Tag: GDP

Sensex settles 119 points higher on back of strong global cues, robust GDP figures

The domestic equity market reacted positively and made gains on the back of strong global market cues on Friday. With the robust gross domestic product (GDP) numbers and the approval of the bipartisan debt ceiling legislation by the US Senate, it brought back the confidence of investors on Friday.

June 2, 2023

India’s GDP grows by 6.1 pc in January-March quarter, 7.2 pc in 2022-23

The GDP growth of the country was 4.4 per cent in the October-December 2022.

May 31, 2023

Sensex jumps 442 points in morning trade, tracking strong global cues

 Indices of the domestic equities market extended their gains in the morning trade, tracking strong global cues on Monday. There is a possibility that there would be a rate hike by US Federal Reserve the next month. With the GDP for the fourth quarter anticipated this week, it is expected that GDP for FY23 will surpass 7 per cent.

May 29, 2023

Construction can be the sector of last resort

The role of the labour intermediaries and the denial of minimum benefits to the workers even when the parent organisations are willing to adhere to the norms, are some of the common and prevalent practices followed within the construction sector.

May 19, 2023

We need to focus on happiness index: Joshi

Delivering the 4th Dr. Rajaram Jaipuria Memorial Lecture here, Dr Joshi said, "Future of the world lies in finding happiness."

April 27, 2023

Vietnam’s woes

Vietnam’s GDP growth of 3.3 per cent in the first three months of 2023 has taken economists by surprise. The figure is far below forecasts and marks a reversal for what was till recently Asia’s fastest-growing economy. While a drop in exports weighed on growth, a simultaneous dip in imports, which are used mainly to make products for export, indicates producers are not optimistic about a nearterm recovery.

April 17, 2023

German economy to grow 0.3% in 2023: Leading institutes

Germany's economy is recovering faster than previously expected, with GDP set to grow by 0.3 per cent in 2023, according to a joint forecast published by the country's leading economic institutes.

April 6, 2023

Moment of Reckoning

In post-Covid times, the Fed embarked on a most aggressive and irresponsible monetary policy of hiking interest rates, leading to predictable financial instability all over. All other countries including India have been blindly following its prescriptions even when interest rate hikes were clearly failing to arrest inflation

March 29, 2023

Shriram Finance offers recession proof products for 2023

Small and Medium-Sized enterprises account for 29 per cent of the nation's GDP, 49 per cent of exports, and more than 63 million businesses nationwide says Umesh Revankar, Executive Vice Chairman, Shriram Finance.

March 15, 2023

Empower small farmers, boost GDP: Narendra Singh Tomar

The Union agriculture minister was speaking at the launch of Kisan Tak TV channel and website of the India Today Group.

March 14, 2023

Daring to Dream 

Indian industry saw progressive liberalisation and removal of bottlenecks after 2014, beginning with increasing the cap in the defence sector, first from 26 per cent to 49 per cent under the approval route, and then to 74 per cent under the automatic route and 100 per cent under the approval route. All brownfield projects now allow 75 per cent FDI under the automatic route and 100 per cent by the approval route  

March 14, 2023

Ill-winds

The adverse factors affecting the US and European economies put our own economy at risk. To enumerate: the Indian economy faces the danger of capital outflow because of higher US interest rates. Then, we are importing inflation through higher cost of imported goods and because household incomes in the West are falling, our own exports are unlikely to rise in the short run, ruling out a quick solution to the CAD problem

December 27, 2022

India’s current account deficit widens to 2.8 per cent of GDP

 India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in the April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data released by the Reserve Bank of India (RBI) on Thursday.

September 30, 2022

Awaiting Redemption

 Muslim leaders feel that this rhetoric is peddling anti-Muslim sentiments in a climate when Muslims are already feeling alienated and marginalized.

September 10, 2022

India’s GDP records double digit growth of 13.5% in Q1 2022-23

This is the first double digit growth in GDP figures in a year, as the last double digit growth was 20.1 per cent recorded in first quarter of 2021-22.

August 31, 2022

Double digit growth must to be developed nation by 2047: Amitabh Kant

India needs to grow at about 9-10 percent GDP rate for the next two and a half decades translating into higher per capita income for its people, said Mr Amitabh Kant, Sherpa, G20 and former CEO of NITI Aayog. 

August 26, 2022

China & RCEP

In light of the current geopolitical scenario wherein the China-USA rivalry is playing out in the Asia-Pacific, the RCEP holds great significance for Beijing and for foreign investors.

August 23, 2022