Fundamentals of economy is good; rupee is holding its ground, says Nirmala Sitharaman

[ad_1] Inflation is low compared to other parts of the world, says the Union Finance Minister Inflation is low compared to other parts of the world, says the Union Finance Minister Union Finance Minister Nirmala Sitharaman has said that the Indian rupee is holding ground at a time when dollar has strengthened, asserting that the […]

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Sitharaman briefs G20 FMs on its 2023 presidency agenda

[ad_1] Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating India on Thursday briefed the finance ministers and central bank governors of G20 countries about its […]

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

[ad_1] 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 […]

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India facing ‘cacophony of factors’ that may shake sovereign-credit metrics: S&P

[ad_1] S&P said a deeper global economic slowdown than currently anticipated could have an adverse impact on India’s economic performance in fiscals 2023 and 2024 S&P said a deeper global economic slowdown than currently anticipated could have an adverse impact on India’s economic performance in fiscals 2023 and 2024 India is facing various factors that […]

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India’s debt ratio projected to be 84% of its GDP: IMF

[ad_1] According to official data released last month, the Central Government’s fiscal deficit touched 32.6% of the annual target in the current financial year till August as against 31.1% recorded a year ago According to official data released last month, the Central Government’s fiscal deficit touched 32.6% of the annual target in the current financial […]

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Nirmala Sitharaman says budget to address growth, inflation concerns

[ad_1] Finance Minister Nirmala Sitharaman identified high energy prices among the biggest problems facing the Indian economy in the near future Finance Minister Nirmala Sitharaman identified high energy prices among the biggest problems facing the Indian economy in the near future Faced with twin challenges of slowing growth rate and high inflation, Finance Minister Nirmala […]

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IMF cuts India’s economic growth forecast to 6.8% in 2022, says country doing ‘fairly well’

[ad_1] The IMF expects inflation in India to return to the inflation tolerance band, 4%, in the fiscal year 2023-24 The IMF expects inflation in India to return to the inflation tolerance band in the fiscal year 2023-24 The world, including India, will experience an overall slowdown in the next year owing to the impact […]

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

[ad_1] 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 […]

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World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

[ad_1] Ms. Shrinate said rupee has hit a historic low. Ms. Shrinate said rupee has hit a historic low. Citing the World Bank report that flagged worsening of poverty numbers in India during the COVID pandemic and downgraded the country economic growth forecast, the Congress on Friday alleged that the situation doesn’t worry Prime Minister […]

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Services sector growth hit 6-month low in September

[ad_1] Price pressures, stiff competition and unfavourable public policies have hurt growth, the S&P Global India Services PMI indicated Price pressures, stiff competition and unfavourable public policies have hurt growth, the S&P Global India Services PMI indicated India’s services sector stuttered in September as new business and output growth grew at the slowest pace since […]

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