November IIP jumps to 6-month high of 5.2%
India’s industrial growth surged to a six-month high of 5.2% in November, up from 3.7% in October, according to data released on January 10. This...
Are GDP Advance Estimates Indicating a Deeper Slowdown?
According to a report by Bank of America Global Research, the projected GDP growth rate represents the slowest pace since the pandemic, effectively reversing gains made during the recovery. This deceleration is likely to impact consumer confidence, wage growth, corporate revenues, investment, credit demand, and fiscal calculations.
India’s GDP Growth Projected at Four-Year Low of 6.4% for FY25 : Govt’s Advance Estimates
India's GDP growth is expected to dip to 6.4% in FY25, marking its lowest level in four years, as per the government’s first advance estimates...
SBI survey snows rural poverty decline
Overall, poverty levels now stand in the range of 4-4.5%. The sharp decline in rural poverty ratio is on account of higher consumption growth in lowest 0-5% decile with significant Government support, the survey said.
Former PM Manmohan Singh cremated with full state honour
Manmohan Singh ia credited with kicking off the reforms era in Indian economy back in 1991
Too little, too distant! India rejects USD 300 bn climate finance package for Global South
India on Sunday rejected the new climate finance package of a meagre USD 300 billion annually by 2035 for the Global South at the UN...
CPI inflation bounce back to 6.2 % in October
Subdued global commodity prices amid concerns over global demand should further aid in moderation of the headline inflation going ahead. In October, global commodity price index declined by 4.3% YoY, while Brent crude prices fell by 15% YoY. However, it is crucial to monitor geopolitical developments closely, as these could significantly influence global commodity markets and supply chains.
Demonetisation anniversary: A political thriller turns 8
The much-hyped demonetisation has failed to break real estate’s love for black money, per a recent survey. Black money continues to be dominant in real estate.
Bibek Debroy, economist & chairman of PM’s economic advisory council, dies at 69
He had worked in Presidency College, Kolkata; Gokhale Institute of Politics and Economics, Pune; Indian Institute of Foreign Trade, Delhi; and also as the Director of a Ministry of Finance/UNDP project on legal reforms.
India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion
India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.
The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.