In July, equity benchmarks Sensex and Nifty advanced nearly 8.5 percent each, while in August so far they have gained 3.2 percent individually
In times of extreme stress in the economy, the sentiments bend the markets towards the point of the economic cycle. But soon enough we see that markets start playing their role of being complex adaptive mechanisms that are forward looking
India is among the top three markets for Reckitt, earlier known as Reckitt Benckiser, and owns popular household brands such as Dettol, Lysol, Harpic, Durex, Veet and Strepsils.
Bondholders have until 5 p.m. New York time (2100 GMT) on Tuesday to decide whether to back or vote down the proposal by Ukraine’s government, which faces a $5 billion monthly financing gap and liquidity pressures following Russia’s invasion on Feb. 24. Time is precious: the country has a $1 billion bond maturing on Sept. 1
While high-frequency indicators suggest improvement in urban demand, the picture for rural demand is mixed.
The hike came largely on expected lines as the RBI continues on a warpath against high inflation
Leaders held meetings with ministerial and provincial-level officials last week, during which they were told the target won’t be used to evaluate their performance and there won’t be penalties for failing to achieve it, according to the people, who asked not to be identified because they were not authorized to discuss the matter publicly.
The better-than-expected reports from the Commerce Department on Wednesday left economists scrambling to upgrade their gross domestic product estimates for the last quarter, which had ranged from negative to barely growing.
The multilateral agency's latest forecast is only marginally higher than that of the Reserve Bank of India. Economists, however, see the risk of India's growth slipping below 7 percent this fiscal
According to Pronab Sen, India’s former chief statistician, the government must ensure fiscal support to ensure the economy does not tip over into a slowdown at a time when the RBI is applying brakes to curb red hot inflation.
FICCI survey says need balance between fiscal and monetary policy imperative to manage price levels
Downgrading its 2022 forecast for a third time, the ADB said it now expects the bloc's combined economy, which includes China and India, to expand 4.6 per cent, slower than its 5.2 per cent projection in April.
There has to be a trade-off the central bank has to look at and hence re-focus on growth once inflation provides some semblance of control, Kunal Kumar Kundu has said
The growth momentum is expected to continue in 2022-23 as well as seen in several high frequency indicators, the minister of state for finance said
The analytics firm expects India's CPI inflation to average 6.5 percent as against 7 percent earlier in this fiscal year and retains the CPI estimate at 5.3 percent for the next fiscal
The world's second-biggest economy grew 0.4 percent in the April to June period, the National Bureau of Statistics (NBS) said, piling pressure on the Communist Party's leadership as it gears up for its 20th Congress, when President Xi Jinping is expected to be handed another five-year term.
Shukla suggested this to the government at a round-table discussion held during the 6th National Conclave on Mines and Minerals.
“We see rising medium-term growth headwinds from higher inflation, monetary policy tightening, dormant private capex growth and, most importantly, global growth slowdown.”
Ever wondered what lies beneath the headlines on growth or inflation numbers, and the jargon associated with the two most important macroeconomic indicators? Want to understand how can an economic recovery be described by letters of the alphabet? If such questions leave you scratching your head, then this ready-reckoner is all you need! Watch the video to learn about the terms key to understanding the economic turmoil prevailing in India and the world.
Eminent experts predicted that this fiscal year, despite global headwinds mostly brought on by the ongoing Russia-Ukraine war, the Indian economy might grow by 7–7.8% on the strength of improved agricultural production and a revived rural sector.
According to Prime Minister Narendra Modi, the Indian economy will grow by 7.5% this year, making it the major country with the quickest rate of growth.
After arriving in the city on Wednesday morning, a group of dissident Shiv Sena MLAs from Maharashtra set up camp at a Guwahati hotel, turning it into an impenetrable fortress.
”Domestic economic activity has been gaining traction in spite of formidable headwinds from external developments,” the Reserve Bank of India said in its monthly bulletin published on Thursday.
Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.
It would be unrealistic to expect real GDP growth rates of 9 percent unless exports pick up substantially, which could be an issue as the external demand situation is not as rosy as it might have been, Bibek Debroy said.