Indian Economy

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Indian Economy - Total results - 519
GST collection at Rs 1.31 lakh crore in November, second highest since rollout
India

GST collection at Rs 1.31 lakh crore in November, second highest since rollout

The GST revenues for the month of November 2021, are 25 per cent higher than November 2020, and 27 per cent higher over November 2019

India, world's largest recipient of remittances, received $87 bn in 2021: World Bank
World

India, world's largest recipient of remittances, received $87 bn in 2021: World Bank

The bank said, remittances to low- and middle-income countries are projected to have grown a strong 7.3 percent to reach $589 billion in 2021

Economic recovery taking hold, private investment should resume, says Shaktikanta Das
Business

Economic recovery taking hold, private investment should resume, says Shaktikanta Das

Lauding tech entrepreneurs, the RBI governor said the country has emerged as a top performer in the startup landscape, attracting billions of foreign capital

India on track to achieve historic highs in exports, says Piyush Goyal
India

India on track to achieve historic highs in exports, says Piyush Goyal

Goyal said India is on course to achieve $ 400 billion of merchandise exports in the current financial year

India must focus on public investment as economy recovers from pandemic, suggests IMF
World

India must focus on public investment as economy recovers from pandemic, suggests IMF

IMF's Fiscal Affairs Department Deputy Director Paolo Mauro advised that special attention must be given to green investment to ensure that recovery is inclusive and eco-friendly

Indian economy in recovery mode from COVID-19 crisis, says World Bank president David Malpass
Business

Indian economy in recovery mode from COVID-19 crisis, says World Bank president David Malpass

Malpass also said that India, which faces huge challenges of integrating more people into the formal sector economy and raising the earnings of the people, has made some progress but that's not enough.

India stares at energy crisis with coal stocks down to days
India

India stares at energy crisis with coal stocks down to days

The shortages have stoked fears of potential black-outs in parts of India, where 70 percent of power is generated from coal

India becoming $5 trillion economy by 2025 'impossible' due to COVID-19 pandemic, says ex-RBI governor C Rangarajan
Business

India becoming $5 trillion economy by 2025 'impossible' due to COVID-19 pandemic, says ex-RBI governor C Rangarajan

India indeed needs a faster rate of growth to make up for the loss of output in the previous two years from the trend rate and must lay the foundation for faster growth in this year itself, the economist said

Fitch Ratings cuts India's economic growth forecast to 8.7%, cites COVID-19 impact
Business

Fitch Ratings cuts India's economic growth forecast to 8.7%, cites COVID-19 impact

The projections for 2021-22 fiscal compares to a contraction of 7.3 percent recorded in the last financial year and a four percent growth in 2019-20

Indian economy's fundamentals strong, private investment picking up, says ex-Niti Aayog VC
India

Indian economy's fundamentals strong, private investment picking up, says ex-Niti Aayog VC

The Indian economy grew by a record 20.1 percent in the April-June quarter this fiscal, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19

Overall debt of states to hit Rs 71.4 lakh crore in FY22, says rating agency Crisil
India

Overall debt of states to hit Rs 71.4 lakh crore in FY22, says rating agency Crisil

The debt-to-GSDP ratio had risen to a decadal high of 34 percent last fiscal after the first COVID wave caught everyone by complete surprise

India needs $100 billion FDI annually to become $5 trillion economy, says USISPF chief Mukesh Aghi
Business

India needs $100 billion FDI annually to become $5 trillion economy, says USISPF chief Mukesh Aghi

US needs to leverage India on vaccination diplomacy, have Indian factories produce these vaccines so they can ship it to the rest of the world, he observed

Exports, FDI and startups fire on all cylinders to get Indian economy back on resilient track
India

Exports, FDI and startups fire on all cylinders to get Indian economy back on resilient track

For the first time ever, India may hit $600 billion in cumulative exports this financial year

On 30th anniversary of economic liberalisation, Manmohan Singh says 'road ahead is daunting'
India

On 30th anniversary of economic liberalisation, Manmohan Singh says 'road ahead is daunting'

The former prime minister lauded the achievements in the past three decades, but expressed pain at the loss of lives and livelihoods due to the COVID-19 pandemic

Narendra Modi’s new Cabinet has its task cut out: Ensure Indian economy grows at 8-9%
India

Narendra Modi’s new Cabinet has its task cut out: Ensure Indian economy grows at 8-9%

One of the biggest challenges for the NDA government will be to push deep economic reforms when many Opposition-ruled states are determined to oppose them.

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%
India

S&P Global Ratings lowers India's GDP growth forecast for FY22 to 9.5% from 11%

The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity

Explained: Why clean, cost-effective logistics are essential as freight movement in India goes up
India

Explained: Why clean, cost-effective logistics are essential as freight movement in India goes up

India, the world's third largest emitter of carbon dioxide, has the potential to reduce nitrogen oxide and particulate matter emissions by 35 percent and 28 percent respectively by 2050

Amid COVID-19 case surge, leading brokerages downgrade India’s GDP forecast for FY22
Business

Amid COVID-19 case surge, leading brokerages downgrade India’s GDP forecast for FY22

While Nomura has downgraded projections of economic growth for the fiscal year ending March 2022 to 12.6 percent from 13.5 percent earlier, JP Morgan now projects GDP growth at 11 percent from 13 percent earlier

IMF projects India’s growth rate to jump to 12.5% for 2021, stronger than that of China
Business

IMF projects India’s growth rate to jump to 12.5% for 2021, stronger than that of China

The Washington-based global financial institution said that the Indian economy is expected to grow by 6.9 percent in 2022

COVID-19 lockdown anniversary: Worst behind, Indian economy poised to bounce back but rising cases risk recovery
India

COVID-19 lockdown anniversary: Worst behind, Indian economy poised to bounce back but rising cases risk recovery

The lockdown sent the economy into its worst-ever contraction of 24.4% in the June quarter, followed by a -7.3% shrinkage in July-September, pushing the economy into a rare recession