Economy

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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Economy News

India starts importing pulses from Brazil

The government has held a series of discussions with Brazil and Argentina to source urad and tur dal for meeting the domestic requirement. To diversify import dependence on a few.

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Economy News

India allows export of 30,000 tonnes of non-basmati white rice to Tanzania

The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. The government has permitted exports of 30,000 tonne.

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Economy News

Centre sets conditions for even untied capex loans to states

The scheme for providing financial assistance to the states for capital expenditure, introduced in FY21, was extended to FY25 in the interm Budget with an outlay of Rs 1.3 trillion.

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Economy News

CRISIL revises FY24 GDP estimate, says growth will moderate in FY25

Growth has been revised for the past two fiscals – the print for fiscal 2023 was revised down 25 basis points (bps) to 7.0 per cent, for fiscal 2022 it.

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Economy News

Too much regulatory guardrails could impede growth rate, says Uday Kotak

Regulators should not be too conservative and cautious but must respond fast to “accidents” in the respective sectors, he said while addressing a two-day event organised by National Financial Reporting.

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Economy News

India’s services sector growth eases in February on softer expansions in business activity, sales

The seasonally adjusted HSBC India Services Business Activity Index registered 60.6 in February, down from 61.8 in January. The services sector growth in India moderated in February amid softer expansions.

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