New Delhi, July 27 (IANS) The government has undertaken a range of measures to ensure availability of critical industrial inputs including energy, ease input cost pressures, facilitate trade, support industrial activity and safeguard macroeconomic stability in the wake of supply chain disruptions due to the West Asia crisis, the Parliament was informed on Monday.Temporary customs duty exemption was provided on selected petrochemical feedstock. Further, the Bharat Maritime Insurance Pool RELIEF (…
Latest GDP Growth News & Updates
New Delhi, July 26 (IANS) China’s GDP growth slowed to a mere 4.3 per cent in the second quarter this year due to declining domestic demand, reflecting the worsening structural imbalance in the export-dependent economy.“The main factor dragging down GDP growth was nosediving fixed-asset investment (FAI). Real estate investment dropped by 18.0 per cent, the largest contraction for a half-year on record. But FAI also fell in road building, education, healthcare, and construction. This suggests…
Mumbai, July 25 (IANS) The Indian equity benchmarks posted strong weekly loss, over global inflation fears and higher crude prices.Nifty lost 2.33 per cent during the week and dipped 0.43 per cent on the last trading day to reach 23,767. At close, Sensex was down 331 points, or 0.43 per cent, at 76,059. It lost 2.68 per cent during the week.”Inflationary fears intensified as the escalation of the West Asia conflict and the blockade at the Red Sea helped crude to cross the $100 per barrel mark. M…
New Delhi, July 10 (IANS) Pakistan’s economic growth is expected to slow in the current fiscal year as higher energy costs and pressure on foreign remittances weigh on the economy, the Asian Development Bank (ADB) said in its latest outlook, according to a report.A report published in Dawn said that the lender has revised down Pakistan’s GDP growth forecast for FY27 to 3.7 per cent from the 4.5 per cent projected in April, according to the Asian Development Outlook (ADO).The ADB cautioned that t…
New Delhi, July 8 (IANS) India and Tajikistan reaffirmed their commitment to strengthening bilateral economic ties during the 12th Meeting of the India-Tajikistan Joint Commission on Trade, Economic, Scientific and Technical Cooperation, held via video conference recently, according to an article. The Commission also reviewed potential collaboration across sectors including energy, hydropower, renewable energy, mining, critical minerals, textiles, digital economy, transport, logistics, and finan…
New Delhi, July 3 (IANS) Consumer goods and healthcare services are sectors with a positive outlook, with consumer goods sector expected to witness a revenue growth of 17.3 per cent CAGR in the 2025-2030 period, a report said on Friday.The report from Brickwork Ratings said the strong revenue growth of the consumer goods sector is driven by credit growth, GST cuts, unlocking of demand from Tier-II/Tier III cities, and premiumisation.Meanwhile, tailwinds for the healthcare services sector include…
New Delhi, July 2 (IANS) Prime Minister Narendra Modi said on Thursday that India has been transforming its economic DNA over the past 12 years by following the philosophy of ‘Kaizen’ — the Japanese principle of continuous improvement — as he pitched the country as an attractive destination for Japanese businesses and investors.Addressing the India-Japan Joint Economic Forum here, PM Modi noted that India is currently the world’s fastest-growing major economy, with GDP growth of 7.7 per cent i…
New Delhi, June 24 (IANS) India’s real gross domestic product growth will touch 6.6 per cent in FY27 amid energy stress, a sub‑par monsoon outlook and slowing global growth, a report said on Wednesday.The report from S&P Global Ratings said consumer inflation in India is expected to rise to 5.1 per cent this fiscal year as manufacturers pass higher energy costs to consumers. alongside recent increases in administered prices for petrol, diesel and cooking gas.The firm forecasted a policy …
New Delhi, June 23 (IANS) India needs 7 to 8 per cent growth to become Viksit Bharat by 2047, which needs more investment from the private sector as well as strong export growth, Mahendra Dev, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), said on Tuesday.Speaking to reporters on the sidelines of a FICCI India event here, he said that “private sector investment is equally important and also export growth important. Prime Minister Narendra Modi has mentioned about ‘…
New Delhi, June 21 (IANS) The Reserve Bank of India (RBI) is likely to maintain its wait-and-watch approach and keep the repo rate unchanged at 5.25 per cent in upcoming monetary policy meetings as easing geopolitical tensions reduce uncertainty and allow policymakers to focus on incoming economic data, according to a report.As per analysis by BofA Securities, the conclusion of the US-Iran peace agreement has eased a key source of global uncertainty, giving the central bank more room to remain d…