: Pronab Sen

Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now

No K-shaped recovery in India, pandemic 'leveler' to reduce inequality: SBI

Economists at the country's largest lender SBI on Monday dismissed the 'K-shaped recovery' critique, saying the pandemic was a 'leveler' which helped in reducing inequalities. They said government transfers to the poor alone are adding up to Rs 75,000 per household per annum. It can be noted that in the months following the outbreak of the COVID-19 pandemic, concerns were being raised about deepening inequalities in India, with some calling it as a 'K-shaped' recovery, where rich emerged richer while the poor slipped down further. After analysing data and studies, the SBI economists said, " in hindsight, the pandemic may have been a leveller in terms of inequality with the poor getting protected through measures such as food transfers." It said India has delivered a sharp recovery after the pandemic and acknowledged that critics are still quoting it as a K-shaped recovery for India. " It is true that the strong rise in financial assets resulted in an increase in inequality in 2021

Freebie culture hurting economic growth, must end: L&T chairman A M Naik

Developing infrastructure should be the govt's top priority, says L&T chairman

Price stability top priority for South Asia: RBI governor Shaktikanta Das

'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das

PM Modi to chair second National Conference of Chief Secretaries in Delhi

The three-day Conference, from 5-7 January, will focus on achieving rapid and sustained economic growth in partnership with the States

Opportunities and choices in the Budget

Fiscal consolidation is needed if India is to seek sustainable private sector-led growth

Infra brushstrokes for the Budget

There are seven key areas that the FY24 Budget needs to address to re-energise the infrastructure sector

Top Headlines: India ups windfall tax on crude, 6.5% growth likely in FY24

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Investors must have moderate return expectations in 2023: Nippon India exec

Earnings could be challenging as global economic growth is weakening, says Sailesh Raj Bhan