Union Finance Minister Nirmala Sitharaman, RBI Governor Sanjay Malhotra and Directors at a meeting in New Delhi on February 8, 2025. | Photo Credit: PTI With the Reserve Bank of India (RBI) following up the Union Budget’s demand stimulus for the slowing economy with a long-awaited interest rate cut, Finance Minister Nirmala Sitharaman said on…
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 Reserve Bank of India will likely keep interest rates unchanged Friday, with chances of an early cut fading after the government warned of a coming heatwave and the economy grew faster than expected.The central bank will likely keep its benchmark repurchase rate at 6.5% for a seventh straight policy meeting, according to…
MUMBAI: The country’s economic growth in the March quarter is likely to be 8% or more, finance minister Nirmala Sitharaman has said.“If this is how inflation management is happening, macroeconomic stability being what it is, you had three-quarters of growth above 8%, and hopefully, the fourth quarter, which ends tomorrow, will also be 8% or…
NEW DELHI: Finance minister Nirmala Sitharaman on Saturday said that the country’s GDP is set to grow by 8% or more in the quarter ending March 31.Speaking during an event in the financial hub of Mumbai, Sitharaman said, “Hopefully the fourth quarter, will also have (growth) of 8% or above 8% resulting in 2023/24 having…
NEW DELHI: CareEdge Ratings expects India’s GDP to growth at 7.6 per cent in 2023-24 ending on March 31, and around 7 per cent in the next financial year 2024-25.According to the rating agency, the economic growth in the current financial year was supported by a strong growth in investment demand led by public capital…
NEW DELHI: India Inc on Thursday said 8.4 per cent GDP growth in the October-December quarter of FY24 has “surpassed” expectations, and the economy is on a high growth trajectory due to sustained reforms undertaken by the government.India’s economic growth accelerated to 8.4 per cent in the October-December quarter of this fiscal, driven by double-digit…
Universities have boomed in recent decades. Higher-education institutions across the world now employ on the order of 15m researchers, up from 4m in 1980. These workers produce five times the number of papers each year. Governments have ramped up spending on the sector. The justification for this rapid expansion has, in part, followed sound economic…
Railway Minister Ashwini Vaishnaw has said that India can potentially save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1500 million tonnes of cargo through trains. Speaking at the 68th National Railways Awards, Vaishnaw stated that India’s economic growth is expected to result in an additional 3000…
HYDERABAD: India’s ambition to march into `Amrit Kaal’ by 2047 is an important one but the current pace of growth is not enough to get us there as we will still remain a lower middle-income economy by then, former Reserve Bank of India (RBI) governor Raghuram Rajan said here on Saturday.Speaking at an interactive session…
