Thu, Jan 18, 2024
The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.
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Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.
Sun, Jan 14, 2024
The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.
Thu, Mar 10, 2022
Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months.
Tue, Mar 08, 2022
Rating agency Icra has warned of serious downside risks to the economy next fiscal with runaway current account deficit, steep fall in the rupee and a hardening yields on government bonds, as a result of the Russian-Ukraine crisis and the resultant spike in crude and other commodity prices.
Oil price has been surging unabated amid escalating tensions between Russia and Ukraine.
Sat, Mar 05, 2022
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry`s revenue growth in FY23.
The sharp exodus of foreign investors funds from Indian equity market has been compensated by domestic investors.
India`s footwear industry is expected to reach the pre-pandemic levels with a revenue growth of 8-to-10 per cent year-on-year in FY23.
Thu, Mar 03, 2022
Riding on a possible supply disruption of foodgrains - especially wheat -- due to the ongoing war in Ukraine, wheat`s prices have hit a record high in India. Both Russia and Ukraine are major producers of wheat.
Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure.
Prime Minister Narendra Modi, while giving the examples of new demand and opportunities in sectors like semi-conductors and electric vehicles, said manufacturers should move with a sense of removing dependencies on foreign sources.
The creator economy in the country has the potential to emerge as a soft-power impacting economic growth, job creation and even cultural influence.
Wed, Mar 02, 2022
Finance Minister Nirmala Sitharaman said that the Government was reviewing the launch of Initial Public Offering (IPO) the Life Insurance Corporation of India (LIC).
Inflation in Europe hit a record high for the fourth month in a row, raising questions about when the central bank should step in to ease the pain to people's wallets.
India's factory activity growth accelerated in February as the threat from a third COVID-19 wave eased, a private survey showed.
"Many key fintech themes are changing the composition of the economy."
Tue, Mar 01, 2022
The ongoing crisis in Ukraine is set to push the country's import bills beyond the USD 600 billion mark this fiscal.
GST collection crossed Rs 1.30 lakh crore mark for the 5th time!
India retained its position as the world's fastest growing economy despite the country's economic growth slowing down to 5.4 percent in Q3FY22.
Mon, Feb 28, 2022
India's economic growth slowed to 5.4 percent in the third quarter of 2021-22.
India`s federal fiscal deficit between April and January rose to 9.38 trillion rupees.
Thu, Feb 24, 2022
Pointing out that the ongoing recovery is still uneven and not broad-based, a foreign brokerage report said the government should continue the income support measures for the affected sectors.
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