Indian economy

The senior Congress leader pointed out to Gita Gopinath’s previous lowdown of the Centre’s demonetisation move as he launched his latest critique of the government. read more

IMF chief economist Gita Gopinath said growth in India slowed sharply “owing to stress in the non-bank financial sector and weak rural income growth”. read more

The UN report expressed the hope that combination of fiscal stimulus and financial sector reforms will help boost consumption. read more

All Opposition parties had been active in opposing the CAA and NRC. But this is the first time that they are meeting in a bid to formulate a joint strategy. read more

According to Hugo Erken of Raobank, the rupee could weaken less than 1% over the next 12 months, while Indonesia’s rupiah may fall 7%, Thai baht 11% and the Malaysian ringgit 9%. read more

In the report’s India section, the World Bank said tighter credit conditions in the non-banking sector are contributing to a substantial weakening of the domestic demand in the country. read more

The prime minister’s comments assume significance amid a deep downturn in the economy, led by sluggish consumption, and subdued private investment in the country. read more

Earlier, the Congress veteran had alleged that Prime Minister Narendra Modi had left it to his ministers to indulge in ‘bluff and blister’ about the state of the economy. He had also charged Modi with being ‘unusually silent’ on the economy. read more

“The government has taken many steps but we need a stronger fiscal stimulus. if GST is brought down by 15%, that would be a huge stimulus,” Birla said at the Hindustan Times Leadership Summit. read more

The loans push is part of the government’s efforts to revive demand in a slowing economy. Data released on Friday showed that the economy expanded by 4.5% in the second quarter (ending September 30) of 2019-2020, the lowest rate of growth since March... read more

Net tax receipts in the April-October period was 6.83 trillion rupees, while total expenditure was 16.55 trillion rupees, the data showed read more

To boost manufacturing, the government must send out signals to the bureaucracy, courts, states and investors read more

Knowledge production and foreign policy go hand in hand. Thus, stronger investment in the university system will ensure multidisciplinary and indigenously driven scholarship. read more

Though the ministry is considering 2017-18 as the new base year, no decision has been taken as the committees of experts are awaiting some more data before finalising their opinion. read more

Raghuram Rajan was asked about Niramala Sitharaman’s comments in New York earlier this month where she said that the Indian public sector banks had the “worst phase” under the combination of former Prime Minister Manmohan Singh and Rajan. read more