Economic Growth
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Bank credit likely to grow at 4-year high of 11-12% in FY23: Report
Business | Apr 29, 2022, 06:24 PM ISTThe report said bank advances to micro, small and medium enterprises (MSMEs) could grow 12-14 per cent this fiscal, riding on the multiplier effect from some pick-up in capex.
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Budget 2022: Big private investment in infra would be guided by Gati Shakti, says Sitharaman
Business | Feb 01, 2022, 11:49 AM ISTNational Asset Reconstruction Co Ltd (NARCL) has commenced its activity, Sitharaman added.
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Economy regaining strength but Omicron haunts future, says RBI
Business | Dec 29, 2021, 06:44 PM ISTQuoting the stress tests on banks, the governor has also warned that gross NPAs may jump to 8.1-9.5 per cent by September 2022 from 6.9 per cent in September 2021.
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Union budget focuses on spending to boost economic growth, strengthen health sector: Prasad
India | Feb 07, 2021, 07:08 AM ISTUnion Minister Ravi Shankar Prasad on Saturday said the central budget for 2021-22 fiscal has focused on spending to build infrastructure and boost the economic growth of the country.
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Economic Survey pegs India's FY22 economic growth at 11%
Business | Jan 29, 2021, 03:02 PM ISTThe contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it.
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India within striking distance of attaining positive growth: RBI
Business | Jan 22, 2021, 12:39 PM ISTIndia's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
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India may lose $438 bn in output over next 2 years: SBI Ecowrap
Business | Jun 26, 2020, 08:00 AM ISTThe report's estimates are based on the International Monetary Fund's projections of a deeper recession in 2020 and a slower recovery in 2021.
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Digital transformation to be a key driver for growth due to shift in consumer behaviour
Business | Jun 13, 2020, 04:36 PM ISTTata Consumer Products Limited (TCPL) sees 'digital transformation as a key driver' for growth of the company and it is strengthening capability in this area, according to the company's annual report. The Tata Group firm expects a long term shift in consumer behaviour due to the coronavirus pandemic, while in short term an increase at-home consumption with a reduction in orders for take-out or deliveries is expected.
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Asia to see zero per cent growth in 2020 due to coronavirus outbreak, says IMF
Business | Apr 16, 2020, 12:15 PM ISTHit hard by coronavirus outbreak, Asia is expected to witness zero per cent growth in 2020, its worst growth performance in almost 60 years, but still the world's largest and most populous continent is likely to fare better than other regions in terms of activity, IMF said.
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India needs to spend USD 1.4 trillion on infrastructure during FY 2020-2025: Economic Survey
Business | Jan 31, 2020, 02:55 PM ISTInvestment in infrastructure is necessary for the economy, as power shortages, inadequate transport and poor connectivity affects overall growth performance, as per the Economic Survey 2019-20, tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman.
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Prepare for attack by govt on IMF, Gita Gopinath: P Chidambaram on growth forecast
India | Jan 21, 2020, 12:26 PM ISTSenior Congress leader P Chidambaram said he won't be surprised if GDP growth goes even lower after IMF lowered India's economic growth estimate for the current fiscal to 4.8 percent.
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Financial system remains stable despite weakening domestic growth: RBI
Business | Dec 27, 2019, 07:08 PM ISTThe Reserve Bank on Friday said the country's financial system remains despite slowing economic growth. The country's GDP slowed to a six-year low of 4.5 per cent in the second quarter of FY20, forcing the RBI to slash its growth forecast by 240 basis points to 5 per cent for the fiscal in its December monetary policy review.
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Government focusing on increasing consumption to boost economic growth: CEA
Business | Dec 13, 2019, 04:32 PM ISTChief Economic Advisor Krishnamurthy Subramanian on Friday said the government is focusing on increasing consumption to boost economic growth.
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India's economic growth slows to 4.5% in July-September
Business | Nov 29, 2019, 06:55 PM ISTIndia's economic growth has slowed to 4.5 per cent in July-September from 7 per cent a year ago, government data said on Friday.
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Challenges ahead for most Indian non-financial companies in 2020: Moody's
Business | Nov 28, 2019, 11:54 AM IST"Rated companies’ credit profiles are unlikely to improve significantly over 2020-2021 due to elevated debt levels, weakening profitability and the continued economic slowdown, which is pressuring both investment and consumption," Kaustubh Chaubal, a Moody’s Vice President and Senior Credit Officer said.
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PM Modi hopes BRICS summit will boost economic, cultural links
India | Nov 13, 2019, 03:56 PM IST"Reached Brazil to take part in the BRICS Summit. Will also meet various world leaders during this visit," Modi tweeted after his arrival here. On the sidelines of the 11th BRICS summit, Modi will meet Brazilian President Jair Bolsonaro to discuss ways to enhance the bilateral strategic partnership
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Tata Motors' India operations face acute challenges: Moody's
Business | Nov 12, 2019, 03:01 PM ISTMoody's assigned a Ba3 rating to the proposed senior unsecured notes to be issued by Tata Motors. The rating outlook is negative, Moody's said in a statement.
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Liquidity flows, healthy Q2 expected to push equities higher
Business | Nov 10, 2019, 10:54 AM ISTLiquidity flows, as well as positive sentiments on the back of better-than-expected quarterly results and the government's recent reform measures, have the potential to lift the key Indian equity indices higher during the upcoming truncated weekly trade, analysts opined.
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Slump in economic growth has bottomed out: Top govt official
Business | Nov 08, 2019, 08:28 PM ISTIndia's economic growth is showing signs of revival with pick-up in lending and recovery in the automobile sector, a top government official said insisting that the slump in GDP growth has bottomed out.
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ICRA revises outlook on construction equipment sector
Business | Sep 26, 2019, 03:37 PM ISTRating agency ICRA on Thursday revised the outlook on construction equipment (CE) sector to 'negative', citing a sharp drop in unit sales amidst slowing economic growth.