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GDP: World Bank Cuts India’s growth to 6.5 percent for current fiscal year

October 7, 2022 Vinayak Barot

New Delhi: After considering the current scenario of many businesses across the world, and the situation of many countries, the world bank (WB) on Thursday slashed India’s Gross Domestic Product (GDP) growth rate to 6.5 percent. In June 2022, it had projected that the Indian economy will grow at a rate of 7.5 percent. In April […]

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India overtakes the UK to become the fifth largest economy

September 3, 2022 Vinayak Barot

New Delhi: India has become the fifth largest economy in the world, beating the UK. This is the second time India has beaten the UK in terms of economy, with the first one being in 2019. Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in […]

English

India can become a $5 trillion economy: Ex-RBI Governor Subbarao

August 16, 2022 Vinayak Barot

New Delhi: On the vision of Prime Minister Narendra Modi’s to make India a $5 trillion dollar economy by 2024-25, former RBI Governor D Subbarao on Monday expressed his views, he said, “India may become a $5 trillion economy by 2028-29 only if the GDP grows at nine percent per annum consistently for the next five […]

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India To Emerge As Asia’s Strongest Economy Next Year: Report

August 11, 2022 Vinayak Barot

New Delhi: An American multinational investment management and financial services company, Morgan Stanley has predicted the growth rate of India for the next year. The company said, “India could emerge as Asia’s strongest economy in 2022-2023 on the back of robust domestic demand aided by economic policy reforms, a young workforce, and business investments.” According to […]

English

Ease of Doing Business: Developed nations keen to sign trade deals with India

August 10, 2022 Vinayak Barot

New Delhi: Amid rising business options and opportunities in India for business persons, Union Commerce and Industry Minister Piyush Goyal on Tuesday said, “Developed countries are very keen to sign trade deals with India now. The world now sees India as an engine of economic growth,” On the growth of the last 8 years, Piyush Goyal […]

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The Economy of India may be US$ 30 tn by 2050: Piyush Goyal

June 27, 2022 Vinayak Barot

New Delhi: Commerce and Industry Minister Piyush Goyal on Sunday joined the list of experts and leaders who have believed that India can grow immensely and has the potential to be one of the three largest economies in the world. According to the minister, India wants to capture the world market in all sectors, and the […]

Business

Economy of India Recovered Strongly Despite Three Covid Waves: US Treasury Report

June 11, 2022 Vinayak Barot

New Delhi: The Indian economy recovered strongly in the last few months despite facing three dangerous covid waves, the latest report prepared by the US Treasury said on Friday. Treasury in its semi-annual report said that “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, However, economic activity […]

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Economy: India’s GDP grows by 8.4 percent in July September

December 1, 2021 Vinayak Barot

New Delhi: India’s economy continued to expand in the July-September quarter, marking the fourth consecutive quarter of growth. India’s GDP grew 8.4percent on-year basis against a contraction of 7.4percent during the same period last year. According to the data released by the Ministry of Statistics and Programme Implementation, GDP at constant (2011-12) prices in Q2 […]

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IndRa

April 24, 2021 Vinayak Barot

(Mitesh Solanki) IndRa means India Ratings and Research. IndRa recently published cost of vaccination to all Indians ageing above 18 years which is nearly 67, 193 Rs. Above cost is close to 0.36% of Indian GDP. In Phase-3 of vaccination, Government of India announced that person above the age of 18 will eligible to get […]

English

Growth narrowed down due to intense lockdown, V-shaped recovery on its way, says Chief Economic Adviser

September 1, 2020 Vinayak Barot

Aditya Hore NEW DELHI, Sept 1: The Chief Economic Adviser K V Subramanian on Monday looked forward to a better economic performance by the country from the current and the subsequent quarters pointing out that India recorded 23.9 percent contraction in GDP in April-June due to the coronavirus lockdown but aided by a ‘V-shaped’ recovery in […]