Growth

Growth News

MSME sector records credit growth of 14% in 2022-23, says SBI Research report
Business

MSME sector records credit growth of 14% in 2022-23, says SBI Research report

SBI Research said in its weekly report ‘Ecowrap’ that the sector has expanded by Rs 52,800 crore against degrowth of Rs 61,000 crore during the similar period of the previous year

India takes another step towards becoming pharmacy of the world as exports grow by 103% since 2013-14
Business

India takes another step towards becoming pharmacy of the world as exports grow by 103% since 2013-14

India's top five pharma export destinations are the US, UK, South Africa, Russia and Nigeria.

It may take 12 years for Indian economy to overcome COVID losses, says RBI report
Business

It may take 12 years for Indian economy to overcome COVID losses, says RBI report

The RBI released the Report on Currency and Finance (RCF) for the year 2021-22 on Friday whose theme is ‘Revive and Reconstruct’ in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium-term

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

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.

Unacademy and its founder Gaurav Munjal’s unquenchable and aggressive quest for growth
Business

Unacademy and its founder Gaurav Munjal’s unquenchable and aggressive quest for growth

Munjal’s approach of prioritising growth over culture, setting valuation benchmarks internally and leading what some consider an opulent lifestyle is from the startup playbook

Budget 2022: FY2023 fiscal deficit to be similar to budgeted level for FY2022
Business

Budget 2022: FY2023 fiscal deficit to be similar to budgeted level for FY2022

ICRA projects the fiscal deficit at a higher Rs 17.9 trillion (or 6.9 percent of GDP), driven by free foodgrains under the PMGKAY scheme and an enhanced outgo for MGNREGA

US economic recovery slow but ready for Fed to start withdrawing financial support
World

US economic recovery slow but ready for Fed to start withdrawing financial support

Federal Reserve Chair Jerome Powell has signaled that the start of the taper process could begin before the end of the year, but an increase in the key borrowing rate would not come until later

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
Business

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022

India among large emerging market sovereigns to have highest debt burden by 2021, says Moody's
Business

India among large emerging market sovereigns to have highest debt burden by 2021, says Moody's

Despite steps toward the resolution of high non-performing loans, the banking system continues to suffer from weak asset quality, and low loan-loss coverage and capital adequacy, it added

Children born, living in high-altitude areas may have slower growth compared to those in lower altitudes, reveals study
Health

Children born, living in high-altitude areas may have slower growth compared to those in lower altitudes, reveals study

Specific interventions must be devised for children born and growing up in hilly or mountainous regions, noted a study which observed over 9 lakh children from 59 countries between 1992 and 2018

Economy Under Lockdown | Aerospace and Defence | Insider Take By Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan
India

Economy Under Lockdown | Aerospace and Defence | Insider Take By Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan

Rohit Beri, Director, Aerospace & Defence Practice, Frost & Sullivan, takes us through the focus points of the economic impact in the defence sector.

'Greatest emergency since Independence': Raghuram Rajan urges govt to seek experts' help in dealing with COVID-19's economic impact
Business

'Greatest emergency since Independence': Raghuram Rajan urges govt to seek experts' help in dealing with COVID-19's economic impact

Former RBI governor Raghuram Rajan has suggested to the government to call people with proven expertise and capabilities, including from Opposition, to deal with perhaps the greatest emergency being faced by the country since Independence following the coronavirus outbreak.

Coronavirus Outbreak: Former RBI governor Raghuram Rajan urges govt to invite experts to deal with economic impact of pandemic
Business

Coronavirus Outbreak: Former RBI governor Raghuram Rajan urges govt to invite experts to deal with economic impact of pandemic

Rajan, a professor of finance at the University of Chicago Booth School of Business, suggested that India should now plan for what happens after the lockdown, if the virus is not defeated.

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI
Business

Lending from CRR buffer to get 5-year exemption; special window to enable improved credit flow to needy sectors: RBI

The window opens on 14 February for six months ending 31 July 2020, but the net demand and time liabilities (NDTL) will be calculated as of 31 January 2020, the RBI circular said.

Rupee settles 6 paise higher at 71.19 against as RBI maintains accommodative stance; low oil price support local currency
Business

Rupee settles 6 paise higher at 71.19 against as RBI maintains accommodative stance; low oil price support local currency

At the interbank foreign exchange market, rupee opened on a positive note at 71.22. During the day, it saw a high of 71.11 and a low of 71.30.

When China sneezes, commodities catch a cold, Maruti Q3 results in line with expectations; all this and more on Moneycontrol Pro
Business

When China sneezes, commodities catch a cold, Maruti Q3 results in line with expectations; all this and more on Moneycontrol Pro

Maruti Suzuki India Ltd’s December quarter numbers were in line with Street expectations.

Assocham for cut in GST rates by 25% across the board for next six months to boost investment, consumer demand
Business

Assocham for cut in GST rates by 25% across the board for next six months to boost investment, consumer demand

Industry chamber Assocham on Wednesday urged the government to reduce GST rate by 25 percent across the board for the next six months with a view to boost investment and demand

World Bank trims 2020 global growth forecast to 2.5% amid slow recovery for trade, investment
Business

World Bank trims 2020 global growth forecast to 2.5% amid slow recovery for trade, investment

The World Bank on Wednesday trimmed its global growth forecasts slightly for 2019 and 2020 due to a slower-than-expected recovery in trade and investment despite cooler trade tensions between the United States and China

Obestity in children maybe linked to slight differences in brain's executive function
science

Obestity in children maybe linked to slight differences in brain's executive function

Research found a part in the brain that controls functions like the ability to plan, control impulses, lacking.