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In a monetary policy announcement that exudes quiet confidence, RBI Governor Shaktikanta Das declared India’s economy to be in a state of “resilience and momentum.” Despite global economic volatility, India has maintained a path of robust growth and successful inflation […]
China’s top decision-making body, the Politburo, announced on Friday its commitment to “moderately” strengthen fiscal policy to propel economic recovery. Chaired by President Xi Jinping, the meeting focused on economic strategies for 2024, emphasizing the continuation of “proactive” fiscal policies […]
The recent government notification prohibiting sugar mills from using cane juice/syrup for ethanol production has caused disappointment in the stock market. This policy shift impacts sugar mills and investors who were banking on the government’s support for the ethanol blending […]
Japanese companies see India as a credible long-term partner for manufacturing as well as a top consumer market, Masahiro Goto, global head of investment banking at Nomura, told Swaraj Dhanjal in an interview. The Japanese firm is bullish on India […]
The Reserve Bank-led Monetary Policy Committee (MPC) is unlikely to tweak repo rates till June next year, according to a foreign brokerage report. The bi-monthly MPC meeting started on December 6 and the decision on rates will be announced on […]
The rupee appreciated 5 paise against the US dollar on Wednesday led by a bullish trend in domestic equities and sustained foreign fund inflows. The local currency ended at 83.33 a dollar as compared to previous close of 83.38. The […]
A recent report by S&P Global Ratings has projected that India is poised to become the world’s third-largest economy by 2030. As per the “Global Credit Outlook 2024,” India is anticipated to showcase robust economic growth, with its gross domestic […]
The Organisation for Economic Cooperation and Development (OECD) has issued a cautionary statement, signaling a deepening economic slowdown in advanced economies globally. The primary driver of this deceleration is identified as substantially higher interest rates, with potential for further escalation. […]
The Indian government is optimistic about achieving the goal of making India a $5 trillion economy in the near future, with Minister of State for Finance, Pankaj Chaudhary, expressing confidence in the trajectory during the ‘Amrit Kaal,’ aiming to transform […]
In a confluence of economic hurdles, China finds itself at a critical juncture grappling with a first-time quarterly deficit in Foreign Direct Investment (FDI), sustained drops in property prices across major cities, and a manufacturing contraction in October. These issues […]