Domestic Demand Recovery Remains Uneven, Reveals Report
However, a favourable monsoon scenario, easing inflation, and the ongoing monetary policy transmission of rate cuts are likely to act as key tailwinds for the economy
However, a favourable monsoon scenario, easing inflation, and the ongoing monetary policy transmission of rate cuts are likely to act as key tailwinds for the economy
A report notes that normal monsoons boosting rural incomes, lower inflation, and a fiscal boost from tax cuts are laying the foundation for this recovery
Global rating agency Moody’s expects India’s economic growth in 2024-25 growth above that of other emerging market G20 peers, given its domestic demand managed to sustain momentum. India’s real GDP growth accelerated to 8.4 per cent year over year in the October-December quarter of 2023, up from upwardly revised prints of 8.1 per cent in […]
India’s GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy. The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters – April-June and July-September, data released by the Ministry of […]
Russia stated on Tuesday that petrol exports will be banned for six months beginning from 1 March to compensate for increased consumer and agricultural demand and to allow for planned refinery maintenance. RBC originally reported the ban, which was confirmed by a spokeswoman for Deputy Prime Minister Alexander Novak. Russia enforced a similar restriction from […]
Talking about the domestic cotton spinning industry, the rating agency Icra in a report has said that the demand for the industry is likely to improve by close to 12-14 per cent in volume terms in FY2024 every year. The report added that yarn exports are likely to increase by a sharp 85 to 90 […]
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 […]
The Bank of Baroda in a report has said that India’s growth story is expected to maintain its resilience led by festival demand. This is expected to pump up growth in this quarter. Inflationary concerns ebbed slightly as major price data showed signs of respite with vegetable prices correcting in September 2023, as well as […]
The Board of Directors at rating agency Crisil Ltd declared an interim dividend of Rs 8 per share for the financial year ending December 2023, it informed exchanges through a stock filing. The decision was taken by its Board at its meeting held on Tuesday, where it also approved the unaudited financial results for the […]
Automotive components makers in India is set to register 10-12 per cent growth in revenue during the financial year 2023-24, said Crisil Ratings on Thursday. It attributed the growth to continued domestic growth — buoyed by robust demand from automobile manufacturers and aftersales demand from services. “This is despite exports continuing to remain sluggish,” Crisil […]