Economy

Govt slashes Nov gold import data by $5 billion in commodity revision

The $5 billion revision was attributed to a 'calculation error' caused by alleged double counting of gold shipments in warehouses following a change in methodology in July

Centre slashes Nov gold imports by $5 bn in record commodity revision

The spike in gold imports widened the country's merchandise trade deficit to a record $37.84 billion in November, significantly exceeding economists' forecast of $23.9 billion

India's 2024 power output growth slowest since Covid-19, shows data

Power output rose 5.8 per cent annually to 1,824.13 billion kilowatt-hours (kWh), an analysis of daily load despatch data from federal grid regulator Grid-India showed

Centre focuses on new strategy to tackle mounting economic challenges

Asia's third-largest economy forecast annual growth of 6.4 per cent in the fiscal year ending in March, the slowest in four years

FY25 GDP growth of 6.4% underwhelms, but are there silver linings?

Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP, respectively

Govt's fiscal deficit target in reach despite lower GDP estimate

The Budget had assumed nominal GDP to grow 10.5 per cent for FY25

Fintech sector voices concerns amid regulatory fears in meeting with FinMin

The fintech sector has expressed its concerns about declining investments, particularly from abroad, as the narrative around this sector has become less positive

Consumption jump, slower capex likely in FY25: NSO's 1st advance estimates

Rural spending may drive consumption growth, while capex may moderate amid fiscal constraints

FY25 GDP growth may slip to 4-yr low of 6.4%: NSO's first advance estimates

Falls short of RBI estimate; better showing in agri and manufacturing expected in H2

10th oil and gas bidding round only after passage of oilfield Bill

Upcoming legislation meant to streamline exploration and production

India's real GDP growth to come in at 6.2% in FY25, 6.5% in FY26: HSBC

The Q2FY25 growth number at 5.4 per cent was disappointing, HSBC said in a report, adding that it expects the gross value added growth in the December quarter to go up to 6.5 per cent

India's fuel consumption rises 2.1% to hit seven-month high in December

On a monthly basis, fuel demand was up over 1 per cent from 20.46 million tons in November, data from the Petroleum Planning and Analysis Cell's (PPAC) website showed

Monthly natural gas trades shoot up 129% in Dec: Indian Gas Exchange

Rising global prices, cut in APM gas allocation behind higher trades

FinMin to hold meeting with MFI players on Wed amid rising bad loans

Credit to the microfinance sector by banks (including SFBs), NBFC-MFIs and other NBFCs has decelerated during the current financial year so far after witnessing rapid growth during the last three year

Budget for outcomes: Governance and financing reforms hold the key

The challenges to inclusion need to be addressed head on with governance changes and higher untied funding with community accountability and ownership

Rising wheat prices also have a subsidy aspect, thanks to open market sales

According to traders, the price spike this time could last a little longer as the Centre's ability to intervene in the market through open market sales might get squeezed due to dwindling stocks

India's GDP likely to grow 6.4% in 2024-25, show first advance estimates

Economic Survey had projected a GDP growth of 6.5% to 7%. This was later revised to 6.5% by the finance ministry in November 2024

2023 income inequality exceeded 1950s levels in India, says report

The Gini coefficient measures the extent to which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution

Demand buoyancy pushes services PMI to 4-month high of 59.3 in December

The higher demand supported output growth and prompted firms to recruit additional workers

Railways ministry spends 76% of FY25 capital expenditure by December

The ministry has spent Rs 1.91 trillion from the gross budgetary support, Rs 824 crore from external resources, and Rs 8,733 crore from extra-budgetary resources on infrastructure creation