No prospect of recession in India, economy to grow 6%-7% in next fiscal: Rajiv Kumar

[ad_1] Former Niti Aayog vice-chairman Rajiv Kumar. File | Photo Credit: Sandeep Saxena India will still grow at 6%-7% in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Mr. Kumar further […]

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No prospect of recession in India, economy to grow 6%-7% in next fiscal: Rajiv Kumar

[ad_1] Former Niti Aayog vice-chairman Rajiv Kumar. File | Photo Credit: Sandeep Saxena India will still grow at 6%-7% in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Mr. Kumar further […]

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India to be world’s second largest economy by 2050, to add a trillion dollar to GDP every 12-18 months: Gautam Adani

[ad_1] Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaks at the World Congress of Accountants in Mumbai on November 19, 2022. | Photo Credit: AFP Asia’s richest man Gautam Adani on November 19 said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

[ad_1] Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification […]

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Govt cuts export duty on steel, iron ore; hikes import duty on some raw materials

[ad_1] Iron ores being loaded on to a ship at the New Mangalore Port Trust.  File photo | Photo Credit: R. Eswarraj Six months after imposition of the levy, the government has cut the export duty on steel products and iron ore with effect from Saturday, November 19, 2022. As per a Finance Ministry notification […]

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Industrial output grows 3.1% in September

[ad_1] Inflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. Inflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. India’s industrial […]

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India needs liberal economic policy with an intention to provide benefits to poor people: Gadkari

[ad_1] Union Minister Nitin Gadkari asserted that liberal economic policy is for farmers and poor people Union Minister Nitin Gadkari asserted that liberal economic policy is for farmers and poor people India needs a liberal economic policy with the intention to provide its benefits to poor people of the country, Union Minister Nitin Gadkari said […]

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EAC-PM Chairman Debroy suggests single-rate GST, exemption-less taxation

[ad_1] Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public infrastructure is much higher Bibek Debroy said the tax collection of the Centre and states combined is just 15% of GDP, while the demand for government spending on public […]

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India’s manufacturing activities remain strong in October: survey

[ad_1] Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on November 1. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was up from 55.1 in September to 55.3 in October. […]

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India can attract $475 billion in FDI in five years, says CII-EY report

[ad_1] 71% of MNCs working in India consider the country an important destination for their global expansion based on both short-term and long-term prospects 71% of MNCs working in India consider the country an important destination for their global expansion based on both short-term and long-term prospects Even as the pandemic and geopolitical conflict resulted […]

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