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10 Jun 2022

Fitch improves India's rating outlook to stable on 'solid' medium-term growth

Fitch Ratings kept the rating unchanged at 'BBB-'. Fitch cut the economic growth forecast to 7.8 per cent for the current fiscal. Indian economy grew 8.7 per cent in the last financial year.

07 Jun 2022

World Bank slashes India’s economic growth forecast to 7.5%

It had lowered the projection from 8.7% to 8% earlier in April, and it is currently expected to be 7.5 percent. The GDP expansion compares to an 8.7% expansion in the prior fiscal year 2021-22.

25 May 2022

Indian economy seen growing 9.2% in FY22 on upbeat rural sector: BoB report

BoB said it expects the economy to post higher growth in the last quarter ended March 2022. Contact-intensive sectors are expected to make stronger recovery, the report said. A much needed pick up will be visible in services sector, it added.

20 May 2022

DNA: Inflation is increasing not only in India but all over the world

Inflation is increasing not only in India but all over the world. The big question is why even big countries are failing to control inflation.

15 May 2022

India's economy seeing V-shaped recovery: Defence Minister Rajnath Singh

India continues to grow as one of the fastest-growing major economies in the world. Our exports continue to set new records and are likely to increase further, said Rajnath Singh in Lucknow as per ANI.

Manufacturing sector

02 May 2022

India's manufacturing sector sees faster growth in April: PMI

The April PMI data pointed to an improvement in overall operating conditions for the tenth straight month. April data showed a rebound in new export orders, following the first contraction for nine months in March. The rate of increase was solid and the strongest since last July.

19 Apr 2022

IMF slashes India's growth forecast for FY23 to 8.2%

The fund had earlier projected 9.5 per cent growth for the Indian economy in 2022. It slashed it by 0.5 percentage points in its January report. The fund has also cut its projection for 2023 by 0.2 point to 6.9 per cent.

18 Apr 2022

Poverty rate has decreased in the country during the tenure of PM Modi

Poverty of the country has decreased very fast during the tenure of Prime Minister Modi, 12.3% of the country's poverty has decreased in 8 years

14 Apr 2022

DNA: India emerges as world leader at the time of crisis

India is the largest democracy in the world. We are the biggest champions of democracy and the biggest messengers of peace in the whole world. But why are we saying this? Understand from the report!

03 Apr 2022

'Breaking records like RRR...': Piyush Goyal praises India's growing economy

India's merchandise exports spurted to a record high of USD 418 billion in the 2021-22 fiscal year India's top five export destinations are the US, UAE, China, Bangladesh and the Netherlands

Dubai Expo 2021-22

29 Mar 2022

‘Global India Collaborative’ to help in making India $5 trillion economy

It was founded with the explicit goal of promoting sustainable development in which people, planet, and profit coexist. GIC global president stated that GIC would establish regional chapters in the United Kingdom, the United States, and Singapore in the following months. GIC led a high-level team to Dubai from March 25 to March 28 to revitalise the MSME sector and start other initiatives.

13 Mar 2022

Looking at creating a fund for agritech startups, says Piyush Goyal

Technology and innovation will be the key driving force for India and its economy, he said. India has the third largest startup ecosystem in India with over 65,000 registered startups in just five years. At another function, the minister stated that one can find many opportunities, like even in the current war crisis.

07 Mar 2022

Ukraine war to strain multiple sectors of Indian economy

The price of Brent crude has skyrocketed above $125 per barrel from $97 before the Russian invasion began. While this would benefit domestic primary steel makers and aluminium smelters because their realizations will rise, it would cascade negatively for the construction, real estate, and automobile sectors. For diamond polishers, continued disruption of trade can make roughs costlier, leading to a squeeze on their margins.

Nirmala Sitharaman

28 Feb 2022

Govt worried about impact of Russia-Ukraine conflict on India's exports: FM

Sitharaman said the government is closely monitoring the evolving situation in the Russia-Ukraine region and assessing the impact of the conflict on the country`s trade. The Finance Minister pointed out that Ukraine is a major supplier of sunflower oil seeds and fertilizers and the disruption in supply would impact essential commodities like edible oil.

26 Feb 2022

Crude oil at $100 per barrel, Govt may release Strategic Petroleum Reserves

At present Indian refiners hold crude oil reserves of 64.5 days. In addition to that, India also holds 39.62 million barrels of crude oil through its Strategic Petroleum Reserve body ISPRL. Cumulatively at present India has oil storage for 74 days.

20 Feb 2022

India, US in dialogue to boost economic ties

Talking about India's trade, the minister said the country's merchandise exports would cross the USD 400 billion mark in this fiscal. He said that India has increased customs duties on certain products to contain low-quality import of goods and to provide a level-playing field to domestic firms for promoting manufacturing. Talking about revamping the commerce ministry, he said the ministry has engaged BCG for that.

India-UAE trade

19 Feb 2022

Duty-free access for jewellery sector to get huge export boost under India-UAE

India has agreed to concessional import duties on gold imports of up to 200 tonnes per year. India imported about 70 tonnes of gold from the UAE in 2020-21. He said the biggest gain for India is "that we get zero duty access" to the UAE market for domestic jewellery. TRQ is a quota for a volume of imports that enter India at specified tariffs.

India-UAE trade

18 Feb 2022

India, UAE eye $100 billion in annual trade after signing trade pact

The virtual signing ceremony marks the first trade deal sealed by the Gulf state since it began pursuing such pacts last September in a bid to strengthen its status as a business hub. The deal also covers services, investments, intellectual property, and a commitment by the UAE to grant 140,000 employment visas to highly skilled workers from India by 2030. The CEPA is expected to take 1.5-2 years to be implemented.

14 Feb 2022

Here’s how Baban Ghosh helped people during pandemic

Not only this, making arrangements to bring the trapped laborers home in other states and cities, for which 20 to 30 buses were arranged and the workers were called back to their cities with security.

15 Feb 2022

Latest wave had muted impact on growth, biz activity back to pre-third wave

The labour participation rate inched lower to 40.3 per cent from 40.5 per cent in the previous week. Trends in ultra-high frequency data suggest a more muted impact of the third wave on growth overall.

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