Page 25 - Indian Economy

What do industry trends say about consumption and the economy?

While TVs and luxury apparel flew off the shelves in cities, rural demand for FMCG products saw a negligible jump in October. What do these industries say about consumption in India and its economy?

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

Global economy must start bracing for low inflation, says Raghuram Rajan

Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

States to set up district-wise price monitoring centre for essential items

A senior government official indicated that the Center is making every effort to manage the prices of basic commodities through the Price Monitoring Division

Just when things look…: Beware the surprise that catches you unprepared

As the system emerges from the Covid trauma and India shifts its sights to long-term targets, attention must turn to the underlying weaknesses that may scupper ambitious aspirations, writes T N Ninan

Dravidian model of development yet to reach full potential: TN minister

Tamil Nadu Finance minister, PTR Palanivel Thiagarajan, on Friday said that the state has yet to reach the full potential of the Dravidian model of development

Coal production for April-Nov period up 17% to touch 524mn tonnes

Domestic coal production went up by 17.13% to 524.20 million tonnes during April-November 2022 as compared 447.54 million tonnes of production recorded during the corresponding period of last year

India extends deadline to levy cap on digital payment transactions

India has decided to extend the deadline on capping the share of digital payment transactions by about two years to Dec. 31, 2024, the National Payments Corporation of India (NPCI) said on Friday

India's forex reserves rise for third straight week to $550.14 billion

India's foreign exchange reserves rose for the third straight week, to $550.14 billion in the week through November 25, RB) weekly statistical supplement showed on Friday

India's CAD likely to shoot up as net exports hit nine-year low

CAD in Q1 of 2013 was 4.9 per cent of GDP, while net exports stood at 5.93 per cent of GDP

Lockdown, protests in China may impact key sectors in India: Report

In October, India's engineering exports to China fell 64 per cent and there has been a fall in demand for cut and polished diamonds as well as gold

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

Case studies on the Indian economy

Saurabh Kirpal's book is a useful guide to understanding the turns and twists of India's economic policy-making - from a relatively free enterprise environment to socialism to economic liberalisation

Economy likely to grow 6.5%-7% next fiscal year, says Sanjeev Sanyal

Global agencies such as the International Monetary Fund and the World bank, for instance, have forecast India's growth will be 6.1% and 6.0%, respectively, next fiscal

Rural distress harming MSMEs, pulling down manufacturing: Economists

Government's PLI schemes can help manufacturing and reduce import dependence in some sectors, say some experts

India's electricity consumption grows 14% to 112.81 billion units in Nov

India's power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. The robust growth of power consumption in the month mainly indicates an increase in economic activities as generally it remains subdued in November. Experts say power consumption and demand will further increase in the coming months due to use of heating appliances, especially in the northern part of the country, and further improvement in economic activities on account of the beginning of the new rabi crop season. Farmers use electricity to run tubewells for irrigation for new crops. In November last year, power consumption was 99.32 billion units (BU), higher than 96.88 BU in the same month of 2020, the data showed. The peak power demand met, which is the highest supply in a day, last month rose to 186.89 gigawatt (GW). The peak power supply stood at 166.10 GW in November 2021 and 160.77 GW in November

Manufacturing PMI rises to 55.7 in Nov as factory activity hits 3-mth high

India's factory activity expanded at its fastest pace in three months in November, a private survey showed, signalling resilient demand despite

Top Headlines: India's G20 presidency from today; GDP growth in Q2 and more

Here is our morning brief of today's top headlines

Best of BS Opinion: Growth challenges, Re-design and deliver & more

Here are the top BS Opinion articles of the day

Q2 GDP numbers: Growth seen tapering in the July-September quarter

The growth had fallen drastically from 13.5 per cent in the April-June quarter and was even lower than last year's number of 8.4 per cent