Economy

Economy News

‘Hasty decisions by a single individual lead to disasters’

India’s growth below official rate: Raghuram Rajan in new book “We must admit the possibility that we haven’t even been growing at the official rate,” write Raghuram Rajan and Rohit.

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Economy News

Economists revise FY24 GDP forecasts by up to 0.8% after strong Q2

As many as 10 economists have revised upwards their growth projections for the current fiscal year by 20-80 basis points (bps). In the light of the higher-than-expected GDP growth of.

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Economy News

RBI may cut rates only after Lok Sabha elections: Economists’ poll

MPC to keep repo rate unchanged at 6.50% in the next policy The Reserve Bank of India’s six-member monetary policy committee (RBI MPC) will likely pivot towards repo rate cuts.

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Economy News

No relaxation in borrowing limits for Kerala, other states: Finance Minister

To a question on whether the Centre proposes to relax the existing borrowing terms considering the financial crisis of Kerala, Sitharaman replied in the negative. Finance Minister Nirmala Sitharaman on.

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Economy News

LNG consumption, imports seen rising as prices ease

The surge in imports can be attributed to increased gas consumption in the fertilizer and power sectors. India’s consumption of Liquified Natural Gas (LNG) is expected to rise further in.

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Economy News

India’s services sector PMI declines to one-year low of 56.9 in November 2023 on slow order growth, output

According to S&P Global’s survey data, the increase in Indian services activity extended into November, with cooling price pressures and demand resilience inducing sales growth. India’s services activity growth declined.

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Economy News

States debt to stay elevated at 31-32 per cent this fiscal: Report

Indebtedness of a state is measured as the ratio of its debt to gross state domestic product (GSDP). States’ debt will remain elevated at 31-32 per cent of their gross.

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Economy News

India’s Q2 GDP delivers 7.6% reading, does it indicate a slowdown in H2?

After a strong growth of 7.8 per cent in the first quarter, the second quarter GDP reading too came in significantly higher and well above estimates at 7.6 per cent.

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Economy News

India and EFTA states conclude 20th round of trade talks

Commerce Secretary Sunil Barthwal headed the Indian representation during this meeting, while Helene Budliger Artieda, Swiss State Secretary at the State Secretariat for Economic Affairs, led the EFTA delegation. India.

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Economy News

Global value chains to aid $7-trillion aim: FM Nirmala Sitharaman

Finance minister Nirmala Sitharaman said on Monday, stressing the importance of the India-Middle East-Europe Economic Corridor (IMEC) for international trade. India’s continued systemic reforms and participation in the global value.

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