Indian Economy

Indian Economy News

Economy climbed up one position under an economist PM in 10 yrs but became fifth largest under a chaiwala: PM Modi
India

Economy climbed up one position under an economist PM in 10 yrs but became fifth largest under a chaiwala: PM Modi

Addressing a rally in Rajkot in poll-bound Gujarat in support of BJP candidates, the prime minister compared his performance with former PM Manmohan Singh's tenure of ten years

India will become $40 trillion economy by 2047, says Mukesh Ambani; spells out 3 big mantras
Business

India will become $40 trillion economy by 2047, says Mukesh Ambani; spells out 3 big mantras

During his virtual address at the 10th Convocation of Pandit Deendayal Energy University (PDEU), Mukesh Ambani stressed that concerns over climate change must be addressed as India strives to achieve economic progress

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus
Opinion

G20 summit announced India’s arrival on global stage; path ahead will need more diplomatic dexterity, relentless focus

India’s growing geopolitical clout is underwritten by its global trend-defying economic trajectory and conducive external environment

FDI in Indian media: How the scene changed since post liberalization
Business

FDI in Indian media: How the scene changed since post liberalization

When FDI started coming in various sectors of the Indian economy, it impacted the Indian media in a big way

India leads the world, ahead of US, China, EU as global economic powerhouse
Business

India leads the world, ahead of US, China, EU as global economic powerhouse

Morgan Stanley in its recent report has forecast that India will be world's third-largest economy by 2027

Indian banking sector at forefront of cyber-attacks: What are major threats and way ahead
Business

Indian banking sector at forefront of cyber-attacks: What are major threats and way ahead

The government data establish the sharp rise in attacks on the banking and financial sector. Between June 2018 and March 2022, India's banks recorded 248 successful data breaches by hackers and criminals, central government notified Parliament on 2 August

Shaktikanta Das defends RBI policies, says tightening rates earlier would have been very costly for economy
Business

Shaktikanta Das defends RBI policies, says tightening rates earlier would have been very costly for economy

RBI Governor Shaktikanta Das said the Indian economy is being looked at as a story of resilience and optimism by the world and the inflation is now expected to moderate

Deities on currency: Does AAP think Hindus are some kind of mental retards?
Opinion

Deities on currency: Does AAP think Hindus are some kind of mental retards?

This attempt to belittle Hindus is a serious affront to their status as the legatees of a highly evolved and discerning civilisation that goes back to the dawn of time

Firstpost Podcast| Explained: Why is US dollar rising against Indian rupee
Explainers

Firstpost Podcast| Explained: Why is US dollar rising against Indian rupee

US dollar is appreciating against Indian rupees, the exchange rates have touched 82 rupees per US dollar, USD is also rising against the other currencies of the world. What are the reasons behind the rise of dollar and what is its impact on Indian economy? Tune in to find out

Narendra Modi is weaving religion, nationalism and welfarism to create winning formula for BJP in 2024
Politics

Narendra Modi is weaving religion, nationalism and welfarism to create winning formula for BJP in 2024

Should India sustain a year-on-year economic growth rate of near 7 per cent GDP, it will be a harbinger of a near-certain third term for Narendra Modi as of now

Five years of GST: Why it is indispensable tax regime
Business

Five years of GST: Why it is indispensable tax regime

With GST coming into play in the last five years, the indirect taxation in this country has been completely overhauled. This has subsequently helped stabilizing the financial system, better administration of taxes, while removing internal trade barriers which has been deterrent to businesses

Why Germany thinks India is a ‘huge opportunity’ to invest
World

Why Germany thinks India is a ‘huge opportunity’ to invest

'We're very impressed with the latest figures India has put on the table. It's one of the best-growing countries in the region if not worldwide. Therefore, it gives us huge opportunity to invest in India,' German Ambassador Dr Philipp Ackermann said on the IMF's growth projection for India

'Inflation concerns will have to be addressed': Nirmala Sitharaman on budget
Business

'Inflation concerns will have to be addressed': Nirmala Sitharaman on budget

Almost all institutional and private forecasters have cut their projections for India's GDP growth in the current 2022-23 fiscal on tighter monetary policy denting demand and the economy facing headwinds from a global slowdown

India to remain fastest growing economy despite lowered GDP growth at 6.8%: IMF
India

India to remain fastest growing economy despite lowered GDP growth at 6.8%: IMF

In its latest World Economic Outlook report, the IMF noted that the Indian economy will grow at 6.8 per cent in 2022, a 0.6 percentage point downgrade since the July forecast, reflecting a weaker-than-expected outturn in the second quarter (April-June) and more subdued external demand

Indian economy seen as sweet spot world over; inflation at manageable level: Finance Minister Nirmala Sitharaman
Business

Indian economy seen as sweet spot world over; inflation at manageable level: Finance Minister Nirmala Sitharaman

Notably, the RBI retained its inflation projection for FY23 at 6.7 per cent amid geopolitical concerns triggered by the Russia-Ukraine war and expected inflation to be under control from January

Economic activity still below pre-pandemic level; RBI to slow down on rate hikes till next year: Asian Development Bank
Business

Economic activity still below pre-pandemic level; RBI to slow down on rate hikes till next year: Asian Development Bank

The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7 per cent from its earlier projection of 5.8 per cent

India to grow at over 7% in FY23, says chief economic advisor
Business

India to grow at over 7% in FY23, says chief economic advisor

Earlier, the economic survey released before the annual budget in January this year had estimated FY23 growth to be at 8-8.5 per cent

Indian Staffing Federation records 28% growth in flexi staffing industry between 2021-22; adds 2.33 lakh formal jobs
Business

Indian Staffing Federation records 28% growth in flexi staffing industry between 2021-22; adds 2.33 lakh formal jobs

Indian Staffing Federation (ISF) is the apex industry body and governs over 100 contract staffing companies in the country

Precision Engineering: Paving the way for India's self-reliance
India

Precision Engineering: Paving the way for India's self-reliance

The prevailing geopolitical hurdles have further enhanced the crucial importance of Atmanirbharta in strengthening the country’s digital infrastructure

Modinomics, 13.5% growth rate, and how India raced past Britain
India

Modinomics, 13.5% growth rate, and how India raced past Britain

That India at $3.5 trillion overtook the UK at $3.2 trillion, to become world’s fifth largest economy, is an endorsement of how Prime Minister Narendra Modi deftly steered India amidst multipronged challenges in the last few years