Page 65 - Indian Economy
Stories during stagflation: How India fares on 'modified' misery index?
Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan
High prices drag India discounts to 7-week low; China demand sluggish
High prices have slumped Indian discounts and the Chinese market has also remained unpromising for the time being
 "High prices drag India discounts to 7-week low; China demand sluggish")
India's FDI rank rises to 7th position despite falling inflows: UNCTAD
Upmove despite investments falling to $45 bn in '21 from $64 bn a year earlier: UN
 "India's FDI rank rises to 7th position despite falling inflows: UNCTAD")
Current account deficit likely to hit three-year high at $43.8 bn in FY22
The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said
 "Current account deficit likely to hit three-year high at $43.8 bn in FY22")
RBI policy effect: Loans to get more expensive as banks hike lending rates
ICICI, BoB take the lead; Kotak Bank ups deposit rates
 "RBI policy effect: Loans to get more expensive as banks hike lending rates")
Oil shock: What the RBI can do
The absolute oil price rises at a very high rate and the absolute prices of other goods and services rise somewhat at their usual rates
 "Oil shock: What the RBI can do")
RBI joins global central banks, more hikes to follow
The Indian central bank has now gone back to the familiar script, in line with the global central banks
India's economy to grow at 6.9% in FY23: OECD global macroeconomic report
The institution said that headline inflation is projected to ease gradually, though remaining above the central bank's upper tolerance limit of 6 percent throughout 2022 and 2023.
 "India's economy to grow at 6.9% in FY23: OECD global macroeconomic report")
Authorities taking steps to moderate inflation, push growth: DEA Secy
Monetary and fiscal authorities are taking steps to moderate inflation and push growth, Department of Economic Affairs Secretary Ajay Seth said
 "Authorities taking steps to moderate inflation, push growth: DEA Secy")
Enabling policies, proactive steps helped deal with pandemic: FM Sitharaman
She said over the past two years,retail investors have found online means to access the stock market and Sebi has a role to play in investor education
 "Enabling policies, proactive steps helped deal with pandemic: FM Sitharaman")
RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%
The repo rate before the pandemic came was 5.15%
 "RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%")
RBI likely to raise interest rate by 25 bps-50 bps today: Experts
RBI Governor Shaktikanta Das has already indicated that there may be another hike in the repo rate though he refrained from quantifying it
 "RBI likely to raise interest rate by 25 bps-50 bps today: Experts")
The importance of being tax transparent
It is time for businesses to take stock and gear up by creating capacity and information system to anticipate new taxes and regulations around ESG and ability to factor this in their business planning
 "The importance of being tax transparent")
Will a rate hike by RBI help tame inflation?
The US Fed nudged up its interest rates to tame inflation that leapt to 8.5%. Worldwide, central banks resort to rate hikes to reduce inflation. But does it always work? This report explains more
 "Will a rate hike by RBI help tame inflation?")
BS Number Wise: India's savings don't help govt build a social safety net
India needs the other kind of saving now
 "BS Number Wise: India's savings don't help govt build a social safety net")
World Bank cuts India's economic growth forecast to 7.5% for FY23
This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal
 "World Bank cuts India's economic growth forecast to 7.5% for FY23")
Leased office space may rise 14% across 8 cities in CY22 : Cushman report
The demand for office space may rise 14 per cent this year to 60 million square feet across eight cities, mainly driven by strong rebound in Indian economy and aggressive hiring plans in IT/ITeS sector as well as startups, according to real estate consultant Cushman & Wakefield. As per the data, the gross leasing of office space across eight major cities increased to 52.57 million square feet in 2021 from 49.42 million square feet in the preceding year. The eight cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Pune, Hyderabad and Ahmedabad. "India's journey towards a sizable USD 5 trillion economy holds within itself a plethora of opportunities for growth of commercial office market," said Badal Yagnik, MD, Tenant Representation, India, Cushman & Wakefield. He pegged annual leasing activity over the next two years at close to 60 million square feet each. "Key triggers driving this growth are a fast-growing economy, significant expansion foreseen in the ...
 "Leased office space may rise 14% across 8 cities in CY22 : Cushman report")
RBI's monetary policy to focus on macroeconomic stability
Since the last policy announcement, inflationary risks have increased significantly
 "RBI's monetary policy to focus on macroeconomic stability")
Recovery tracker: Mobility on the rise, vehicle registrations up 8.7%
Railways showed a moderation in freight growth numbers
 "Recovery tracker: Mobility on the rise, vehicle registrations up 8.7%")
Employment gains
Employment increased from 402.9 million in April to 404 million in May
 "Employment gains")