Finance Minister Nirmala Sitharaman chaired the first pre-budget meeting with leading economists in Delhi on Wednesday as part of pre-budget consultations for the General Budget 2024-25.
The CPI for May showed an annualized increase of 3.3 per cent, a modest deceleration from April's 3.4 per cent, falling short of economists' expectations that it would remain steady.
Narendra Modi, elected leader of the National Democratic Alliance will take oath as India's prime minister for a record equalling third term on Sunday evening at 7:15 PM.
Industry leaders and economists widely accepted RBI's monetary policy stand of no change in interest rates. Besides upward projection of GDP growth for FY25 from 7 per cent to 7.2 per cent is welcomed by the Industry.
The Reserve Bank of India (RBI) is unlikely to reduce the benchmark interest rate in its upcoming monetary policy review meeting. The meeting, chaired by Reserve Bank Governor Shaktikanta Das, is underway in Mumbai
According to the report, 82 per cent of chief economists expect the global economy to either strengthen or remain stable this year, nearly double the proportion from late 2023.
Earlier, in the Reuters poll, several economists anticipated the growth to be around 2.5 per cent. But the final numbers have exceeded the projections. The economy grew 4.1 percent year-on-year in the third quarter of 2022.
New Delhi [India], May 15: India's growth story has amazed economists and financial experts. Top rating agencies of the world have acknowledged that India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India's economy expanded at 7.8 per c
Addressing a public meeting here today, Rajnath emphasised that big economists and financial firms all over the world are saying that the Government of India has succeeded in lifting 25 crore people out of poverty in 8-9 years.
According to Xiang, a rising number of economists are questioning whether China's Gross Domestic Product (GDP) will ever surpass that of the US as the country grapples with declining momentum.
Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by high energy prices and related inflation, World Trade Organization (WTO) economists said in a new forecast.
The FICCI Conclave will have thematic sessions based around themes with participation from the Government of India's Ministers & Secretaries, leading global & Indian Industry Leaders, Diplomats, Academia, Economists, Think Tanks and other stakeholders.