NFO investment: SBI Mutual Fund has introduced SBI Nifty Bank Index Fund, an open-ended scheme designed to replicate the Nifty Bank Index. This scheme’s New Fund Offer (NFO) period commences on January 20, 2025, and concludes on January 31, 2025. The Nifty Bank Index includes up to 12 companies listed on the National Stock Exchange … Read more
Arvind Panagariya, Chairman, 16th Finance Commission, in conversation with ET Now at the Times Network India Economic Conclave. Panagariya says when it is said that inequality has gone up and billionaires are becoming richer and the poor are getting poorer, that gets a lot of attention, but that is really not true. Billionaires have come … Read more
India’s central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to … Read more
“So, our own estimate is 6.8% for GDP growth and we have seen in the last two-three quarters a big variance actually between GDP growth and GVA growth. One is sort of from the demand side, the other is from the supply side. And we do think the GVA growth is going to continue to … Read more
Kolkata: The Indian economy is on a firm footing with an improved external sector sustainability and a robust corporate balance sheet which along with a thrust on production linked incentive schemes could boost employment, said the Reserve Bank of India in its annual report. “The outlook for the Indian economy remains bright, underpinned by a … Read more
Lauding India‘s structural reforms, Amitabh Kant, India’s G20 Sherpa and former Niti Aayog chief, said such reforms have moved the country from the fragile 5 to the top 5, leading to a growth rate of about 8.4% in the last 3 quarters.“Analysts are correct in saying that 30% of the global GDP growth will come … Read more
For more than half a century, the handbook for how developing countries can grow rich hasn’t changed much: Move subsistence farmers into manufacturing jobs, and then sell what they produce to the rest of the world. The recipe — customized in varying ways by Hong Kong, Singapore, South Korea, Taiwan and China — has produced … Read more
The ratings firm has projected inflation to hit 5.5% this year, up half a percentage point from its previous forecast. Earlier this week, S&P retained its forecast for India’s economic growth at 6% for FY24 and 6.9% for the subsequent two years. “The risks are fairly balanced, especially on growth. In fact, growth could come … Read more
Saugata Bhattacharya, Chief Economist, Axis Bank, says “manufacturing, if it actually stalls, in addition to the agricultural uncertainty, given the low rains that we have seen in August, might actually pull GDP growth even lower than the 6.2% that we have been expecting and forecasting for Q2. That is likely to pull down overall annual … Read more
Finance secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity. India is currently the fifth largest economy … Read more