Page 2 - Economy Growth

Poised for higher growth: Digital India revolution is on a sound footing

Boldly embracing technology-based interventions will empower people and enable New India to attain the desired level of sustainable and inclusive growth

Indian economy to grow 7-8% in next couple of decades: Panagariya

Indian economy, which has grown fairly rapidly in the last 17 years, will grow at 7-8 per cent in the next couple of decades, former Niti Aayog Vice Chairman Arvind Panagariya said on Wednesday. He also rejected the idea of comparing India's economic situation with that of Sri Lanka, which is facing an economic crisis, and emphasised that India is a very stable economy. "We have been growing fairly rapidly in the last 17 years... We will grow 7-8 per cent in the next couple of decades," Panagariya, who is currently a Professor of Economics at the Columbia University, said. Speaking at an event organised by Columbia Global Centre here, he noted that the country's economy grew 7.4 per cent between 2014-15 to 2019-20. The World Bank has cut India's economic growth forecast for the current fiscal to 7.5 per cent. India's economy grew 8.7 per cent in 2021-22 where it had contracted 6.6 per cent in the year-ago period. On GST, Panagariya said, "we should get to two GST rates ...

Crude oil prices volatile ahead of G7 discussions on Russian exports

Oil prices are showing a shaky trend just before G7 discussions on export of Russian crude oil supplies amid the Ukraine Russian conflict.

Signs that inflation is peaking amid global monetary policy action: Patra

The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic

As China deals with Covid, nearly 1 in 4 European firms consider moving out

Of the firms considering a shift in investment, 16% said they were looking at relocating to Southeast Asia, while 18% said they were looking elsewhere in the Asia-Pacific region

Colombo Port City: Sri Lanka's economic game changer

Sri Lanka is going through its worst economic crisis. But the Colombo Port City can be 'a game changer', says Saliya Wickramasuriya, Director General of the project, in a chat with Aditi Phadnis

PwC's Sanjeev Krishan on what's on the minds of Indian CEOs

99% Indian CEOs foresee a stronger economy in the coming year, says PwC's Annual Global CEO Survey. Get a better understanding of the sentiment among CEOs from Sanjeev Krishan, Chairman, PwC in India

Industry leaders confident about economic recovery, expansion: Survey

Optimism and confidence are ruling high amongst Indian businesses as a significant percentage of industry leaders are positive about India's economic growth and expansion

Japan's factory activity expands at fastest pace in 6 months in October

The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in Oct rose to 53.2 on a seasonally adjusted basis from 51.5 in the previous month, expanding for the ninth consecutive months.

Is India looking at a V or W-shaped economic recovery in FY22?

If one looks at year-on-year growth, the recovery is V-shaped after the first quarter because of 20 per cent economic expansion

Delhi govt collects Rs 5,281 cr GST in first quarter of this financial year

In a sign of revival in the city economy hit by COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year

Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%

The weighted average cost of borrowing for the states has fallen by 20 bps over the past week to 6.75 per cent at the latest auctions.

India needs more economic reforms to ensure growth, attract investment: IMF

In recent weeks, several international companies have pledged $20 billion FDI in India, and a whopping $40 billion this year so far

This is an opportunity to make outsized gains over the next few years

We believe the debt market is very attractively priced from a short-to-medium term perspective.

G-20 finance chiefs, bankers see downside risks to global economy growth

The delegates managed to extract a key concession from the U.S. by including a focus on climate change in the final communique.

People keen to hear facts about economy, not abuse: Chidambaram to PM Modi

Claiming that the PM and his ministers seem to be cut off from reality, the former finance minister suggested economic issues on which they can speak about in the Delhi elections

Reviving economic growth

The IMF has some useful suggestions

India must liberalise economy more to benefit from FTAs, says Surjit Bhalla

Sources also added that overall, we are clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiations.

Demonetisation hit economic activity by 3 percentage points: New study

The first district-level study on demonetisation says full impact was not visible in official statistics

Labour-intensive industries can spur growth, says Rakesh Mohan

His paper is significant since it comes just before the newly-elected National Democratic Alliance (NDA) government presents its first annual Budget on July 5