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India's GDP growth in FY23 may exceed 7%: RBI governor Shaktikanta Das

In the Economic Survey document for 2022-23 released earlier this year, the forecast was that India may grow at 7 per cent.

The Economic Survey has projected a baseline GDP growth of 6.5 per cent in real terms for the next financial year 2023-24. (Representational Image) (Shutterstock)
Published on May 24, 2023 04:24 PM IST

Terms of Trade | A report suggests India needs a new political economy framework

The report predicts an $8-trillion Indian economy by 2032, but clearly states that this “will be hard work” to be achieved. What does this mean?

One of the best private sector commentaries on the Indian economy comes from the team at HSBC research headed by Pranjul Bhandari. (Shutterstock)
Published on May 12, 2023 07:43 PM IST

Amitabh Kant’s book launched by S Jaishankar

India’s G20 Sherpa, Amitabh Kant’s book Made in India: 75 Years of Business and Enterprise was launched by External Affairs Minister, S Jaishankar in the Capital on May 10.

From Left: Naina Lal Kidwai, Sanjiv Bajaj, Amitabh Kant, S Jaishankar, Mallika Srinivasan, TV Narendran, Shereen Bhan (Photo: Raajessh Kashyap/HT)
Updated on May 12, 2023 06:55 PM IST
ByNamya Sinha

Number Theory: Karnataka’s skewed economic geography

Even though Karnataka is among the richest states in India, its wealth is not equally distributed geographically. These charts aim to describe this inequality

HT Image
Updated on May 09, 2023 01:39 PM IST

India's per capita health spend highest in nearly 15 years: Health ministry data

India's real per capita health spending in 2019-20 was the highest since 2004-05, reaching ₹3,516.

India’s total health bill was <span class='webrupee'>₹</span>655800 crore in 2019-20, according to NHA estimates. This is 9.96% more than in 2018-19. (PTI)
Updated on Apr 26, 2023 05:14 AM IST

China’s new GDP figures may restore faith in its economy

After recent encouraging figures, doubts about this year’s recovery should, happily, go into recession.

More detailed, monthly figures clarified the shape of the recovery. (Reuters)
Published on Apr 19, 2023 10:33 PM IST
The Economist

Paint companies to log 10-12% growth in revenue this fiscal: Report

The report also said their near debt-free balance sheets will support credit risk profiles despite all major paint companies being on an aggressive capex spree.

The domestic paints sector also comprises the decorative segment, which commands 80 per cent of the market.(HT file)
Published on Apr 19, 2023 05:24 PM IST
PTI | | Posted by Yagya Sharma

Promote crop diversification, use of digital tools in agriculture: Minister urges G20 nations

India would be the largest producer of millets in the world in near future, says minister of state for civil aviation VK Singh while inaugurating the G20 meeting of agricultural chief scientists (MACS)in Varanasi

Union minister of state for civil aviation General (retd) VK Singh and others during three-day G20 Meeting of Agricultural Chief Scientists, in Varanasi on Monday. (ANI Photo)
Updated on Apr 17, 2023 11:01 PM IST

Maruti plant to prove a game-change for Rohtak industry: Dushyant Chautala

Speaking at ‘Rohtak metal finishers and all Rohtak industrial association’ felicitation ceremony after chairing a grievance meeting here, Chautala said special attention is being laid by the government to promote industries.

Haryana deputy chief minister Dushyant Chautala said the agriculture sector contributes 32% to the state’s Gross Domestic Product (GDP) and the manufacturing sector’s contribution rose to 36%. (HT File)
Updated on Apr 15, 2023 11:42 PM IST
By, Rohtak

India eyes $900 bn target for exports after a record year

The number is not final and the process to fix a “realistic” target is on, with a focus on new export segments

India eyes $900 bn target for exports after a record year
Updated on Apr 15, 2023 12:01 AM IST
ByRajeev Jayaswal

Tiger conservation: A multi-point agenda to bring all states up to par

To preserve India's biodiversity, prevent non-forest activity, disallow infra in protected areas, control forest fires, improve conviction rates for offences.

India may have fared better than 12 other tiger-bearing countries, but the coming decade is likely to throw up many challenges. (PTI)
Updated on Apr 13, 2023 06:09 PM IST

Missing in India’s AI growth plan is private investment

The zeal to boost AI is welcome. But it is not sufficient. Our research indicates that the bottleneck for growing India’s AI capacity is private investment.

The government also wants to embed AI in different parts of India Stack, and fund three centres of excellence for AI, housed within leading academic institutions. (Shutterstock)
Updated on Apr 11, 2023 06:36 PM IST
ByShailesh Chitnis

To attract tourists, Himachal mulls introducing shikaras, houseboats

Himachal Tourism’s proposal to start cruise, houseboats and shikaras at the Maharana Pratap Sagar (Pong Dam) in Kangra district on the analogy of Kashmir’s Dal Lake might become a major tourist attraction in north India, says director, tourism, Amit Kashyap

To compete with water tourism in Kashmir, the Himachal Pradesh government is contemplating to introduce shikaras, houseboats and cruise boats in its major water bodies which are mainly the reservoirs of the hydropower projects, besides promoting the water sports. (ANI File Photo)
Updated on Apr 11, 2023 12:34 AM IST
ByGaurav Bisht/Naresh K Thakur, Shimla

Excerpt: Understanding the India China Border by Manoj Joshi

This edited extract from a new book on the border issue looks at what led to the Galwan clash

A signboard seen from the Indian side of the Indo-China border at Bumla, in Arunachal Pradesh in a picture dated November 11, 2009. (Adnan Abidi /REUTERS)
Updated on Apr 08, 2023 01:09 PM IST

Feel sad Budget was passed without discussion, says FM Sitharaman

The finance minister said the issues being raised were aimed at deflecting attention from India’s economic progress

The parliamentary process for approval of the <span class='webrupee'>₹</span>45 lakh crore Union Budget was completed in less than 15 minutes in both Houses. (PTI)
Updated on Apr 05, 2023 07:13 AM IST

Number theory: The state of investment at the end of FY2022-23

One of the most remarkable things in the central government's spending in the last few years has been the rising share of capital expenditure in total spending.

India's investment spending as a share of GDP was consistently rising before the 2008 crisis.(Representative image)
Updated on Apr 05, 2023 11:32 AM IST

Fiscal deficit stands at 82.8% of full-year target in February: Govt data

In actual terms, the fiscal deficit or gap between the expenditure and revenue collection during April-February period stood at ₹14.53 lakh crore.

The fiscal deficit in the comparable period of 2021-22 was 82.7 per cent of that year's Revised Estimate (RE) in the Budget. (File)
Published on Mar 31, 2023 07:25 PM IST
PTI | | Posted by Lingamgunta Nirmitha Rao

The roots of health bill row in Rajasthan

The new right to health bill has angered a section of health care providers backed by the Indian Medical Association.

Doctors stage a protest against the Rajasthan Right to Health Act, at Panch Batti in Jaipur.(PTI)
Updated on Mar 30, 2023 07:47 PM IST
ByHT Editorial

Lok Sabha approves 1.18 lakh crore budget for Jammu and Kashmir

The Lok Sabha on Tuesday passed the over ₹1.18 lakh crore budget for the Union Territory of Jammu and Kashmir for 2023-24 amid din with 35% capital expenditure at ₹41,491 crore to be spent on development and infrastructure.

The Lok Sabha was adjourned after the Jammu and Kashmir budget was passed on Tuesday. (ANI)
Updated on Mar 22, 2023 03:40 AM IST
ByRajeev Jayaswal, New Delhi

China plans 7.2% defence spending rise this year, faster than GDP target: Report

The regime's outgoing premier, Li Keqiang, made the last "Government Work Report" during his tenure on March 5 during the meeting, in which this year's China's economic growth (GDP) target was set at about 5 per cent, lower than expected by the outside world.

China's President Xi Jinping (R) speaks with National People's Congress Chairman Li Zhanshu.(AFP)
Published on Mar 07, 2023 07:49 AM IST

China 2022 GDP was below 3%. How this could affect the world: Report

China economy: China's GDP growth was also slightly lower than forecasts published by the IMF in October 2022.

China 2022 GDP was below 3%. (Bloomberg)
Published on Jan 27, 2023 09:25 AM IST
ANI | | Posted by Shobhit Gupta

Surveys suggest possible uptick in global economy in coming week

Purchasing manager indexes for both the US and the euro zone are anticipated by economists to tick higher. The International Monetary Fund may even soon raise its outlook for the year, its chief hinted on Friday.

Purchasing manager indexes for both the US and the euro zone are anticipated by economists to tick higher. (Bloomberg)
Published on Jan 22, 2023 09:39 AM IST
Bloomberg |

US economy grew 3.2% in Q3, an upgrade from earlier estimate

The rise in gross domestic product — the economy's output in goods and services — marked a return to growth after consecutive drops in the January-March and April-June periods.

Thursday's GDP report was the Commerce Department's third and final look at the July-September quarter.
Published on Dec 22, 2022 07:29 PM IST
AP |

Cabinet clears bill for reform in policies governing cooperatives

India has nearly 900,000 such cooperatives, the most in the world, which account for nearly 20% of the country’s gross domestic product (GDP).

The Union Cabinet chaired by PM Narendra Modi approved the Multi-State Cooperative Societies (Amendment) Bill, 2022 which seeks to bring major reforms in policies governing businesses collectively owned and run by members who share profits. (PTI)
Updated on Oct 13, 2022 04:51 AM IST
By, New Delhi

Thailand's international tourism jump to power GDP growth to 5-year high in 2023

Thailand, the tourism-reliant nation, has eased Covid-19 travel curbs, waived visa requirements and relaxed business restrictions to lure international travellers as soaring inflation has derailed the recovery in domestic consumption and investments

Thailand's international tourism jump to power GDP growth to 5-year high in 2023 (Photo by Worachat Sodsri on Unsplash)
Updated on Aug 02, 2022 04:03 PM IST
Bloomberg | | Posted by Zarafshan Shiraz

Fiscal deficit improves to 6.7% of GDP on higher tax receipts

The better-than-expected deficit will reduce the extent of fiscal roll back required in the current fiscal year compared to the last. The budget estimate for fiscal deficit in 2022-23 is 6.4%.

Representational image(Pradeep Gaur/ Mint)
Published on Jun 01, 2022 06:36 AM IST
By, Rajeev Jayaswal, New Delhi

India’s GDP growth better than expected

The data show that the GDP in 2021-22 has crossed pre-pandemic levels on better performance by various sectors such as manufacturing and construction.

India’s GDP grew at 8.7% in 2021-22 with 4.1% growth in the fourth quarter of the financial year.(AP file )
Published on May 31, 2022 09:46 PM IST
By, New Delhi

China sets GDP target at 5.5%, ups defence budget to 1.45 trillion yuan

While the GDP figure is China's lowest goal in decades, the country's official defence outlay has crossed the $200 billion mark for the second time, the first being in 2021.

A J-16 fighter jet at a training base for People’s Liberation Army (PLA) naval aviation force in China’s Zhejiang Province. (AP/File)
Published on Mar 06, 2022 04:47 AM IST
BySutirtho Patranobis, Beijing

Bracing for crude oil above $100 in a demand deficient economy

Brent crude prices – it is the international benchmark for crude oil prices in the world – breached the $87 level on January 18, touching the highest point since 2014.

Oil prices have been higher in the past, but the current rally might be here to stay. (Representational image)(REUTERS)
Updated on Jan 20, 2022 06:05 AM IST
By, New Delhi

19 of 22 economic indicators at levels higher than during pre-Covid times: Govt

Among these 19 High Frequency Indicators (HFIs), the improvement in some is at way more than 100 per cent, officials said.

Representative Image
Published on Dec 07, 2021 10:20 AM IST
By, New Delhi
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