Tag: Growth
17 Results
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India’s economic activity picking pace: Moody’s
In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 per cent
August 31, 2021 -
Despite pandemic, India’s fintech matched 2020 growth in 6 months
At the global level, fintech investment reached $98 billion across 2,456 deals in H1'21 - far outpacing last year's annual total of $121.5 billion across 3,520 deals.
August 11, 2021 -
Growth rebound: India’s July manufacturing output zooms, says PMI
Data report by IHS Markit, cited a marginal increase in employment which ended a 15-month sequence of job shedding
August 2, 2021 -
Apple posts record growth in India in June quarter, says Tim Cook
"The vast majority of markets we tracked grew double digits, with especially strong growth in emerging markets, including India," he added.
July 28, 2021 -
Eight core sectors growth slows to 2.1 per cent in July
The eight core-sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year.
September 2, 2019 -
Growth woes: India’s Q1 FY20 GDP growth slows to 5 per cent
According to the National Statistical Office (NSO), the GDP at 'Constant (2011-12) Prices' in Q1 of FY2019-20 is estimated at Rs 35.85 lakh crore, as against Rs 34.14 lakh crore in Q1 of 2018-19, showing a growth rate of 5 per cent.
August 30, 2019 -
Growth projections fail to boost market
After the World Bank, global rating agency Fitch today projected India’s economic growth for the next year to 7.3 per cent and further to 7.5 per cent in 2019-20. But for the current fiscal that ends on 31 March, it’s growth outlook is 6.5 per cent which is lower than the Central Statistics Office’s 6.6...
March 16, 2018 -
Direct taxes for 11 months, at Rs 7.44 lakh cr, grow 20% YoY
In line with the recent upward trend, India’s direct tax collections for 11 months of the ongoing fiscal at a net of Rs 7.44 lakh crore grew at 19.5 per cent over the corresponding period of 2016-17, according to figures released by the Finance Ministry on Thursday. The net direct tax collections up to February...
March 8, 2018 -
SAIL’s growth up 9% in February, to ramp up production
State-run steel producer Steel Authority of India (SAIL) is looking to ramp up its production after achieving 9 per cent growth in crude steel production to 1.272 million tonnes in February over the corresponding period last year, an official said on Saturday. Reviewing the performance for the month of February 2018, SAIL Chairman P.K. Singh...
March 3, 2018 -
Need to tackle forces hindering India’s growth: Rajnath Singh
Highlighting that India was the world’s fastest growing economy, Union Home Minister Rajnath Singh on Saturday said “forces” trying to act as a hindrance in the country’s growth need to be tackled. Speaking at the foundation day Ceremony of MJP Rohilkhand University in Bareilly, the home minister said that the world looks at India as...
February 17, 2018 -
Itel Mobile registers 217% growth in India
With a 9 per cent market share, China-based Transsion Holdings’ Itel Mobile registered a 217 per cent growth in India in 2016-2017, the company said on Saturday. Itel Mobile entered the Indian market in April 2016. “The reason behind itel Mobile’s continued success in the Indian market is its dynamic expansion strategy that focuses on...
February 17, 2018 -
Major Indian ports record 4.58% growth in cargo volume
Indian ports registered a growth of 4.58 per cent in the cargo handling during the period April 2017 to January 2018. Together the major Indian ports handled 560.97 million tonnes of cargo as against 536.41 million tonnes during the corresponding period of previous year. Kolkata, Paradip, Visakhapatnam, Chennai, Cochin, New Mangalore, JNPT and Deendayal were...
February 8, 2018 -
Generating a new wave of growth
India is primed to witness a bracing change as the government has successively dipped their toes into the digital stream. The programme to turn the country into a digital economy has been met with a great deal of buzz as initiatives such as digital locker, demonetisation and the successive promotion of digital wallet have opened...
January 19, 2018 -
Global economy on strong cyclical recovery: IMF
The global economy is getting stronger from cyclical recovery pointing to faster growth across regions, said a senior IMF official here on Monday. “The cyclical recovery in the global economy is going from strength to strength. The signs point to faster growth across all regions,” International Monetary Fund’s (IMF) First Deputy Managing Director David Lipton said...
January 15, 2018 -
‘India to post average GDP growth of 7.3 pc over 2020-22’
The Indian economy is expected to witness an average GDP growth of 7.3 per cent over 2020-22, says a Morgan Stanley research report. According to the global financial services major, the structural growth story in India remains strong from a medium term perspective. “The uptick in the private capex cycle, which we anticipate will begin...
January 14, 2018 -
India’s growth momentum gathered pace in December
Economic indicators like PMIs, vehicle sales and steel demand suggest that growth momentum in India has gathered pace in December, says a report. However, prices are also on an uptrend with retail inflation likely to have firmed up further to 5.4 per cent in December owing to a lower base of comparison, the report by...
January 11, 2018 -
India Inc’s topline growth to hit 5-yr high of 9% in Q3′
Ahead of the start of earnings season, domestic rating agency Crisil on Wednesday said it expects India Inc’s revenue growth to hit a five-year high of 9 per cent for the October-December 2017 period. However, profits will continue to contract, primarily due to the rising commodity prices, the note by its research wing said. The...
January 10, 2018