Page 78 - Indian Economy

India in a divided world: Keeping old friendships and cultivating new ones

The question for India, as a middle or swing power with long-term external dependencies for energy and military hardware, is how to not let old friendships come in the way of new ones, notes T N Ninan

Govt to borrow Rs 8.45 trn from market during Apr-Sep period of FY23

Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said

India's Oct-Dec current account deficit widens to 2.7% of GDP

In the preceding quarter, the shortfall stood at $9.9 billion or 1.3% of GDP, RBI data showed

India's fiscal deficit touched 82.7% of full-year target at end of Feb

In actual terms, the deficit stood at Rs 13.16 trillion at the end of February this year, as per the data released by the Controller General of Accounts

India's external debt rose to $614.9 bn at end of December 2021

The external debt to GDP ratio fell marginally to 20 per cent at the end of December last year from 20.3 per cent at the end of September 2021

India has safeguards in place to mitigate risks from capital flows: IMF

India, which has received a record number of FDI during the last few years despite Covid, has quite a few safeguards in place to mitigate the risks from capital flows, the IMF said

Best of BS Opinion: Prospects of Indian companies, economic policy and more

Here is the best of Business Standard's opinion pieces for Thursday

Time to widen the policy focus

The first big policy test of the new financial year will be the monetary policy review next week.

Investments must stand before they can run

Key flank of India's growth gambit runs into the knock-on effects of the Russia-Ukraine war

Govt to undertake a two-stage review to determine PLI scheme progress

This will be followed by utilisation of unused funds and the possibility of reallocation to the government department and ministries, which need more amounts, will be assessed

India Ratings revise its FY23 GDP growth forecast downwards to 7-7.2%

Ratings agency India Ratings and Research (Ind-Ra) on Wednesday revised India's FY23 forecast downwards to 7-7.2 per cent.

Too early to predict impact of Ukraine war on economy: Pinaki Chakraborty

The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said

Best of BS Opinion: Reflection of time, irreversible damage & more

Here are the best of BS Opinion pieces of the day

War in Ukraine impacting all countries like pandemic did: FM Sitharaman

Furthermore, she said that India remains as the top 5 FDI recipient countries in the world

Parliament passes Budget: FM says will ensure predictable recovery

She said the war has affected the value chains, and the world markets are caught up in a situation where nothing is normal

India got 65% more FDI during Modi regime against 10 years of UPA rule: FM

India remains in top 5 FDI recipient countries; FDI inflows 65% higher at $500.5 bn during Modi govt, says FM in Rajya Sabha

Sharp recovery in FY22 to help sustain growth: FM Nirmala Sitharaman

The reforms contributed to the real GDP growing at an annual average rate of 6.8 per cent during 2014-20, she said

Best of BS Opinion: Emerging macro instability, Fed hiking cycle, and more

Here are the best of BS Opinion pieces of the day

Emerging macro instability

Global economy is reeling from new supply shocks

Recovery tracker: Weekly gains in vehicle registration, power generation

Freight growth is higher than before