INDIAN ECONOMy

NEW DELHI: Indian economy is projected to grow 7.1–7.6 per cent in the current financial year despite shifting geopolitical realities across the world, a report said on Wednesday. In its India's economic outlook - July 2022 report,…

BENGALURU: India's inflation will hold above the top of the central bank's tolerance band for at least the rest of 2022, longer than previously thought, making several more interest rate hikes in coming months all but inevitable, a…

High inflation has impacted consumption of both essentials and non-essentials, which continued to dip in the month of June, with overall household expenses showing the highest dip in the last three months. According to Axis My India’s…

In what may be joining the dots with the earlier measures in response to the re-emergence of the twin deficit, along with high inflation, rising rates, and fast-declining forex reserves, the government of India (GoI) this week announced…

Signalling that on the back of adequate capital buffers and improving asset quality levels, the Indian banking system is well-positioned to support economic growth, the Reserve Bank of India in its Financial Stability Report for June…

There is a need to set up a mechanism for systematic consideration of the environment in all economic decisions in India, according to experts. They expressed their views in a seminar ‘Data for Sustainable Development: India’s…

Credit card additions and expenditures climbed at the fastest pace in May in recent quarters, underscoring the fading impact of Covid-induced disruptions on consumption habits, as an increasing number of urban Indians took lengthy…

The Mundra port has emerged as the costliest port globally for standard containers for the first time this year, as Indian ports benefit from the disruptions caused at Colombo owing to the Sri Lankan crisis. It was the third most costly…

NEW DELHI: India’s economy gathered momentum in May driven by pent up demand for services and higher output from industries as reopening continued from pandemic restrictions. Five of the eight high-frequency indicators compiled by…

India will emerge as a $30-trillion economy in the next 30 years, commerce and industry minister Piyush Goyal said on Sunday, highlighting that the country remains the world’s fastest-growing major economy. Based on a (conservative)…