scorecardresearch
Friday, March 29, 2024
TopicIndian Economy

Topic: Indian Economy

India’s banking system faces record liquidity deficit

The deficit widened to 3.34 trillion rupees ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed.

India’s affluent likely to number 100 mn in next 3 yrs, says Goldman Sachs, cites increase in assets

The Rise of Affluent India report noted that the affluent segment — roughly 4% of India’s working-age population — has expanded 12 times faster than overall population in past 4 years.

Sitharaman says Indian economy will hit $5 trillion by 2027-28, 3 yrs after Modi’s 2025 target

Govt’s estimates peg economy at $3.57 trillion in 2023-24, which means achieving the $5 trillion mark by next year is nearly impossible. IMF estimates target will be hit by 2026-27.

From IMF to rating agencies, Modi govt’s rebuttals are improving. Backed by data & valid arguments

A team of technically-savvy key personnel with diverse skill-sets has allowed govt and RBI to formulate sound arguments in place of the earlier rhetoric-based rebuttals.

Global slump, resilience of corporates, easing inflation — what will shape India’s economy in 2024

Apart from these factors, in the new year, food prices will continue to be vulnerable to global uncertainties & weather events, while household borrowings from banks will remain steady.

From mom-&-pop stores to luxury hotels – Indian economy biggest winner in World Cup, finds survey

Study by Mastercard Economics Institute said business boomed most on 3 match days: India vs Pakistan, India vs England and final match between India and Australia.

RBI must regulate risky loan apps, cooperative banks. They are plaguing the banking sector

The act of banking involves a social responsibility that the banks must honour on their own, without the RBI forcing them to.

‘Aspirational India wants a stable govt,’ says Modi at business summit in Uttarakhand

Speaking at Uttarakhand Global Investors Summit, PM Narendra Modi says he will propel India to 'third-largest economy' in next few years, ‘during his third term in office’.

Construction, manufacturing & mining — how Q2 GDP growth of 7.6% beat estimates

In October, RBI predicted a 6.5% growth in Q2. The relatively strong performance in Q2 comes on the back of 7.8% growth in Q1, taking growth in first half of the financial year to 7.7%.

Though improved, central & states’ debt still higher than pre-Covid levels. How this can be managed

Indian govt's status paper presents a consolidated picture of country's debt position & emphasises the need to improve liquidity in the debt market by diversifying the investor base.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.