A firefighter carries a body of a victim from a fire that broke out at a commercial complex in Dhaka, Bangladesh, on March 1, 2024. | Photo Credit: AP First technical team from India arrives in Maldives The government has confirmed that a team of Indian technical personnel have landed in Maldives to replace military troops that … Read more
International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by … Read more
Private sector capital expenditure needs to make a comeback for rebalancing the Indian economy towards investment and manufacturing – from a consumption driven one – V Anantha Nageswaran, India’s Chief Economic Advisor (CEA) said Thursday.“Balance sheets have been largely repaired both in the financial sector and the corporates. The gross savings of the private non-financial … Read more
Indian Finance Minister Nirmala Sitharaman | Photo Credit: AP The government ensured that no one went hungry during the pandemic by providing free foodgrains to 80 crore poor people, Finance Minister Nirmala Sitharaman said on February 1. Also Read | Union Budget 2023-24 live updates In times of global challenges, G-20 presidency gives an opportunity … Read more
The Centre is likely to come out with a ‘Blue Economy‘ policy, aimed at harnessing ocean resources, in the next couple of months, a senior official said on Friday. The contribution of ‘Blue Economy‘ to the country’s GDP currently stands at approximately four per cent and the policy aims to increase it to double digits … Read more
Image used for representational purpose only. | Photo Credit: The Hindu India is well placed to grow at a “moderately brisk rate” in the coming years on the back of macroeconomic stability, despite global monetary tightening, a Finance Mnistry report said on Thursday. It further said inflationary pressures will ease in the coming months with … Read more
Merchandise exports touched a record $40.38 billion, while imports rose to $59.07 billion, a government source said on Friday, referring to provisional trade data. Monthly trade deficit in March was estimated at $18.69 billion, according to Reuters calculations. Merchandise exports for the financial year 2021/22 ending in March touched $417.81 billion while imports rose to … Read more
The Indian economy grew by 5.4% year-on-year in the third quarter of the current fiscal year, data from the Ministry Of Statistics And Programme Implementation showed Monday. India, Asia’s third-largest economy has now posted the fifth consecutive growth of positive growth. The growth albeit, is slower than previous two quarters, amid rising risks from higher … Read more
The World Bank has retained India’s economic growth forecast for the current fiscal at 8.3 per cent as the recovery is yet to become broad-based. As per the first advanced estimates of the national income released by the National Statistical Office (NSO) last week, the economy is projected to grow at 9.2 per cent in … Read more
Growth outlook in India beyond the Covid-19 pandemic and tightening of liquidity conditions are two key macroeconomic factors that will lead to volatility in Indian equity markets in the year ahead, global markets research firm Nomura said in its outlook report. As expected, the Reserve Bank of India might comb back some of the pandemic … Read more