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Indian economy News

16 Jan 2023

Modi govt's 'visionary decisions' like demonetisation saved our economy: Naqvi

PM Narendra Modi has emerged as a "global hero" of "reform, perform and transform", former Union minister and senior BJP leader Mukhtar Abbas Naqvi said.

06 Jan 2023

Blue, grey-collar job vacancies see 4x jump in last one year: Report

Job vacancies in blue and grey-collar segments have jumped four times in the last one year. It is driven by digitisation, automation and changing work models, according to a report. The report is based on job postings on the Billion Careers platform.

15 Dec 2022

'Next year is going to be...': Ex-RBI governor to Rahul on Indian economy

Former RBI governor Raghuram Rajan joined the Rahul Gandhi-led Bharat Jodo Yatra in Rajasthan.

14 Dec 2022

‘UP will become an economic powerhouse of India’ says US envoy Sandhu

UP will become an economic powerhouse of India says US envoy Sandhu Sandhu noted several transformative changes taking place in the state UP, with a population of 240 million is the most populous state

06 Dec 2022

'Rare to see...': Anand Mahindra reacts to World Bank's India GDP forecast

Anand Mahindra said it's rare to see an upgrade in a GDP forecast these days. World Bank has revised India's GDP forecast upward to 6.9% for this fiscal. This is the first upgrade of India's growth forecast by any international agency amid the global turmoil.

06 Dec 2022

India may emerge fastest growing emerging markets in current fiscal: Fitch

World Bank today said that the Indian government is on track to meet its fiscal deficit target of 6.4% of the GDP for 2022-23. Fitch Ratings retained the economic growth forecast for India at 7% for the current fiscal. World Bank also expressed optimism that India's real GDP would grow at 6.9% in the current fiscal.

03 Dec 2022

India vs Pakistan: From forex reserves to GDP, rupee, defence budget and more

India and Pakistan's tussle against each other has been a story of arch rivalry. Recently, when India refused to travel to Pakistan for the next Asia Cup series, Pakistan Cricket Board's chief Ramiz Raza gave absurd comparisons quoting India vs Pakistan's recent matches. Raza reportedly said that Pakistan defeated the billion-dollar industry twice in a year. So, since Ramiz Raza is out there comparing the recent performance of India vs Pakistan which is 2-2 in the last four games, let's look at some other aspects of how the two nations are performing on key indicators:

28 Nov 2022

GDP may print at 5.8 percent in Q2 as manufacturing weakens: SBI Research

SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates. SBI Research cited a weak manufacturing sector coupled with the steep margin compression for lower forecast. The government will release the official numbers on November 30.

25 Nov 2022

India's Inflation may ease to RBI's tolerance level of 6% in coming months: FM

India's inflation is likely to ease in the coming months, partly due to fall in commodity prices: Finance Ministry. India's annual retail inflation has remained above the central bank's tolerance limit of 2% to 6% since January. The finance ministry has also said that a global slowdown may dampen the country's exports businesses outlook.

11 Nov 2022

Startups not just firms, they are passion to innovate, solve challenges: PM

Prime Minister Narendra Modi said that the world today recognises India for its startups. PM Modi said that startups are not just companies but they are spirits or passion for doing something new. The PM said that Bengaluru plays a crucial role in strengthening India's image as a startup hub.

08 Nov 2022

6 years of demonetisation: Digital payments boom after demonetisation

The biggest decision related to the Indian economy was taken 6 years ago. Prime Minister Narendra Modi gave an address to the nation on 8 November 2022 at 9 pm, under which the old notes of 500-1000 rupees were announced to be discontinued.

Chief Economic Advisor

07 Nov 2022

India in stable economic situation, growth momentum is good: CEA

Chief Economic Advisor V Anantha Nageswaran said that India is in a stable situation He said that the growth momentum is good despite the multiple crises taking place simultaneously CEA said that the world is passing through a 'polycrisis'

01 Nov 2022

DNA: How Indian economy will benefit from digital currency?

Now you will be able to do transaction in a currency which you can neither touch nor it will get spoiled and you will be able to keep it for many years. Today, digital currency has been started as a pilot project in the country. In DNA we will tell you how digital currency is going to change the economy of the country.

28 Oct 2022

Foreign trade to be a defining feature in making India $30 trillion economy

Foreign trade would become a truly defining feature that would help India become a USD 30 trillion economy: Piyush Goyal We are looking to cross the USD 30 trillion economy with a per capita GDP of 15,000 dollar, he added. The world wants Free Trade Agreements with us.

Nirmala Sitharaman

27 Oct 2022

Finance Minister says India's growth resilient despite exogenous threats

FM Sitharaman made these observations while attending the 7th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), via video conferencing.

26 Oct 2022

Taal Thok Ke: Why CM Kejriwal urges for Lakshmi and Ganesh's photo on currency notes?

Political uproar is increasing over Arvind Kejriwal's statement. Delhi CM says that there should be a photo of Lakshmi-Ganesh ji along with the picture of Gandhi ji on the Indian currency. Now BJP's Sambit Patra has hit back at the Aam Aadmi Party regarding this. He has said that Kejriwal is pretending and God will not forgive him.

17 Oct 2022

`We want to see India become an economy of over 30 trillion dollars by 2047`

Piyush Goyal was inaugurating stalls of the Union government schemes as part of the public outreach at the Madipakkam bus stand in Chennai.

16 Oct 2022

How hike in DA, Productivity-Linked Bonus is keeping Indian economy chugging

Traders' body CAIT is expecting up to Rs 2.5 lakh crore infusion into the market through sales and service Sales of products such as TV, home appliances, FMCG food and non-food, apparel etc from offline and e-commerce channels have recorded almost 8-10 per cent volume growth Festive season sales start from Onam, covers Durga Puja, Dusshera and ends with Diwali.

Nirmala Sitharaman

16 Oct 2022

'ED is completely independent': FM Sitharaman defends agency during US visit

Nirmala Sitharaman on Saturday defended the actions of the Enforcement Directorate She also spoke about G20 challenges due to geopolitical tensions She also met World Bank President David Malpass in Washington

FM Nirmala Sitharaman

15 Oct 2022

Indian economy to grow at 7 percent in 2022-23 despite global headwinds: FM

The Finance Minister emphasised the initiatives the Indian Government has taken to protect growth while pursuing inflation management.

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