Economy
Business  India 

Resilience Amidst Uncertainty: Indian Economy Shows Mixed Signs, NCER Report Suggests

Resilience Amidst Uncertainty: Indian Economy Shows Mixed Signs, NCER Report Suggests New Delhi - Amidst ongoing global geopolitical uncertainties, the Indian economy continues to display resilience, though certain high-frequency indicators suggest a softening economic outlook. This was highlighted in the latest monthly economic review by the National Council of Applied Economic...
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Business  India 

Economy is in better condition, GDP will grow at 6.5 to 7% in 2024-25

Economy is in better condition, GDP will grow at 6.5 to 7% in 2024-25 New Delhi, July 22 (HS): Union Finance Minister Nirmala Sitharaman on Monday presented the Economic Survey of the financial year 2023-24 in the Lok Sabha. Presenting the Economic Survey, Sitharaman said that the condition of the Indian economy is better...
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Business  India 

Nirmala Sitharaman Highlights Rapid Growth, Expects India to Become 3rd Largest Economy Soon

Nirmala Sitharaman Highlights Rapid Growth, Expects India to Become 3rd Largest Economy Soon Union Finance Minister Nirmala Sitharaman lauded the rapid economic growth of India under the leadership of Prime Minister Narendra Modi. Speaking at the Vikas Bharat Ambassador Campus Dialogue at the Gandhi Institute of Technology and Management (GITAM) University in Visakhapatnam,...
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Business  International 

Japan loses its position as the world's third-largest economy to Germany

Japan loses its position as the world's third-largest economy to Germany New Delhi, Feb 15 (IANS) Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says Deepak Jasani, Head of Retail Research, HDFC Securities. Japan's nominal GDP totalled $4.2 trillion last year,...
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Business  India 

Indian economy transformed from 'fragile five' to 'top five': White Paper

Indian economy transformed from 'fragile five' to 'top five': White Paper New Delhi, feb 8 (IANS) Comparing the performance of the 10-year rule of the Narendra Modi government with that of the erstwhile UPA regime, the White Paper on Indian Economy tabled in the Lok Sabha by Finance Minister Nirmala Sitharaman...
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Business  India 

India’s growth rate to stay strong, current account deficit to dip: IMF report

India’s growth rate to stay strong, current account deficit to dip: IMF report New Delhi, Dec 19 (IANS) India’s economic growth rate is expected to remain strong, supported by macroeconomic and financial stability, according to an International Monetary Fund (IMF) assessment report released on Tuesday. “Going forward, the country’s foundational digital public infrastructure...
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Business  India 

India could be world’s 3rd largest economy by 2027 with nominal GDP of $5tn

India could be world’s 3rd largest economy by 2027 with nominal GDP of $5tn New Delhi, Nov 6 (IANS) India’s importance as a global growth driver will increase with its share of world growth contribution rising from 10 per cent in 2021 to 15 per cent in 2022, and further to 17 per cent...
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Business 

Empowering India’s Digital Economy: HaodaPay’s Contribution to a Cashless Nation

Empowering India’s Digital Economy: HaodaPay’s Contribution to a Cashless Nation New Delhi (India), August 3: In an era where digital transactions are gaining momentum, HaodaPay, in association with Axis Bank, presents the Bharat Bill Payments System (BBPS), a revolutionary government product by the National Payments Corporation of India (NPCI)....
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Business  India 

India to surpass US to become world's 2nd largest economy by 2075: Report

India to surpass US to become world's 2nd largest economy by 2075: Report New Delhi, July 10 (IANS) India will have the world's second-largest economy by 2075, surpassing not only Japan and Germany but also the US, a new report has said. According to investment bank Goldman Sachs, as India's population of 1.4...
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Business 

Strength of domestic demand works for economy, India poised to sustain growth momentum: Economic Review

Strength of domestic demand works for economy, India poised to sustain growth momentum: Economic Review New Delhi, July 6 (IANS) The country’s impressive growth experienced in 2022-23, when the world economy was rocked by inflation and restrained by monetary tightening, is a narrative on what works for the Indian economy, and what clearly works is...
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India 

Indian economy on rise with growing employment, spike in manufacturing: PM Modi

Indian economy on rise with growing employment, spike in manufacturing: PM Modi New Delhi, June 13 (IANS) Prime Minister Narendra Modi on Tuesday said that the Indian economy is on a rise being fuelled by a spike in manufacturing activity and growing employment despite the growing geopolitical tensions. Addressing the newly recruits...
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Business  International 

Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says

Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says London, April 11 (IANS) Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast, BBC reported. The International Monetary Fund (IMF) said increases in borrowing costs are...
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