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Economy

  • Economy

    No “Hindu rate of growth,” consumer spending will drive India’s economic rise, says ING report

    by IN Bureau March 12, 2023
    by IN Bureau March 12, 2023

    The Indian economy will continue to grow as inflationary pressures ease, pushing real spending powers. A report by the global banking and financial service major ING said that India’s economy …

  • Economy

    From watchdog to guide–CAG to help state governments follow best auditing practices

    by Mahua Venkatesh March 12, 2023
    by Mahua Venkatesh March 12, 2023

    The Comptroller Auditor General of India (CAG) is now aggressively trying to rebuild its image from being the quintessential watchdog finding loopholes in the country’s public expenditure books to a …

  • Economy

    Australia takes fresh look at business openings in India, as ties with China go south

    by IN Bureau March 9, 2023
    by IN Bureau March 9, 2023

    Amid rising bilateral tensions between Beijing and Canberra, Australian Prime Minister Anthony Albanese’s India visit has generated immense curiosity among global investors. Albanese will hold a meeting with Prime Minister …

  • Economy

    Has Raghuram Rajan become torchbearer of losers opposing rise of New India?

    by Mahua Venkatesh March 9, 2023
    by Mahua Venkatesh March 9, 2023

    Raghuram Rajan, former Governor of the Reserve Bank of India (RBI) who also served as chief economic adviser under former Finance Minister P Chidambaram never fails to stir up a …

  • Economy

    Rs 3.32 crore worth gold seized at Chennai airport

    by IN Bureau March 9, 2023
    by IN Bureau March 9, 2023

    Customs officials seized 6.8 kg of smuggled gold valued at Rs 3.32 crore at the Chennai airport from two passengers, who arrived on an Air India flight from Singapore. Customs …

  • Economy

    Karachi based economist asks Shehbaz Sharif to draw lessons from India to manage soaring debt

    by Mahua Venkatesh March 9, 2023
    by Mahua Venkatesh March 9, 2023

    Pakistan’s debt under Prime Minister Shehbaz Sharif has continued to rise and rise at a pace of 15 per cent. Between July—the beginning of the new financial year in Pakistan– …

  • Economy

    Air India cabin crew member arrested at Kochi airport for smuggling gold

    by IN Bureau March 9, 2023
    by IN Bureau March 9, 2023

    An Air India cabin crew member was arrested at the Kochi Airport on Wednesday for smuggling gold, officials said. Shafi, a native of Wayanad, was arrested by Customs officials at …

  • Economy

    PM Modi for globalising Indian digital payments model, seeks bigger private sector push in fintech

    by IN Bureau March 7, 2023
    by IN Bureau March 7, 2023

    Prime Minister Narendra Modi today underlined the need to further expand the scope of fintech so that the benefits of India’s economic development reaches every citizen of the country.   …

  • Economy

    Africa emerges lucrative market for Indian rice exporters

    by Mahua Venkatesh March 7, 2023
    by Mahua Venkatesh March 7, 2023

    Notwithstanding restrictions, India’s rice exports to Africa have jumped during the current financial year. During the April-January period this financial year, India’s rice exports to African countries crossed 9 million …

  • Economy

    Bangladesh to leverage India’s military-industrial complex with big order for weapons

    by Mahua Venkatesh March 6, 2023
    by Mahua Venkatesh March 6, 2023

    New Delhi is ready to partner with Bangladesh in its military modernization exercise through the $500 million line of credit, Pranay Verma, India’s High Commissioner who organised a seminar in …

  • Economy

    Bloodshed in the AfPak region will further cripple Islamabad’s economy

    by Mahua Venkatesh March 5, 2023
    by Mahua Venkatesh March 5, 2023

    Even as cash starved Pakistan managed to get a lifeline after old ally China approved rollover of a loan of $1.3 billion, default risks continue to loom large. The rise …

  • Economy

    Drunk student on New York-Delhi flight urinates on fellow flyer

    by IN Bureau March 5, 2023
    by IN Bureau March 5, 2023

    A drunk student on a Delhi-bound American Airlines flight from New York allegedly urinated on a fellow male passenger in the plane on Saturday night, according to a PTI report. …

  • Economy

    With 50 destinations earmarked, PM Modi calls for big tourism push to shore up economy

    by IN Bureau March 3, 2023
    by IN Bureau March 3, 2023

    Tourism industry with its multiplier effect in the economy has the same potential as other key sectors such as agriculture, real estate, infrastructure and textile, Prime Minister Narendra Modi said …

  • Economy

    Why BJP’s success in the Northeast state elections is important for India?

    by Mahua Venkatesh March 2, 2023
    by Mahua Venkatesh March 2, 2023

    The assembly election results of the three northeastern states of Tripura, Nagaland and Meghalaya have boosted BJP’s foothold in the region which is strategic to India’s Act East policy. The …

  • Economy

    Global cos keen to tap India’s market, labour pool to drive new supply chains

    by IN Bureau March 1, 2023
    by IN Bureau March 1, 2023

    Multinational companies are now aggressively firming up plans to expand their operations in India amid rising global challenges. Even as China opened up its economy, many companies are looking at …

  • Economy

    India’s GST collections cross Rs 1.49 lakh crore in Feb, Maharashtra tops, Karnataka 2nd

    by IN Bureau March 1, 2023
    by IN Bureau March 1, 2023

    India’s total monthly GST revenues during February this year rose to Rs 1,49,577 crore with Maharashtra contributing the highest amount followed by Karnataka and Gujarat in the second and third …

  • Economy

    Foxconn’s top boss meets PM Modi, group set to ramp up operations in India

    by IN Bureau March 1, 2023
    by IN Bureau March 1, 2023

    Amid Foxconn’s plans to ramp up semiconductor manufacturing in South Asian markets, Prime Minister Narendra Modi met Young Liu, Chairman of Hon Hai Technology Group (Foxconn) today in the capital …

  • Economy

    Pakistan grinds its teeth as IMF reads out the riot order

    by Mahua Venkatesh March 1, 2023
    by Mahua Venkatesh March 1, 2023

    Cash starved Pakistan, which is currently in talks with the International Monetary Fund (IMF) for resumption of the $6.5 billion loan programme has been miffed by the multilateral agency, which …

  • Economy

    Moody’s downgrades Pakistan’s rating amid depleting forex reserves

    by IN Bureau February 28, 2023
    by IN Bureau February 28, 2023

    In another setback to Pakistan, global ratings agency Moody’s today downgraded the country’s rating to Caa3 from Caa1 as it struggles with depleting foreign exchange reserves and mounting debt levels. …

  • Economy

    India’s economy clocks 4.4% growth in Oct-Dec, expected to touch 7% for full year

    by IN Bureau February 28, 2023
    by IN Bureau February 28, 2023

    India’s economy grew at 4.4 per cent per cent for the October-December quarter of the current financial year, according to official figures released on Tuesday. The growth rate is in …

  • EconomyIndia

    FM Sitharaman in Sikkim to oversee scheme for northeastern border villages

    by IN Bureau February 28, 2023
    by IN Bureau February 28, 2023

    Prime Minister Narendra Modi has asked all his ministers to keep a close watch on the execution of various government schemes and programmes which include the Vibrant Villages Programme (VVP). …

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