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National Statistics Day: We live in a world of data analytics; here's what you should know in India
Sat, Jun 30, 2018
Statistics – facts generated from data or pieces of data- are hence quite vital in every field of human society.
India to be lone economy facing suppressed wages by 2030: Study
Thu, Jun 21, 2018
India would be the only economy that will not face an upward revision of wages by 2030, as it has a talent surplus, bucking the global trend of a talent crunch, a report noted. "Unlike any other country in the study India will have a highly skilled talent surplus by 2030," the report said.
Global fund managers applaud this move by India; here is why
Fri, Jun 15, 2018
To nudge lenders to get their debt rated, the RBI set a lower margin requirement for rated state notes used as collateral for borrowing. Indian states have been large borrowers to fund farm loan waivers and pay for their staff, and the interest burden is set to push them to pile on more debt to plug budget deficits, according to HSBC Bank Plc.
World Bank forecasts 7.3 per cent growth for India; making it fastest growing economy
Wed, Jun 06, 2018
Growth in India is projected to advance 7.3 per cent in Fiscal Year (FY) 2018/19 (April 1, 2018-March 31, 2019) and 7.5 per cent in FY 2019/20, reflecting robust private consumption and strengthening investment, the bank said in its June 2018 edition of the Global Economic Prospect report.
India GDP growth rate hits 7.7% mark; What is good and what is not for Indian economy, find out
Thu, May 31, 2018
The economy, for 2017/18 full fiscal year ended March, grew by 6.7 percent. What did all that translate into in terms of per capita income? Well, in real terms (at 2011-12 prices) during 2017-18, per capita income is estimated to have attained a level of Rs 86,668 as compared to Rs 82,229 for the year 2016-17. This growth rate in per capita income is estimated at 5.4 percent during 2017-18, as against 5.7 percent in the previous year.
India's Q4 GDP growth seen at 7.1%: Ficci survey
Tue, May 29, 2018
The Central Statistics Office (CSO) is scheduled to release GDP numbers for the fourth quarter as well as the 2017-18 fiscal on May 31.
Brent crude nears $80: From Airlines, auto to IT, how India will be affected
Tue, May 22, 2018
On Tuesday, Brent crude, the global benchmark, rose 54 cents to $79.76 a barrel by 1221 GMT. Last week, it topped $80 for the first time since November 2014.
Brent crude near $79 per barrel: Here’s how higher global oil prices will impact India
Mon, May 21, 2018
Such consistent rise crude oil is not a good sign for India, as nearly 86% of it’s import depends upon crude.
Proud moment! IMF says India fastest growing economy at 7.4% in 2018
Wed, May 09, 2018
After India, Bangladesh is projected to be the fastest-growing economy in South Asia with growth rates of seven per cent for 2018 and 2019; Sri Lanka is projected to grow at four per cent in 2018 and 4.5 in 2019, and Nepal five per cent in 2018 and four per cent in next. (Pakistan, which is grouped with the Middle East, is not covered in the Asia report.)
Major reforms undertaken; India deserves rating upgrade: Garg
Sun, Apr 29, 2018
In an interview to PTI, Economic Affairs Secretary Subhash Chandra Garg said Fitch's action did not come as a surprise as the rating agency had in discussion earlier indicated its focus on level of government debt even though it had a very favourable view on India's economy.
India likely to clock 7.5% growth in FY19: Deutsche Bank
Sun, Apr 29, 2018
The Reserve Bank expects India's economic growth rate to strengthen to 7.4 per cent in the current fiscal, from 6.6 per cent in 2017-18, on account of revival in investment activity.
Indian Economy is moving in right direction: Rakesh Bharti Mittal
Thu, Apr 26, 2018
Look towards India's economic growth projection, which was 6.6 percent in March 2018. IMF's projection says that India will see a growth of 7.4 percent in the running fiscal 2018-19. CII's projection is that India's economy will see a growth of 7.3-7.7 percent for FY 2018-19. IMF's projects that India will grow at +8 percent in 2020. These projections in itself say that India's economic growth is moving in the right direction", said Rakesh Bharti Mittal, President, CII.
India to become $5 trillion economy by 2025, says Garg; these reforms will support
Sun, Apr 22, 2018
Garg says, “In the last few years, India has undertaken massive structural reforms towards formalization of the economy and fostering digital financial inclusion.”
India's economic growth rate highest among BRICS nations: Report
Thu, Apr 19, 2018
The report -- launched by Law and Justice and Electronics and IT Minister Ravi Shankar Prasad at the 12th edition of Mindmine Summit 2018 -- provided insights into the rapidly changing business outlook for India and analysed the progress achieved under several national priority programmes.
India claims top spot for 2018 growth, but here is a reason that may hurt it
Thu, Apr 19, 2018
Economic growth in India: Twenty of 29 economists who answered an extra question said India`s economy will be hurt by the ongoing trade dispute. "India runs the risk of being caught in the middle of the trade spat between the U.S. and China," said Hugo Erken, senior economist at Rabobank. Erken said growth will take a hit if India takes sides as the side not chosen may retaliate by imposing duties.
This is how Narendra Modi govt plans to make India into a $5 tn economy; Master Plan ready
Wed, Apr 18, 2018
Advocating involvement of the districts more actively in the growth of the Indian economy, Suresh Prabhu emphasised the need to accelerate growth in the districts to ensure growth at the national level, said the Ministry of Commerce & Industry statement. He added that a District Plan will be created to ensure this goal is met.
Goodbye FY18! Here is where the Indian economy stands
Thu, Mar 29, 2018
CARE says, "The Indian economy has displayed varying signs this year and the general direction is towards a possible recovery in 2018-19."
Economic growth needs to reflect on HDI: NITI Aayog CEO Kant
Mon, Mar 26, 2018
Amitabh Kant asked the industry associations to look into ways to contribute to the development of districts. Transformation of 115 backward districts to middle status will add in demand generation, he said, adding education, health, and nutrition need to remain in focus, especially at district level.
Digital payment: Know here all about popular platforms
Sun, Mar 25, 2018
Digital payment platforms: E-wallets came to the rescue of people when demonetisation struck and ATMs ran dry, and people have since adopted it as a part of their everyday lives. These e-wallets can be used to pay utility bills, pay at local stores, send and receive money anywhere and much more. Remember that KYC is mandatory for using e-wallets now as per RBI’s directive.
Why Raghuram Rajan did not join Twitter revealed; find out
Fri, Mar 23, 2018
Renowned economist Raghuram Rajan today said he has not joined microblogging site Twitter as he was not quick to respond to tweets in a few words in 30 seconds. "I don't have time. My sense is that in many of these things, once you start engaging, you have to be consistent..