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Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others
Business

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others

The BJP government has repaired and reinvigorated the Indian economy, with Prime Minister Narendra Modi taking the lead in combining the best of both — welfarism and unrelenting reforms

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties
Business

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties

Earlier this year, the Economic Survey in January had projected a growth rate of 8-8.5 per cent for the current fiscal

India's GDP to grow at 7.4% in 2022-2023, says Ficci Economic Outlook Survey
Business

India's GDP to grow at 7.4% in 2022-2023, says Ficci Economic Outlook Survey

The RBI is expected to continue supporting the ongoing economic recovery by keeping the repo rate unchanged in its April policy review, the survey said

Fitch slashes FY23 India growth forecast to 8.5 from 10.3% on high energy prices
Business

Fitch slashes FY23 India growth forecast to 8.5 from 10.3% on high energy prices

With the Omicron wave subsiding quickly, containment measures have been scaled back, setting the stage for a pick-up in GDP growth momentum in the June quarter this year, the agency said.

Moody’s lowers India's GDP growth forecast for 2022 from 9.5% to 9.1%
India

Moody’s lowers India's GDP growth forecast for 2022 from 9.5% to 9.1%

High fuel and fertiliser costs will weigh on government finances down the road, potentially limiting its planned capital spending, according to the credit ratings major

Morgan Stanley cuts India's GDP growth forecast to 7.9% for FY23
Business

Morgan Stanley cuts India's GDP growth forecast to 7.9% for FY23

India is affected through three key channels — higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment, it said

Union Budget 2022: How government’s budgetary and policy planning now shifts to a 25-year horizon
India

Union Budget 2022: How government’s budgetary and policy planning now shifts to a 25-year horizon

India under Prime Minister Narendra Modi has changed the paradigm for integrated financial and policy planning from a five-year vision to initiate setting the stage for a quarter of a century

Budget 2022: Nirmala Sitharaman may offer boost to ‘green’ growth for a sustainable future
Business

Budget 2022: Nirmala Sitharaman may offer boost to ‘green’ growth for a sustainable future

Union Budget 2022-23: The journey of decarbonization will need to have a sharp focus on hybrid plants to ensure renewable power

'Chinese president Xi Jinping himself a risk to country's economy'
World

'Chinese president Xi Jinping himself a risk to country's economy'

If Xi fails to improve the economic situation by the Communist Party's national congress in autumn, it could affect his power, Japanese financial newspaper Nikkei Asia quoted a Chinese political source as saying.

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research
Business

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research

DBS Research Group’s Radhika Rao feels that above-target revenue and strong nominal GDP are expected to help absorb the increase in spending, keeping FY22 deficit at -6.8 percent of GDP

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery
Business

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery

The government is expected to lower its fiscal deficit target modestly in the next financial year given the pressure its revenue sources may face and the imperative of providing a boost to the rural economy ahead of elections in five states

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks
Business

Budget 2022: Implement National Logistics Policy to ease supply chain bottlenecks

Union Budget 2022-23: With India aiming to be a $5 trillion economy, the logistics sector will be a crucial enabler in achieving this

How PM Narendra Modi’s calibrated approach has helped turn around Indian economy
India

How PM Narendra Modi’s calibrated approach has helped turn around Indian economy

India’s economic revival approach has worked far better than the strategy of pushing through huge fiscal stimulus packages, printing money, and indulging in wanton pump priming

COVID-19 debates in Parliament: India deserves a better Opposition, one that holds the government accountable
India

COVID-19 debates in Parliament: India deserves a better Opposition, one that holds the government accountable

An informed debate over this issue in Parliament should have seen questions around these data points, but instead, Opposition lawmakers such as TMC MP Mahua Moitra were more interested in quoting Bob Dylan or passing acerbic comments against Hindi and Hindutva

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy
Business

RBI keeps policy rates unchanged for 9th consecutive time, to continue with accommodative monetary policy

According to RBI Governor Shaktikanta Das, the central bank's Monetary Policy Committee has unanimously decided to maintain the status quo on policy repo rate by a majority of 5 to 1 to retain the "accommodative policy stance"

Time of 'extreme pain' in India, economy below 2019 levels: Abhijit Banerjee
India

Time of 'extreme pain' in India, economy below 2019 levels: Abhijit Banerjee

Banerjee was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity's 11th annual convocation which was also held online

India's economic growth slows to 8.4% in second quarter of 2021-22
India

India's economic growth slows to 8.4% in second quarter of 2021-22

The GDP growth in April-June quarter this fiscal stood at 20.1 percent. The Indian economy had contracted by 24.4 percent in April-June last year

Insolvency cases have gone up substantially in COVID-hit corporate world, but India can heave sigh of relief
India

Insolvency cases have gone up substantially in COVID-hit corporate world, but India can heave sigh of relief

The reasons for quick recovery by the corporate sector in India can be attributed to the fact that debt financing by Indian corporates is not very high as compared to global levels

Govt health expenditure share in GDP increases from 1.15% to 1.35%: NHA report for 2017-18
India

Govt health expenditure share in GDP increases from 1.15% to 1.35%: NHA report for 2017-18

The NHA estimates are prepared by using an accounting framework based on internationally accepted System of Health Accounts 2011, provided by the WHO

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's
Business

Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody's

In a report, the rating agency said credit fundamentals are favourable for India's companies on a sustained economic recovery and earnings of rated companies' will rise on strong consumer demand and high commodity prices