Indian Economy News
December quarter will make up for poll-induced growth slowdown: Nirmala Sitharaman
The finance minister conceded, however, that the plateauing of consumption demand in developed economies was a matter of concern for India’s exports.
3 min read6 Dec 2024Indian stock market: Experts stay optimistic despite Q2 GDP shock, recommend THESE key sectors and stocks to buy
India’s GDP growth rate for Q2FY25 was 5.4%, the lowest in nearly two years, down from 8.1% last year. Despite this decline, experts remain optimistic due to signs of private consumption recovery. The stock market showed resilience, with healthy gains following initial selling pressure.
6 min read2 Dec 2024Mint Explainer: Why urban India is spending less
Rising costs, wage pressures, and regulatory actions are reshaping urban spending habits. Here’s a closer look.
5 min read24 Nov 2024India Q2 GDP: Economic growth likely moderated; should Indian investors be worried?
India’s Q2FY25 GDP growth is expected at 6.4%, down from 6.8%, amid weak corporate earnings and consumption. Experts remain optimistic about recovery due to a strong festive season and good monsoon, although urban consumption faces challenges and exports slow down.
4 min read22 Nov 2024Q2FY25 Review | 45% of companies miss estimates; small and midcaps face larger EPS cuts: JM Financial
Indian corporate earnings for the September quarter fell short of expectations, causing market volatility and FPI exits. Mixed sector performance was noted, with many companies missing estimates, while a few sectors like PSU banks and steel showed strength.
1 min read18 Nov 2024Can the Indian stock market bounce back in November or is the downward trend here to stay?
Indian stock market is facing significant declines, with the Nifty and Sensex hitting monthly lows amid weak earnings and global uncertainties. October saw record foreign outflows, while the U.S. election added to market volatility.
4 min read5 Nov 2024SBI Mutual Fund average AUM surges to record ₹11 lakh crore in Q2, surpassing competitors ICICI and HDFC
SBI Mutual Fund reported a record AAUM of ₹10.99 lakh crore in Q2 FY25, rising from ₹9.88 lakh crore in Q1. This growth, attributed to increased SIP popularity, positions SBI significantly ahead of competitors like ICICI and HDFC Mutual Funds.
2 min read4 Nov 2024India’s core sector growth rebounds to 2% in September
The index of the eight core industries had contracted by 1.6% year-on-year in August. A year ago, it had expanded by 9.5% year-on-year.
1 min read30 Oct 2024RBI’s growth estimates for India baffles economists: Report
Despite recent indications that economic activity is beginning to slow, the central bank maintains its prediction that India’s economy will grow by 7.2% in the fiscal year ending in March 2025.
3 min read28 Oct 2024IMF keeps India’s FY25 growth forecast unchanged at 7%
The International Monetary Fund said it expects India’s GDP growth to moderate from 8.2% in FY24 to 7% in FY25 and 6.5% in FY26 because pent-up demand accumulated during the pandemic has been exhausted.
2 min read22 Oct 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared