Page 9 - Economic Growth

Budget must strike a balance between growth and equity

The uneven growth across various sectors and unequal distribution of benefits of economic growth cannot be ignored

BS Views of the week: India's rising unemployment rate; the missing link that could rescue Paytm

Icra revises AUM growth outlook for retail NBFCs to 5-7% from 8-10% in FY22

The agency said the growth outlook would be exposed to downside risk in case of significant disruptions caused by the new wave of infections in Q4 FY2022.

Pakistan registers 5.3% economic growth in 2020-21, says minister

This is the second time the GDP rate for 2020-21 has been revised

Economy set to improve over next 12 months: PwC Annual Global CEO Survey

India's economic growth is all set to improve over the next 12 months despite the coronavirus pandemic-related problems and global headwinds, says the PwC Annual Global CEO Survey

UN forecasts lower global economic growth for 2022 and 2023

The report said labour shortages in developed economies are adding to supply chain challenges and inflationary pressures

Economy goes down when number of days with extreme rainfall go up: Study

A study by a team of Potsdam scientists found that economic growth goes down when the number of wet days and days with extreme rainfall go up

Annual Economic Survey explained

Before the Union Budget, the govt releases the Economic Survey. It is an annual document that offers a peek into India's economic development over the previous fiscal year. This report explains more

J&K's economy can be scaled up to Rs 3.6 trillion within 5 yrs: Chief secy

Jammu and Kashmir Chief Secretary Arun Mehta has said with the collective efforts of the administration and banks, the economy of the Union Territory can be scaled up to Rs 3.60 lakh crore within the next five years. Mehta stated that the administration is committed to lower the unemployment rate in Jammu and Kashmir to below the five per cent mark and directed the banks to provide its facilities in identified uncovered villages by March 31. "With the collective efforts of the government and banks, the economy of Jammu and Kashmir, which is presently at around Rs 1.80 lakh crore, can be scaled up to Rs 3.60 lakh crore within next five years," Mehta said. Chief Secretary and Deputy Governor of Reserve Bank of India, M K Jain on Friday co- chaired the special meeting of J&K level bankers' committee to review the measures taken by banks in enhancing the flow of credit in UT. Informing that digitisation of land records in Jammu and Kashmir has been completed and access to land records

HSBC sees coronavirus surge slowing India's economic growth this year

Economic cost will be there, but hopefully it will just be about a third or lower than the economic cost of previous waves, HSBC economist Pranjul Bhandari said

Japan's manufacturing activity growth softens in December: Report

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index (PMI) in December fell to 54.3 on a seasonally adjusted basis, easing from the previous month's 54.5

At 7.2%, Singapore's 2021 GDP grows at fastest pace in over a decade

The city-state's economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line with the government's official projection and rebounding from the record 5.4% contraction in 2020

India's economic growth rate over 8%, foreign investment at record high: PM

Prime Minister Narendra Modi on Saturday said that the country's economic growth rate is over 8 per cent.Speaking at the release of the 10th installment of financial benefit under PM-KISAN, the Prime Minister said that the foreign investments, forex reserves, and GST collections are also at record high levels."Today the growth rate of our economy is more than 8 per cent. Record foreign investment has come to India. Old records have also been broken in the GST collection. We have also set new paradigms in the matter of exports and especially agriculture," said PM Modi.PM Modi said that it is time to start a "new vibrant journey" of the country's resolves in the year India will complete 75 years of independence."Today, as we are entering the new year, taking inspiration from our efforts of the past year, we have to move towards new resolutions. This year we will complete 75 years of our independence. This is the time to start a new vibrant journey of the country's resolves, to move ...

Indicators show Indian economy was growing steadily before Omicron hit

All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called 'Animal Spirits' unchanged at 5

Less economic activity in lockdown led to low air pollution in most parts

According to the study, ozone, carbon monoxide and NO2 showed an increase of about 15 per cent over the central-western part of India

Growth momentum loses steam in Nov amid demand, supply disruption: ICRA

Rating agency ICRA on Friday said the growth momentum lost steam in November 2021 on the back of "some satiation" of pent-up demand as well as supply chain disruptions

Motilal Oswal cuts FY23 growth forecast to 6.3% amid growth 'uncertainty'

The estimate is lower than the market consensus of 7.6 per cent, and the RBI's more optimistic 8-8.5 per cent, Motilal Oswal said

Mobile internet enabling inclusive growth: Nobel laureate Michael Spence

Nobel prize winning economist Michael Spence said that mobile internet is enabling inclusive growth and opening up employment opportunities.

Web 3.0 a $1.1 trn growth opportunity for India: USISPF-CrossTower research

Digital assets like Bitcoin, Ether, Solana, etc are the fuel of future financial ecosystem and Web 3.0, report says; CrossTower chief says India's stance on crypto is unfavourable

Omicron likely to reinforce IMF downgrade of global growth forecasts: MD

Omicron variant is likely to reinforce a downgrade of IMF's outlook on the global economy, Managing Director Kristalina Georgieva said