Trends - indian economy - Business Recorder

Markets

India to allow duty free imports of sunoil, soyoil until June

MUMBAI: India on Thursday clarified that duty-free imports of soyoil and sunflower oil shipped before March 31 would...

Published 11 May, 2023 01:46pm

World

India working to rein in inflation

NEW DELHI: Inflation in India is slightly above the “tolerance limit”, and the government is taking steps to...

Published 06 May, 2023 02:03pm

Markets

India says risks weigh on FY24 growth forecast, but macros stable

NEW DELHI: There are risks to India achieving its real growth forecast of 6.5% for the financial year that started...

Published 25 Apr, 2023 12:08pm

World

India’s migrant millions: Caught between jobless villages and city hazards

NEW DELHI/JAUNPUR: As he crosses the mud houses and wheat fields around his village to catch a train to distant...

Published 18 Apr, 2023 06:20pm

World

IMF trims India’s growth forecast to 5.9% for current fiscal year

NEW DELHI: The International Monetary Fund (IMF) said on Tuesday that it expects India’s economy to grow 5.9% in the...

Published 11 Apr, 2023 07:48pm

Business & Finance

World Bank lowers India current fiscal year growth forecast to 6.3pc

NEW DELHI: The World Bank on Tuesday lowered its forecast for India’s economic growth in the current fiscal year...

Published 10 Apr, 2023 06:45am

World

Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect

SINGAPORE/NEW DELHI: India faces a high risk of nighttime power cuts this summer and in coming years, as delays in...

Published 08 Mar, 2023 06:28pm

Business & Finance

Weak global demand, rate hikes may curtail India growth

NEW DELHI: Weak global demand and monetary tightening by the Indian central bank could further drag down economic...

Published 06 Mar, 2023 07:38am

World

India to see challenges in meeting fiscal glide path: Fitch analyst

MUMBAI: India’s outlined fiscal deficit target of 4.5% of GDP for 2025-26 will be challenging to achieve, an analyst...

Published 01 Feb, 2023 04:58pm

World

India could see some risks to FY26 fiscal deficit target: Moody’s analyst

MUMBAI: The Indian federal government’s aim to achieve a fiscal deficit target of 4.5% of gross domestic product...

Published 01 Feb, 2023 04:44pm

World

India planning rate changes in new income tax structure

India is considering lowering rates under its voluntary income tax framework and could introduce revised slabs in...

Published 17 Jan, 2023 12:17pm

World

Indian economic growth to slow to 7pc in 2022/23, perdiets govt

NEW DELHI: India’s government expects economic growth to slow in the financial year ending March, as...

Published 09 Jan, 2023 07:20am

World

Fitch affirms India at ‘BBB-’ with stable outlook

NEW DELHI: Fitch Ratings on Tuesday affirmed India’s ratings at ‘BBB-’ with a stable outlook. Fitch said it expects...

Published 20 Dec, 2022 08:47pm

Business & Finance

India’s industrial output drops to 26-month low as rate hike hits demand

NEW DELHI: India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after...

Published 13 Dec, 2022 07:40am

World

India economy likely to grow 6.5%-7% next fiscal year

NEW DELHI: The Indian economy is likely to grow 6.5% to 7% next fiscal year if the global environment does not...

Updated 01 Dec, 2022 05:53pm

Business & Finance

India’s economy likely slowed to annual 6.2% in July-Sept

BENGALURU: The Indian economy likely returned to a more normal 6.2% annual growth rate in July-September after...

Published 28 Nov, 2022 11:39am

World

India’s growth to slow in 2023 on fading reopening impact: Goldman Sachs

MUMBAI: Goldman Sachs expects India’s economic growth to slow to 5.9% next year, from an estimated 6.9% growth in...

Published 21 Nov, 2022 12:14pm

Markets

India should allow gradual rupee weakening, use fx reserves ‘judiciously’

NEW DELHI: India’s central bank should allow rupee to depreciate gradually and use foreign exchange reserves...

Published 07 Nov, 2022 06:25pm

World

World Bank cuts India’s growth forecast to 6.5% as region takes a hit

NEW DELHI: The World Bank trimmed India’s growth forecast for this financial year by a full percentage point on...

Updated 06 Oct, 2022 07:16pm

World

India could grow at 7% annually this decade: chief economic adviser

NEW DELHI: India should be able to grow at about 7% annually this decade as investment spending is expected to rise...

Published 13 Sep, 2022 05:01pm

World

India GDP surges 13.5% on pandemic rebound, despite headwinds

MUMBAI: A post-pandemic rebound saw India’s economy grow 13.5 percent in the June quarter, official figures showed...

Published 31 Aug, 2022 05:49pm

Business & Finance

Indian inflation still elevated, may warrant policy response

MUMBAI: Inflation in India may still require a monetary policy response going forward as it remains above the target...

Published 18 Aug, 2022 06:32pm

World

India to surpass China as most populous country in 2023: UN report

NEW DELHI: India is set to surpass China as the world’s most populous country in 2023, with each counting more than...

Published 11 Jul, 2022 06:02pm

Markets

Indian rupee hits record low on current account deficit concerns

MUMBAI: The Indian rupee hit a record low against the U.S. dollar on Tuesday as concerns of a wider current account...

Published 05 Jul, 2022 04:53pm

Business & Finance

Indian economy loses pace in Dec quarter, Ukraine clouds outlook

NEW DELHI: India’s economy lost momentum in the final quarter of 2021, with growth slowing from previous two...

Published 01 Mar, 2022 05:34am

Business & Finance

Indian economy loses pace in Dec quarter, Ukraine clouds outlook

NEW DELHI: India's economy lost momentum in the final quarter of 2021, with growth slowing from previous two...

Published 28 Feb, 2022 08:04pm

World

India goes on a spending spree to boost growth, stokes concern over fiscal deficit

NEW DELHI: India's government will step up spending to 39.45 trillion rupees ($529.7 billion) in the coming fiscal...

Published 01 Feb, 2022 06:09pm

Business & Finance

Investors turn long on India’s rupee after 4 months; rupiah short bets cut

BENGALURU: Investors switched to long positions on India’s rupee for the first time since September, on hopes that...

Published 17 Jan, 2022 07:17am

Business & Finance

India reports 8.4% quarterly growth on pandemic recovery

MUMBAI: India's economy has recovered to its pre-pandemic size, official data showed Tuesday, boosted by a...

Updated 30 Nov, 2021 08:25pm

Business & Finance

India needs more big banks the size of largest lender SBI

MUMBAI: India needs at least four or five banks of a size matching its biggest lender, the State Bank of India, to...

Published 27 Sep, 2021 05:51am