High Growth Rate
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RBI Keeps Key Lending Rate Unchanged, Growth Target Lowered To 6.6%
The Reserve Bank of India (RBI) has kept its key lending rate unchanged for the 11th consecutive time citing high inflation, but lowered sharply the growth target for the current financial year.
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Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
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Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
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India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
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Narayana Murthy Warns About Impact Of India's "High Population Growth"
Infosys Co-founder Narayana Murthy today warned about the consequences of India's high population growth rate and said the country did not put population control on the "front burner" since mid-70s.
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China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
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Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
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New Technique Allows Researchers to Assess Life Cycle of Supermassive Black Holes
Supermassive black holes are a mysterious celestial phenomenon that have fascinated space enthusiasts and scientists alike for years. Researchers from Dartmouth College have conducted a study that analyses the light from supermassive black holes to better understand the life cycles of these supermassuve black holes.
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Microsoft President Brad Smith Sees Labour Force Decline Amid Pressure on High Salaries
Microsoft President Brad Smith says the US companies are facing a "new era", when there are fewer people entering the workforce, but the pressure to pay higher salaries may become permanent. He states major markets overseas have seen outright labour force declines.
-
Two-Wheeler Insurance Premium Hike To Dent Recovery Process: TVS CEO
In addition to challenges due to the pandemic, the ongoing semiconductor chip shortage, high raw material cost and increasing fuel prices have impacted demand.
-
IMF Says India's High Growth Rate Positive For World
A high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world, Managing Director of the International Monetary Fund Kristalina Georgieva has said.
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Dollar At 16-Month High After Robust US Retail Sales Data
The dollar rose to a 16-month high, while the euro slumped amid growth concerns and a surge in COVID-19 cases in Europe.
-
Surat Now Better Placed To Defeat Covid: Gujarat Government Tells High Court
Surat is better positioned now to defeat the coronavirus pandemic than last month as reflected in encouraging signs like drop in growth rate of new cases, doubling rate and deaths besides more testing, the state government told the Gujarat High Court on Monday.
-
IMF's Economic Report Says India's Growth Rate Didn't Match Increase In Jobs
The International Monetary Fund or IMF has said that India's high growth rate in recent years did not lead to a matching increase in formal sector jobs and labour market participation has declined.
-
Auto Industry May Further Cut Production: Report
After denting the auto sector's profitability, the consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job losses. Industry insiders point out that slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the ...
-
RBI Keeps Key Lending Rate Unchanged, Growth Target Lowered To 6.6%
The Reserve Bank of India (RBI) has kept its key lending rate unchanged for the 11th consecutive time citing high inflation, but lowered sharply the growth target for the current financial year.
-
Factors That Point To Strong GDP Growth In Coming Quarters: 10 Points
India's real gross domestic product growth rate is at a strong 6.7 per cent despite a high base effect of the last few years, according to officials. Manufacturing grew 7 per cent as against 5 per cent last year; construction saw 8.6 per cent growth.
-
Employment Growth Rate In India Was 6% Last Year, Says RBI
The Reserve Bank Of India said on Monday that India added 46.7 million jobs in the fiscal year ended March, far exceeding numbers in private surveys that point to high unemployment rates.
-
India To See Higher Consumer Spending With Ease In Inflation: Rating Agency Fitch
Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.
-
Narayana Murthy Warns About Impact Of India's "High Population Growth"
Infosys Co-founder Narayana Murthy today warned about the consequences of India's high population growth rate and said the country did not put population control on the "front burner" since mid-70s.
-
China Youth Unemployment Rises To Record 20.8% In May
China on Thursday reported a series of weak economic indicators, with youth unemployment hitting a record high for the second consecutive month as the economy's post-Covid growth spurt fades.
-
Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
-
New Technique Allows Researchers to Assess Life Cycle of Supermassive Black Holes
Supermassive black holes are a mysterious celestial phenomenon that have fascinated space enthusiasts and scientists alike for years. Researchers from Dartmouth College have conducted a study that analyses the light from supermassive black holes to better understand the life cycles of these supermassuve black holes.
-
Microsoft President Brad Smith Sees Labour Force Decline Amid Pressure on High Salaries
Microsoft President Brad Smith says the US companies are facing a "new era", when there are fewer people entering the workforce, but the pressure to pay higher salaries may become permanent. He states major markets overseas have seen outright labour force declines.
-
Two-Wheeler Insurance Premium Hike To Dent Recovery Process: TVS CEO
In addition to challenges due to the pandemic, the ongoing semiconductor chip shortage, high raw material cost and increasing fuel prices have impacted demand.
-
IMF Says India's High Growth Rate Positive For World
A high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world, Managing Director of the International Monetary Fund Kristalina Georgieva has said.
-
Dollar At 16-Month High After Robust US Retail Sales Data
The dollar rose to a 16-month high, while the euro slumped amid growth concerns and a surge in COVID-19 cases in Europe.
-
Surat Now Better Placed To Defeat Covid: Gujarat Government Tells High Court
Surat is better positioned now to defeat the coronavirus pandemic than last month as reflected in encouraging signs like drop in growth rate of new cases, doubling rate and deaths besides more testing, the state government told the Gujarat High Court on Monday.
-
IMF's Economic Report Says India's Growth Rate Didn't Match Increase In Jobs
The International Monetary Fund or IMF has said that India's high growth rate in recent years did not lead to a matching increase in formal sector jobs and labour market participation has declined.
-
Auto Industry May Further Cut Production: Report
After denting the auto sector's profitability, the consumption slowdown along with the upcoming shift to BS VI standards will further decelerate production, leading to eventual job losses. Industry insiders point out that slowdown, which is a culmination of high GST tax rates, farm distress, stagnant wages and liquidity constraints, has led to the ...
