Indian Economy
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Nobody is in denial about price rise, Indian economy definitely much better, says Sitharaman
Business | Aug 02, 2022, 11:51 PM ISTNirmala Sitharaman in Rajya Sabha: The finance minister said that the government has adopted a targeted approach based on ground-level inputs to tackle retail inflation which is ruling at around 7 per cent.
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Retail inflation for industrial workers eases to 6.16 pc in June
Business | Jul 30, 2022, 12:55 PM ISTThe Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling CPI-IW every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.
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Muqabla: Is 'revari culture' a major hindrance in India's development?
News | Jul 17, 2022, 06:37 PM ISTRecently PM Modi cautioned people against what he called a "revari (sweet) culture" under which votes were sought by promising freebies and said this could be "very dangerous" for development of the country. Is it high time to stop this culture once and for all? Watch this episode of Muqabla.
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Top 3 challenges that women entrepreneurs face in the startup Indian economy
Business | Jun 30, 2022, 04:19 PM ISTWhile many issues plague the sector, here are the three main challenges that some entrepreneurs face in the startup Indian economy:
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Development of villages must for India to reach USD 5 trillion economy, says Amit Shah in Gujarat
India | Jun 12, 2022, 06:11 PM ISTHome Minister Amit Shah talked about rural development while addressing the 41st convocation ceremony of the Institute of Rural Management (IRMA) in Gujarat.
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India among top 10 global economies for FDI in 2021: UN report
Business | Jun 10, 2022, 10:27 AM ISTIndia ranked 7th after the US, China, Hong Kong, Singapore, Canada and Brazil for FDI inflows in 2021.
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World Bank slashes India's GDP growth forecast to 7.5% for FY23
Business | Jun 07, 2022, 09:44 PM ISTIn April, the World Bank had trimmed the forecast from 8.7 per cent to 8 per cent and now it is projected at 7.5 per cent. The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.
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PM Modi says 5G technology will contribute $450 billion to Indian economy
Business | May 17, 2022, 06:46 PM ISTUnderscoring the role of the telecom sector in the progress of the country, he also said that by the end of this decade, the country will be able to launch 6G services of its own.
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Indian economy witnessing 'V-shaped recovery' due to Centre's efforts amid COVID: Rajnath Singh
India | May 15, 2022, 09:04 AM ISTRajnath Singh was addressing a workshop on financial market organised by Lucknow branch of CIRC of ICAI in Lucknow on Saturday.
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YouTube's creator ecosystem contributes Rs 6,800 crore to Indian economy in 2020: Report
Business | Mar 04, 2022, 06:25 PM ISTThe report assessed YouTube's economic, societal, and cultural impact in India. It shows that YouTube’s growing creator ecosystem supported 6,83,900 full-time equivalent jobs in the country in 2020.
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India's GDP grows 5.4 pc in Q3; remains world's fastest growing major economy
Business | Feb 28, 2022, 07:15 PM ISTThe gross domestic product (GDP) had expanded by 0.7 per cent in the corresponding period of 2020-21, according to the data released by the National Statistical Office (NSO).
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India economy to grow at quickest pace among large nations: Finance Ministry report
Business | Feb 16, 2022, 03:48 PM ISTObserving that the IMF in its January 2022 update has lowered its global growth estimate for 2022, the report said India is the only large and major country listed by the IMF whose growth projection has been revised upwards in 2022-23.
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Indian economy contracts by 6.6% in 2020-21 against estimate of 7.3%, NSO data shows
Business | Jan 31, 2022, 08:12 PM ISTAs per the provisional estimates released in May 2021, the GDP had contracted by 7.3 per cent during 2020-21 on account of the outbreak of COVID-19 and subsequent nationwide lockdown to contain the pandemic.
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IMF cuts India's economy growth forecast to 9 per cent in FY22
Business | Jan 25, 2022, 08:15 PM ISTIn its latest update of World Economic Outlook on Tuesday, the International Monetory Fund, which had in October last year projected a 9.5 per cent GDP growth for India, put the forecast for the next fiscal FY23 (April 2022 to March 2023) at 7.1 per cent.
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'Some bright spots, number of very dark stains': Raghuram Rajan on Indian economy
Business | Jan 23, 2022, 12:11 PM ISTKnown for his frank views, Rajan also said the government needs to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
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RBI retains growth forecast for current fiscal at 9.5 per cent
Business | Dec 08, 2021, 12:30 PM ISTRBI Governor Shaktikanta Das said managing a durable, strong and inclusive recovery is the central bank's mission.
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Second quarter GDP numbers to be released today
Business | Nov 30, 2021, 11:44 AM ISTIndia Ratings said that the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.
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PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet
Business | Nov 18, 2021, 02:47 PM ISTPrime Minister Narendra Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being a loan approver to a loan applicant.
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India has potential to grow at reasonably high pace in post-pandemic scenario: RBI Governor
Business | Nov 16, 2021, 05:23 PM ISTI firmly believe that India has the potential to grow at a reasonably high pace in the post-pandemic scenario, said Reserve Bank of India Governor Shaktikanta Das.
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Cows, their dung and urine can help strengthen economy of MP: CM Shivraj Singh Chouhan
India | Nov 13, 2021, 11:20 PM ISTChouhan pointed out that the BJP government in MP has created several cowsheds or 'gaushalas' in MP.