ECONOMY


Last week, I was chatting with a retired banker who has his savings invested largely in stocks. Like many thoughtful people hoping to see a just and equitable society, he was concerned about “what’s going on in the country”. He wants a change for the better. Then, he hastened to add with a...

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IANS 01 December 2023
India's retail inflation slowed to a four-month low of 4.87 per cent in October from 5.02 per cent in September, bringing respite to consumers.   The falling inflation level is also coming closer to the RBI's 4 per cent target that would trigger a cut in interest rates to spur...

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IANS 01 December 2023
India's economy grew at 7.6% in the July-September quarter of the current financial year despite a slowdown in agriculture as the robust performance of the manufacturing sector and high government expenditure on big ticket infrastructure projects kept up the growth momentum, according to data...

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IANS 28 November 2023
S&P Ratings has raised its forecast for India’s GDP growth during the current financial year to 6.4% from the earlier 6%.   “We have revised upwards our projection for this fiscal as robust domestic momentum seems to have offset headwinds from high food inflation and weak exports”'...

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IANS 22 November 2023
Inflationary risks continue to persist keeping the Centre and the Reserve Bank of India (RBI) on high alert, according to the finance ministry's monthly economic report for October released on Tuesday.   However, a decline in international crude oil prices will help control...

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IANS 09 November 2023
Moody’s expects global G20 growth to moderate in 2024 to 2.1% from 2.8% in 2023 and accelerate in 2025 to 2.6%, the firm said in its Global Macroeconomic Outlook 2024-25 report.   Economic strength across emerging market countries varies considerably, with some like India, Brazil,...

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IANS 09 November 2023
The Indian government may announce more 'expenditure initiatives' in the run-up to the national elections in the first half of 2024 but this is not likely to impact the country’s fiscal deficit target, according to an S&P report released on Wednesday.   “More expenditure initiatives...

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Stock markets are ruled by “sentiment” which drives money in and out of the markets. Bullish sentiment is described as a risk-on period while the bearish sentiment is called risk-off. The US market and economy have a profound influence on emerging markets and it is worth paying attention to...

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We keep hearing about so many things that are bad for health—cigarettes, liquor, gutka, hard drugs, processed foods… a long list of ‘shouldn’t touch’ items about which we read every now and then.   But what about beedis? Are they okay?   Apparently so, because hardly anyone...

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IANS 16 October 2023
India's wholesale price index (WPI) based inflation remained in negative zone as it eased to (-) 0.26 per cent in September against (-) 0.52 per cent recorded the previous month, according to data released by the Union Finance Ministry on Monday.   The deflation was primarily due to...

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IANS 13 October 2023
India's retail inflation eased to a 3-month low of 5.02 per cent in September bringing much-needed relief to consumers, according to official figures released on Thursday.   Food inflation, which accounts for close to half of the overall consumer price index (CPI), slowed to 6.56 per...

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Arun Kumar (The Leaflet) 10 October 2023
What the true Gross Domestic Product-GDP of India is and at what pace it is growing remains in the realm of speculations and contentions.   —   On 31 August 2023, the official growth rate of the Indian economy was announced to be 7.8%.   The figure immediately came...

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IANS 09 October 2023
Senior economists are in a wait & watch mode as to the impact of Israel - Hamas war on the Indian economy while agreeing there may be a crude oil supply challenge if the war spreads across West Asia.   They said it is a bit early to comment on the impact as the situation has to be...

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Moneylife Digital Team 06 October 2023
As predicted by economists, the monetary policy committee (MPC) of Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its bi-monthly meeting.   Announcing the decision of the MPC after its three-day deliberations, RBI governor Shaktikanta Das says, "After a...

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IANS 05 October 2023
Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday expressed serious concern over soaring crude oil prices which, he said, could lead to a repeat of the disastrous situation in 2008 when prices skyrocketed and then crashed due to a destruction of demand.   "With the...

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IANS 03 October 2023
The World Bank has forecast India’s GDP growth for 2023-24 to be at 6.3% as global headwinds are emerging as a drag.   The expected moderation (from 7.2% in 2022-23) is mainly due to challenging external conditions and waning pent-up demand," the World Bank said in its India...

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IANS 03 October 2023
India’s manufacturing sector registered a mild slowdown in growth during September compared to August but still continues to remain strong as a sharp rise in new orders underpinned sustained expansions in output, input purchasing and employment, according to a S&P Global PMI report released...

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There are broadly two views on the Indian economy. One is untrammelled boosterism, the dream of becoming a US$5trn (trillion) economy, delivered by an ostensible era of perpetual prosperity, supported by a set of rosy data. Another view is sceptical of such an inference, based on a different...

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IANS 28 September 2023
India's current account deficit (CAD) jumped 7-fold to US$9.2bn (billion) in the April-June quarter compared to the corresponding figure of US$1,3bn in the preceding quarter, according to Reserve Bank of India (RBI) data released on Thursday.   "The widening of CAD on a...

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IANS 28 September 2023
India Inc. is worried over the staggering growth in illicit trade and views it as a threat to the economy and security of the country that needs to be tackled on a war footing.   A report released by the Federation of Indian Chambers of Commerce and Industr (FICCI) on Thursday, based...

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