[ad_1] India is currently ranked third, a movement of seven places upwards of what it was in 2014. New Delhi: India is likely to get the 3rd largest economy tag in 2027 (2027-28) if it maintains the current rate of growth, and in the process, will surpass both Japan and Germany, said SBI Research in … Read more
[ad_1] During 2022-23, India recorded a growth of 7.2 per cent. Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, … Read more
[ad_1] NEW DELHI: Diesel sales dropped in June as the arrival of monsoon cut demand in the agri sector and reduced vehicular movement, preliminary industry data showed.Demand for diesel, the most consumed fuel in the country — accounting for about two-fifths of the total demand, fell 3.7 per cent to 7.1 million tonnes in June … Read more
[ad_1] NEW DELHI: Finance minister Nirmala Sitharaman said on Saturday that the Indian economy has moved away from the twin-balance sheet problem of banks and corporates to twin-balance sheet advantage because of the concerted efforts of the Modi government.Profit of public sector banks increased to Rs 1.04 lakh crore in 2022-23, tripling from what it … 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] V Anantha Nageswaran said the risk to the projected 6.5% GDP number is evenly balanced. (File) New Delhi: Enthused by the higher-than-expected GDP number in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India’s economic growth may exceed the initial estimate of 6.5 per cent in the … Read more
[ad_1] India has witnessed a significant transformation in several areas, especially manufacturing since 2014 New Delhi: India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley. In a report, Morgan Stanley said significant scepticism about India, particularly … Read more
[ad_1] “The growth will lead to more investments, more jobs… it will be exponential growth,” he said New Delhi: India is expected to clock the highest growth among the world’s big economies this year and the country’s economy is witnessing the “famous snowball effect” that will lead to more investments and more jobs, according to … Read more
[ad_1] NEW DELHI: India’s strong credit demand and softening crude oil prices could buoy the economy, putting the South Asian country on course for a 6.5% expansion this fiscal year, according to a top adviser to the finance ministry. These indicators together with an uptick in construction activity may shield the economy from slower global … Read more
[ad_1] NEW DELHI: India’s economic activity stayed resilient in March though the weakening pace of exports and an increase in unemployment dimmed the outlook for the country that’s surpassing China as the most populous nation. While the needle on a dial measuring the so-called Animal Spirits was unchanged at 5 for a third straight month, … Read more