Indian Economy Slowdown
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Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
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India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
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Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
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Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
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"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
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Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
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''Karo-Na Virus'' Has Plagued BJP Government: Congress On GDP Numbers
Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.
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It Is Politics: Ex-RBI Governor Raghuram Rajan On India's Falling GDP
Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.
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Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
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Demonetisation, GST Would Make Economy More Robust: Venkaiah Naidu
The Indian economy would rebound in the future and the current slowdown was cyclical, Vice-President M Venkaiah Naidu said at the 102nd annual conference of the Indian Economic Association today.
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"Maybe Even 4.5% Growth A Rosier Picture," Arvind Subramanian Tells Prannoy Roy: Full Transcript
Former Chief Economic Adviser to the Government of India, Arvind Subramanian, spoke to Dr Prannoy Roy on the state of economy in an exclusive interview, saying the government's figures of GDP growth - 4.5 percent - could be a "rosier picture than the underlying reality." Mr Subramanian further said the economic downturn the Indian economy is facing...
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Global Economic Slowdown Affected India To "Some Extent": Rajnath Singh
Defence Minister Rajnath Singh has said that India is impacted to some extent by the global economic slowdown but expressed confidence that the country will come out of the difficult situation within a short time.
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India Cannot Achieve $5 Trillion Economy With Automotive Industry Slowdown: Pawan Goenka
The Indian auto sector continues to soldier amidst the trying times and sales are far from seeing a steady revival for automakers. The auto industry is also one of the largest contributors to the country's manufacturing GDP and the slowdown is certainly hurting India's economic growth too. Speaking on the same, Pawan Goenka - Managing Director, Mah...
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Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday.
-
India To Grow At 6.7% From 2024, Become 6.7-Trillion Economy By 2030: Rating Agency
Standard & Poor, however, warned that a global slowdown and lagged effect of a policy rate hike by RBI could slow down growth to 6% in the current fiscal.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
How Singapore's Job Slowdown May Impact Non-Resident Indians There
Last week, Singapore reported some weak economic numbers raising fears of a recession. Annual exports fell for the eighth consecutive month while total employment expanded at a slower rate, retrenchments rose, and job vacancies shrank for the fourth
-
Xiaomi Reports Record Drop in Q4 Revenue, Loses Indian Smartphone Market in Higher-End Devices to Samsung
Chinese smartphone maker Xiaomi on Friday reported a record drop in fourth-quarter revenue as the company weathered a slowdown in consumption and disruptions due to China's COVID-19 curbs. Early signs suggest China's economy will only rebound slowly, as consumers remain cautious about spending money despite an easing of restrictions on domestic and...
-
Opinion: How Safe Is India's Economy? What's Working - And What Isn't
It's not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven't been this high in 10 years. Loan demand is growing so fast t
-
"Not Just A Financial Package, But Reform Stimulus": Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, in a series of tweets on the Rs 20 lakh crore package announced by Prime Minister Narendra Modi to tackle the economic impact of coronavirus, called it not just a financial package but a "reform stimulus and a mindset overhaul".
-
Coronavirus Impact On Trade In India Estimated At $348 Million: UN
The trade impact of the coronavirus epidemic for India is estimated to be about $ 348 million and the country figures among the top 15 economies most affected as slowdown of manufacturing in China disrupts world trade, according to a United Nations report.
-
''Karo-Na Virus'' Has Plagued BJP Government: Congress On GDP Numbers
Referring to the economic slowdown, the Congress on Friday said the government's functioning has been affected by the "karo-na (don't do anything) virus", asserting that the Centre continues to function in an "ostrich-like" mode despite all economic indicators spiralling downward.
-
It Is Politics: Ex-RBI Governor Raghuram Rajan On India's Falling GDP
Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.
-
Indian Economy Faced Abrupt Slowdown In 2019, But Far From Recession: IMF
The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.
-
Demonetisation, GST Would Make Economy More Robust: Venkaiah Naidu
The Indian economy would rebound in the future and the current slowdown was cyclical, Vice-President M Venkaiah Naidu said at the 102nd annual conference of the Indian Economic Association today.
-
"Maybe Even 4.5% Growth A Rosier Picture," Arvind Subramanian Tells Prannoy Roy: Full Transcript
Former Chief Economic Adviser to the Government of India, Arvind Subramanian, spoke to Dr Prannoy Roy on the state of economy in an exclusive interview, saying the government's figures of GDP growth - 4.5 percent - could be a "rosier picture than the underlying reality." Mr Subramanian further said the economic downturn the Indian economy is facing...
-
Global Economic Slowdown Affected India To "Some Extent": Rajnath Singh
Defence Minister Rajnath Singh has said that India is impacted to some extent by the global economic slowdown but expressed confidence that the country will come out of the difficult situation within a short time.
-
India Cannot Achieve $5 Trillion Economy With Automotive Industry Slowdown: Pawan Goenka
The Indian auto sector continues to soldier amidst the trying times and sales are far from seeing a steady revival for automakers. The auto industry is also one of the largest contributors to the country's manufacturing GDP and the slowdown is certainly hurting India's economic growth too. Speaking on the same, Pawan Goenka - Managing Director, Mah...
