Page 3 - India Economic Growth

An astonishing recovery

The rise in corporate earnings in FY21 was largely led by a handful of big companies in price-sensitive sectors such as metals and mining, and oil and gas.

Barclays forecasts India's GDP growth at 6.6% in December quater

Foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter.

At 9.2%, India among fastest-growing large economies: Niti Aayog CEO

The Indian economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, Niti Aayog CEO Amitabh Kant said on Monday. While referring to the government's production linked incentive (PLI) scheme for sunrise sectors, Kant said it will add USD 520 billion to India's output in the next five years and make India a part of the global supply chain. "Today India is witnessing unprecedented levels of economic development and technological disruptions. The economy is growing at 9.2 per cent and is expected to grow at similar rates in the coming years, making us one of the fastest-growing large economies in the world," Kant said at an AIMA event. The country has taken several measures to maximise efficiency and several reforms have been taken by the government in that direction such as GST, Insolvency & Bankruptcy Code, lowering of corporate taxes, etc, he noted. This will help make India a global manufacturing champion and manufacturing hub, Kant ...

Union Budget 2022: Reaffirmation of tax stability, inclusive growth

The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India

FM Nirmala Sitharaman to boost budget spending to support eco growth

Finance Minister Nirmala Sitharaman is likely to strike a fine balance between being fiscally prudent and growth supportive when she presents her fourth straight budget on Tuesday

Worsening of debt sustainability indicators may drive fiscal conservatism

A peak level of India's public debt/GDP ratio at 91.7 per cent and worsening of debt sustainability indicators to the 2002 levels may be driving fiscal conservatism, JM Financial said in a report.

Eyes on GDP forecast by pre-budget Economic Survey despite recent misses

The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy, quite often misses on the GDP forecast, sometimes by a significant margin.

Budget 2022-23: Rural stimulus need of the hour amid Covid-19 pandemic

Consumption, which was impacted during the pandemic, is expected to improve as the rate of vaccinations rises to cover the entirety of the country's eligible population

Modi at WEF's Davos showcases India as future tech & economic powerhouse

Virtually delivering the 'State of the World' special address to the WEF Davos Agenda, PM Modi underlined the role played by India in handling the Covid crisis

India risks stagflation, growth concentrated at 'top end': Kaushik Basu

India's overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu

India will be world's tech, economic powerhouse in 2047: Jitendra Singh

Union Minister Jitendra Singh said when India turns 100 in the year 2047, ..."the country will be the world's technological and economic powerhouse".

Karad slams Thackeray, Maharashtra FM for not attending pre-budget meetings

MoS Finance Bhagwat Kishanrao Karad slammed Maharashtra CM Uddhav Thackeray and State FM Ajit Pawar for not attending pre-budget consultation meetings called by Nirmala Sitharaman

Monetary policy review: Rs 17.2-trillion liquidity bazooka

Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection

Credit delivery to large section of society very important for growth: CEA

Credit penetration or providing credit to a large section of society is very important for economic development of the country, Chief Economic Adviser (CEA) K V Subramanian said on Thursday

Growth forecast, rates: 5 key things to look for in RBI monetary policy

Monetary Policy Committee expected to hold rates and continue with an accommodative stance to encourage growth

India received $83 billion in remittances in 2020: World Bank report

India received over $83 billion in remittances in 2020, a drop of just 0.2 per cent from the previous year, despite a pandemic that devastated the world economy, according to a World Bank report

India will have to invest heavily in infra for economic recovery: UN expert

India will have to invest heavily in infrastructure in order to recover from the economic havoc, even if that means going in for deficit financing, according to a UN expert

Rising Covid cases a major downside risk to India's growth: FinMin report

The report sees the GDP growth to be in positive territory in the second half of 2020-21

Govt confident of achieving growth of nearly 11.5%, says Anurag Thakur

Thakur also said that the government is focused on a clean up exercise in the banking system and setting up a bad bank was among the steps in that direction

India's new willingness to binge on debt may leave economy far less secure

Once the pandemic retreats, India might end up with a debt-to-GDP ratio north of 90 per cent, compared to the low seventies at present