Economy slows to 4.4 per cent in Q3, govt’s full-year target intact

The manufacturing sector’s output, going by the gross value added in the third quarter of 2022-23, shrank 1.1 per cent compared with a growth of 1.3 per cent in the year-ago period.

published on : 1st March 2023

S&P cuts India’s GDP growth to 7 percent for FY23; SBI sees Q2 growth at 5.8 percent 

S&P Global Ratings has further slashed India’s economic growth projection to 7% for FY23 due to global slowdown, geopolitical tension between Russia and Ukraine and inflationary pressure. 

published on : 29th November 2022

India will stay ahead of the curve amid global economic slowdown: Stellantis CEO Carlos Tavares

While reports are pointing out that Europe is the number one risk in terms of the technical recession, followed by the US, he said India is not a risk and it has so much potential to grow, he said.

published on : 24th November 2022

Global slowdown coming, warn Goldman Sachs, Crisil

In the latest round of revisions, Goldman Sachs, Crisil and Icra have slashed India’s growth prospects.

published on : 22nd November 2022

State govts need to rev up capital expenditure to spur economic growth

Amid curbs on their borrowing, several states find it hard to rev up their capital expenditure, and the numbers available for the first six months of 2022–23 tell us a story.

published on : 11th November 2022

India’s merchandise export falls 3.5 per cent in September due to global slowdown

However, the country’s merchandise export in April-September 2022-23 was at USD 229.05 billion, an increase of 15.54% over USD 198.25 billion in April-September 2021-22.

published on : 5th October 2022

Your money faces headwinds amid surging inflation and economic slowdown. Watch out!

Gloomy and more uncertain, says the latest update from the International Monetary Fund (IMF), a multilateral agency on prospects for the world economy.

published on : 1st August 2022

Core sector growth slows down to 4.3 per cent in March 2022

However, fertiliser (15.3 per cent), cement (8.8 per cent) and electricity (4.9 per cent) production registered higher growth in March than in February.

published on : 30th April 2022

Indian economy 'weak', credit growth bottoming out: US brokerage firm report

It can be noted that there has been a slew of reports lately about a stronger recovery being underway after the jolt caused by the pandemic.

published on : 15th January 2021

Andhra Pradesh Chambers of commerce and Industry Federation meet Industry minister Goutham Reddy for industrial incentives

The members also said that trade and industry across the State was affected due to the global economic slowdown.

published on : 25th October 2019

Despite global turbulence, Indian economy's fundamentals remain strong: Ravi Shankar Prasad

The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.

published on : 16th September 2019

Modi government should accept historic economic slowdown: Priyanka Gandhi

Her attack comes after the GDP growth fell to 5 per cent for the quarter ending June, the lowest reported in over six years.

published on : 3rd September 2019

State of economy deeply worrying: Manmohan Singh

In a statement, the former PM said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a prolonged slowdown'.

published on : 1st September 2019

The 5% economy: India's growth dips to a seven-year low

What led to the slowdown? Worryingly, six out of the eight broad indicators used in GDP measurement sulked in June quarter over last year with manufacturing witnessing the lowest growth at 0.6%.

published on : 30th August 2019

Threat of economic slowdown is real: P Chidambaram 

Chidambaram was reacting to the Economic Survey-II 2016-17 which predicts that the economy may not be able to clock the growth rate of 7.5 per cent targeted in the pre-budget survey.

published on : 12th August 2017