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RBI Keeps Key Lending Rate Unchanged, Growth Target Lowered To 6.6%
The Reserve Bank of India (RBI) has kept its key lending rate unchanged for the 11th consecutive time citing high inflation, but lowered sharply the growth target for the current financial year.
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Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
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Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Nifty Hits All-Time High After Upbeat Growth Data, Sensex Up 300 Points
Nifty hit a fresh record high on Friday, as faster-than-expected economic growth in the September-quarter added to optimism over the global interest rate outlook.
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India's Growth To Outpace All Other G20 Economies For Next 2 Years: Moody's
Moody's Investors Service on Friday affirmed India's rating at the lowest investment grade of 'Baa3', with a stable outlook, saying high growth will support a gradual increase in income levels.
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Narayana Murthy Warns About Impact Of India's "High Population Growth"
Infosys Co-founder Narayana Murthy today warned about the consequences of India's high population growth rate and said the country did not put population control on the "front burner" since mid-70s.
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China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
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India's Economy To Grow At 6% In 2023-24: Ex Niti Aayog Vice Chairman
India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government, former Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
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Global Growth May Slow "Perilously Close" To Recession In 2023: World Bank
Global growth is expected to slow "perilously close" to recession in 2023, the World Bank said Tuesday, slashing its economic forecast on high inflation, rising interest rates and Russia's invasion of Ukraine.
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What India's Widening Deficits Mean For Growth Amid Higher Global Interest Rates
India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.
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Why Billionaire Gautam Adani-Led Group's Stock Prices Are Falling
Adani group stocks have witnessed a sell off. Whats behind this?
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Cognizant Describes Report On High Attrition As 'Speculative At Best'
Cognizant in reaction to media reports on high annual attrition rate said the company was following its plan for promoting rapid growth, upholding dominant positions in important economic spheres, and increasing its global headcount to the largest ever.
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Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
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Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
-
RBI Keeps Key Lending Rate Unchanged, Growth Target Lowered To 6.6%
The Reserve Bank of India (RBI) has kept its key lending rate unchanged for the 11th consecutive time citing high inflation, but lowered sharply the growth target for the current financial year.
-
Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
-
Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Nifty Hits All-Time High After Upbeat Growth Data, Sensex Up 300 Points
Nifty hit a fresh record high on Friday, as faster-than-expected economic growth in the September-quarter added to optimism over the global interest rate outlook.
-
India's Growth To Outpace All Other G20 Economies For Next 2 Years: Moody's
Moody's Investors Service on Friday affirmed India's rating at the lowest investment grade of 'Baa3', with a stable outlook, saying high growth will support a gradual increase in income levels.
-
Narayana Murthy Warns About Impact Of India's "High Population Growth"
Infosys Co-founder Narayana Murthy today warned about the consequences of India's high population growth rate and said the country did not put population control on the "front burner" since mid-70s.
-
China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
-
India's Economy To Grow At 6% In 2023-24: Ex Niti Aayog Vice Chairman
India is likely to clock 6 per cent growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi government, former Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.
-
Global Growth May Slow "Perilously Close" To Recession In 2023: World Bank
Global growth is expected to slow "perilously close" to recession in 2023, the World Bank said Tuesday, slashing its economic forecast on high inflation, rising interest rates and Russia's invasion of Ukraine.
-
What India's Widening Deficits Mean For Growth Amid Higher Global Interest Rates
India's high fiscal and current account deficit challenges assume significance in the changed scenario of higher global interest rates, said a report.
-
Why Billionaire Gautam Adani-Led Group's Stock Prices Are Falling
Adani group stocks have witnessed a sell off. Whats behind this?
-
Cognizant Describes Report On High Attrition As 'Speculative At Best'
Cognizant in reaction to media reports on high annual attrition rate said the company was following its plan for promoting rapid growth, upholding dominant positions in important economic spheres, and increasing its global headcount to the largest ever.
-
Robust Growth Gives RBI Room For More Rate Hikes: Report
The strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp out high inflation, DBS Group Research said in a note on Thursday.
-
Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
