Page 13 - India Economy

Pity Indian policymakers who don't know which data to go by for economy

Designing policies meant for a smaller economy that is actually larger is sure to have unintended side effects.

LIVE: ED chief gets one-year tenure extension till November 18, 2022

This, days after the Centre brought ordinances to allow ED and CBI directors to occupy the office up to five years

Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

Goldman Sachs readies $30 bn for doubling alternative investments in Asia

The firm plans to build a bigger presence in real estate in developing markets such as China, Korea and India

CBIC asks GST officers to block ITC on the basis of evidence, not suspicion

The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence.'

Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura

A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said

Oct services growth strongest in over a decade, input costs surge: PMI

The IHS Markit Services Purchasing Managers' Index accelerated to 58.4 last month from 55.2 in September, above the 50-mark separating growth from contraction.

Economy expected to grow by 10% or more in current fiscal: Niti VC

The country's economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services

Economic Recovery: What do K, V, U, L, W-shapes recoveries really mean?

You may have heard that India's recovery after the coronavirus pandemic is likely to be a K-shaped one instead of a V. Let's understood how these shapes of recovery are different from one another

Govt may consider higher GST, fewer rates to simplify structure: Report

The two lowest rates could be raised by a percentage point each to 6% and 13%, reports Bloomberg.

Indian economy on path to swift recovery: Finance Ministry report

Sustained and robust growth in agriculture, sharp rebound in manufacturing and industry, resumption of services activity and buoyant revenues suggest that the economy is progressing well: Report

Power is India's latest 'real' crisis: This is how we can end dysfunctionality

Political, administrative and sociological reforms have to be worked upon simultaneously.

RBI has just about started a gradual liquidity reversal process

There will not be any shock to the market, with the calendar being drawn out.

For Indian junk bonds, it's love in the time of China's Evergrande crisis

For investors wary of China, looking at India makes sense but the extra dollars arrive with a cost.

Beyond rates: Five things to watch out for in RBI's monetary policy

The monetary policy committee's commentary on inflation, growth and bonds is of much interest to the market.

Business glitters for jewellers as gold prices fall 17%, economy recovers

Reprieve in the pandemic means they can eye a recovery in their most lucrative sales period.

'Poor will be affected': India's ethanol plan sparks food security fears

Government argues that a new ethanol goal will help save billions of rupees by cutting crude imports, reduce carbon emissions and boost farmers' incomes.

Call it economic recovery or not, most indicators are trending upwards

The government's critics and loyalists are both wrong in the way they view economic data.

India wants to be the next Taiwan in chips, but its dream is misguided

Its government would be better off saving its money and luring more suitable partners in testing and assembly.

RBI monetary policy preview: Reverse repo hike not seen; G-SAP taper likely

Analysts keen to see if more members of the six-strong monetary policy committee call for changing the stance to neutral: like Jayanth Varma did in August.