The RBI Governor said banks have already started to pass on the hike in repo rates to their depositors and the trend is expected to continue.
The government is implementing the AP Disaster Recovery Project (APDRP) to instal underground power cables in Visakhapatnam at a cost of about `720 crore with financial assistance from the World Bank.
The eight core industries include electricity, coal, crude oil, natural gas, refinery products and fertilizers. Coal, petroleum, cement and electricity rose in double digits.
A day after their bonhomie on stage set tongues wagging, Prime Minister Narendra Modi and Chief Minister M K Stalin gave vent to their political differences.
India will make significant contributions to economic growth in Middle East and South Asia through I2U2
PM Narendra Modi said the I2U2 grouping has established a positive agenda and its framework is a good model for practical cooperation in the face of increasing global uncertainties.
Considering the unending economic uncertainties, it has cut global growth to 3.2% and 2.9% in 2022 and 2023, respectively 0.4% and 0.7% lower than its April estimates.
As for price rise, the IMF made no bones about the fact that inflation is here to stay. Its baseline projections for global inflation are pessimistic.
On the global economy, he said it had recovered from the pandemic shock in 2022 on the back of supportive fiscal and monetary policies and mass vaccination programmes.
Citing statistics, Ramesh Chand said that Andhra Pradesh performance is better than other States with regard to the per capita income and growth rate in agriculture and allied sectors.
"I also believe our military exchanges in the Indian ocean, defence trade, manufacturing in the defence sector can also lead to greater engagement between Africa and India," he said.
The sector’s 19% growth in FY22 was the highest in the past 8 years, says the report, adding the higher growth in FY22 had come on the back of a modest uptick of 6% in fiscal 2021.
The bank said asset quality parameters on the portfolio continue to see improvement in Q1FY23, in line with the improving trend of the past few quarters.
The rating agency said that inflation could, however, offset the growth potential to some extent by curbing the demand for credit.
Verma said that MSMEs play an important role in job creation and expansion of manufacturing base in the country, and there is a need to enhance focus on them to achieve a USD 5 trillion economy.
The panel took solace from the fact that inflation would start coming down from the second half of the financial year.
Wipro Consumer Care started the Lighting business in 1992. Over the years, the business has grown both in B2B and B2C segments to make Wipro a significant player in the category.
The Indian government should create policies that focus on GDP growth with equitable income distribution. India can then attract investments and curb high profile exits.
Fitch cuts economic growth forecast to 7.8 per cent; revises India rating outlook to 'Stable' from 'Negative'
"The Outlook revision reflects our view that downside risks to medium-term growth have diminished due to India's rapid economic recovery," it said.
Toy park to be established over 100 acres of land in Yadadri to end China’s monopoly in manufacturing, boost local toy makers’ business
Though the double-digit price rise helped India’s FMCG market grow 6% in value in the January-March quarter, it witnessed a contraction in volume terms.