Indian Economy News

Economy

No surprise that India’s economy growing faster than China, says IMF APAC Director Krishna Srinivasan

Krishna Srinivasan, the Director of the IMF’s Asia and Pacific Department attributed India’s impressive growth to robust private consumption and public investment

1 min read20 Apr 2024
Economy

Retail inflation and factory output deliver twin thrust to Indian economy

Retail inflation was at a 10-month low in March, and industrial output was at a four-month high in February

4 min read12 Apr 2024
Economy

India’s growth outlook of 8% not official view, says IMF spokesperson

Responding to media inquiries, IMF spokesperson Julie Kozack explained that Subramanian’s statements were not made in his role as India’s representative at the global agency.

2 min read5 Apr 2024
Economy

Indian economy to grow at 7.5% in 2024: World Bank

Services and industry activity are expected to push India’s output growth to reach 7.5% in FY24, as per the World Bank. It added that growth is expected to moderate to 6.6% over the medium term.

1 min read3 Apr 2024
Industry

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more | Top 10 Updates

RBI 90 Years: PM Narendra Modi commended the decade-long efforts of his government and the RBI, noting the profitability of the banking sector and the credit growth. He credited the central bank for its significant contribution to these achievements.

2 min read1 Apr 2024
Economy

‘UPSC is boring, there is poverty of aspiration among the youth,’ feels economist Sanjeev Sanyal

Sanjeev Sanyal feels India’s youth are not dreaming beyond becoming civil servants, adding that they do not see themselves as Elon Musk or Mukesh Ambani, or Flipkart’s Sachin and Binny Bansal amomg

3 min read26 Mar 2024
Economy

Business activity in March grew at its fastest pace in eight months, HSBC survey shows

The HSBC Flash India Composite PMI Output Index climbed to 61.3 in March from a revised reading of 60.6 for February, marking the fastest rate of expansion in the manufacturing and service sectors since July 2023.

3 min read21 Mar 2024
Economy

India’s Q3 GDP growth beats projections; prompts upward revisions for FY25

India’s GDP recorded a robust expansion of 8.4% during the October - December period, showcasing sustained momentum after achieving growth rates exceeding 8% in the two preceding quarters.

4 min read1 Mar 2024
Markets

India likely to become $7 trillion economy by 2030; young workforce, digitalization to help: Deutsche Bank

India has become the world’s most populous country, with a growing young population that presents promising demographic advantages.

4 min read11 Apr 2023
Markets

Worries about the next recession intensifying each day; retail investors must take note

A new Bloomberg Economics model projects a 100% probability of a recession in the US by October 2023. The IMF, on the other hand, lowered its global GDP forecast three times so far this year. The IMF now projects that global real GDP growth will slow to 3.2% in 2022, from 3.6%.

5 min read20 Oct 2022
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