[ad_1] NEW DELHI: The growth of eight key infrastructure sectors slowed down to 4.3 per cent in May 2023 due to a decline in the production of crude oil, natural gas, and electricity.The core sector growth was 19.3 per cent in May 2022 while in April 2023 the key infra sectors recorded a growth rate … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] The forex reserves had fallen largely because of the RBI’s intervention in the market to defend the depreciating rupee against a surging US dollar. [ad_2] Source link
[ad_1] The Indian economy has moved from 10th largest to 5th largest economy in the world, says Finance Minister Nirmala Sitharaman. (File photo/News18) India is a bright spot in the global economy, says Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Monday said India is a “bright spot” in the global economy, and added … Read more
[ad_1] New Delhi: Chief Economic Advisor (CEA) V. Anantha Nageswaran on Friday said the economy is expected to grow in a range of 6.5 percent to 7.5 percent in the current fiscal, buttressed by a strong growth momentum seen in investments and efficiency gains from the rapid pace of digital transformation. He further noted that maintaining … Read more
[ad_1] ISLAMABAD: Pakistan‘s Finance Minister Ishaq Dar is set to unveil on Friday Rs 14.5 trillion annual budget for 2023-24 that includes a staggering 66 per cent hike in the discretionary budget of parliamentarians, a decision that might push the cash-strapped country towards a looming default due to shrinking foreign reserves.Pakistan government on Wednesday approved … Read more
[ad_1] The Reserve Bank of India (RBI) has maintained its GDP growth projection for the fiscal year 2023-24 at 6.5%, with Governor Shaktikanta Das noting that the Indian economy and financial sector remain resilient amidst global challenges. The RBI’s Monetary Policy Committee (MPC) anticipates that growth will fluctuate throughout the year, with an expected surge … Read more
[ad_1] NEW DELHI: The Indian economy is expected to grow in a range of 6.5-6.7 per cent in the financial year 2023-24, said industry body Confederation of Indian Industry president R Dinesh.He said the growth will be supported by strong domestic drivers and robust momentum in capital expenditure.The government expects India’s 2023-24 GDP at 6.5 … Read more
[ad_1] The U.S. dollar rose on Friday after data showed inflation grew in March, though at a slower pace, keeping the Federal Reserve still firmly on track to raise interest rates at next week’s monetary policy meeting. The yen, meanwhile, fell across the board, after the Bank of Japan said it would maintain ultra-low interest … Read more
[ad_1] Last Updated: April 28, 2023, 02:41 IST 22 central banks have their currencies pegged to the US dollar. (Representative image/Reuters) Economists polled by Reuters had forecast GDP rising at a 2.0% rate The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the … Read more