Economy

India To Overtake Japan As Asia's 2nd Largest Economy By 2030: Report

India To Overtake Japan As Asia's 2nd Largest Economy By 2030: Report

Press Trust of India | Friday January 07, 2022, New Delhi

"India's nominal GDP measured in USD terms is forecast to rise from $2.7 trillion in 2021 to $8.4 trillion by 2030," IHS Markit Ltd said.

Economy Estimated To Grow At 9.2% In 2021-22: Government Data

Economy Estimated To Grow At 9.2% In 2021-22: Government Data

Edited by Nikita Prasad (With inputs from Agencies) | Friday January 07, 2022

Economy is estimated to grow at 9.2 per cent in 2021-22, as against a contraction of 7.3 per cent in the previous fiscal, due to improvement in agriculture and manufacturing sectors

Omicron To Impact 2021-22 Growth By 0.1%: Report

Omicron To Impact 2021-22 Growth By 0.1%: Report

Edited by Animesh Singh | Thursday January 06, 2022, Mumbai

Omicron variant of Coronavirus will hit GDP for March quarter of 2021-22 by 0.40 per cent and cut 0.10 per cent from the overall growth of the fiscal

Government May Cut Fiscal Deficit Target Amid Omicron Surge: Report

Government May Cut Fiscal Deficit Target Amid Omicron Surge: Report

Reuters | Thursday January 06, 2022, NEW DELHI

Government is aiming for a fiscal deficit of 6.3 per cent to 6.5 per cent of GDP for the next financial year, a less ambitious target than previously

Economic Growth Won't Be Impacted Much By Omicron: DPIIT Secretary

Economic Growth Won't Be Impacted Much By Omicron: DPIIT Secretary

Reuters | Thursday January 06, 2022

The Omicron wave of coronavirus is unlikely to have much impact on economic growth, not more than of 5-10 basis points, a government official said

Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale

Government To Revise FDI Policy To Allow Life Insurance Corporation's Stake Sale

Edited by Animesh Singh | Thursday January 06, 2022, New Delhi

Government is making changes in the FDI policy to allow disinvestment of Life Insurance Corporation of India

Government Issues Norms To Recast Sugar Mills' Loans, Gives 2 Year Moratorium

Government Issues Norms To Recast Sugar Mills' Loans, Gives 2 Year Moratorium

Edited by Animesh Singh | Wednesday January 05, 2022, New Delhi

Government has issued guidelines for restructuring of loans taken by sugar mills and providing eligible defaulting factories with two-year moratorium

Xiaomi Slapped With Rs 653 Crore Import Duty Evasion Notice

Xiaomi Slapped With Rs 653 Crore Import Duty Evasion Notice

Edited by Animesh Singh | Wednesday January 05, 2022, New Delhi

A show cause of Rs 653 crore has been slapped on Chinese phone maker Xiaomi's India unit for alleged import duty evasion

India's Services Sector Activity Slows in December

India's Services Sector Activity Slows in December

Reuters | Wednesday January 05, 2022, BENGALURU

India's services sector expanded for a fifth straight month in December, albeit at a slower pace than in the previous month, as demand rose but concerns over another wave of Covid-19 and inflationary pressures cast a shadow over the outlook, a survey showed.

RBI Notifies Retail Direct Scheme

RBI Notifies Retail Direct Scheme

Edited by Animesh Singh | Tuesday January 04, 2022, Mumbai

Reserve Bank of India has notified its retail direct scheme, under which retail participation will be encouraged in government securities

Why And How To Give Away Wealth

Why And How To Give Away Wealth

Equitymaster | Tuesday January 04, 2022

Have you ever wondered what is the best way to share your financial blessings with the rest of the world? Find out here...

India's Trade Deficit With China Has Come Down: Piyush Goyal

India's Trade Deficit With China Has Come Down: Piyush Goyal

Edited by Animesh Singh | Monday January 03, 2022, New Delhi

Trade deficit with China has come down to $44 billion in 2021 from $48 billion in 2014-15, said Commerce minister Piyush Goyal

Exports Rose 37% To $37.29 Billion In December 2021: Government Data

Exports Rose 37% To $37.29 Billion In December 2021: Government Data

Edited by Animesh Singh | Monday January 03, 2022, New Delhi

Outbound shipments during April-December 2021 crossed $300 billion, exceeding the exports of 2020-21

Manufacturing Sector Ends 2021 On Strong Note Despite Dip In Momentum

Manufacturing Sector Ends 2021 On Strong Note Despite Dip In Momentum

Reuters | Monday January 03, 2022, BENGALURU

India's manufacturing sector ended 2021 on a solid footing with growth in new orders and output remaining sharp despite losing some momentum in December, but elevated price pressures were still a concern, a private survey showed.

India's Unemployment Rate Hits Four-Month High Of 7.9% In December: Private Think-Tank CMIE

India's Unemployment Rate Hits Four-Month High Of 7.9% In December: Private Think-Tank CMIE

Reuters | Monday January 03, 2022

India's December unemployment rate rose to 7.9% from the June figure of 7.0%, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.