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Environment may be a new federal faultline

The burden of protecting India’s environmental resources is bound to be unequal across states and regions

If farmers are to be protected against erratic rains, and slum dwellers in India’s poorly designed cities against torrid heat waves, efforts to conserve forests and other natural resources must be redoubled(HT File)

opinion

Published on May 29, 2023 08:39 PM IST

ByPramit Bhattacharya

A pioneer of modern economics passes away

Robert Lucas was a restless, fiercely intellectual scholar who brought rigour and profound insights into any problem he studied

Professor Robert E Lucas (L) from the University of Chicago receives the Nobel economics prize from Swedens King Carl XVI Gustaf during the Nobel Prize ceremony in Stockholm Concert hall December 10 (Reuters)

opinion

Updated on May 16, 2023 08:10 PM IST

ByMaitreesh Ghatak

India must advance through an equitable workforce

This article is authored by Pravin Agarwala, co-founder & group CEO, BetterPlace.

Working woman(Photo by rawpixel on Unsplash)

gender equality

Published on May 09, 2023 11:04 AM IST

ByHindustan Times

India’s logistic policy and its implications

This article is authored by Shaurya Doval, member, Board of Governance, India Foundation.

economy

Published on May 01, 2023 12:15 PM IST

ByHindustan Times

Income of 'less-skilled' Indians in US improving? Study observes 500% jump

The study found that low-skilled Indians who migrated to the United States tend to see a significant gain in their income of around 500%.

The study found that there are 184 million migrants around the world with around 37 million refugees. (HT)

india news

Updated on Apr 26, 2023 10:31 AM IST

BySnehashish Roy

UK PM Rishi Sunak joins live with business leaders in a bid to promote economy

Over 200 of the UK’s highest-profile CEOs and business leaders gathered in London for the first Business Connect event to hear directly from Sunak.

Britain's Prime Minister Rishi Sunak gestures during a speech as he hosts a Business Connect event in North London.(REUTERS)

world news

Published on Apr 24, 2023 07:59 PM IST

PTI |

Hutong Cat | Population: A new front emerges in tense India-China ties

China is expected to be overtaken by India as the world's most populous country in 2023. What does this imply?

The report expects India’s population to touch 1.429 billion latest by July 1, around 2.96 million more than the population of China. (Shutterstock)

world news

Published on Apr 24, 2023 07:33 PM IST

BySutirtho Patranobis

Housing optimism is back in Canada, boosting consumer confidence

The national benchmark price for a home climbed 0.2% to C$709,000 ($524,000) in March, the first monthly increase a year.

The index’s lowest point in the past year was 42 in October. (Representative image/ istock)

real estate

Published on Apr 24, 2023 07:06 PM IST

Bloomberg |

Find ways to address lopsided development

While it is less talked about, regional inequality is as widespread as interpersonal inequality in India

What is often missed in these discussions is the worrying state of the human resource pool that will not improve unless affordability and quality of education are improved on a war footing. (HT PHOTO)

editorials

Updated on Apr 24, 2023 06:47 PM IST

ByHT Editorial

World's glaciers melted at dramatic speed in 2022, saving them a lost cause: UN

Sea levels are at a record high, having risen by an average of 4.62 millimetres per year between 2013 and 2022 -- double the rate it was between 1993 and 2002.

World Meteorological Organization (WMO) secretary-general Petteri Taalas speaks during a press conference launching its annual climate overview, in Geneva, on Friday. (AFP)

world news

Published on Apr 21, 2023 05:24 PM IST

AFP | | Posted by Yagya Sharma

Kashmir Valley’s yellow flowers blossoming into avenue of opportunities

The mustard flowers have become a bit of a tourist attraction for Kashmir Valley, commanding stopovers on national highways and other roads

Tourism department is planning to have stopovers for tourists at mustard fields around the national highway in Kashmir. (HT File)

chandigarh news

Updated on Apr 17, 2023 12:25 AM IST

ByMir Ehsan, Pulwama

Gold price slumps ₹390, silver marginally declines: Check latest prices

Gold and silver prices: The price of 24 carat gold also witnessed a decline on Tuesday. One gram of 24-carat gold is priced at ₹6,043.

The price of 24 carat gold also declined on Tuesday.(Representative image/istcok)

business

Published on Apr 11, 2023 06:32 AM IST

ByHT News Desk | Written by Shobhit Gupta

RBI repo rate pause brings relief to home buyers, real estate sector

The repo rate is the rate of interest at which the Reserve Bank of India (RBI) lends money to commercial banks.

mumbai news

Updated on Apr 11, 2023 08:23 PM IST

BySatish Nandgaonkar

BJP-led govt in MP forms four caste specific welfare boards

A statistics department estimates that there are 3.5 million Rajaks, 1.8 million Teldhanis, 4.2 million Vishwakarmas and 0.58 million Swarnakala artists residing in the state

bhopal news

Updated on Apr 06, 2023 06:56 PM IST

ByShruti Tomar

China's new home sales sees sharp rise in March: Survey

The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February.

Tier-one cities — including the nation's capital Beijing and the commercial hub of Shanghai — rose the fastest. (AP) (Representational Image)

real estate

Published on Apr 03, 2023 03:36 PM IST

Reuters | | Posted by Lingamgunta Nirmitha Rao

Russian Sherpa calls for global economic growth

Lukash, who is participating in the second meeting of G20 sherpas hosted by India in the backwaters of Kerala, said any shift from the grouping’s responsibilities as the premier forum for global economic cooperation will mean that it will “not be able to reach consensus” and issue joint communique.

G20 should focus on global economic growth instead of taking up geopolitics and security, Russia Sherpa Svetlana Lukash said (Amitabh Kant Twitter)

delhi news

Updated on Apr 01, 2023 12:01 AM IST

ByRezaul H Laskar, Kumarakom

IndiGo to have 350 aircraft in its fleet next fiscal year

At the same time, the airline is looking to end the current fiscal with around 306 planes in the fleet with the passenger volume estimated at over 85 million.

IndiGo on Sunday said it constantly evaluates and discusses opportunities with aircraft manufacturers.(MINT_PRINT)

india news

Published on Mar 23, 2023 11:51 PM IST

PTI |

Balance energy needs with climate action

Focus on channelling greater finance at lower costs, building resilience, securing clean sources of energy, and bringing this transition closer to people. As G20 president, India is uniquely placed to do this

The largest polluters and economies have a responsibility — not just because of the actions of the past but also for what we build in the future. (Shutterstock)

opinion

Published on Mar 22, 2023 01:12 PM IST

ByArunabha Ghosh

7% GDP forecast for current fiscal 'very realistic': Chief Economic Advisor

"We need to be prepared for tighter financial conditions globally, weather-related uncertainties and geopolitical factors. 2023-24 may not see a big ticker shock as we saw in early months of 2022-23 as the war broke out in 2022 but nonetheless some of the underlying factors are still simmering and we need to be watchful," Nageswaran said.

In the current fiscal, the Indian economy grew 19.5 per cent and 23.9 per cent in June and September quarters, respectively.(File)

business

Published on Feb 28, 2023 10:35 PM IST

PTI | | Posted by Yagya Sharma

India's growth slowed to 4.4% in Oct-Dec, says govt data

India's October-December gross domestic product (GDP) was below Reuters forecast of 4.6%.

India's economic growth slowed in October-December to 4.4% from 6.3% in July-September(AP)

business

Published on Feb 28, 2023 05:49 PM IST

Reuters | | Posted by Yagya Sharma

Eight key infra sectors output grows at 4-month high of 7.8% in Jan: Govt data

The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 7.9 per cent in April-January this fiscal as against 11.6 per cent during the same period last fiscal.

The output of core sectors had increased by 4 per cent in January 2022 and by 7 per cent in December 2022. (Shutterstock)

business

Published on Feb 28, 2023 05:41 PM IST

PTI | | Posted by Yagya Sharma

Sri Lanka Central Bank sees inflation to cool from 70% to 4% by end 2023: Report

Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.

Nandalal Weerasinghe was appointed Governor of the Central Bank of Sri Lanka this year amid the country's worst economic crisis in decades.(REUTERS)

business

Published on Nov 28, 2022 01:23 PM IST

ByHT News Desk | Written by Singh Rahul Sunilkumar | Edited by Aryan Prakash

Economists say India's GDP expansion at about 6% is a sweet spot: Report

“The key issue is that India’s widening growth differentials relative to rest of the world is double edged, as it brings risks of a larger external deficit with it,” said Barclays’s Rahul Bajoria.

Economists say a slower growth in India would also be consistent with a much deeper global slowdown.

business

Published on Nov 28, 2022 01:21 PM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

‘Things likely to get worse’: IMF warns of higher recession risk

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that “things are more likely to get worse before it gets better," saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy.

IMF managing director Kristalina Georgieva.(AFP)

world news

Published on Oct 06, 2022 08:14 PM IST

AP |

India economic growth to be sustained by consumer spending rebound: Govt

The Centre said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade.

business

Published on Sep 17, 2022 01:23 PM IST

Reuters | | Posted by Aryan Prakash

Courts must take a holistic view of the economy

The article has been authored by Ashish Bharadwaj, professor and dean at OP Jindal Global University, Sonipat

Now is a time for India and the Indian courts to engage with the question of whether wrongdoings preclude a law and economic analysis of matters that have a far-reaching impact on critical industrial sectors and the Indian economy. (HT File)

economy

Published on Aug 03, 2022 04:38 PM IST

ByOP Jindal Global University

Growth vs inflation: A case for recalibration of policy

Retail inflation as measured by the Consumer Price Index (CPI) grew 7.01% in the month of June, making it the sixth consecutive month of inflation staying above the 6% upper limit of the Reserve Bank of India’s tolerance band.

india news

Updated on Jul 14, 2022 09:31 AM IST

ByRoshan Kishore, New Delhi

World Bank cuts India's economic growth forecast to 7.5 pc for FY23

The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.

Prior to the World Bank's action, global rating agencies too had slashed India's economic growth forecast.(File photo)

business

Published on Jun 07, 2022 07:34 PM IST

PTI |

After IMF, World Bank, UBS trims India growth forecast to 7 per cent

The International Monetary Fund had revised its India growth to 8.2 per cent, down by 0.8 base points from the previous year. The World Bank had also cut its economic growth forecast for India from 8.7 per cent to 8 per cent.

The UBS has projected India's growth at 7 per cent for the current financial year.(Reuters)

business

Published on Apr 22, 2022 04:29 PM IST

ByHT News Desk | Written by Aryan Prakash

Manufacturing, construction will drive growth, says FinMin

Referring to various initiatives in the Union Budget 2022-23, the state-backed review said the Centre’s Production Linked Incentive (PLI) schemes and public spending in capital infrastructure will be “growth drivers”.

The review, citing data from the International Monetary Fund (IMF), said that India is “yet the only large and major nation listed by the IMF whose growth projection has been revised upwards in 2022-23”, even though the fund had lowered global growth forecast in January 2022.(Livemint)

india news

Published on Feb 17, 2022 04:28 AM IST

ByZia Haq, Hindustan Times, New Delhi

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economic growth news

Latest from economic growth

The burden of protecting India’s environmental resources is bound to be unequal across states and regions

Robert Lucas was a restless, fiercely intellectual scholar who brought rigour and profound insights into any problem he studied

This article is authored by Pravin Agarwala, co-founder & group CEO, BetterPlace.

This article is authored by Shaurya Doval, member, Board of Governance, India Foundation.

The study found that low-skilled Indians who migrated to the United States tend to see a significant gain in their income of around 500%.

Over 200 of the UK’s highest-profile CEOs and business leaders gathered in London for the first Business Connect event to hear directly from Sunak.

China is expected to be overtaken by India as the world's most populous country in 2023. What does this imply?

The national benchmark price for a home climbed 0.2% to C$709,000 ($524,000) in March, the first monthly increase a year.

While it is less talked about, regional inequality is as widespread as interpersonal inequality in India

Sea levels are at a record high, having risen by an average of 4.62 millimetres per year between 2013 and 2022 -- double the rate it was between 1993 and 2002.

The mustard flowers have become a bit of a tourist attraction for Kashmir Valley, commanding stopovers on national highways and other roads

Gold and silver prices: The price of 24 carat gold also witnessed a decline on Tuesday. One gram of 24-carat gold is priced at ₹6,043.

The repo rate is the rate of interest at which the Reserve Bank of India (RBI) lends money to commercial banks.

A statistics department estimates that there are 3.5 million Rajaks, 1.8 million Teldhanis, 4.2 million Vishwakarmas and 0.58 million Swarnakala artists residing in the state

The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February.

At the same time, the airline is looking to end the current fiscal with around 306 planes in the fleet with the passenger volume estimated at over 85 million.

Focus on channelling greater finance at lower costs, building resilience, securing clean sources of energy, and bringing this transition closer to people. As G20 president, India is uniquely placed to do this

India's October-December gross domestic product (GDP) was below Reuters forecast of 4.6%.

The growth rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stood at 7.9 per cent in April-January this fiscal as against 11.6 per cent during the same period last fiscal.

Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.

“The key issue is that India’s widening growth differentials relative to rest of the world is double edged, as it brings risks of a larger external deficit with it,” said Barclays’s Rahul Bajoria.

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that “things are more likely to get worse before it gets better," saying the Russian invasion of Ukraine that began in February has dramatically changed the IMF's outlook on the economy.

The Centre said an increase in private consumption and higher capacity utilisation rates had helped private-sector capital expenditure reach one of its highest levels in the last decade.

The article has been authored by Ashish Bharadwaj, professor and dean at OP Jindal Global University, Sonipat

Retail inflation as measured by the Consumer Price Index (CPI) grew 7.01% in the month of June, making it the sixth consecutive month of inflation staying above the 6% upper limit of the Reserve Bank of India’s tolerance band.

The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal.

The International Monetary Fund had revised its India growth to 8.2 per cent, down by 0.8 base points from the previous year. The World Bank had also cut its economic growth forecast for India from 8.7 per cent to 8 per cent.

Referring to various initiatives in the Union Budget 2022-23, the state-backed review said the Centre’s Production Linked Incentive (PLI) schemes and public spending in capital infrastructure will be “growth drivers”.

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