Economy

Economy News

India likely bracing for El Nino impact on monsoon, says former farm secretary

Any shortfall in showers during the June-September rainy season could hurt India’s crop output, boost food inflation and prompt the government to continue curbing exports of wheat, rice and sugar..

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RBI may reduce policy rate in fourth quarter of 2024: Oxford Economics

It further said inflation has already begun easing, and consumer inflation expectations are falling, so attention has shifted from estimating the peak level of the current hiking cycle to the.

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Economic recession in Germany may impact certain export sectors from India: CII EXIM

Germany, the world’s fourth-largest economy, is facing recession as its GDP fell 0.3 per cent in the first quarter of 2023, following a decline of 0.5 per cent in the.

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India to be green hydrogen hub by 2040: Hardeep Singh Puri

Indian economy will grow beyond $20 trillion and the per capita income will grow by 10 times from now in the next 15 years, he said. Manish Gupta India will.

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India poised for world-beating growth, says CEA V Anantha Nageswaran

While higher borrowing costs might have slowed some activity, India remains the world’s fastest-growing major economy, outpacing China and drawing foreign inflows into the equity markets. India’s strong credit demand.

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PM Modi to chair NITI Aayog Governing Council meet on Saturday

In this context, the statement said the 8th Governing Council Meeting provides an opportunity to create a roadmap for Viksit Bharat by 2047 in which Centre and states can work.

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India Inc pays less for imported inputs, machinery imports keep pace

Indian businesses are paying less for imported energy and other inputs like chemicals while buying more machinery from overseas sources, according to official data. Indian businesses are paying less for.

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Pvt consumption, rural demand to drive growth in Q1: RBI article

The prices of vegetables and fruits are also weathering the summer heat better and their momentum is lower than their historical record for this time of the year, it said..

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RBI governor Shaktikanta Das rules out Rs 1,000 notes

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday ruled out the re-introduction of currency notes with a denomination of Rs 1,000. Addressing the media for the first time.

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Economy News

FOREX-Dollar steady as debt ceiling talks to resume

The greenback was little changed at 137.975 yen to start the week, having snapped a six-day winning streak on Friday, pulling back from a six-month peak. The dollar was broadly.

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