Indian Economy Slowdown
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India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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India's GDP Projected To "Remain Strong" At 5.8%, Says UN Report
India's GDP is projected to moderate to 5.8 per cent in 2023 as higher interest rates and global economic slowdown weigh on investment and exports, the United Nations said.
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Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
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India One Of The Fastest Growing Economies Despite Global Slowdown: Report
India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia, the OECD said on Tuesday.
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Inflation Crimps Indian Firms As Consumers Plan To Cut Spending
Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products.
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Reforms Hold the Key To Reverse Slowdown, World Bank Tells India
The World Bank, in its Indian Development Update' Report on Indian Economy, exuded confidence that economic slowdown will open new opportunities for the country.
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Indian Economy To Grow 9.5% In Next Fiscal Year: Fitch Ratings
The Indian economy is likely to bounce back with a sharp growth rate of 9.5 per cent next year if it manages to avoid further deterioration in the financial sector, Fitch Ratings said.
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"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
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Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown
A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show.
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Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll
India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.
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Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
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''Karo-Na Virus'' Has Plagued BJP Government: Congress On GDP Numbers
Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.
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India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
-
India's GDP Projected To "Remain Strong" At 5.8%, Says UN Report
India's GDP is projected to moderate to 5.8 per cent in 2023 as higher interest rates and global economic slowdown weigh on investment and exports, the United Nations said.
-
Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
-
India One Of The Fastest Growing Economies Despite Global Slowdown: Report
India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia, the OECD said on Tuesday.
-
Inflation Crimps Indian Firms As Consumers Plan To Cut Spending
Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for companies such as Godrej Appliances which saw bumper sales as recently as March and April after a brutal heatwave spiked demand for its cooling products.
-
Reforms Hold the Key To Reverse Slowdown, World Bank Tells India
The World Bank, in its Indian Development Update' Report on Indian Economy, exuded confidence that economic slowdown will open new opportunities for the country.
-
Indian Economy To Grow 9.5% In Next Fiscal Year: Fitch Ratings
The Indian economy is likely to bounce back with a sharp growth rate of 9.5 per cent next year if it manages to avoid further deterioration in the financial sector, Fitch Ratings said.
-
"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
-
Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown
A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show.
-
Coronavirus To Hit Indian Economy Hard, Amid Slowdown: Reuters Poll
India's already-slowing economy weakened to at least an eight-year low this quarter and will slow even more sharply in the next six months due to the global coronavirus pandemic, a Reuters poll found.
-
Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
-
''Karo-Na Virus'' Has Plagued BJP Government: Congress On GDP Numbers
Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.
