Its FY23 projection would still be better than many Topics Indian Economy | GDP forecast | GDP The International Monetary Fund (IMF), in its next World Economic Outlook report, is likely to cut its growth forecast for India to 8-8.3 per cent from the current 9 per cent for fiscal year 2022-23, a source familiar with the matter said.…Continue Reading
The Yukon government says a steadily growing economy will keep the territory in the black this year, despite the ongoing costs associated with the COVID-19 pandemic.Yukon Premier Sandy Silver, seen here being sworn in after last spring’s election, says this year’s territorial budget reflects his government’s ‘responsible fiscal management’ even through the pandemic. (Mark Kelly/The Canadian…Continue Reading
Ministry of Steel NMDC Exhibits a 125% growth in first nine months of FY22 Posted On: 09 FEB 2022 12:11PM by PIB Delhi The largest iron ore producer of India, National Mineral Development Corporation (NMDC), under Ministry of Steel registered a 125% growth in turnover of Rs.19,179 crore for the first nine months of FY22…Continue Reading
Ministry of Steel NMDC Exhibits a 125% growth in first nine months of FY22 Posted On: 09 FEB 2022 12:11PM by PIB Delhi The largest iron ore producer of India, National Mineral Development Corporation (NMDC), under Ministry of Steel registered a 125% growth in turnover of Rs.19,179 crore for the first nine months of FY22…Continue Reading
With India’s real GDP estimated to grow 9.2 per cent in 2021-22, the economy stands to recover 101.3 per cent of the pre-pandemic output of 2019-20, the Budget documents said on Tuesday. It further said India’s economic growth is supported by a strong rebound seen in several high-frequency indicators in the third quarter of 2021-22…Continue Reading
Synopsis“One has to be very careful in the consumer facing companies which are using commodity as a huge part of the costs as the commodity prices are going up. So barring those companies, one can see volume growth in the consumer companies.”ETMarkets.com“The capex cycle along with the government expenditure and the consumer spending are the…Continue Reading
Mumbai: Ltd. believes that the Indian market, which grew 15% year-on-year in the December quarter, will be platform-driven as more businesses and govt entities digitise their processes. Businesses in the BFSI (banking, financial services and insurance), retail and manufacturing sectors are adopting these solutions heavily since the launch of the India Stack— a number of…Continue Reading
SynopsisU.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum early in the fourth quarter.AgenciesThere are concerns that the White House’s vaccine mandate, which comes into effect on Jan. 4 and applies to federal government…Continue Reading
Industry chamber PHDCCI on Sunday said it expects strong GDP growth in the coming quarters with the economic recovery gaining momentum. Out of the 12 lead economic and business indicators of QET (Quick Economic Trends), tracked by the industry body, nine have shown an uptick in the sequential growth for the month of September 2021…Continue Reading
“We are confident about the demand outlook and we are gearing ourselves up for that whether it be in terms of capacity, whether it be in terms of investments on capabilities and our offerings portfolio and the kind of partnerships and ecosystem relationships that we are creating,” says Rajesh Gopinathan, CEO & MD, . It…Continue Reading