NEW DELHI: The need to get back to 7-8% growth against the backdrop of global challenges, geopolitical tensions and to ensure that the country remains on track to reach developed nation status by 2047 dominated deliberations at a meeting of economists with PM Modi Tuesday.At pre-Budget consultations under the theme – ‘Maintaining India’s growth momentum…
AGARTALA: Stating that the northeast has the highest potential for economic growth and is also on its way to becoming India’s export gateway through the Chittagong port, home minister Amit Shah Saturday impressed upon the need for banking policy stakeholders to devise special guidelines keeping in mind the region’s current capacity and as a “responsibility…
NEW DELHI: Union commerce and industry minister Piyush Goyal on Thursday said he was confident of growth being back on track by the end of the fiscal year, overcoming global uncertainties.“We had elections in the first quarter and during the polls, obviously policy making and decisions on next steps of growth or infrastructure spending does…
Justice Surya Kant (File photo) NEW DELHI: Supreme Court judge Surya Kant on Sunday said a nation growing “economically, politically, in the rule of law and in good governance” requires not only the “military in dress” but also a “civilian army” of experts to diligently and intelligently look after its interests both within and outsideAddressing…
RBI governor Shaktikanta Das MUMBAI: Reserve Bank of India (RBI) on Friday kept the policy rate unchanged for the 11th consecutive time at 6.5%, cut the economic growth forecast to 6.6% for 2024-25 from the earlier 7.2%, and reduced the cash reserve ratio (CRR) by 50 basis to 4%, which is expected to release nearly…
NEW DELHI: External affairs minister, S Jaishankar, citing a Goldman Sachs study said that India is on track to reach a significant milestone by 2030, becoming the world’s third-largest economy.Addressing the NDTV World Summit 2024: The India Century on Monday, Jaishankar elaborated on the study’s projections, which estimate India’s economy to grow to an impressive…
Asian Development Bank (ADB) chief economist Albert Park was in the Capital for the Kautilya Economic Conclave. In an interview, he told TOI that the agency is keeping close tabs on global crude prices to assess the impact of the escalating conflict in West Asia on the region and advocated that trade and investment channels…
NEW DELHI: The manufacturing sector has shrugged off the impact of Covid-19 and posted robust growth, creating jobs and raising workers’ incomes, according to a survey report released on Monday, prompting policymakers to say that overall economic growth could rise in the months ahead.The annual survey of industries (ASI) for 2022-23 financial year showed that…
MUMBAI: Coordination between RBI and govt has helped bring down the trade-off between battling inflation and growth, RBI governor Shaktikanta Das said.RBI has steadfastly maintained that there is no trade-off between growth and inflation in the long term, as low inflation is a prerequisite for sustainable growth. However, its monetary action to curb inflation, besides…
MUMBAI: The US central bank’s aggressive move on Wednesday to cut interest rates by a half percentage point could turn out to be a tailwind for the Indian economy.It could help increase the flow of foreign funds into Indian markets, aid the rupee’s stability and fuel the current bull rally, top govt officials, economists and…
