Billionaire Uday Kotak, founder and director of Kotak Mahindra Bank, has called on corporate houses to shift away from traditional banks to capital markets (debt and equity) as one of the mantras to help India achieve its goal of 9% annual growth and a $30 trillion GDP by 2047. In a recent post on X …
Economists said that the retail inflation based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, far from the RBI’s medium-term target level of 4 per cent, driven by a surge in food and beverage inflation to 8.0 per cent in November. Experts said that while the Reserve Bank of …
Industry expects the economy to grow at 7.5 to 8 per cent in the current fiscal and 8 per cent in 2024-25 on the back of strong growth momentum, positive sentiments and rising private investments, Anish Shah, newly-elected president of the Federation Indian Chambers of Commerce and Industry (Ficci), said on Monday. There will, however, …
India’s GDP growth for the second quarter of the current financial year 2023-24 came in at a much better than expected number of 7.6%, much higher than 6.2% in the second quarter of the previous fiscal year. Most analysts were expecting the Q2 GDP growth data to moderate to around 6.8%. The 7.6% GDP growth …
Image Source : PEXELS Close-up photo of banknotes and coins The International Monetary Fund (IMF) has revised its GDP growth projection for India for the financial year 2023-24 to 6.3%, marking the second upward revision since April. In its latest World Economic Outlook report, the IMF cited stronger-than-expected consumption during the April-June period as the …
Image Source : PEXELS Man welding round window frame in a factory The Indian economy is projected to grow by 8.3% to 8.5% in the April-June quarter of 2022-23, higher than the Reserve Bank of India’s (RBI) forecast of 8%, according to economists. The RBI had forecast a growth of 8% in the April-June quarter …
Image Source : FILE Mutual Funds Allocate Over Rs. 2,400 Crores in Equities New Delhi: After pulling out capital from equities in April, mutual funds invested more than Rs. 2,400 crores in stocks last month. This can be attributed to robust GDP growth, controlled inflation levels, and balanced liquidity in the economy. Going forward, mutual …