The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan
Hoping for a double-digit growth in GDP in this financial year, Union Finance Minister Nirmala Sitharaman on Saturday said the nation is on a strong wicket when compared to others, and is responsive in terms of extending hand-holding to the required sections. Speaking to media persons here, she quoted reports saying the country has zero per cent chance of slipping into recession. "I hope for (double-digit growth). We will work for it... So if you're not on the verge of recession, it also gives me the confidence that if you are constantly responsive in terms of the sections which need hand-holding, in terms of the boost that we have to give to the economy..." she said when asked if she expects double-digit growth in the gross domestic product (GDP) for the year. Recent figures released by the Centre indicated that the nation clocked 13.5 per cent growth in GDP in the first quarter of the current financial year. It was 20.1 per cent a year ago. Sitharaman further said some may argue
In a difficult pandemic-hit period, India may be doing better than almost all other large economies, but the over-arching goal of rapid economic growth just does not show on the map, notes T N Ninan
India has seen GDP growth of 7% or more for five straight years only once in the past 30 years
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
A dip in demand amid rising inflation and central bank policies has seen brokerages, such as Goldman Sachs and Morgan Stanley, cut their respective growth estimates for the Indian economy
India's GDP growth in Q1FY22 was 20.1%
Says country will the milestone assumed in the Budget despite the tense geopolitical situation
Growth would be the fastest in a year, but slightly weaker than the Reserve Bank of India's forecast of 16.2%. The data will be released at 1200 GMT on Aug. 31
Should India ramp up its ambition to achieve net zero emissions by 2050, it could boost GDP by 7.3 per cent (USD 470 billion) and create almost 20 million additional jobs by 2032, a new research shows. Achieving net zero emissions by 2070 could boost India's economy by as much as 4.7 per cent above the projected baseline growth in GDP terms by 2036 worth a total of USD 371 billion, illustrates modelling and research commissioned by the High-level Policy Commission on Getting Asia to Net Zero. Launched in May, the commission has four members -- former Australian prime minister Kevin Rudd, former United Nations secretary general Ban Ki-Moon, former vice chairman of Niti Aayog Arvind Panagariya, and global head and director of Climate Business, International Finance Corporation, Vivek Pathak. The commission launched the "Getting India to Net Zero" report on Friday, which said India achieving net zero by 2070 would boost annual GDP by up to 4.7 per cent by 2036. Net zero will also bri
Goldman Sachs lowered its projection for China's gross domestic product growth to 3% from 3.3%, citing weaker-than-expected July economic data as well as near-term energy constraints
At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20
Analysts at Morgan Stanley expect India's gross domestic product (GDP) growth to average 7 per cent in 2022-23. The Indian economy, they said, is set for its best run in over a decade.
It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions
India is likely to lead the region with 7.3 per cent growth in 2022-23 after the GDP grew 8.7 per cent in 2021-22, said the rating agency
Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs
Performance comes on the back of 48% YoY growth in bottomline. GDP also expanded 19.5% in FY22 after contracting in FY21 due to Covid-19 disruptions
India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23
Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%
Utility vehicle sales have overtaken those of cars for the first time. But the two-wheeler segment is still struggling to make a comeback. Here's an insight into the auto industry and its challenges