Economy

Economy News

Fed pivot will dominate year of rate cuts in turn of global cycle

After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the world are poised to begin easing monetary policy as inflation continues.

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Economy News

Shipping costs up 60%: Trade body report

The delays through rerouting of ships has also led to an increase in time taken on seas by up to 20 days, GTRI said. Predicting that the crisis in the.

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Economy News

Piyush Goyal remains optimistic about $2 trillion export target

Speaking at the inauguration of the Patsan Bhavan, which houses the Jute Commissioner’s office and headquarters of Jute Corporation of India and National Jute Board, in New Town, Kolkata, Goyal.

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Economy News

India’s GDP growth for 2023-24 estimated at 7.3%, economists expect real GDP growth for FY25 at 6.5-7%

Economists said that with the first advanced estimate at 7.3 per cent for this fiscal, the second half will see a tad slower number. Economists lauded India’s real GDP growth.

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Economy News

India’s food imports at $33 billion in 2023, down 10% on year

The imports in 2023 were 10% lower than last year’s $36.7 billion as vegetable oil prices eased during the year. India, despite being one of the few developing countries self-sufficient.

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Economy News

New capex announcements plunge 77% to Rupees 1.9 trillion in Dec quarter

The private sector’s new projects announced dropped 77% to Rupees 1.9 trillion in Q3FY24, and that of the government sector fell 81% to Rupees 0.3 trillion. The share of the.

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Economy News

India’s December manufacturing PMI at 18-month low of 54.9 vs 56.0 in November

The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed the sector still expanding strongly in December despite a loss of growth momentum. There were softer, albeit sharp, increases.

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Economy News

Budget 2024: Here are key terms you should know before Budget session

Union Finance Minister Nirmala Sitharaman will be presenting the interim Budget for fiscal year 2024-25 on February 1, 2024. Before that, here are few financial terms one should familiarize with..

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Economy News

How can India achieve USD1 trillion in exports: Decoding the roadmap

The momentous rise in service exports has been at the crux of India’s post-pandemic resilient economic push. Backed by a strong wave of global demand, the country witnessed a robust.

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Economy News

Many countries keen to sign FTA with India: GTRI report

The Global Trade Research Initiative (GTRI) said that by implementing a trade deal (FTA) with India, countries can access the Indian market with less or no import duties on substantial.

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