New Delhi: India’s economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review, Wednesday. NCAER noted that high frequency indicator like Purchasing Managers’ Index and Goods and Services Tax collection indicated a resilient economy with services accelerating and manufacturing gaining momentum. “The markers … Read more
Chief Economic Adviser V Anantha Nageswaran on Saturday said that India is facing global shocks with a position of strength backed by far better household, corporate and financial sector balance sheets and its medium term growth outlook is good. “Overall, all things considered, including the risk of oil price, I do believe that the external … Read more
The business confidence has remained buoyant in the third quarter of the current financial year, though the pace of rise was moderated by a spurt in the number of COVID-19 cases in December 2021, said economic think-tank NCAER. Business sentiments recovered in the October-December quarter of 2021-22 as compared to those prevailing in the July-September … Read more
The quarterly contraction in India’s growth in the ongoing fiscal is set to end in the third quarter with a marginally positive 0.1% growth, according to the National Council for Applied Economic Research (NCAER). The think tank pared its forecast of gross domestic product (GDP) growth during the ongoing fiscal to -7.3% compared to -12.6% … Read more