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India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

Thu, Nov 21, 2024

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.

GST collection grows 9% to Rs 1.87 lakh crore in October

GST collection grows 9% to Rs 1.87 lakh crore in October

Sat, Nov 02, 2024

Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions.

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Tue, Oct 22, 2024

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday.

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Narendra Modi government releases 10th installment of PDRD grant to these 17 states: See details here

Narendra Modi government releases 10th installment of PDRD grant to these 17 states: See details here

Thu, Jan 06, 2022

In an important update, the Department of Expenditure, Ministry of Finance, today released a monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to 17 states.

Indian service sector activity moderates in December; expansion seen for five straight months

Indian service sector activity moderates in December; expansion seen for five straight months

Wed, Jan 05, 2022

The activity in the Indian service sector in moderated in December as business activity and sales rose at a softer pace, while price pressures and the possibility of new waves of COVID-19 affected business sentiment, a monthly survey said on Wednesday.

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

Wed, Jan 05, 2022

The International Monetary Fund’s spokesperson has said on Tuesday that the World Economic Outlook would be released on Jan. 25, a week later than anticipated, to take into account the latest COVID-19 developments, amid concerns that another downgrade is on the way.

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Tue, Jan 04, 2022

LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC's AUM on a standalone basis was equal to 18 per cent of India's GDP for FY21.

Budget 2022 Expectations: ‘Expects reduction in GST, streamlining KYC norms, and expand financial inclusion’

Budget 2022 Expectations: ‘Expects reduction in GST, streamlining KYC norms, and expand financial inclusion’

Tue, Jan 04, 2022

The Micro, Small & Medium Enterprises (MSME) sector is upbeat that the forthcoming Budget is expected to provide much-needed impetus to the economy.

India expects exports to hit $400 billion in 2021-22; December exports surge 37% to record $37.29 billion: Piyush Goyal

India expects exports to hit $400 billion in 2021-22; December exports surge 37% to record $37.29 billion: Piyush Goyal

Tue, Jan 04, 2022

India expects to achieve its export target of $400 billion in the current fiscal year that runs through March, Trade Minister Piyush Goyal said on Monday.

Infra, Agri, textile, sugar, EV among other themes Anil Singhvi is bullish in 2022; know three shares analyst picks for bumper returns

Infra, Agri, textile, sugar, EV among other themes Anil Singhvi is bullish in 2022; know three shares analyst picks for bumper returns

Mon, Jan 03, 2022

In an Editor’s Take segment, Zee Business Managing Editor Anil Singhvi on the first functional day of 2022, explains that the money could be made this year too provided investors have to play as per themes and events scheduled in this year.

Fiscal deficit touches 46.2% of annual target till November-end

Fiscal deficit touches 46.2% of annual target till November-end

Fri, Dec 31, 2021

The deficit figures in the current financial year till November appear much better than the previous financial year when it had soared to 135.1 per cent of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.

GST Council Meet: We retained the status quo on textile, says FM Nirmala Sitharaman

GST Council Meet: We retained the status quo on textile, says FM Nirmala Sitharaman

Fri, Dec 31, 2021

FM Nirmala Sitharaman said: "We retained the status quo on textile and decides to defer the hike in GST on textiles from 5 per cent to 12 per cent."

Outlook 2022: Road sector set for 'better' days with more highway stretches, new projects

Outlook 2022: Road sector set for 'better' days with more highway stretches, new projects

Thu, Dec 30, 2021

Weathering the pandemic-induced twists and turns, the sector will see more stretches of national highways, completion as well as awarding of multiple projects and fund raises in 2022, making it a "better" year than the passing one.

RBI sees Omicron threat to growth; says corporate sector displays resilience, bank credit growth shows signs of recovery

RBI sees Omicron threat to growth; says corporate sector displays resilience, bank credit growth shows signs of recovery

Thu, Dec 30, 2021

In a report released on Wednesday, RBI Governor Shaktikanta Das mentioned that even ahead of Omicron, global growth and trade had begun to lose pace, stalled by formidable headwinds from supply disruptions and bottlenecks, logistics dysfunctions, shipping charges and port congestions as well as shortage in key intermediates and personnel.

World economy to top $100 trillion in 2022 for first time: report

World economy to top $100 trillion in 2022 for first time: report

Sun, Dec 26, 2021

British consultancy Cebr predicted China will become the world`s top economy in dollar terms in 2030, two years later than forecast in last year`s World Economic League Table report.

Economists see rate tightening from next review on inflation woes

Economists see rate tightening from next review on inflation woes

Wed, Dec 08, 2021

Economists and analysts have pencilled in liquidity tightening from the February policy by a reverse repo hike and a likely repo rate hike in March/April as they believe inflation pressures to surprise on the upsides and have termed as "unexpected" the more-than-expected dovish policy stance to support growth

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Wed, Dec 08, 2021

Even as the Reserve Bank of India (RBI) kept key policy rates unchanged on Wednesday, analyst see the Central Bank hiking the reverse repo rate from February 2022. The hike is seen at 20-25 bps. The reverse repo rate – rate at which RBI borrows money from commercial banks – stands at 3.35 per cent

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Tue, Nov 30, 2021

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

Tue, Nov 30, 2021

India reported an 8.4 per cent growth in its Gros Domestic Product (GDP) for July-September 2021 quarter which is estimated at Rs 35.73 lakh crore at Constant (2011-12) versus 32.97 lakh crore during the corresponding period in FY21 according to a data released by the NSO on Tuesday

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

Tue, Nov 30, 2021

While Barclays forecasts the GDP expansion at 9.6% YoY in Q3CY21 (July-September or Q2 of fiscal year 2021-22) aided by a strong rebound in service sector, HDFC Bank estimated the July-September GDP growth at 7.8% y-o-y. SBI forecasts GDP growth for Q2 FY22 to be around 8.1%

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Thu, Nov 25, 2021

In a report, Moody's said credit fundamentals are favorable for India's companies on a sustained economic recovery and earnings of rated companies' will rise on strong consumer demand and high commodity prices

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Wed, Nov 24, 2021

Real GDP will grow 9.4 per cent in FY22 and decelerate to 7.5 per cent for FY23 as the base effects result in the higher growth in the ongoing fiscal wear-off, according to the report by economists at HDFC Bank released on Wednesday

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Tue, Nov 02, 2021

Indian economy is expected to grow by 10 per cent or more in the current fiscal, and 8 per cent plus in the next fiscal year, Niti Aayog Vice-Chairman Rajiv Kumar said on Tuesday.

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