Tag Archives: India economic growth

India’s foreign exchange reserves fell by $4.386 billion to $690.72 billion in the week ended August 22, the Reserve Bank of India (RBI) said on Friday.The overall reserves had risen $1.488 billion to $695.106 billion in the preceding reporting week, PTI reported.According to RBI data, foreign currency assets (FCA)—the biggest component of reserves—declined $3.652 billion to $582.251 billion. FCA, expressed …

US tariffs not to hit India’s growth: S&P NEW DELHI: Trump tariffs will not have any impact on India’s growth, as it is not a trade-oriented economy, and its sovereign ratings outlook will continue to remain positive, S&P Global Ratings director YeeFarn Phua said.In May last year, S&P had upgraded the outlook on India’s sovereign rating of ‘BBB-‘ to positive, …

File photo: CII President Rajiv Memani (Picture credit: PTI) The Confederation of Indian Industry (CII) on Thursday projected India’s economic growth to range between 6.4 per cent and 6.7 per cent in the financial year 2025-26, driven largely by strong domestic demand. However, it flagged geopolitical uncertainty and risks to global trade as potential headwinds to growth, reported news agency …

India will continue its robust economic growth trajectory and outpace major industrialised G7 countries, supported by strong domestic demand, sound macroeconomic fundamentals and a favourable demographic profile, the PHD Chamber of Commerce and Industry (PHDCCI) said in a report. The report, titled Population, Productivity, Partnership: Rethinking G7-India Collaboration, highlights that with an average real GDP growth of over 8% from …

This is an AI-generated image, used for representational purposes only. India has surged ahead in global GDP rankings over the past decade, but its per capita income remains among the lowest in the top 10 economies. In this context, a new report by Llama Research has underlined the need for India’s next growth phase to focus on improving individual prosperity, …

The Reserve Bank of India might go for steeper interest rate reductions in a move to support slower growth and controlled growth, Morgan Stanley said in its latest report.The global financial firm said that the central bank’s policy approach is likely to remain countercyclical, taking action to support the economy as momentum weakens.“We expect the RBI to respond with a …

Foreign investors have poured in Rs 17,425 crore into India’s equity markets in the week of April 21 to April 25, bolstered by a combination of favourable global factors and strong domestic economic fundamentals. This follows a net investment of Rs 8,500 crore in the previous holiday-shortened week ending April 18, news agency PTI reported. Globally, steady performances in major …

NEW DELHI : The World Bank has estimated that India will need to grow 7.8% on an average over the next 22 years to become a high-income economy by 2047 and underlined the need for a series of reforms to achieve the goal.The latest India Country Economic Memorandum, released on Friday, said India’s growth at an average 6.3% between 2000 …

NEW DELHI: Economic growth is estimated to have rebound in Oct-Dec quarter (Q3) of the current financial year, led by a revival in govt spending and improvement in some key indicators.Economists estimate growth in Q3 to be in 6.2-6.4% range, higher than the seven-quarter low of 5.4% in July-Sept. Growth in July-Sept was slower than 6.7% in April-June period and …

India is poised to achieve a remarkable milestone in its economic journey, with exports of goods and services projected to surpass $800 billion in the current fiscal year, said commerce minister Piyush Goyal on Friday. This anticipated figure not only marks a significant increase from the previous year’s total of $778 billion but also reflects the resilience of India’s export …