India economy

Budget 2023: Tough task ahead for FM Nirmala Sitharaman

Most global financial and rating agencies have downgraded India’s FY24 GDP growth estimates sharply, some are even projecting a sub-5% growth for next fiscal.

published on : 11th December 2022

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

India's job market outlook strong for October-December; 54 per cent companies plan to hire

The survey is based on interviews with more than 40,600 public and private employers across 41 countries and territories to measure anticipated employment trends each quarter.

published on : 13th September 2022

India would become USD 5-trillion economy by 2026-27: CEA

In 2019, Prime Minister Narendra Modi envisioned making India a USD 5 trillion economy and global powerhouse by 2024-25.

published on : 14th June 2022

Services activity expands at strongest rate in over 11 years in May amid mounting price pressures

The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 58.9 in May, up from 57.9 in April, amid better underlying demand and strong inflows of new work.

published on : 3rd June 2022

Retail sector sees uptick in hiring demand, shows significant recovery: Report

The Top contributing job roles in retail include sales & business development, customer service and data analyst/research analyst, says Monster India data.

published on : 10th May 2022

India's GDP likely to grow 7.5-8 per cent in FY23: CII President 

He said in the past the strategy of micro-containment has worked well for India, adding that the industry body does not anticipate a scenario of re-imposition of major lockdowns. 

published on : 25th April 2022

Ukraine war, oil price rise expected to negatively impact Indian economy: IMF

On the other hand, the IMF said the immediate impact of the war on China will be less.

published on : 18th March 2022

Moody's slashes India's economic growth estimate for 2022-23 to 9.1 per cent

It said India is particularly vulnerable to high oil prices, given that it is a large importer of crude oil.

published on : 17th March 2022

India GDP growth forecast cut to 7.9 per cent: Morgan Stanley

India is affected through three key channels -- higher prices for oil and other commodities; trade, and tighter financial conditions, influencing business/investment sentiment.

published on : 13th March 2022

New headache for Modi government? India’s tax collection shortfall pegged at Rs 10 lakh crore

Analysing the structural tax gap in India, the 15th Finance Commission pegged the shortfall in tax collections to be over 5% of GDP as against its potential.

published on : 3rd February 2021

UAE can play major role in India's transition to gas-based economy: Dharmendra Pradhan

The current share of gas in India's energy mix is 6.2 per cent, in comparison to the global average of 24 per cent, the Indian government aims to increase it to 15 per cent by 2030.

published on : 12th September 2019

As major economies put up protectionist barriers, WTO's credibility, survival at risk: Report

The report issued by the Bertelsmann Foundation comes amid a deepening trade dispute between China and the United States which has engulfed other major trading partners.

published on : 18th July 2018

BJP government not providing supportive environment for growth: Ex-Finance Minister Chidambaram

Delivering a public lecture in Melbourne, Chidambaram said "the current environment, unlike 1991 or 2004, is not very supportive to implement major reforms."

published on : 4th October 2017

Core sector growth slows down to 19-month low of 0.4 percent in June

The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- was 7 per cent in June last year, official data shows

published on : 1st August 2017