India Economy News

Economy

‘UPSC is boring, there is poverty of aspiration among the youth,’ feels economist Sanjeev Sanyal

Sanjeev Sanyal feels India's youth are not dreaming beyond becoming civil servants, adding that they do not see themselves as Elon Musk or Mukesh Ambani, or Flipkart's Sachin and Binny Bansal amomg

3 min read26 Mar 2024
Economy

Business activity in March grew at its fastest pace in eight months, HSBC survey shows

The HSBC Flash India Composite PMI Output Index climbed to 61.3 in March from a revised reading of 60.6 for February, marking the fastest rate of expansion in the manufacturing and service sectors since July 2023.

3 min read21 Mar 2024
Economy

Impact of Covid-induced fiscal stimulus on India's inflation less than developed economies: RBI study

The empirical analysis suggests that countries with larger fiscal stimulus, on average, experienced higher post-pandemic inflation. Countries with moderate fiscal support have generally experienced relatively moderate inflation outcomes.

1 min read21 Mar 2024
Economy

India unlikely to reach China's 8-10% growth rate, says Morgan Stanley, sees growth around 6.5-7%

India’s economy will likely grow steadily at 6.5-7 percent over the long term, but the country is “far from replacing” rival and manufacturing powerhouse China, Morgan Stanley's Chetan Ahya told Bloomberg in an interview.

2 min read19 Mar 2024
Economy

India's current economic boom similar to that of 2003-07? Morgan Stanley thinks so, lists 5 parallel trends

In a recent note, global brokerage house Morgan Stanley believes that the current India's economic boom closely resembles that of 2003-07. MS has also highlighted the following five characteristics, which should help investors frame their approach to India in this cycle.

5 min read15 Mar 2024
Economy

Fuel price cut by ₹2/litre on March 15: Petrol now ₹94.72/litre in Delhi, diesel at ₹87.62/litre. Check your city

The price cut of ₹2/litre was announced by the Union Ministry of Petroleum and Natural Gas on March 14 via social media platform X

2 min read15 Mar 2024
Companies

Fitch raises India GDP growth estimate for FY24 to 7.8%

It noted that economic growth had continued to outperform its quarterly forecasts, with a much stronger increase in real GDP than expected in the December outlook report.

2 min read14 Mar 2024
Economy

Cost of Living Highlights March 14: Fuel prices steady. Petrol, diesel prices remain unchanged. Check your city here

Cost of Living Highlights March 14: The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. In some relief, India's retail inflation witnessed a notable decline in September, dropping to a three-month low.

1 min read14 Mar 2024
Economy

Indraprastha Gas cuts CNG prices in Delhi by ₹2.5/kg from today. Taxi drivers celebrate savings

The Delhi price cut comes two days after state-owned Mahanagar Gas on March 5 announced a decrease in CNG prices by ₹2.5 per kg to ₹73.50 per kg in Mumbai.

2 min read7 Mar 2024
Economy

Cost of Living Highlights March 06: Fuel prices steady. Petrol, diesel prices remain unchanged. Check your city here

Cost of Living Highlights March 06: The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket. In some relief, India's retail inflation witnessed a notable decline in September, dropping to a three-month low.

1 min read6 Mar 2024
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