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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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What GST bill has in store for Real Estate?

What GST bill has in store for Real Estate?

Thu, Aug 04, 2016

Anup Puri said, “The direct impact of GST on real estate, in terms of tax outflow for developers and consumers, will depend on whether the final GST rate is more or less than the taxes paid currently.”

US doubts India's 7.5% growth

US doubts India's 7.5% growth

Wed, Jul 06, 2016

The report said the government failed to muster political support on the land acquisition bill in Parliament.

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

India's GDP growth will face challenges like weak global demand, corporate influence: Moody's

Tue, Jul 05, 2016

"The growth will be adversely affected by high leverage of some large corporates also weighs on credit demand, while impaired assets in the banking system negatively affect credit supply," Moody's Senior Vice-President Marie Diron said in the report.

Normal monsoon crucial to India's continuing recovery, says StanChart

Normal monsoon crucial to India's continuing recovery, says StanChart

Sun, Jul 03, 2016

According to the global financial services major, domestic factors are likely to shape India's economic growth prospects amid global economic and political uncertainty and hence, performance of monsoon has gained importance in this fiscal year.

Govt may not cut excise duty on petrol, diesel in near-term

Govt may not cut excise duty on petrol, diesel in near-term

Sun, Jul 03, 2016

Government may not cut excise duty on petrol and diesel in the near-term if it accepts the suggestions made in the approach paper submitted by Chief Economic Adviser for maintaining status quo when oil prices can climb by another $15 a barrel.

Are “Brexit” concerns for India overdone?

Are “Brexit” concerns for India overdone?

Thu, Jun 30, 2016

Arvind Subramanian, Chief Economic Advisor (CEA), was quoted in the Times of India as saying, “Brexit may have caused a lot of uncertainty in the global economy but the development has made India a `safe haven' for investors in the past few days.”

'7th Pay Commission will boost India's consumption by Rs 4,511 crore'

'7th Pay Commission will boost India's consumption by Rs 4,511 crore'

Wed, Jun 29, 2016

The Cabinet Committee of Economic Affairs (CCEA), headed by PM Narendra Modi on Wednesday, cleared the recommendations of the 7th Pay Commission to which the overall hike in salary and allowance of central government employees and pensioners comes to 23.5%.

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Brexit impact: India's growth may dip by 60 bps, says Morgan Stanley

Tue, Jun 28, 2016

Morgan Stanley said it expects the monetary policy to be more focused on mitigating liquidity tightness through open market operations.

Rajan's exit will not hamper India's GDP: World Bank

Rajan's exit will not hamper India's GDP: World Bank

Mon, Jun 20, 2016

Agriculture growth and rural consumption is very important for India's growth story, Onno Ruhl, Country Director of World Bank said.

Raghuram Rajan exit: Policies are more important than personalities, says Fitch Ratings

Raghuram Rajan exit: Policies are more important than personalities, says Fitch Ratings

Mon, Jun 20, 2016

The leading credit rating agency said it recognises Rajan's contribution in setting significant policy changes in motion and said the new Governor will inherit a solid basis.

Rupee appreciates by 8 paise against dollar in early trade

Rupee appreciates by 8 paise against dollar in early trade

Fri, Jun 17, 2016

Forex dealers said besides selling of the American currency and positive economic data, a higher opening in the domestic equity market and weakness of the US dollar against some other currencies overseas supported the rupee.

RBI likely to cut policy rate by 25 basis points on August 9: BofA-ML

RBI likely to cut policy rate by 25 basis points on August 9: BofA-ML

Wed, Jun 15, 2016

According to global financial services major Bank of America Merrill Lynch (BofA-ML) investors should not read much into the higher May Consumer Price Index (CPI) inflation print at 5.76% as it was entirely driven by higher agflation (agricultural inflation).

India's GDP to grow at 7.8% in FY17, led by consumption, public expenditure: DBS

India's GDP to grow at 7.8% in FY17, led by consumption, public expenditure: DBS

Sun, Jun 12, 2016

According to global brokerage firm, the burden of lifting growth is likely to be "uneven" largely led by strong consumption followed by public capex, while private sector investments may improve in October-December quarter onwards.

India "obvious candidate" to drive global growth: HSBC

India "obvious candidate" to drive global growth: HSBC

Fri, Jun 10, 2016

India will equal China's 4.9% share of world GDP in 2005 by the middle of next decade, HSBC said.

Need private investment for faster growth: Raghuram Rajan

Need private investment for faster growth: Raghuram Rajan

Wed, Jun 08, 2016

Rajan today said statisticians have done as good a job as they can and economic growth is significantly high as costs have come down.

Yes Bank forecasts India's GDP to cross 8% in FY17

Yes Bank forecasts India's GDP to cross 8% in FY17

Mon, Jun 06, 2016

The bank has said the country's gross domestic product (GDP) is estimated to witness this growth on the back of increase in consumption demand for cement, oil, electricity and stronger corporate earnings for the fourth quarter (Q4) of FY 16.

Govt to come out with updated IIP, WPI indices by year-end

Govt to come out with updated IIP, WPI indices by year-end

Sun, Jun 05, 2016

Government will come out with revised Index of Industrial Production (IIP) and Wholesale Price Index (WPI) indices by the end of this year with a new base year of 2011-12 in order to make them more representative of the changing economic scenario.

India's economy will grow by 8% in FY17: Industry

India's economy will grow by 8% in FY17: Industry

Thu, Jun 02, 2016

The first quarter (Q1) of the current year would show faster growth due to the additional capital expenditure (Capex ) spending by government on infrastructure projects, Confederation of Indian Industry (CII) said in a statement.

Indian economy will jump to $5 trillion in next few years: Arun Jaitley

Indian economy will jump to $5 trillion in next few years: Arun Jaitley

Thu, Jun 02, 2016

Indian economy to more than double to $5 tn in few years: FM

Sensex closes up 0.17% on positive GDP data

Sensex closes up 0.17% on positive GDP data

Wed, Jun 01, 2016

The benchmark Bombay Stock Exchange (BSE) Sensex closed up 0.17% at 26,713.93.

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