India is projected to grow at 6.3 per cent in FY 2023-24, but it will be slightly less in the next financial year. The central government had set up a target to become a $5 trillion economy but many financial institutions have predicted that this target may be achieved by 2027.
Retail inflation may remain elevated in coming months
Says Supreme Court ruling in Northern Operating Systems case should not be applied mechanically
WPI inflation for November: There has been an uptick in prices of food articles, minerals, machinery and equipment, computer, electronics and optical products, motor vehicles, and other equipment and other manufacturing.
BT500 Wealth Creators Summit: Vijay Kedia said his simple principle is that promoters or founders of a company do not expand their businesses by looking at the market to ascertain whether it is a bull market or a bear market.
The upward revision is based on India’s higher-than-expected gross domestic product (GDP) growth of 7.6 per cent in the September quarter
"The way I think is - 2023 has been the paap (sin) and 2024 is going to be prayaschit (atonement)," said Nandi.
Says arrears of pension to be paid in line with existing process post TDS
"Now we are seeing some of the benefits. The implementation initially was uneven, now we have started seeing the benefits," said Raghuram Rajan.
Raghuram Rajan further said the question of the hour is how to bring everyone on the same level because that is the need for 2047.
“A striking 79 per cent of the employers surveyed expect an increase in the workforce in their respective industries over the next six months to meet the surging demand," stated the TeamLease Employment Outlook Report for H2 FY24.
November CPI inflation at three-month high of 5.55%, IIP at 16-month high of 11.7% in October
Food inflation was 8.7% in November, up from 6.6% in October
Rajan is in India to release his new book, Breaking the Mould. The new book, which Rajan co-authored with economist Rohit Lamba, is about their vision of the Indian economy.
Says steady decline in core inflation critical in weakening inflationary pressure
Growth seen at 6.5–7% next fiscal, while inflation may be about 4.5–5%
Supreme Court upheld the abrogation of Article 370 that conferred a special status to Jammu and Kashmir.
Senior officials from the UK are in New Delhi this week to add momentum behind the ongoing round of negotiations for an India-UK free trade agreement (FTA), according to a UK media report on Saturday.
The RBI's other significant concern is the overheating in certain retail segments. Last month, the RBI increased the risk weights in unsecured loans and banks' funding to NBFCs.
RBI monetary policy meeting announcements: Governor Shaktikanta Das projected GDP growth for 2023-24 at 7 per cent, which is an increase from the previous MPC announcements of 6.5 per cent.
Meanwhile, the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent.
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