India Growth

Fitch retains India's growth forecast at 7%, cuts projections for 2 yrs

Fitch Ratings on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, saying India could be one of the fastest-growing emerging markets this year. It, however, cut the projections for the next two financial years, stating that even though the country is shielded to some extent from global economic shocks but is not impervious to global developments. In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25. In September, Fitch had projected 7 per cent growth for the current fiscal, followed by 6.7 per cent in 2023-24 and 7.1 per cent growth in 2024-25. Given the stronger-than-expected outturn, Fitch forecasts growth at 7 per cent in the financial year ending March 2023 (FY23). "India is expected to record one of the fastest growth rates among emerging markets in our Fitch20 coverage this year," it said. India is .

India as the world's factory: China may be in denial

It is interesting that the myths around the influence of Confucianism on Southeast Asia come not from Chinese scholars but from futurologist Hermann Kahn

Finance Minister says India's growth resilient despite exogenous threats

Finance Minister Nirmala Sitharaman Wednesday said that despite exogenous threats, India's well-targeted policy mix, accompanied by major structural reforms, have aided its growth to remain resilient

World Bank downgrades India's economic growth forecast to 6.5% for FY23

The World Bank on Thursday projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one per cent from its previous June 2022 projections, citing deteriorating international environment. In its latest South Asia Economic Focus released ahead of the annual meeting of the International Monetary Fund and the World Bank, the Bank, however, noted that India is recovering stronger than the rest of the world. The Indian economy grew by 8.7 per cent in the previous year. "The Indian economy has done well compared to the other countries in South Asia, with relatively strong growth performance... bounced back from the sharp contraction during the first phase of COVID," Hans Timmer, World Bank Chief Economist for South Asia, told PTI in an interview. India, he said, has done relatively well with the advantage that it doesn't have a large external debt, there are no problems coming from that side, and that there is prudent monetary policy, he ...

India, Bangladesh sign deal on water sharing, six other treaties

Prime Minister Modi and his visiting counterpart Sheikh Hasina say bilateral cooperation between nations growing

ADB slashes India growth forecast to 7.2% for FY23, sees higher inflation

Private investment will soften due to higher cost of borrowing for firms, says development bank's outlook

India's growth to enhance once cloud of pandemic, conflict recedes: CEA

The impact of structural reforms, like GST and IBC, will help boost India's growth once the cloud of the pandemic and geopolitical conflict recedes, Chief Economic Advisor Anantha Nageswaran said

Netflix bets on film star-worshipping southern market to power growth

The US company has greenlighted at least six TV shows in southern Indian languages this year, aggressively chasing deals in Tollywood as the Telugu and Tamil film and TV industry is known

India's 10-year growth one of the biggest laggards in Asia, EM peers

The data for East Asia & Pacific, excludes high income countries such as Japan, South Korea, Taiwan, Hong Kong, Australia, and New Zealand

India's growth may hurt if rural-to-urban migration not checked: Adani

The rural-urban imbalance reflects the inequality of opportunities that need to be addressed, he added

ADB cuts India growth estimate to 4% for FY21 amid global Covid-19 pandemic

Growth in South Asia will decelerate to 4.1 per cent in FY2021 and then recover to 6 per cent in FY2022, largely tracking the trend in the dominant Indian economy, according to ADB

Best Of BS Opinion: Long-term growth, AGR dues, YES Bank saga, and more

Kanika Datta brings you top opinion pieces of the day

Income tax rate cut among steps govt working on to revive growth: FM

Assuring that there will be no harassment of taxpayers, Sitharaman said the intent of the government is to further simplify taxation systems including removal of exemption.

Best of BS Opinion: Climate change, India's economic challenge, and more

From J&K to Indian economy, read best of Business Standard opinion here

A welfare state born in India

How William Beveridge's Bakargunje legacy is safe in modern Britain

Why Franklin Templeton isn't worried about polls affecting India's growth

Franklin Templeton is betting on banks, automobiles, consumer firms and software exporters to report good profit and revenue growth for the next few years

With a banner year for deals, India overtakes China as a favoured target

Deal making in India topped $92 billion this year

ADB upbeat on India, keeps FY19 growth forecast unchanged at 7.3%

The report said the impact of the rising oil prices is offset by robust domestic demand and rising exports, particularly of manufactures

Niti Aayog CEO says unequal growth holding India back. Here's what he means

India currently ranks 131 out of 188 countries on the HDI, lowest amongst BRICS nations in the most recent 2016 rankings

India seeing 'cyclical upswing', may clock 7.5% GDP in FY19: Deutsche Bank

RBI expects India's economic growth rate to strengthen to 7.4% in the current financial, from 6.6% in 2017-18