Economic growth

AP’s steady economic growth lauded

It is marvelous to know that AP has recorded 11.43% GSDP growth, the highest in the country in 2021-22 despite Covid blues.

published on : 11th March 2023

Economists divided over ex-RBI governor Raghuram Rajan’s ‘Hindu rate of growth’ comment 

Economists are divided over what former Reserve Bank of India (RBI) governor Raghuram Rajan recently said about the state of the Indian economy.

published on : 7th March 2023

Moody's ups India's growth projection for 2023 to 5.5 per cent on higher capex Budget

Moody's said India's growth projection has been "meaningfully raised" as strong data in the second half of 2022 created large carry-over effects for 2023.

published on : 1st March 2023

Govt to release second advance GDP estimate for 2022-23 on Tuesday

RBI had projected the real GDP growth for 2022-23 at 6.8 per cent, with the third quarter and fourth quarter growth at 4.4 per cent and 4.2 per cent, respectively.

published on : 28th February 2023

MPC members divided on further policy rate hike

The MPC, headed by RBI Governor Shaktikanta Das, raised the repo rate by 25 bps to 6.5% from 6.25% taking the total quantum of rate hikes since May 2022 to 250 bps.

published on : 23rd February 2023

Europe scrapes out economic growth by dodging gas disaster  

Fears of lagging economic growth have not deterred the ECB from its series of interest rate increases, which are raising the cost of borrowing for businesses and consumers. 

published on : 31st January 2023

Partners in progress: KTR asks NRIs to promote Telangana, India

Giving a peek into development, Rama Rao said that paddy production in the State was at 68 lakh tonnes and the government procured 24 lakh tonnes in 201

published on : 17th January 2023

China's 2022 economic growth seen as its lowest in 40 years

Beijing abruptly loosened pandemic restrictions in early December after three years of enforcing some of the harshest Covid measures in the world.

published on : 15th January 2023

Frequent construction bans in Delhi hitting business

The Confederation of All India Traders also said that the constant imposition of GRAP is affecting the economic activities and impacting the business operations.

published on : 9th January 2023

India’s growth prospects in the New Year

Economic forecasters are as unsure as astrologers, and the track record of either set on past projections is far from perfect.

published on : 7th January 2023

Fitch retains India growth forecast at 7 per cent this fiscal, cuts projections for next two years

In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal and slow to 6.2 per cent in 2023-24 and 6.9 per cent in 2024-25.

published on : 6th December 2022

Economic growth slows to 6.3 per cent in Q2, RBI spot on

Manufacturing, mining sectors drag growth, contracting 4.3% and 2.8%, respectively

published on : 1st December 2022

US economy rose 2.9 per cent in third quarter, upgrade from initial estimate

Last quarter's rise in the U.S. gross domestic product, the economy's total output of goods and services, followed two straight quarters of contraction.

published on : 30th November 2022

S&P cuts India's growth forecast to 7 per cent for FY23

While the World Bank has pared its growth estimate for India by 100 basis points to 6.5 per cent, IMF has trimmed it to 6.8 per cent from 7.4 per cent.

published on : 28th November 2022

Deloitte expects India to post 6.5-7.1% growth in FY 2022-23

An impending global slowdown or even a recession in a few advanced nations as early as the end of 2022 or early next year is likely to make the situation worse.

published on : 20th November 2022

RBI pegs Q2 GDP growth rate in range of 6.1-6.3 per cent

The apex bank pegged the current fiscal year gross domestic product (GDP) growth at 7%. In India, supply responses in the economy are gaining strength.

published on : 19th November 2022

Moody's cuts India's growth projection for 2022 to 7 per cent on global slowdown, rising rates

Moody's expects growth to decelerate to 4.8 per cent in 2023 and then to rise to around 6.4 per cent in 2024.

published on : 11th November 2022

China's economic growth accelerates but weak amid shutdowns

Growth for the first half of the year was 2.5 per cent over a year earlier, one of the weakest levels in the past three decades.

published on : 24th October 2022

Reform, economic growth focus to boost FDI opportunities to USD 475 bn in 5 years: EY-CII report

In particular, MNCs are enthused by the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms.

published on : 16th October 2022

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

Daniel Leigh, Division Chief of the IMF's Research Department said he expects inflation will be back towards the four per cent mark in 2023-2024.

published on : 11th October 2022
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