Indian Economy Growth
Govt policies led to transformation; India to be 4th largest economy globally within 2 years: Ashwini Vaishnaw, Minister for Railways
Sat, May 27, 2023
Enabling policies and grassroot initiatives of Modi-led government have led to social and economic transformation of the country since 2014, and the nation is all set to become the fourth largest economy in world within two years, Union minister Ashwini Vaishnaw said on Saturday.
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India's economic growth appears to be very fragile, says RBI monetary policy committee member Varma
Sun, Feb 26, 2023
While noting that high-interest rates make private capital investment more difficult, Varma said the government is in fiscal consolidation mode, thus reducing the support to the economy from this source
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Indian economy likely to navigate rough global weather in 2023: Assocham
Mon, Jan 02, 2023
While there is an overwhelming consumer response to contact services like travel, hotels and transport, a positive domino effect is visible in transport, housing, power, electronics, discretionary consumer goods and automobiles, he added.
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Indian economy poised for further growth in 2023 despite global headwinds
Mon, Jan 02, 2023
The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come.
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India well positioned to continue to be fastest growing major economy in 2023: Tata Sons Chairman N Chandrasekaran
Mon, Dec 26, 2022
In his New Year message to around 9.35 lakh employees of the Tata Group, he said increasing consumption, consumer confidence and investment will support India's growth story although the global environment has several risk factors, including the energy crisis in Europe, the battle to contain inflation to avoid recession, and ongoing geopolitical conflicts.
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Economy likely to grow at 7-7.4% in FY23, says Finance Secretary TV Somanathan
Thu, Sep 01, 2022
"We remain on course to meet the 7.4 per cent. We expect to achieve. This does not really reflect on what is expected to be annual real GDP growth. So, 7-7.5 per cent in that range. 7.4 per cent is what the IMF has predicted," Finance Secretary TV Somanathan said on Wednesday.
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Indian Economy Growth: GDP Q2 FY21 - Much better than expected and H2 FY21 looks promising
Wed, Dec 02, 2020
India is officially under a technical recession for the first time in the known history of the country. Despite this, the rebound, especially of manufacturing, fixed investment and exports, have been ahead of expectations. Positive net exports on the demand side and resilience of agriculture and V-shaped recovery in manufacturing, on the supply side, led the recovery.
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Indian economy recovering, eased lockdown restrictions play big role: Kotak Institutional Equities
Tue, Dec 01, 2020
Consistent with the normalization in economic activity with the easing of lockdowns, real GVA (Gross Value Added) in Q2 FY21 contracted at a slower pace of 7% while real GDP growth contracted by 7.5%. Recovery in GVA was supported by a slower pace of contraction in industry GVA, led by growth of 0.6% in manufacturing and 4.4% in electricity, even as construction fell 8.6%. Expectedly, agriculture and allied sector’s growth continued to stay robust at 3.4%, supported by robust sowing on the back of favourable monsoons.
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India is 58th most competitive economy in world, says WEF
Wed, Oct 17, 2018
India has been ranked as the 58th most competitive economy on the World Economic Forum's global competitiveness index for 2018, which was topped by the US. India's rank rose by five places from 2017, the largest gain among G20 economies, the WEF said.
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India's economy likely grew 7.6% year-on-year in April-June quarter
Fri, Aug 31, 2018
With higher domestic and global demand, the manufacturing sector growth picked up during June quarter and data suggests the capacity utilisation moved above 75 percent, compared with 71.8 percent in April-June 2017. Industrial production including mining expanded by 5.2 percent in the three months ended June 30 from a year earlier, compared with 4.3 percent in that period of 2017.
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