Economy

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“The views conveyed …by Mr. Subramanian were in his role as India’s representative at the IMF,” Julie Kozack, IMF spokesperson, told reporters here on Thursday.

The recent remarks of Krishnamurthy Subramanian, Executive Director at the International Monetary Fund, about India’s growth figures does not represent the views of the IMF and were in his role as India’s.

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Economy News

NPS corpus rises 30% on year to Rs 11.73 trillion

10.3 million new subscribers added in FY24 The assets under management (AUM) under the National Pension System (NPS) including Atal Pension Yojana rose by 30.5% on year to Rs 11.73.

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Economy News

Govt steps up wheat purchase, says food inflation under check

Food secretary Sanjeev Chopra on Thursday said on Thursday: “While the inflation in wheat has been largely curbed, price rise in rice has plateaued.” However, since edible oil prices have.

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Economy News

India eyes Rs 1 trillion marine exports in 2 years

Debunks reports of poor working conditions, safety standards India is aiming to reach Rs 1 trillion in marine product exports in next two years by increasing its processing capacity and.

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Economy News

India’s Services PMI rises to 61.2 in March on healthy demand conditions

Ines Lam, Economist at HSBC, said, “India’s services PMI rose in March, following a small dip in February, on the back of strong demand that spurred sales and business activity.”.

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Economy News

RBI MPC Meet Day 2: RBI likely to keep repo rate unchanged at 6.50%; economists say GDP estimate may be revised up

The RBI MPC meeting commenced on April 3 and the six-member committee headed by RBI Governor Shaktikanta Das, will announce its decision on India’s benchmark interest rate at 10 am.

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Economy News

“Net exports” seen a growth driver in current quarter; Foreign trade was a drag on GDP for three quarters in a row

Economists forecast Q4 GDP growth to be significantly higher than NSO estimate of 5.9%. India’s foreign trade is likely to push the country’s gross domestic product (GDP) growth by about.

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Q3 CAD at $10.5 bn: FY23-24 current account estimated at $35 billion or 1% of GDP on growing merchandise, service exports, says Barclays

Barclays maintained its forecasts for the annual current account at $35 billion or 1 per cent of the GDP in FY23-24, but stated that it sees a downside to this.

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Economy News

S&P raises India growth forecast for FY25 to 6.8 per cent

RBI steps creating more robust financial system, says rating agency. S&P Global on Tuesday raised its forecast for India’s real economic growth in the next financial year (2024-25) by 0.4.

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Economy News

FTAs help engineering exports; shipments to Russia double

Overall, engineering exports entered the positive growth zone by February stood at $ 98.03 billion as against $ 96.84 billion during April-February of last year, securing 1.23% growth. Engineering goods.

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