Economy

Economy News

Rating firms unfair to India, other EMEs: FinMin economists

Improved rating norms could save billions of dollars for countries Questioning the three big global rating agencies for keeping India’s rating static at the lowest investment grade for the last.

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Economy News

Export basket shifted to capital and skill-intensive products

India’s exports have been growing faster than the rate of growth of world exports in contrast to the pre-reform period. India’s export baskets has undergone a shift from labour intensive.

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Red Sea attacks threaten to inflate India’s export costs

The investment bank, however, estimates that prolonged redirection of these oil flows would raise spot crude prices relative to long-dated prices by $3-4/per barrel. As shipping lines circumvent the Suez.

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Govt charts out plan to slash coal imports

To eliminate imports of domestically available fuel varieties by March 2026, says coal secretary. To achieve self-sufficiency in production of coal and reduce the dependence on imports, the coal ministry.

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India likely to remain fastest growing major economy in 2024: Assocham

The country’s Gross domestic product (GDP) growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by the Reserve Bank of India (RBI). India is likely to.

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RBI to act early to prevent growth risks: Guv Shaktikanta Das

Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major economies in the world with a rising potential growth profile. The Reserve Bank of.

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FTA talks hectic but no deal in 2023 as govt treads with caution

Simultaneous with negotiations for new pacts, Delhi critically reviews benefits and pitfalls of past ones. The past year has seen hectic negotiations on scores of bilateral free trade agreements being.

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Economic outlook for 2024: GST collection, GDP print, subsiding CPI inflation, other high frequency indicators suggest sustained growth

For the first three quarters of the current year, India’s real GDP growth figures stood at 6.4 per cent, 7.8 per cent and 7.6 per cent, respectively. RBI has also.

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Economy News

Ministry seeks extra Rs 5,000-crore for Fasal Bima this fiscal

Record 40 million farmers enroll for subsidised crop insurance cover this year. With an increase in coverage of crop insurance amongst the farmers, expenditure under the Prashan Mantri Fasal Bima.

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Economy News

Forex reserves rise to near 2-year high

Foreign currency assets rose $8.3 billion to $545 billion in the week ended December 15. Forex reserves rose $9.1 billion to a near two-year high of $616 billion in the.

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