After GDP data for the July-September quarter (Q2) were revealed on Thursday, Prime Minister Narendra Modi said that the growth numbers display the resilience and strength of the Indian economy adding that the government is committed to ensuring fast-paced growth.
Prime Minister Narendra Modi on Sunday reacted to the social media post of an Indian-American investor who was optimistic about the prospects of the investment environment in India and referred to it as a "startup country".
Das said, "The global economy continues to face multiple macroeconomic and geopolitical shocks. The prediction of a global recession has not come true but there are indications that global growth is slowing down amid tightening financial conditions and still elevated inflation. Even as the f
Some sectors such as fertilisers and diamonds -- both cut and polished -- may see a slight, but manageable, impact, while for most others impact will be insignificant, the rating agency said on Tuesday in a report.
According to a press release by the Ministry of Science and Technology, emphasising the remarkable growth of India's bioeconomy in recent years, Singh outlined the nation's potential to play a crucial role in global trade and the bio-economy, contributing significantly to the Indian economy.
The ongoing war between Israel and Hamas also brought to the forefront discussions about the future of the India-Middle East-Europe corridor. The Greek envoy while weighing in on this matter, emphasised that the corridor is an "absolute necessity," to India's economic landscape, adding it
Income Tax Department has, over the years, focused on several measures to ensure ease in compliance of taxpayers and transparent tax administration. In line with transparency in its functioning, the Department had released the Time Series Data of Direct Taxes and Income Tax Return statistics
The Congress has accused the Modi government of mismanaging the economy saying that RBI's October 2023 bulletin shows "extremely concerning economic trends" including a 47-year low in the savings growth rate, "ballooning fiscal deficit" and slowing credit growth to the industrial sector
Highlighting the uneven pace of recovery across nations, Sitharaman said, "We've still not recovered from COVID Not all talking about the Indian economy, but globally. in some countries when the recovery is happening, you still have some country and constraints in restoring norms".
The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday.
According to a press release, With participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valuable insights into the financial health of the Indian economy.