Economy

Economy News

India, EU seek to resolve dispute at WTO bilaterally

The Dispute Settlement Body (DSB) has called a special meeting on June 15 to decide on the joint request. If this is agreed to by DSB, it would facilitate the.

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India’s services sector output increases at 2nd-fastest pace in close to 13 years in May: PMI

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 62 in April to 61.2 in May. India’s services sector growth eased slightly in May, but registered.

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Economy News

Asset monetisation: Rs 1.4 trn raised, up 44% on year

The monetisation of public-sector brownfield assets unlocked capital worth Rs 1.4 trillion in FY23, up 44% on year. The achievement was against the target of Rs 1.62 trillion. The monetisation.

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India likely bracing for El Nino impact on monsoon, says former farm secretary

Any shortfall in showers during the June-September rainy season could hurt India’s crop output, boost food inflation and prompt the government to continue curbing exports of wheat, rice and sugar..

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RBI may reduce policy rate in fourth quarter of 2024: Oxford Economics

It further said inflation has already begun easing, and consumer inflation expectations are falling, so attention has shifted from estimating the peak level of the current hiking cycle to the.

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Economic recession in Germany may impact certain export sectors from India: CII EXIM

Germany, the world’s fourth-largest economy, is facing recession as its GDP fell 0.3 per cent in the first quarter of 2023, following a decline of 0.5 per cent in the.

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Economy News

India to be green hydrogen hub by 2040: Hardeep Singh Puri

Indian economy will grow beyond $20 trillion and the per capita income will grow by 10 times from now in the next 15 years, he said. Manish Gupta India will.

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India poised for world-beating growth, says CEA V Anantha Nageswaran

While higher borrowing costs might have slowed some activity, India remains the world’s fastest-growing major economy, outpacing China and drawing foreign inflows into the equity markets. India’s strong credit demand.

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PM Modi to chair NITI Aayog Governing Council meet on Saturday

In this context, the statement said the 8th Governing Council Meeting provides an opportunity to create a roadmap for Viksit Bharat by 2047 in which Centre and states can work.

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Economy News

India Inc pays less for imported inputs, machinery imports keep pace

Indian businesses are paying less for imported energy and other inputs like chemicals while buying more machinery from overseas sources, according to official data. Indian businesses are paying less for.

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