At the sixth fortnightly review, the government reduced the tax on domestically produced crude oil to Rs 8,000 per tonne from Rs 10,500 per tonne
The central banker estimated growth for the second quarter of FY23 at 6.3 percent (versus 6.2 per cent earlier)
Supporting economic policies to help small businesses and lower income groups are imperative to make growth broad-based and sustainable
Paul Schulte, founder and editor, Schulte Research, talks about the rupee fall, global sell-off, Indian markets, and the dollar index in a special interaction with CNBC-TV18.
For the next fiscal year too, the forecast has been revised upwards to 5.8 per cent from 5 per cent earlier. Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report.
The Reserve Bank of India (RBI) may take cues from its global counterparts to raise interest rate for the fourth time in a row to control inflation.
India was never coupled fully with the global economy and so is relatively independent of global markets
In an interview with CNBC-TV18, he said that the mood in the market is “quite buoyant” on consumption and financials.
Although bank and corporate balance sheets are in good shape, there’s still a lot of uncertainty, which is holding back private capex
The meeting gains “utmost importance” against the backdrop of a World Bank report indicating that the globe could face a recession next year as central banks tighten monetary policy, one of the officials said.
The pivot idea of the National Logistics Policy will be the seamless interoperability, through an overarching interdisciplinary, cross-sectoral, and multi-jurisdictional architecture backed by a robust tech backbone
The prime minister made the remarks in presence of Russian President Vladimir Putin, Chinese President Xi Jinping, Pakistan Prime Minister Shehbaz Sharif and other leaders of the influential bloc
The market had crashed in the opening hour as investors were spooked by a higher US inflation print that had beat the Wall Street anticipation and stoked concerns of tighter monetary policy by the Federal Reserve
Despite the government taking several measures and economic activity remaining upbeat so far, the expected rate hike may pose some challenges to the economy, as per economists.
There is a clear trend reversal in FPI (Foreign Portfolio Investment) flows from July onwards since when overseas investors turned buyers in India after nine straight months of massive net outflows, which started in October last year.
Union Commerce and Industry Minister Piyush Goyal while highlighting India's growth story at the Stanford Graduate School of Business in San Francisco, United States, said, "this is not just India's decade, it's India's century." The union minister said that by 2050, India will be a $30 trillion economy and spoke about how the country is making rapid progress in many areas. He added that 40% of the world's digital transactions are happening in India. Watch this video for excerpts from Piyush Goyal's speech.
Given the perception that growth may be accelerating, led by investments, the domestic cyclical sectors could gain, the global investment bank has said
At 57.2, India's services PMI for August has come in above 50 for the 13th month in a row
The Indian economy surpassed UK's economy to become the fifth biggest economy, Indian Twitterati reacted to the good news and highlighted various reasons for the country's economic progress.
Pent-up demand continues to be strong, especially in the services sector
The Indian economy grew slower than anticipated last quarter, with economists predicting growth would come in at 15 percent, as per a Moneycontrol poll
According to EAC-PM Chairman Bibek Debroy, if India can maintain a growth rate of 7 to 7.5 percent for the next 25 years, it can reach upper-middle income status by 2047.
She said the International Monetary Fund and the World Bank have projected India's growth to be the fastest for the next two fiscal years
Winds are blowing clearly in India’s favour despite all the odds, according to the latest State of the Economy report. Are investors listening?
MC Exclusive Interview | In a wide-ranging conversation with Moneycontrol, Nilekani opened up on his vision for India, how long he plans to stay at Infosys, why Aadhaar is irreversible and what startups can do to defend themselves against the funding winter