Page 49 - Indian Economy
June quarter's household consumption, capital investment rise, shows data
Government consumption falls in April-June quarter; inflation and supply chain disruption impacts corporate balance sheets
 "June quarter's household consumption, capital investment rise, shows data")
Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target
India's economy achieved its fastest annual expansion in a year in the April-June quarter, according to NSO data
 "Top headlines: Q1 GDP grows 13.5%; fiscal deficit at 20.5% of FY23 target")
India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target
Net tax receipts stood at Rs 6.66 trn while total expenditure was Rs 11.26 trn, shows govt data
 "India's April-July fiscal deficit at Rs 3.41 trn, 20.5% of FY23 target")
News updates: AAP MLAs to meet CBI chief, seek probe into 'Operation Lotus'
From India's GDP data for the April-June quarter to Covid-19 updates, catch all the latest news here
 "News updates: AAP MLAs to meet CBI chief, seek probe into 'Operation Lotus'")
Top headlines: Economy grows at fastest pace, Tata Sons amends AoA and more
With this, Tata Sons and Tata Trusts, which own 66 per cent of the group, must have separate chairmen
 "Top headlines: Economy grows at fastest pace, Tata Sons amends AoA and more")
India's economy probably grew at its fastest pace in a year in June qtr
Gross domestic product (GDP) in the three months to June 30 was probably 15.2% higher than a year earlier, a Reuters poll showed this week
 "India's economy probably grew at its fastest pace in a year in June qtr")
Obituary: Abhijit Sen - A great economist with rural, agriculture focus
He was an excellent analytical economist and his is a great loss to the profession of economics vis-a-vis research and policy, writes S Mahendra Dev
 "Obituary: Abhijit Sen - A great economist with rural, agriculture focus")
State of the Indian economy: Unequal, uneven distribution of wealth
The income gap between states is growing and the pain of inflation is worse for those falling behind
 "State of the Indian economy: Unequal, uneven distribution of wealth")
Net zero is net positive for profits, people, and planet
Pursuing green technologies will result in much faster GDP growth
Rupee marks biggest gain in one year on strong foreign inflows
August also marked the first month this year when overseas investors turned net buyers of India's government debt
 "Rupee marks biggest gain in one year on strong foreign inflows")
India can become an upper-middle-income country by 2047: Bibek Debroy
Indian economy's size will touch USD 20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 years, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Tuesday. Releasing 'The Competitiveness Roadmap for India@100', Debroy also said the country's annual per capita income will be over USD 10,000 if the country grows at an average economic growth rate of 7-7.5 per cent in the next 25 years. According to him, India will also be among high human development category countries by 2047. India, which is the world's sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. Prime Minister Narendra Modi has set an ambitious target of making India a developed nation by 2047. A developed country is typically characterised by a relatively high level of economic growth, a general standard of living, and higher per capita income as well as performing well on the Human Development Index
 "India can become an upper-middle-income country by 2047: Bibek Debroy")
Reserve Bank can hike repo rate to 6% by December, say economists
The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks
 "Reserve Bank can hike repo rate to 6% by December, say economists")
Patent officers' body moves CAT against high work targets: Report
The petition states that such high standards were adversely impacting the association's service conditions and hurting India's economic interests
 "Patent officers' body moves CAT against high work targets: Report")
Top Headlines: Adani becomes world's 3rd-richest; Ambani's plans for RIL
Reliance Industries Ltd (RIL) set the tone for the future during its 45th annual general meeting, saying it would aim to double its market value by 2027
 "Top Headlines: Adani becomes world's 3rd-richest; Ambani's plans for RIL")
Economy faces resilience test as policymakers prioritise prices over growth
Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey
Recovery tracker: Workplace visits up 26%, vehicle registrations 2%
Fewer flights and air passengers in the latest week compared to the previous one
 "Recovery tracker: Workplace visits up 26%, vehicle registrations 2%")
RBI support pulls rupee up from fresh lows, helps currency recoup losses
Central bank may have sold dollars heavily around the 80.05 mark to shield domestic unit
 "RBI support pulls rupee up from fresh lows, helps currency recoup losses")
India's shaky energy security and growing dependency on foreign fuels
New Delhi is yet to announce a comprehensive and detailed policy across the energy spectrum to tackle this very real threat to economic growth
 "India's shaky energy security and growing dependency on foreign fuels")
India's low youth employment rate
The 15-24 years age group has a relatively low labour participation rate (LPR). Between 2016-17 and 2021-22, while the average was 42.6%, the LPR for the youth was much lower at 22.7%
Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation
RBI interventions to determine rupee's course amid surging dollar
 "Rupee hits new low of 80.14 per $ as Fed's Powell talks tough on inflation")