Economy

Economy News

Fitch revises India’s GDP forecasts higher, expects 7% growth in FY25

In its March Outlook report, the ratings agency stated that domestic demand and private investment will drive the estimated 0.5% increase in FY25 GDP growth. On Thursday, Fitch Ratings revised.

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Economy News

FY24 capex loans to states exceed RE; Rs 1.09 trillion released so far versus target of Rs 1.05 trillion

In the Budget presented on February 1, the Centre cut the outlay for the capex facility by 19% from the budget estimate of Rs 1.3 trillion for FY24 as some.

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Economy News

February WPI inflation moderates to four-month low of 0.20% on costlier food articles

February WPI inflation moderated to a four-month low of 0.20 per cent on increase in prices of food articles, crude petroleum & natural gas, electricity, machinery & equipment and motor.

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Economy News

Unicorns to add $1 trillion to economy by 2030, generate 50 million jobs: CII-McKinsey study

The first unicorn was seen in India in 2011, and after a decade, India has crossed the mark of 100 unicorns. The combined valuation of 113 unicorns is $350 billion.

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Economy News

Edible oil imports falls 21% since November

According to a SEA note, the availability of palm oil for edible oil requirements has come down as the main two producers Malaysia and Indonesia are diverting it for the.

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Economy News

CAD likely to touch year’s high at 1.2% in Q3: India Ratings

India’s CAD was 1% in Q2FY24 and it was 2% in Q3FY23. India Ratings expects the current account deficit to dip in Q4FY24. With an estimated current account deficit (CAD).

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Economy News

Global trade growth likely to accelerate in 2024: Report

The “New DHL Global Connectedness Report 2024” by DHL and New York University’s Stern School of Business, released here, also said that the share of global output traded internationally was.

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Economy News

State of the Economy: Feb CPI inflation at 5.09% in line with expectations, IIP falls below estimates; Economists say RBI MPC may stay on hold

India’s retail inflation based on the Consumer Price Index (CPI) stood at 5.09 per cent in February, roughly at the same level as in January primarily due to food inflation..

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Economy News

Govt mulls Rs 1-trillion fund to spur local deep-tech

The scheme, to be run for an initial period of five years, may be run by state-run agencies like National Bank for Financing Infrastructure and Development (NaBFID) and National Investment.

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Economy News

Consumer goods firms may test pricing power in FY25

Market research agency Kantar said last week that it saw the domestic FMCG market remaining subdued till the September 2024 quarter, though the tide would turn in the December quarter.

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