- feeds
- popular
- recent
- reader
- about
- story
- technologies
- what is rss
- connect
- dmca
- contact
- Feed Preview Economy news, Latest Economic News, GDP, World Economy, Indian Economy | The Hindu
Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern
Recent data show that personal income tax collections have increased, while collections from corporate taxes have reduced
Central Europe's rate-setters have pause for thought
Central Europe faces inflation rebound risks amid currency vulnerabilities and cautious rate easing approach by central banks
After nod for Gujarat onion exports, Centre seeks to soothe Maharashtra farmers
Amid Opposition criticism, Consumer Affairs Ministry says 99,150 tonnes of exports have been allowed
China's share in India's industrial goods imports jump to 30% from 21% in last 15 years: GTRI
The Indian government and industries must evaluate and potentially recalibrate their import strategies, fostering more diversified and resilient supply chains, GTRI founder Ajay Srivastava said
Centre allows 99.5k tons of onion exports to 6 neighbouring nations
Centre allows export of 99,500 tonnes of onions from Maharashtra to six countries despite domestic ban
Cuba’s cash crunch leads to long lines and growing frustration
Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM
Centre allows export of 2,000 tonnes of onions
Gujarat is the predominant producer and exporter of white onions in the country, with Bhavnagar and Amreli — which go to the polls on May 7 — accounting for a large part of the produce; shipm...
Resilient economy, price stability to support India's promising growth story: FinMin report
Global slowdown led to a moderation in India's merchandise exports and imports, the report said adding that the slowing of trade has resulted in the merchandise trade deficit narrowing in FY2023-...
As India develops, problem of high food inflation will get less severe: RBI MPC member Ashima Goyal
As the weight of food in consumption falls and food consumption itself becomes more diversified, the impact and size of future food price shocks falls, she noted
Extreme weather may pose risk to inflation, says RBI Bulletin
The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after averaging 5.1% in the preceding two months
Combined manufacturing, services output rose at the fastest pace in nearly 14 years: Flash PMI data
Export orders reckoned to have clocked their highest uptick in 115 months, while combined output growth in surveyed Manufacturing and Services firms hit a ‘nearly’ 14-year high
Congress says will move Supreme Court if EC does not act on complaint against Modi
It matters that the EC makes a decision on the issue, the lack of which is ‘certainly actionable and justiceable’, says Abhishek Singhvi
Pakistan hopes to get new IMF loan by early July: Finance Minister
Pakistan's current $3 billion arrangement with the IMF runs out in late-April
China's Q1 fiscal revenue falls as tax cut policies weigh
China’s fiscal revenue falls in Q1 due to tax cuts, property downturn, but growth seen in certain industries
U.S. consumers on lower incomes face loan stress while banks pull back
U.S. borrowers on lower incomes struggle with loan payments as banks tighten credit amid rising delinquencies
On the fall in household savings
The sharp reduction in household net financial savings, which has been at the heart of recent debates, and the rise in household debt burden are a cause for concern for growth and economic stabil...
https://www.thehindu.com/business/Economy/on-the-fall-in-household-savings/article68092017.ece
Net direct tax collections exceed 2023-24 target
Corporate tax receipts’ share slipped to 46.5% from 49.6% in 2022-23; personal income tax and securities transaction tax receipts grew at over double the pace of corporate taxes last year, say ...
What is the outlook on the global economy? | Explained
What are the risks and vulnerabilities the International Monetary Fund has warned about in its latest financial stability report? Is the threat of a global recession waning? Is the American econo...
Debt, fiscal challenges facing low-income countries worry IMF
IMF chief Kristalina Georgieva said the the body is working on ways to support low-income countries hit hardest by high debt levels
‘Conditions not yet in place for any let-up in restrictive monetary stance’
Downward pressure on inflation must be maintained until a better balance of risks becomes evident, MPC minutes cite RBI’s Patra as having observed in the latest policy meeting
Room for optimism: review of Akshat Rathi’s Climate Capitalism
How capitalist economies can reform and be serious about tackling climate change
Why have private investments dropped? | Explained
What is private Gross Fixed Capital Formation? When did private investments pick up in India? Will strong consumption spending increase private sector confidence? How do government policies affec...
NSE to launch derivatives on Nifty Next 50 index from April 24
The exchange will offer three serial monthly index futures and index options contract cycles
India must invest more in education, health to capitalise on demographic dividend: IMF
If India wants to benefit from population being added to the labour force, it has to prioritise substantially higher spending on both education and health, says Krishna Srinivasan, who directs th...
Election-bound Tamil Nadu among top States in many socio-economic measures: Data
The State has recorded holistic development with its economic might translating to better educational and health-related outcomes
Climate change could cut global income by 19% in 25 years, finds study
Countries least responsible for climate change and having minimum resources to adapt to impacts are expected to suffer the most
India's power consumption rises nearly 10% to 70.66 billion units in first half of April
The ministry has projected a peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration
Indian economy projected to grow 6.5% in 2024: UNCTAD
The report also noted the increasing focus by multinationals on India as a manufacturing base as they diversify their supply chains, a reference to China
New private investments dropped over 15% in 2023-24; States led capex growth
Value of new investment projects dipped 5% to ₹35.22 lakh crore, with fresh manufacturing outlays down 40%
India's crude oil import bill falls, but import dependency hits new high
India imported 232.5 million tonnes of crude oil; import dependence on crude oil increased to 87.7% in 2023-24
Congress’ economic agenda seeks to derail India’s economic growth trajectory: Milind Deora
Congress is moving away from its own legacy, Milind Deora said.
India not reaping benefits of demographic dividend: Raghuram Rajan
Former RBI governor Raghuram Rajan was critical of India spending billions of dollars on chip manufacturing
Why has India allowed FIIs to invest in its green bonds? | Explained
What are Sovereign Green Bonds? How will investments by Foreign Institutional Investors in green government securities accelerate India’s transition to a green economy?
IMF forecasts India’s economy to grow 6.8% this fiscal year
World economy is ‘remarkably resilient ‘ but challenges remain, multilateral lender says in its ‘World Economic Outlook April 2024’
TEPA’s IP encroachment: A new barrier to indigenous innovation
The new approach to intellectual property and investment through FTAs accepts an IP maximalist agenda of the United States Trade Representative; it threatens to upset the fine balance between pub...
Govt rules out permitting sugar exports this season
Currently, there are curbs on export of sugar for an indefinite period
Wholesale price inflation rises to three-month high of 0.53% in March
Global spikes in oil and commodity prices, and heat waves in India could elevate inflation pace in this quarter
Inflation drops to 10-month low in March, but no relief on food bills yet
However, the price rise in cereals spiked to 8.4% in March from 7.6% in the previous month, and rose to 6.4% for meat and fish, from 5.2% a month earlier
India's GDP to grow 6.1% in 2024: Moody's Analytics
Moody’s said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply snags to military conflicts abroad.
ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year
Retail inflation to ease to 4.6% this year, food inflation to cool to 5.7% if farm output returns to usual with a normal monsoon, says ADB; revival expected in rural consumption, but exports and ...
ADB raises India's GDP growth forecast for FY25 to 7% on robust investment, consumer demand
Inflation will continue its downward trend in tandem with global trends, says the ADB report on India’s growth forecast.
Lokniti-CSDS 2024 pre-poll survey | Jobs, inflation key issues in 2024 Lok Sabha elections
Muslims, Dalits and Adivasis are most concerned about these issues; nearly two thirds of those surveyed (62%), with the highest among cities (65%), across localities expressed that getting jobs h...
CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign
The coming Lok Sabha election is framed as a contest between competing narratives, with political parties vying to convince voters of their ability to effectively address economic uncertainties;...
CSDS-Lokniti 2024 pre-poll survey | Issues that are likely to dominate the Lok Sabha election
Unemployment, price rise, and development are the top three issues; neither corruption nor Ram Mandir mentioned by voters as their most important concerns
CSDS-Lokniti pre-poll survey | In search of a dignified economic life
Over 60% of respondents assert that getting a job has become much more difficult now and 71% of respondents claim that prices have increased considerably in the last five years
CSDS-Lokniti 2024 pre-poll survey | Acche din? or Acche din!: citizens’ mixed views on progress and promises
Nearly half the respondents agreed that their life had become ‘better’ over the last five years while a little over one-third of respondents said that their condition had become comparatively...
On unemployment in Indian States
This analysis looks at unemployment in the major States of India — excluding the Union Territories —among individuals aged 15 and above, utilising data from the Periodic Labour Force Survey (...
https://www.thehindu.com/news/national/on-unemployment-in-indian-states/article68051708.ece
At least 20 firms bought electoral bonds within 3 years of incorporation, a punishable offence: Data
The law banning firms within three years of incorporation to make political contributions was applicable for electoral bond donations as well
Global aviation struggles with lack of planes as summer travel set to hit record levels; leasing market booms in the U.S.
An analysis by travel portal ixigo showed that spot fares on certain routes jumped up to 39% during the April 1-7 period compared to March 1-7 period
Governor Das for greater participation of banks in rupee derivatives in India, abroad
The Governor noted that participation of domestic banks in derivative markets remains limited with only a small set of active market-makers
Households’ debt surged to fresh high by December 2023: report
The debt levels are reckoned to have touched an all-time high of 40% of GDP by December 2023, while net financial savings had likely dropped to their lowest level at around 5% of GDP
Lok Sabha polls | For MSMEs, GST is a concern that parties must address this election season
GST slabs have paralysed many of these units as ‘MSMEs do not have the resources or understanding of GST mainly because most of these units are run by a single person’
Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
Vijay Kelkar attributes frauds in indirect tax regime to high GST rates; moots switch to single 12% rate like most other countries; says GST Council secretariat must be independent, not attached ...
What is the outlook on women’s employment? | Explained
What does the India Employment Report, 2024 state about key labour market indicators? Why is women’s participation in the labour force low? What are the recommendations to bring about a change...
RBI to enable UPI for cash deposit facility, to allow foreign investors in IFSC to invest in Sovereign Green Bonds
The Governor said operational instructions on enabling UPI for cash deposit facility will be issued shortly
8% growth projection for India not ours: IMF
IMF spokesperson said that the views of the Executive Director “were in his role as India’s representative at the IMF”
Food inflation keeps RBI worried
"A record rabi wheat production would help temper price pressure and replenish the buffer stocks. Moreover, early indication of a normal monsoon augurs well for the kharif season," RBI said.
RBI to allow foreign investors in IFSC to invest in Sovereign Green Bonds
At present, foreign portfolio investors registered with SEBI are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities.
RBI Monetary Policy | Soon, deposit cash using UPI
The RBI has also proposed to permit linking of Prepaid Payment Instruments (PPIs) through third-party UPI applications to provide more flexibility to users.
RBI Monetary Policy updates | Policy repo rate unchanged at 6.5%; real GDP growth for FY25 projected at 7%
RBI holds repo rate at 6.5% for 7th consecutive time; CPI inflation for FY25 has been projected at 4.5%;
RBI Monetary Policy | MPC holds rate at 6.5% to tame inflation, FY25 real GDP growth projected at 7%, CPI inflation at 4.5%
The committee has projected real GDP growth for FY25 at 7%
https://www.thehindu.com/business/Economy/rbi-keeps-policy-rate-unchanged-at-65/article68031289.ece
Services activity hit 13.5 year high in March: HSBC PMI
Hiring picks up at fastest pace since last August while new export orders grew at highest pace since 2014; business sentiment, however, slips to four-month low.
Tamil Nadu tops in electronics exports, by sending smartphones made in Kancheepuram to the U.S.: Data
In the last two fiscal years, close to 40% of India’s smartphones were sent from just one district — Kancheepuram
World Bank projects Indian economy to grow at 7.5% in 2024
According to the report, South Asia is expected to remain the fastest-growing region in the world for the next two years, with growth projected to be 6.1% in 2025
India's sunflower oil, soy oil imports up as palm oil imports fall
The higher sunflower oil and soyoil imports lifted India's total edible oil imports in March to the highest level in six months at 1.149 million tons, up 18.7% from a month earlier
March manufacturing PMI survey signals a 16-year peak
Survey-based index shows new order and output recorded fastest rise in 42 months, but confidence levels about year-ahead prospects slumped to four-month low
March sees second-highest gross GST revenue of ₹1.78 lakh crore, lifts FY24 collections to ₹20.2 lakh crore
Gross revenues from domestic transactions grew 17.6% in March, compared with a 13.9% rise in February. While the Finance Ministry did not share the growth trajectory for revenues from goods impor...
India’s hydropower output records steepest fall in nearly four decades
Hydropower's share in India's total power output fell to a record low of 8.3% during the fiscal year ended March 31, government data shows
RBI 90 years ceremony | PM Modi calls for greater economic self-reliance, making rupee more acceptable, accessible globally
PM Modi was addressing the opening ceremony of the 90th anniversary celebrations of the Reserve Bank of India (RBI) in Mumbai
Now, GST probe into big corporates, major MNCs needs a ‘written approval’
Each investigation relating to big industrial houses and major multinational corporations must be initiated only after the approval of the Principal Commissioner, say new guidelines.
Telangana to raise ₹16,000 crore market borrowings in the first quarter of FY 2024-25
RBI releases schedule of borrowings in indicative calendar
Why is unemployment high among the youth? | Explained
What has the India Employment Report 2024, prepared by the Institute for Human Development and the International Labour Organization, found? Why are educated youth also not getting jobs? Why is w...
India's forex reserves rise by $140 million to hit fresh peak of $642.63 billion
Gold reserves increased by $347 million to $51.487 billion during the week, the RBI said.
Priyanka Gandhi slams govt over 'rising debt'
Why is the BJP government drowning the people in debt when instead of providing relief to them, the burden of unemployment, inflation and economic crisis kept on increasing in the last 10 years, ...
Economist underlines snail-paced growth of India’s per capita GDP
Maitreesh Ghatak of London School of Economics used extensive data to show the growth of inequality in the country after liberalisation
Pre-poll spending spike lifts fiscal deficit to 86.5% by February
In absolute value terms, the deficit hit ₹15 lakh crore in the first eleven months of 2023-24, from just ₹11 lakh crore at the end of January
Core sector output growth spurts to 6.7% in February
Core sectors’ output growth was led by double-digit upticks in coal, natural gas and cement.
Nirmala Sitharaman and Jairam Ramesh spar over Atal Pension Yojana
Finance Minister defends the pension scheme against Congress general secretary’s criticism that it is coercive
Employment scenario in India grim, says ILO report
Unemployment rate and other key labour data showed a long-term deterioration between 2000 and 2018
S&P ups India growth forecast to 6.8% for FY'25
S&P raises India’s growth forecast to 6.8% for next fiscal year, but warns of restrictive interest rates
Wages of Indian workers have remained almost same in last 10 years: Data
A report by Bahutva Karnataka shows that the share of self-employed workers increased, while the share of those in formal employment remained low
Pakistan to ‘seriously examine’ restarting trade with India: Foreign Minister
Amritsar traders welcome move; Jaishankar says India in ‘no mood’ to overlook terror
Top 1% Indians’ share in national income is higher now than under British-rule: Data
Post-liberalisation, the income share of the top 10% skyrocketed, with that of middle 40% and bottom 50% steadily falling
Real GDP growth may hit 8% this fiscal year, signals FinMin
Finance Ministry reckons continuing momentum in Q4 may lift year’s growth pace above NSO’s 7.6% estimate; sees bright outlook for next year despite risks from ‘hardening oil prices’, ‘g...
India's outlook for next fiscal positive: Finance Ministry
India grew above 8% for three consecutive quarters, reaffirming its position as a standout performer amid sluggish global growth trends
Prime Minister hails startup growth in India
Modi was speaking at the Startup Mahakhumb event in the capital
Norway will invest half of $100 billion under EFTA: Norwegian envoy May-Elin Stener
India has signed a trade pact with EFTA countries — Switzerland, Norway, Iceland, and Liechtenstein — aiming to attract $100 billion and to create one million jobs in 15 years in exchange for...