NEW DELHI, Aug 22 (Reuters) – India overtook China as the world’s biggest importer of Russian oil in July as Chinese refiners bought less because of lower profit margins from producing fuels, a comparison of import data showed. Russian crude made up a record 44% of India’s overall imports last month, rising to a record …
(Bloomberg) — Nigeria would see a boost to its economy equivalent to a quarter of the $142.7 billion cumulative output benefit expected by 2030 for countries where malaria is endemic if World Health Organization goals are met, according to a study. The gross domestic product of Africa’s most populous country alone over the period would …
At 18% of GDP, India’s external debt—or what it owes to the world—is one of the lowest among G20 economies, as finance minister Nirmala Sitharaman recently pointed out. That is reassuring, but external debt is only one part of our external liabilities. For a full picture of what India owes to foreigners, it is more …
Buy or sell stocks: As investors shifted their bets ahead of next week’s national elections, the domestic benchmark indices, the Nifty 50 and the Sensex, wavered between gains and losses on Friday, closing marginally higher but recording their first weekly decrease in three. The S&P BSE Sensex rose by 0.1% to 73,961 points, while the …
The Reserve Bank of India’s balance sheet size rose 11.08 per cent to ₹70.48 lakh crore as of March 31, 2024, the central bank said in its annual report. The central bank’s balance sheet size at US$844.76 is nearly 2.5 times that of Pakistan’s entire GDP which has been estimated to be around $338.24 billion …
The Indian economy is expected to achieve “higher” than 7% growth in 2024-25, the National Council of Applied Economic Research (NCAER) on Monday said pointing at strong high-frequency indicators, an above normal monsoon forecast and a benign global outlook. NCAER’s outlook is a bit more optimistic than the 7% real gross domestic product (GDP) growth …
New Delhi: PC maker Dell Technologies is banking on new hirings, replacements and growth in the Indian economy to drive sales of its commercial devices this fiscal, a senior company said. While speaking at the launch of a new commercial personal computers portfolio, Dell Technologies India, Senior Director and General Manager, Client Solutions Group, Indrajit …
South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account the cost of living, providing a …
Surpassing the expectations of analysts, India’s Gross Domestic Product (GDP) registered a robust growth of 8.4 per cent on an annual basis in the third quarter (October-December), as against a 8.1 per cent in the previous quarter, data released by the National Statistical Office (NSO) showed Thursday. The number for Q1, Q2 FY24 has also …
For the first time in about 11 years, the government on February 24 released the broad findings of the All India Household Consumption Expenditure Survey carried out between August 2022 and July 2023. The data will play a key role in reviewing critical economic indicators, including the Gross Domestic Product (GDP), poverty levels, and the …