Economy
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India's core sector growth declines to 14-month low of 3.80 per cent in December
Business | Jan 31, 2024, 05:52 PM ISTThe core sector growth posted a figure of 7.8 per cent in November 2023, which was later revised to 7.9 percent by the commerce ministry on January 31.
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Indian economy's vibrant energy 'looking like a wow': Kumar Mangalam Birla
Business | Jan 29, 2024, 06:35 PM ISTA deeply impactful pulse of confidence in the nation is palpable, Birla said in his New Year message.
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India to become third largest economy with USD 5 trillion GDP in three years: Finance Ministry
Business | Jan 29, 2024, 04:13 PM ISTIndia was the 10th largest economy with a GDP of USD 1.9 trillion a decade ago, but now it stands as the 5th largest at USD 3.7 trillion.
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India Inc confident of achieving $5 trillion economy, country to grow over 6.50 per cent in FY25
Business | Jan 23, 2024, 06:25 PM ISTIndustries in automotive, consumers and retail, technology, media, telecommunication, energy, resources, and industrials expect high growth.
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Indian economy to see stronger-than-expected growth in FY24: RBI
Business | Jan 18, 2024, 06:31 PM ISTA weak global outlook could improve if geopolitical conflicts are resolved, resulting in a containment of their repercussions on commodity and financial markets, said RBI.
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Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
Business | Jan 17, 2024, 06:59 PM ISTThe governor said that structural reforms by the government in recent years have boosted the medium- and long-term growth prospects of the economy.
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Inflation moderating, moving towards 4 per cent target: RBI Governor Shaktikanta Das
Business | Jan 17, 2024, 06:28 PM ISTSpeaking at the World Economic Forum annual meeting in Davos, the governor expressed confidence in the effectiveness of monetary policy, stating that core inflation has been steadily decreasing.
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86 per cent Indian CEOs expect economy to improve over next 12 months: Survey
Business | Jan 17, 2024, 10:56 AM ISTAbout 62 per cent of business leaders in the country expressed "extreme or very confident" expectations regarding the growth of their companies over the next year, while 37 per cent of global CEOs shared similar confidence levels.
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India can become USD 5 trillion economy before 2028, says Hardeep Singh Puri
Business | Jan 16, 2024, 06:13 PM ISTPuri expressed confidence in meeting India's targets for 2030 on energy transition and highlighted initiatives such as the green hydrogen policy, aviation fuel targets, and biofuel blending potential.
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Over 24 crore Indians moved out of multidimensional poverty in last nine years: NITI Aayog
Business | Jan 16, 2024, 11:24 AM ISTAs per the report, multidimensional poverty in India fell from 29.17 per cent in 2013-14 to 11.28 per cent in 2022-23, declining by 17.89 per cent.
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Wholesale inflation increases to 0.73 per cent in December on rising food prices
Business | Jan 15, 2024, 01:15 PM ISTThe positive inflation rate in December is attributed to higher prices of food articles, machinery and equipment, other manufacturing goods, other transport equipment, and computer, electronics, and optical products, among others.
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Retail inflation edges up to 4-month high of 5.69 per cent in December
Business | Jan 12, 2024, 06:30 PM ISTFood inflation, which constitutes nearly half of the overall consumer price basket, increased to 9.53 per cent in December, up from 8.70 per cent in November.
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Government plans to trim budget gap by 50 bps, increase capital spending by 20 per cent in FY25
Business | Jan 11, 2024, 03:00 PM ISTThe proposal to trim the fiscal deficit by 50 basis points is currently being discussed, along with other potential scenarios for the upcoming budget year starting in April, as per government sources.
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Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27
Business | Jan 09, 2024, 01:24 PM ISTAccording to the chief minister, Gujarat, with five per cent the country's population, contributes 8.3 per cent to the national gross domestic product, and in the previous year, the state accounted for 33 per cent of India's total merchandise exports.
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Economy to grow by 7.3 per cent in current fiscal against 7.2 per cent in 2022-23, govt estimates
Business | Jan 05, 2024, 06:25 PM ISTThe government on Friday estimated that the Indian economy will grow by 7.3 per cent in current fiscal against 7.2 per cent expansion in Financial Year 2022-23, PTI reported.
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Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI
Business | Dec 28, 2023, 08:41 PM ISTThe Reserve Bank on Thursday said net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent at the end of September 2023 and the country's domestic financial system remains resilient.
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India set to become third-large economy by 2030, says S&P
Business | Dec 05, 2023, 11:40 AM ISTS&P forecasted that India will achieve 7 per cent GDP growth in 2026-27 fiscal and the growth rate will propel the county to become the third-largest economy. India currently is the fifth largest economy in the world behind the US, China, Germany and Japan.
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India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global
Business | Oct 24, 2023, 08:34 PM ISTIndian economy: The digital transformation of India that is currently underway is expected to accelerate the growth of e-commerce, changing the retail consumer market landscape over the next decade.
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Gujarat to emerge as USD 1 trillion economy by 2030: CM Bhupendra Patel
Gujarat | Oct 05, 2023, 06:36 PM ISTGujarat news: Subhrakant Panda said that FICCI was working closely with the Gujarat government across a range of sectors including startups, energy, defence, education and skill development, and tourism.
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PM Modi's swipe at Telangana CM over corruption: 'KCR wanted to join NDA, but we didn't allow'
Hyderabad | Oct 03, 2023, 05:47 PM ISTOne of the major projects of the visit will be the inauguration of the first 800 MW unit of phase 1 of the Telangana Super Thermal Power Project by the National Thermal Power Corporation (NTPC).