Tag: India growth

India’s economy to grow at 6% in 2023-24, says former Niti Aayog Vice-Chairman Rajiv Kumar

India’s economy to grow at 6% in 2023-24, says former Niti Aayog Vice-Chairman Rajiv Kumar

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Former Niti Aayog Vice-Chairman Rajiv Kumar. | Photo Credit: PTI India is likely to clock 6% growth rate next fiscal and the country can persevere with a high growth rate because of several reforms undertaken during the last eight years by the Narendra Modi Government, former Niti Aayog Vice-Chairman Rajiv Kumar said on February 19. […]

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India’s services sector sees upturn in October on improved demand

India’s services sector sees upturn in October on improved demand

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India’s services sector activities witnessed an upturn in October on the back of stronger gains in new business and increased hiring amid strengthening demand, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from September’s six-month low of 54.3 to 55.1 in October, pointing to a […]

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India should choose fiscal, monetary policy carefully to support ‘bright spot’ growth forecast: IMF

India should choose fiscal, monetary policy carefully to support ‘bright spot’ growth forecast: IMF

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With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India was “still a bright spot”, said an IMF official With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India […]

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India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

India will stand out with 7% growth rate in FY23 amid global gloom, says EAC-PM member Sanyal

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Amid fears of the world slipping into recession, India will perhaps emerge as the strongest major economy with 7% growth rate in FY23, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Sunday. Sanyal observed that India can grow at 9% in an external conducive environment like in early 2000s when the global […]

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India’s long-term growth prospects embedded in public capital expenditure programmes: FM Nirmala Sitharaman

India’s long-term growth prospects embedded in public capital expenditure programmes: FM Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy making is vital for resilient economic systems. Finance Minister Nirmala Sitharaman while attending the third G20 Finance Ministers and Central Bank Governors meeting hosted by Indonesia in Bali, said evidence-based policy […]

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Manufacturing rebound sustains in May: S&P Global PMI

Manufacturing rebound sustains in May: S&P Global PMI

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Producers passed on input costs to clients at fastest pace since Oct. 2013; export orders grew sharpest since April 2011 Producers passed on input costs to clients at fastest pace since Oct. 2013; export orders grew sharpest since April 2011 Indian manufacturers secured new orders in May at virtually the same pace as April despite […]

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