Page 72 - Indian Economy

Top headlines: IMF on India's $5-trn economy aim, drop in MGNREGA demand

Here are the top headlines on Tuesday

Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report

The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI report said

11% fewer households demanded work under MGNREGA this April, shows data

In April 2021, 26.18 million households had sought work under the scheme while in April 2020, the number was 13.41 million

India's manufacturing PMI expands to 54.7 as demand picks up faster

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction

India's $5-trillion economy dream: Not before FY29, says IMF

However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29

As India's Covid-19 cases inch up, recreation and shopping visits show dip

Workplace visits increased and power generation continues to inch up, marking economic recovery

A true picture of the post-pandemic future

There are very few issues that the report has failed to mention or explore in depth

Consumer sentiments rise slowly

Wounds of pandemic-induced lockdowns on households are healing

India's unemployment rate rose to 7.83% in April, shows CMIE data

The unemployment rate in urban areas was higher at 9.22 per cent compared to 8.28 per cent in March, the data released on Monday showed

India's jobless rate rises to 7.83% in April, Haryana tops the list: CMIE

Economists say job opportunities have been hit by sluggish domestic demand and the slow pace of economic recovery amid rising prices

West notwithstanding, imports from Russia jump 33% to $1.1 bn in March

India's exports to Moscow fall 75% in March over Feb

GST mop-up hits record high of Rs 1.68 trn in April on robust biz activity

Tops Rs 1.5 trillion for the first time; record collections for 2 months in a row

Traversing across the hope and fear

Each Indian firm has to reconcile internal strength with three external threats

India emerged stronger despite huge loss due to Covid: Rajeev Chandrasekhar

Rajeev Chandrasekhar said the govt has been cognizant of the rapid pace of digitalization thrust upon the country by pandemic and the ability to face this calamity with resilience has been appreciated

India to overcome Covid-19 pandemic losses by FY35, says RBI report

6.5-8.5% is the feasible range for medium-term steady state GDP growth in India

Why we must clearly define atmanirbharta and our reasons for chasing it

Employment deficit is a bigger problem for India than trade deficit. That and the feasibility question should not be lost in PLI's search for strategic self-reliance, writes T N Ninan

India has world's fastest growing start-up eco-system, says PM Modi

PM Modi said India is headed for a robust economy and the country's consumption of semi-conductors is expected to cross $110 billion by 2030 and has the world's fastest growing start-up eco-system

India's personal data protection bill may threaten innovation, growth: USTR

The USTR said patent issues continue to be of concern in India

IP protection: India among most challenging economies, says USTR

India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said

FM assures investors of addressing pain points to encourage investments

The Finance Minister said she was open to receive suggestions, understand pain points and offer necessary redressal wherever possible