Page 63 - Indian Economy

Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi

The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data

Expecting 7.5% growth in Indian economy this year: PM Modi at BRICS forum

Kind of digital transformation taking place in India never seen anywhere in world earlier, says PM Modi in virtual address at BRICS business forum

India needs $223 bn to meet 2030 renewable capacity goals: Report

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report

Indian economy: Not just a twin but a triple-deficit problem looms

While the twin deficit problem of widening fiscal and current account deficits has been spoken about, a third problem of widening deficit in the states also stares the Indian economy in the face

Where is India's economy headed after FinMin's twin deficit warning?

The FinMin on Monday struck a note of caution about the re-emergence of the twin deficit problem. Where is the Indian economy headed? Is there trouble ahead? Find out what an RBI paper warns about

Operating profit growth of listed firms decelerated in Q4 of FY22: RBI data

Operating profit of manufacturing companies decelerated sharply to 7 per cent in the fourth quarter of last fiscal as against 70 per cent in the corresponding quarter of the preceding fiscal

Companies in clover, but there's something in the economy that's amiss

Today, far too many people earn far too little to support consumption growth of the kind the economy needs, notes T N Ninan

PM Modi's mission to make India a $5 trillion economy: Karnataka CM

Karnataka CM Basavaraj Bommai said PM Modi is on a mission to make India a $5 trillion economy and Karnataka has resolved to contribute $1.25 trillion to the Indian economy to realise his objective

India facing twin deficit problem due to commodity prices, subsidy: FinMin

Ministry's report urges rationalising non-capex spend not only for protecting growth supportive capex but also to avoid fiscal slippages

Recovery tracker: Fewer vehicle registrations, workplace visits dwindle

Electricity generation lower than before as monsoon sets in

India faces slowing growth but low risk of stagflation: Finance Ministry

Country faces near-term challenges in managing fiscal deficit, reining in inflation and containing CAD while maintaining a fair value of the rupee

Normal monsoon, rate cut key to bring down inflation by yr-end: Economists

Normal rainfalls aiding bumper agriculture output and the RBI further hiking interest rates to cut easy money in the system hold key to bringing down multi-year high inflation, economists said

States must identify strength, define targets for $5 trn economy goal: Modi

Every state must recognise its strength, define its targets and develop a roadmap to achieve the same as this is essential for India to become a $5 trillion economy, Prime Minister Narenda Modi said

Housing, roads among biggest capex gainers in FY22, PMAY urban lags

FM Sitharaman had allocated Rs 48,000 cr to PMAY (urban and rural) for FY23. The govt then extended the deadline for the rural by two more years, and may have to do the same for urban

Forex reserves down $4.5 billion to $596.4 billion, shows RBI data

During the week ended June 10, the fall in the forex reserves was on account of a dip in Foreign Current Assets (FCAs), a major component of the overall reserves

Yield curve shows India's better long-term growth prospects: RBI paper

Yield curve shows India's better long-term growth prospects: RBI paper

At Rs 42,679 crore, advance tax collection up 48% in April-June quarter

Direct tax collection, net of refunds, stood at Rs 2.81 trn, according to initial estimates; advance tax collection for the period between April 1 and June 15 was Rs 42,679 cr

Don't see any adverse impact of US Fed Reserve rate hike: DEA secy Seth

The government does not see any adverse impact on the Indian economy post the US Federal Reserve's decision to raise interest rates by 75 basis points, Economic Affairs Secretary Ajay Seth said

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

Regional imbalance

Focus on equitable growth