economic growth

Finmin report: ‘Recovery to gain more traction in H2’

Economy / By

Currency in circulation also dropped in November “to reflect an uptick in consumer sentiment”. Buoyancy in the external sector continued well into November, with broad-based growth in merchandise exports, despite rising container shipping cost. India’s real gross domestic product (GDP), which grew 8.4% in the September quarter and even exceeded the pre-pandemic output level, will …

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Govt framed new policies, changed existing ones to restore pre-pandemic economic growth: Shah

Economy / By

“The result is that while several other countries are struggling with slowdown, India has achieved pre-coronavirus economic figures,” the Union Home and Cooperation Minister said. The Narendra Modi government framed new policies and amended the existing ones to bring back pre-pandemic levels of economic growth, Union minister Amit Shah said here on Saturday. The projects …

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After farm laws repeal, Ex RBI Governor C Rangarajan says timing of reforms also important

Economy / By

His remarks came days after the NDA Government repealed the three contentious agricultural laws following protests by farmers for over a year. Stressing that reforms are necessary to improve effeminacy and productivity of the system, former Reserve bank Governor C Rangarajan on Friday said the timing of implementing them is also important as they tend …

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Private investment to pick up: CEA Krishnamurthy V Subramanian

Economy / By

Chief economic adviser (CEA) Krishnamurthy V Subramanian The long-elusive private investment is gathering pace and would see a spurt once the pandemic-induced uncertainties subside considerably, chief economic adviser (CEA) Krishnamurthy V Subramanian told FE in an interview. Companies have deleveraged, cut costs and recorded profitability, partly aided by a much-needed corporate tax rate cut just …

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India to log double-digit growth this fiscal: CEA K V Subramanian

Economy / By

Chief Economic Adviser (CEA) K V Subramanian on Tuesday said India is expected to log double-digit growth in the current financial year, aided by rising demand and a robust banking sector. He also said the seminal second generation reforms would help the country grow over 7 per cent during this decade. India’s GDP growth stood …

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Growth push: Lend without fear, I’m with you, PM Modi tells bankers

Economy / By

PM Modi said the bad loan ratio of public sector banks has dropped to the lowest level in five years and they are flush with liquidity. (Photo: ANI) Prime Minister Narendra Modi on Thursday called on bankers to step up lending without fear and satiate the credit appetite of a fast-recuperating economy and help spur …

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GDP likely to grow at 10 pc in FY22, says Bibek Debroy

Economy / By

Debroy said with improvement in capacity utilisation, investments are also going to pick up in another six months. (Representational image) India’s economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Wednesday. …

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Driving growth: FM Nirmala Sitharaman to brainstorm with chief ministers and state finance ministers

Economy / By

The state governments and their policies play a critical role in leading the country to the higher growth and development. “The focus of this interaction will be on state-level issues, state level opportunities, state level challenges,” Somanathan added. Union finance minister Nirmala Sitharaman will deliberate with chief ministers and state finance ministers on Monday on …

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India ready to move into next orbit of growth: SBI chief Dinesh Kumar Khara

Economy / By

“Actually, it (rapid vaccination) has enhanced the confidence level of the common man as well as the economy,” he said. India is ready to move into the next orbit of growth with the hugely successful implementation of the COVID-19 vaccination program, State Bank of India (SBI) Chairman Dinesh Kumar Khara said on Saturday. The kind …

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