Krishnamurthy V Subramaniam, the Executive Director of the International Monetary Fund (IMF), said on Tuesday that India will continue to be a driver for global growth in the foreseeable future. In an interview with ANI, he noted that India, ever since the COVID-19 pandemic, has witnessed consistent growth at 7 per cent plus. He predicted … Read more
India’s industrial production rose by 5.7 per cent in February 2024, according to the official data released on Friday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 6 per cent in February 2023. India’s Index of Industrial Production grew by 5.7 per cent in February 2024, … Read more
RBI‘s monetary policy committee on Friday decided to keep interest rates on hold for the seventh successive meeting, stating that “growth has surpassed all projections but cautioned that food price uncertainties continue to weigh on the inflation trajectory going forward”. RBI governor Shaktikanta Das said, “Two years ago, when inflation was at its peak at … Read more
On average, real GDP growth after simultaneous polls was comparatively higher than otherwise, the panel led by former President Ram Nath Kovind said. The committee submitted its report to President Droupadi Murmu on Thursday, recommending Constitutional amendments to facilitate concurrent polls. Home minister Amit Shah, former leader of the Opposition in Rajya Sabha Ghulam Nabi … Read more
India’s exports rose to a three-month high of 3.12 per cent to USD 36.92 billion in January despite global uncertainties including the Red Sea crisis, while the trade deficit narrowed to a nine-month low of USD 17.49 billion, the government data released on Thursday showed. After recording negative growth for two months in a row, … Read more
Union finance minister Nirmala Sitharaman on Thursday tabled the white paper on the Indian economy in the Lok Sabha. The discussion on the 54-page document will take place on Friday. In her Interim Budget speech, the finance minister had announced that the Centre will come out with a white paper on the economy outlining the … Read more
While industrial output growth fell to an eight-month low of 2.4% in November, consumer price index (CPI)-based inflation rose 5.69%, its fastest pace in four months in December, the statistics ministry said. Though factory output points to a slowdown in manufacturing growth momentum in November, in the April-November period of this fiscal, it expanded 6.4%, … Read more
Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the … Read more
The wait for India’s new industrial policy just got longer with the government expected to take a fresh look at it following global supply chain shifts, greater urgency on the green agenda, and geo-political developments, two people aware of the matter said. Late last year, the Union commerce ministry had circulated the draft of Industrial … Read more