Indian Economy News

India’s macroeconomy ready for faster growth: Economist Ashima Goyal

India’s macroeconomy ready for faster growth: Economist Ashima Goyal

New Delhi: Even though Reserve Bank of India (RBI) has slashed country’s GDP growth projection for the current financial year to 9.5 per cent from 10.5 per cent estimated earlier, noted economist Ashima Goyal believes that India’s macroeconomy is more healthy as she claimed on Sunday that it is ready for faster growth

FM Nirmala Sitharaman to meet heads of public sector banks on Aug 25

FM Nirmala Sitharaman to meet heads of public sector banks on Aug 25

New Delhi: Finance Minister Nirmala Sitharaman is scheduled to meet CEOs of public sector banks (PSBs) on August 25 to review financial performance of the lenders and progress made by them to support country’s economy battered by COVID-19 pandemic. Given the importance of the banking sector in generating demand and

RBI projects India’s GDP growth rate at 10.5% for FY22

RBI projects India’s GDP growth rate at 10.5% for FY22

New Delhi: The Reserve Bank of India (RBI) on Thursday projected India’s gross domestic product (GDP) rate at 10.5% for Financial Year 2022, though country’s economy is limping due to devastating Coronavirus pandemic. RBI’s Monetary Policy Committee had projected this estimate during the policy announcement in April. Last month, the

Indian economy is recovering from the impact of 2nd Covid wave: Govt

Indian economy is recovering from the impact of 2nd Covid wave: Govt

New Delhi: The Indian economy is coming back on track after facing the lows during the devastating second wave of covid-19 following government’s endless efforts such as fiscal relief, monetary policy measures, and a rapid vaccination drive, the finance ministry said on Friday. “Maintaining a rapid pace on vaccination and

PM Modi gets a piece of advice from Nobel prize-winning economist Paul Krugman

PM Modi gets a piece of advice from Nobel prize-winning economist Paul Krugman

New Delhi: Commenting on country’s elaborate system of licences and regulations, the Nobel prize-winning economist Paul Krugman on Monday said that India should not go back to the ‘licence raj’ regime and the country should have a deliberate policy for fostering industries. Addressing a virtual event organised by Ashoka University,