Indian Economy: News
12 Apr 2023
International Monetary FundIndian economy 'very strong,' will grow at 5.9%: IMF chief
The International Monetary Fund (IMF) on Tuesday slashed the growth projection for India from 6.1% to 5.9% for the financial year 2023-24. However, Daniel Leigh, the division's World Economic Studies chief, praised India, calling it one of the bright spots in the current global economy.
01 Feb 2023
Union BudgetWill Union Budget 2023 boost Indian economy, what to expect
Finance Minister Nirmala Sitharaman will present the Union Budget 2023 today at 11 am.
31 Jan 2023
Budget SessionBudget Session: Nirmala Sitharaman tables 2023 Economic Survey in Parliament
Finance Minister Nirmala Sitharaman on Tuesday tabled the Economic Survey 2022-23 in Parliament, following President Droupadi Murmu's maiden address to a joint session of Lok Sabha and Rajya Sabha, marking the start of the Budget Session.
31 Jan 2023
Union BudgetFinance Minister Nirmala Sitharaman to present 2023 Economic Survey today
The central government is set to table the 2023 Economic Survey on Tuesday, a day before the Union Budget 2023-24 presentation.
31 Jan 2023
International Monetary FundAmid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
06 Dec 2022
World BankIndia's economy 'resilient,' to grow 6.9% in FY23: World Bank
Upgrading India's gross domestic product (GDP) forecast from 6.5% to 6.9% for the current fiscal year, the World Bank on Tuesday termed India's economy as "more resilient" than 10 years ago.
09 Nov 2022
Morgan StanleyIndia will be third-largest economy by 2027, Morgan Stanley predicts
The future of the Indian economy seems promising as the global financial services giant Morgan Stanley predicted that the country will become the world's third-largest economy by 2027.
07 Nov 2022
Russia-Ukraine crisisIndia's manufacturing sector to sustain growth momentum for 6-9mths: Survey
The Indian economy is set to witness steady growth as most domestic manufacturers are confident about sustaining growth momentum in the coming six-nine months despite global headwinds like supply chain issues amid the Russia-Ukraine war, a FICCI survey showed.
07 Jun 2022
IndiaICICI Bank FD interest rates hiked: Check latest rates
ICICI Bank, India's second-largest private bank, has reportedly raised the interest rates on its fixed deposits (FD) once again with effect from Tuesday (June 7).
30 May 2022
ReutersIndia's Q4 GDP pegged at 2.7%, lower than Q3: Experts
According to SBI's economists, the upcoming release of official statistics for economic performance is likely to show 2.7% growth for the January-March quarter and 8.5% growth for FY22.
25 Apr 2022
IndiaMajority of India's workforce has stopped looking for jobs: Report
The problem of job creation and unemployment in India is becoming worse with an increasing number of people quitting to even look for jobs.
22 Mar 2022
COVID-19China imposes lockdown amid COVID-19 surge; will it affect India?
China has imposed lockdowns and severe restrictions in several provinces and cities in order to curb its largest-ever COVID-19 outbreak.
23 Feb 2022
IndiaHow Russia-Ukraine crisis may impact Indian economy?
The simmering tensions between Russia and Ukraine have put the global economy on tenterhooks, with crude oil prices hitting an all-time high on Tuesday since September 2014.
26 Dec 2021
France$100T world economy in 2022; China #1 by 2030: Report
The global economic output is set to surpass $100 trillion in 2022, two years earlier than previously forecast, said a report by the Centre for Economics and Business Research (CEBR).
08 Dec 2021
NITI AayogIndia's richest 10% hold 57% of national income: Inequality Report
India stands out as a "poor and very unequal country, with an affluent elite," according to the World Inequality Report 2022.
24 Aug 2021
IndiaCOVID-induced economic slowdown caused 1 lakh infant deaths in India
India recorded a third of global excess infant deaths in 2020 due to COVID-induced economic slowdown, a World Bank study has found.
26 Jul 2021
Ministry of FinanceSpike in rural unemployment; urban unemployment rises marginally: CMIE
Rural India is witnessing a spike in the weekly unemployment rate, according to data from the Centre for Monitoring Indian Economy (CMIE).
31 May 2021
Gross Domestic ProductAmid COVID-19 outbreak, India's GDP contracts 7.3% in FY2020-21
As the second wave of COVID-19 has disrupted regular life, India's Gross Domestic Product (GDP) contracted 7.3% in the financial year 2020-21, data shared by the government showed on Monday.
28 May 2021
Ministry of Health and Family WelfareCoronavirus: As second wave 'downsizes', economists warn of job crisis
India on Friday reported 1.86 lakh new COVID-19 cases along with 3,660 more deaths. The number of new infections was the lowest in 44 days.
18 May 2021
CoronavirusEconomy will improve after a critical mass is vaccinated: Expert
India's economy will do well once vaccination reaches a critical mass as pent-up demand, global recovery and easy financial conditions will boost activities, RBI's Monetary Policy Committee member Ashima Goyal said on Tuesday.
08 Dec 2020
Fitch RatingsIndia's GDP to contract by 9.4% in FY21, says Fitch
India's GDP will contract by 9.4% in the current fiscal year, Fitch Ratings said in its latest Global Economic Outlook on Tuesday.
26 Nov 2020
IndiaClimate change may cost Indian GDP $200bn by 2030: Report
The worsening effects of climate change may pose a massive risk of $200 billion to India's GDP (gross domestic product) by 2030, revealed a report by McKinsey Global Institute (MGI).
26 Nov 2020
Reserve Bank Of India (RBI)RBI Governor Shaktikanta Das happy with Indian economy's recovery
RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. On Thursday, he said that the pick-up in recovery has been stronger than expected.
09 Oct 2020
Reserve Bank Of India (RBI)Repo rate unchanged; RTGS payment will be available 24*7: RBI
RBI Governor Shaktikanta Das on Friday announced Monetary Policy Committee's decisions and spoke about the revival of the coronavirus-battered Indian economy.
04 Jul 2020
FacebookCOVID-19 Free Jobs Forum, a place to find work opportunities
COVID-19 has put a dent in the Indian economy, with several industries suffering and tens of thousands of people going out of work.
11 Jun 2020
Pakistan NewsReady to share cash transfer scheme with India: Pakistan PM
Pakistan Prime Minister Imran Khan said he is ready to share his government's cash transfer program with India to help the latter with the fallout of the coronavirus outbreak.
15 Apr 2020
India#Lockdown2: Industry bodies want package of nearly Rs. 16L crore
As India's lockdown was extended for another nineteen days on Tuesday, several industry bodies asked the government to release a financial package to help them and revive growth in various sectors.
12 Apr 2020
IndiaIndia to witness severe economic slump, says World Bank
The spread of COVID-19, and the disruption ensuing from it, is likely to cause a sharp economic slump for India and neighboring countries, the World Bank said on Sunday.
09 Apr 2020
Nirmala SitharamanGovernment planning another package to revive growth of coronavirus-stung economy
The government plans to set up a fund with a corpus of Rs. 50,000-75,000 crore to revive industries, that have been battered due to the coronavirus pandemic.
10 Feb 2020
ParliamentPeople wearing jackets, pants, so there's no recession: BJP MP
Amid the ongoing economic crisis, a member of BJP has exclaimed that people can still afford jackets and pants, hence, there is no recession.
01 Feb 2020
Nirmala SitharamanBudget 2020: Nirmala Sitharaman presents budget amid economic slowdown
All eyes are on Finance Minister Nirmala Sitharaman as she is presenting her second budget today.
15 Jan 2020
Central Board of Secondary Education (CBSE)#CareerBytes: Everything about Class-12 Economics paper pattern, new marking scheme
The 2020 CBSE Class-12 board examinations are set to commence from February 15 and go on till March 30.
16 Nov 2019
KarnatakaAirports full, people getting married, hence, no slowdown: BJP leader
All numbers indicate that the Indian economy is going through one of its worst slowdowns, but for this Union Minister, everything is fine since people are getting married, and airports are full.
22 Oct 2019
IndiaPM joked about media's "trap", says Nobel laureate Abhijit Banerjee
After he met Prime Minister Narendra Modi on Tuesday, Nobel laureate Abhijit Banerjee said the PM joked about how media is trying to "trap" Banerjee into saying anti-Modi things.
13 Oct 2019
India#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.
18 Aug 2019
IndiaIndia can become $5-trillion economy in 5 years: NDB President
KV Kamath, President of Shanghai-headquartered New Development Bank (NDB), said the Indian economy can become a $5-trillion economy in five years growing at an annual average rate of 10%.
03 Aug 2019
IndiaNITI Aayog CEO says 'too many reforms' behind economic slowdown
Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.
14 Jul 2019
IndiaRising intolerance, hate crimes can damage economic growth: Adi Godrej
Billionaire industrialist Adi Godrej on Saturday warned that growing intolerance, moral policing, and hate crimes in the country could "seriously damage" India's economic growth.
14 Oct 2018
India#CareerBytes: List of NCERT books to study for UPSC exam
Needless to say, UPSC exam preparation demands long-term, thorough and deep understanding of concepts.
06 Sep 2018
India#CareerBytes: Tips to crack the UPSC exam
The UPSC Civil services exam is one of the toughest exams in India, thus thorough preparation and solid determination are the keys to cracking it.