Indian economy projected to grow 6.5 per cent in 2024: UNCTAD

[ad_1] India’s economy is projected to grow by 6.5 per cent in 2024, according to a report by the UN which noted that multinationals extending their manufacturing processes into the country to diversify their supply chains will have a positive...

IMF raises India’s GDP forecast to 6.8% for FY25

[ad_1] With expected rise in domestic demand, International Monetary Fund (IMF) on Tuesday upped its growth projection for India by 30 basis points to 6.8 per cent for the current fiscal year. However, it has not made any changes to...

Export numbers reflect resilience of Indian economy: FIEO

[ad_1] The Federation of Indian Export Organisations (FIEO) has said the latest export numbers reflected the resilience of the country’s economy. Amidst geopolitical challenges such as the Russia-Ukraine war and the Red Sea crisis, the country clocked $776.86 billion in...

Indian economy poised for enhanced private investments, says new Assocham Prez Nayar

[ad_1] National industry body Assocham plans to undertake a comprehensive study of private sector investments in the economy and ascertain the next phase of measures needed to propel the country’s growth story, its new President Sanjay Nayar has said.This study...

India’s economic performance good, efforts needed to sustain it: EAC-PM member Sanjeev Sanyal

[ad_1] India's economic growth performance is 'good' and efforts now will be needed to sustain it, as there are concerns about the external environment, which are not quite settled, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal...

CII President R Dinesh foresees GDP growth at 8-9% amid global challenges

[ad_1] India is poised for 8-9 percent GDP growth trajectory, with potential to reach close to 10 per cent over the medium-term through structural reforms related to land and labour, R Dinesh, President, Confederation of Indian Industry (CII), said. However, achieving...

IMF sets distance from former chief economic adviser K Subramanian’s claim of 8% growth for India

[ad_1] The International Monetary Fund on Thursday distanced itself its India Executive Director Krishnamurthy Subramanian’s claim that the Indian economy can grow at 8% “till 2047”.“With the kind of growth that India has registered in the last 10 years, if...

World Bank projects Indian economy to grow at 7.5% in 2024

[ad_1] The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be...

CEA refutes Raghuram Rajan’s “nonsense” remark; says $30-trillion target achievable

[ad_1] The Chief Economic Advisor to Government of India V Anantha Nageswaran disagrees with his predecessor, Raghuram Rajan, who recently termed the “$30 trillion GDP by 2047” as “nonsense”. Nageswaran, who felt the Viksit Bharat (Developed India) target was stiff but...

NCAER predicts no change in policy rates as MPC gathers for April meeting

[ad_1] National Council of Applied Economic Research (NCAER) on Sunday said that Indian economy remained buoyant at the end of fiscal 2023-24 and set to clock 7.6 percent growth as projected in the CSO’s second Advance Estimate.Both the Purchasing Manager’s...
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