The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.
Amid rising geopolitical tensions in West Asia and concerns over global crude oil supply, Kotak Mahindra Asset Management Company Managing Director Nilesh Shah said India is likely to manage the situation effectively, while urging citizens to avoid hoarding LPG cylinders.
The primary concern for the Indian economy is the sharp increase in fuel costs. According to the report, "Brent has moved up from a range of US$ 65-US$ 70 per barrel to US$ 110 per barrel since the war broke out." This surge is linked to major infrastructure failures in the region. "Iran's o
Former Chief Economic Advisor Krishnamurthy Subramanian has expressed confidence that India can sustain an average economic growth rate of around 8 per cent over the next two decades, arguing that policymakers must aim for such expansion if the country is to fully realise its long-term econo
A 10 per cent increase in global oil prices is estimated to have a direct impact of approximately 0.7-1 per cent on India's Wholesale Price Index (WPI). According to a report by Bank of Baroda on the Middle East crisis, the overall effect could reach a 1 per cent increase in WPI inflation wh
Michael Lee stated that any conflict in the Taiwan Strait would directly impact the Indian economy, calling on New Delhi to play a role in ensuring regional safety.
India's manufacturing activity strengthened further in February, with the Purchasing Managers' Index (PMI) rising to a four-month high of 56.9 from 55.4 in January, according to data released by HSBC.
India's foreign exchange reserves dipped USD 2.119 billion in the week that ended February 20 to USD 723.608 billion, after having reached a new all-time high recently, according to the Reserve Bank of India's latest data.
"Our existing series was based on the year 2011-2012. The international norm is that this should happen every five to seven years. However, due to COVID-19, we transitioned to a new financial system, and GST was introduced, which caused a slight delay," Garg said.
New Delhi [India], February 26: Aye Finance, India's leading financial institution providing business loans to the largely underserved micro-scale enterprises, has been recognised as one of India's most dynamic businesses, ranking 26th in the prestigious 'India's Fastest-Growing Companies 20
Most of India's key macroeconomic indicators have remained in a healthy range over the last four decades with notable improvement in recent years, said Poonam Gupta, Deputy Governor, Reserve Bank of India.