BUSINESS
PMI or GVA – Which is the true manufacturing sector indicator, anyway?
The July-September quarter was the worst for India's manufacturing sector since the national lockdown in April-June 2020, going by official national accounts data. However, PMI numbers tell a different story
BUSINESS
CPI inflation slumps to 11-month low of 5.88% in November
After falling for the second month in a row, retail inflation has now fallen below the 6 percent upper bound of RBI's tolerance band for the first time in 2022
BUSINESS
Risk making wrong norms for crypto without more data: RBI Deputy Governor Rabi Sankar
Rabi Sankar also said regulators, globally, should be more forthright when dealing with new concepts. According to the central banker, the "crypto craze" may not have become so big if regulators had not provided an implicit approval of sorts by saying they need to be regulated
BUSINESS
Weeks before Budget, CEA Nageswaran warns govt capex can't keep rising at same pace
The comments by the government's top economist come amid expectations that the Centre may keep pushing the pedal hard on capex in the Budget for 2023-24
ECONOMY-2
Investors may get till January to submit interest papers for IDBI Bank stake
The government is “not chasing” the divestment target for the financial year ending March 31, the official said.
BUSINESS
CPI inflation may have hit 9-month low of 6.4% in November, October IIP down 0.4%
Data on November retail inflation and October industrial growth will be released on Monday
BUSINESS
Nomura sees India FY24 GDP growth at 5.1%, RBI cutting repo rate by 75 bps in 2023
Nomura's forecast comes on the day RBI raised the repo rate for the fifth time in eight months and cut GDP growth forecast for FY23 by 20 basis points to 6.8 percent
BUSINESS
Das stresses on 'trust' factor to resolve clearing house row with European regulators
Das' comments come after the European Securities and Markets Authority (ESMA) on October 31 derecognised six Indian clearing houses with effect from May 1, 2023
BUSINESS
Fitch expects 25 bps rate hike by RBI tomorrow, stay on hold in 2023
The ratings agency has retained its GDP growth forecast for India at 7 percent for FY23 but cut the forecast for FY24 by 50 basis points to 6.2 percent
BUSINESS
In Charts | Mapping the fundamentals since September 30 monetary policy decision
The Indian central bank looks at a variety of economic indicators before deciding on interest rates and other monetary policy matters. How have some of these data points moved since the Monetary Policy Committee (MPC) last met?
BUSINESS
India's growth rate cycle has likely peaked, says Nomura
Nomura expects India's GDP growth to fall to 5.2 percent in FY24 from around 7 percent in the current financial year
BUSINESS
GDP data shows continued momentum, on track for 6.8-7% growth in FY23: CEA Nageswaran
Nageswaran's comments come after latest data showed India's GDP growth more than halved to 6.3 percent in July-September
BUSINESS
GDP growth falls to 6.3% in July-September, meets expectations
The sharp fall in GDP growth in July-September was due to the fading away of a favourable base effect
BUSINESS
GDP growth may more than halve to 6.3% in July-September, finds poll
Economic growth is expected to have fallen sharply in the second quarter of financial year 2022-23 as the effect of a favourable base faded
BUSINESS
'Highly doable' for Centre to cut fiscal deficit to 4.5% of GDP by FY26: MPC's Ashima Goyal
While the latest data shows the Indian government is on track to meet the fiscal deficit target for the current financial year, questions have been raised about whether the medium-term target of 4.5 percent will be achieved
BUSINESS
Pass-through of higher input prices to retail inflation nearly complete: FinMin
According to the finance ministry's monthly economic review report, India's inflation dynamics have shifted from imported inflation to domestically driven inflation
BUSINESS
Govt should seek transparency from providers of governance indicators: Sanjeev Sanyal
India's deteriorating performance in global governance indicators cannot be ignored given their influence on sovereign ratings, the member of the Economic Advisory Council to the Prime Minister has argued in a paper
BUSINESS
RBI staff see downside risk to GDP growth forecast of 6.3% for Q2
RBI staff sees a 20 basis points drop in growth at 6.1% when the data is released on November 30
BUSINESS
After August pull-back, RBI net sold $10 billion in September
In July, the RBI had sold a record $38.77 billion in gross terms as the Indian rupee breached the 80-per-dollar mark for the first time on July 19
BUSINESS
Interview | India's exports won’t rebound before mid-2023: ECRI's Lakshman Achuthan
The hit to India's growth from weak global demand should not be underestimated, the co-founder of New York-based Economic Cycle Research Institute warns
BUSINESS
CPI inflation declines to a 3-month low of 6.77% in October
Despite the sizeable fall in inflation from September's 7.41 percent, it remains above the 6 percent upper bound of RBI's tolerance band
BUSINESS
FX reserves not a showpiece, must be used on a rainy day: RBI Governor Das
Das defended the Indian central bank's interventions in the foreign exchange market, adding that the RBI's reserves were "very comfortable"
BUSINESS
India, US to work on new climate finance assistance deal for developing countries
At present, the developed country goal is to pool together $100 billion annually till 2025 to help developing countries mitigate climate change and make the transition to a cleaner future, according to a joint statement from both the countries
BUSINESS
India key partner in US' friend-shoring agenda, says Treasury Secy Janet Yellen
Yellen takes a dig at China and Russia, saying the world had been for too long overly reliant on "risky countries" that "wield trade as a geopolitical weapon"
