Search For "economic review"
Outlook for Indian economy bright: Finance ministry review
Updated : 2 years, 3 months ago IST
The outlook for the Indian economy appears bright, reiterated the Ministry of Finance in its monthly economic review, supporting its argument saying prospects of healthy Rabi crop harvesting, sustained profitability in the manufacturing sector, underlying resilience in the services sector
Read More
Commodity prices, barring precious metals, likely to moderate in 2023: Fin
Updated : 3 years ago IST
Prices of all commodities, barring precious metals, are likely to moderate in the current year, the Ministry of Finance said in its Monthly Economic Review report. However, they are still expected to remain well above pre-pandemic levels.
Read More
Normal monsoon, adequate seeds and fertilizer augur well for India's khari
Updated : 3 years ago IST
India has three cropping seasons -- summer, kharif, and rabi. Crops sown during June-July and harvested in October-November are kharif. Crops that are sown during October-November and the produce harvested from January-March depending on maturity is Rabi. Crops produced after rabi but ahe
Read More
Constrained milk, wheat supplies amid volatile crude market raise inflatio
Updated : 3 years, 1 month ago IST
Constrained supplies of milk and wheat, coupled with a volatile international crude oil market with OPEC+ countries deciding to cut crude oil production from May 2023 are factors that may, going forward, influence the inflation trajectory in India, Ministry of Finance's Monthly Economic R
Read More
Indian banking system less prone to SVB-like incidents: Ministry of Financ
Updated : 3 years, 1 month ago IST
The collapse of a few regional banks in the US, which started with Silicon Valley Bank, and the takeover of the crisis-hit Credit Suisse Bank by the Union Bank of Switzerland (UBS) have sent ripples across the global banking industry and posed fears of a contagion effect across economies.
Read More
Inflation, policy tightening to weigh on global economic activity till 202
Updated : 3 years, 1 month ago IST
Elevated inflation and tightening of monetary policy have weakened the growth process and are expected to weigh on economic activity for at least three years since the conflict broke out between Russia and Ukraine in February 2022 (the financial year 2022-25), according to Ministry of Financ
Read More
India among small set of countries able to reduce core debt of corporate s
Updated : 3 years, 2 months ago IST
The report said while comparing the core debt of the corporate sector in both advanced economies (AEs) and emerging market economies (EMEs), it increased in both categories, reaching 175 per cent of GDP in EMEs and 185 per cent of GDP in AEs at the end of 2020
Read More
Transmission of declining wholesale inflation in retail figures expected s
Updated : 3 years, 2 months ago IST
Notably, wholesale inflation in India based on the Wholesale Price Index continued to moderate and was at 3.85 per cent (provisional) in February 2023, against the previous month's 4.73 per cent. Overall wholesale inflation was at 8.39 in October and has been falling since then. Notably, the
Read More
Kerala's economy posted strong recovery in 2021-22: State Economic Review
Updated : 3 years, 4 months ago IST
Kerala's economy posted a strong recovery rate in 2021-22, with an increase in the Gross State Domestic Product (GSDP) from (-)8.43 per cent in 2020-21 to 12.01 per cent in 2021-22.
Read More
Retail inflationary pressures expected to ease with fresh kharif arrivals:
Updated : 3 years, 6 months ago IST
On inflation, the report by the department of economic affairs said domestic prices of some food items have gone up in the wake of the rise in international prices. India's grain availability was impacted by the untimely heatwaves and deficiency of the southwest monsoon in the current year.
Read More
RBI Governor-headed committee reviews global, domestic economic situation
Updated : 3 years, 6 months ago IST
During the meeting, major developments in the global and domestic economy as well as in various segments of the financial system were reviewed, a statement from RBI said on Tuesday. It also discussed certain inter-regulatory issues.
Read More
India's services sector saw recovery on improved demand: Finance Ministry
Updated : 3 years, 10 months ago IST
New Delhi [India], July 15 (ANI): India's services sector has witnessed a broad-based recovery in sales revenues in both nominal and real terms during the January-March 2022 quarter 2022, the Ministry of Finance said in its latest Monthly Economic Review report.
Read More