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Employment in India up 36% with 17 million jobs between 2016-17 and 2022-23: Centre

Employment in India up 36% with 17 million jobs between 2016-17 and 2022-23: Centre

Sat, Oct 05, 2024

Contrary to the claims of “jobless growth,” the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23. During the same period, the gross domestic product (GDP) grew at an average rate of over 6.5 per cent.

GDP growth robust on back of healthy balance sheets of banks, corporates: RBI

GDP growth robust on back of healthy balance sheets of banks, corporates: RBI

Thu, May 30, 2024

The RBI also emphasised that the Indian economy would have to navigate challenges posed by rapid adoption of AI/ML (artificial intelligence/machine learning) technologies as well as recurrent climate shocks.

Banks' credit growth in FY25 to slow down to 14% on lower GDP uptick, RBI measures: Crisil

Banks' credit growth in FY25 to slow down to 14% on lower GDP uptick, RBI measures: Crisil

Tue, May 28, 2024

The slowdown will be due to lower GDP growth at 6.8 per cent in FY25, as against 7.6 per cent in FY24, RBI measures like higher risk weights on unsecured loans and also a high base, the agency said.

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Positive impact of demonetisation not 'strong' enough, says Fitch

Positive impact of demonetisation not 'strong' enough, says Fitch

Tue, Nov 22, 2016

The aim for withdrawing the notes was to curb black money, which is in line with government's agenda.

Rate, amount of black money regeneration to define ‘new normal’ of GDP growth

Rate, amount of black money regeneration to define ‘new normal’ of GDP growth

Mon, Nov 21, 2016

Demonetisation of higher denominations in India has led to a short term state of paralysis as in the fight against black money, the purchasing power of the people has also been curtailed.

GDP to fall post demonetisation, follow-up reforms key: HSBC

GDP to fall post demonetisation, follow-up reforms key: HSBC

Sun, Nov 20, 2016

HSBC's forex strategists see the rupee weakening versus the USD to 68.0 by end-2016 and 69.5 by end-2017.

Demonetisation effects: Can higher tax collection lead to improved GDP ratio, fiscal situation?

Demonetisation effects: Can higher tax collection lead to improved GDP ratio, fiscal situation?

Tue, Nov 15, 2016

Finance Minister Arun Jaitley believes that tax collection will increase. He said, "In the medium and long term, direct and indirect tax collection will increase. Lot of currency outside the banking system perforce will have to get into the system."

RBI to cut rates in early 2017, aided by tame inflation

RBI to cut rates in early 2017, aided by tame inflation

Tue, Oct 18, 2016

"The significant run-up in CPI inflation between April and July was mainly driven by food prices. But thanks to normal rains, it could reverse quickly, taking inflation to well below (the) RBI`s early-2017 target of 5 percent," wrote Pranjul Bhandari, chief economist for India at HSBC.

GST passage lends more weight to India's 8% growth projection: S&P

GST passage lends more weight to India's 8% growth projection: S&P

Tue, Oct 11, 2016

The rating agency had last month projected India to clock a "steroid-free" growth of 8% in coming years.

India can save Rs 70,000 crore in five years by reducing cash transactions

India can save Rs 70,000 crore in five years by reducing cash transactions

Wed, Oct 05, 2016

Today, less than 5% of India’s Rs 75 lakh crores ($1,114.4 billion) consumption expenditure is made using digital payments.

Indian economy to grow at a slower pace of 7.4% in FY17: Fitch

Indian economy to grow at a slower pace of 7.4% in FY17: Fitch

Mon, Oct 03, 2016

It projected the growth to be at 7.9% in 2017-18. The Indian economy grew 7.6% last year.

India jumps 16 places on Global Competitive Index, up 32 places in two years

India jumps 16 places on Global Competitive Index, up 32 places in two years

Wed, Sep 28, 2016

India climbed 16 places to rank 39th among the 138 countries on the Global Competitive Index of the World Economic Forum (WEF).

In charts: India's journey from 'deficit' to 'surplus'

In charts: India's journey from 'deficit' to 'surplus'

Fri, Sep 16, 2016

The country's exports during the month fell $21.51 billion as against $ 21.58 billion in the same month last year.

India expected to post first current account surplus in nine years

India expected to post first current account surplus in nine years

Wed, Sep 14, 2016

Analysts have revised down their forecasts for the 2016/17 deficit to below 1.0% from earlier projections of between 1.2-1.5%.

India's investment cycle has no signs of recovery for another year

India's investment cycle has no signs of recovery for another year

Fri, Sep 02, 2016

Final consumption expenditure rose 8.7%, up from 5.7% last fiscal.

India Inc believes growth number today is likely to spring up a surprise

India Inc believes growth number today is likely to spring up a surprise

Wed, Aug 31, 2016

Looking at the prediction, India Inc hopes for a slight pick-up in GDP (Gross Domestic Product) this fiscal between the range of 7.5%-7.8%.

Expectations of higher growth push BSE, NSE up in morning trade

Expectations of higher growth push BSE, NSE up in morning trade

Wed, Aug 31, 2016

Later in the evening today, the Central Statistics Office (CSO) is set to release India's growth numbers for the first quarter of this financial year.

Growth, bank lending rates, inflation main concerns for RBI

Growth, bank lending rates, inflation main concerns for RBI

Mon, Aug 29, 2016

While several policy actions led by outbound RBI Governor Raghuram Rajan are showing their results slowly but surely, there are still a number of areas where work is still in progress, the RBI said.

Each of India's two Olympic 2016 medals represents 665 million people

Each of India's two Olympic 2016 medals represents 665 million people

Fri, Aug 26, 2016

Great Britain, at No. 2 spot with 67 medals and a population of 65 million, had a medals per capita of 972,212 placing it at the 19th rank.

India to grow at 7.5% for next two years: Moody's

India to grow at 7.5% for next two years: Moody's

Mon, Aug 22, 2016

Diron believes that India's (Baa3 positive) credit profile is supported by the strong growth potential of its large economy.

Gold import falls nearly 53% to $4.97 billion in April-July

Gold import falls nearly 53% to $4.97 billion in April-July

Mon, Aug 15, 2016

Gold imports more than halved to $4.97 billion in the first four months of the current fiscal, which is expected to keep a lid on the current account deficit (CAD).

Japan's economy stalls in Q2 on weak exports, capital expenditure

Japan's economy stalls in Q2 on weak exports, capital expenditure

Mon, Aug 15, 2016

Japan's economic growth ground to a halt in April-June after a stellar expansion in the previous quarter on weak exports and capital expenditure, putting even more pressure on premier Shinzo Abe to come up with policies that produce more sustainable growth.

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Govt is confident to roll out GST from April 1, 2017 : Hasmukh Adhia

Sun, Aug 07, 2016

The government is confident of rolling out the GST regime from April 1 next year but the deadline may be difficult to meet if resolution of issues like the rate of tax and items to be exempted take longer, Revenue Secretary Hasmukh Adhia said on Sunday.

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