The Indian economy is expected to retain its growth momentum in 2024 while the moderated growth and slow revival of the rural economy in private consumption highlighted the need for bringing down inflation to its target of 4 per cent to make the growth an inclusive one, the Reserve Bank of India (RBI) said in […]
Apart from constant issues such as delayed payments and debt on the domestic front, complex challenges in banking and trade regulations are hampering Indian micro, small and medium enterprises (MSMEs) participation in exports, according to a report by India SME Forum. The report which talks about navigating global markets and the potential Of USD 300 […]
As the much-anticipated consecration ceremony of the Ram Mandir in Ayodhya approaches on January 22, bullion experts predict a significant surge in gold prices fueled by heightened demand in the market. The temple’s grandeur is expected to elevate the positive sentiments around gold, especially in North India, with its predominantly Hindu population. The ceremonial doors […]
The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on Friday. However, these are early projections for 2023-24. Improved data coverage, actual tax collections, expenditures incurred on subsidies, and data revisions made by source agencies would have a […]
India is projected to grow at the rate of 6.2 per cent in 2024, backed by a robust domestic demand and strong growth in the services and manufacturing sectors, the United Nations (UN) has said. The UN released the World Economic Situation and Prospects (WESP) 2024 report on Thursday. The report states that South Asia’s […]
India’s monetary policy committee (MPC) will remain vigilant of inflation risks, with the overall outlook remaining clouded by volatile and uncertain food prices, members of the committee said in the December policy meeting minutes, released on Friday. “On the growth front, the economy is running at full steam,” wrote Rajiv Ranjan, executive director at the […]
The government on Monday gave the rice sector instructions to quickly lower grain prices due to plentiful supply. The food ministry announced reports of a sudden increase in margins received by wholesalers and retailers. This increase needs to be moderated. The announcement came after a meeting with members of the grain processing sector to discuss […]
Unified Payments Interface (UPI) transactions have grown from 92 crores in the financial year 2017-18 to 8,375 crore in 2022-23 at a compound annual growth rate (CAGR) of 147 per cent in terms of volume, Union Minister of State for Finance Bhagwat Karad in a written reply in Lok Sabha on Monday. Similarly, the value […]
Overall logistics costs in India are in the range of 7.8-8.9 per cent of the country’s total GDP, a report released by the economic policy research think tank National Council of Applied Economic Research (NCAER) stated on Thursday. The central government has been working to reduce the overall logistics costs and enhance the competitiveness of […]
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
