Demonetisation: A stress test for the economy

[ad_1] In a fateful speech on November 8, 2016, Prime Minister Modi announced that the two largest denomination currency notes — ₹500 and ₹1,000 — would cease to be legal tender overnight. Citizens were given 50 days’ time to deposit...

FPIs infuse over ₹38,000 cr in equities in March so far amid strong domestic economic outlook

[ad_1] FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over ₹38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook.Also read: Global cues,...

RBI may up FY25 GDP growth projection; lower retail inflation projection a shade

[ad_1] The team also sees FY25 CPI (consumer price index) based inflation a tad lower at 4.4 per cent against 4.5 per cent projected in the statement | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) may bump...

Will take India long time to catch up with China, says former foreign secretary Gokhale

[ad_1] Even if India is rising economically and China is declining, it will take India about 25 years to catch up with China, says Vijay Keshav Gokhale, a former Secretary of the Ministry for External Affairs. Nor will India be...

India’s latest GDP growth numbers are ‘mystifying’, says former chief economic advisor

[ad_1] The Centre’s latest figures on growth in the country’s gross domestic product don’t add up and are “mystifying”, former Chief Economic Advisor Arvind Subramanian said on Friday.The government said on February 29 that the Indian economy grew by 8.4%...

FPIs inject over ₹6,100 crore in equities in March on strong economic growth, market resilience

[ad_1] Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth ₹6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields. This came following a modest investment...

India to see record FPI inflows in FY24 on strong economic growth

[ad_1] The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week after a tepid show...

Real GDP growth to moderate to 7% and 6.8% in FY25 and FY26, respectively: UBS

[ad_1] This is due to global (weaker growth) and local factors (softness in public capex) The growth momentum of the first three quarters of FY24 is expected to continue as cyclical recovery and structural improvements remain in play, UBS said...

Crude oil declines as China’s GDP growth target fails to impress market

[ad_1] Crude oil futures traded lower on Tuesday morning as China’s GDP growth target failed to impress the markets. Also read: Crude oil up as OPEC+ members extend voluntary output cutsAt 9.52 am on Tuesday, May Brent oil futures were...
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