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NEW DELHI: India's real GDP growth for the next fiscal could erode by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the West Asia conflict persists through the next fiscal, an EY report said. The EY Economy Watch report said that several sectors, including employment-intensive sectors like textiles, paints, chemicals, fertilizers, cement and tires, could be directly impacted. Any reduction in employment or incomes i ...Read More >
New Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries ...Read More >
Mumbai (Maharashtra) [India], June 7 (ANI): Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments staying in the negative territory. According to data released by NSDL, FPIs pulled out a total of Rs 8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market during most of the week. The withdrawal came amid global uncertainties and cautious ...Read More >
New Delhi: Indian Stock Market Foreign Investors: Foreign Portfolio Investors (FPIs) began the first week of June on a weak note in the Indian stock market, with net investments remaining in negative territory. According to data released by NSDL, FPIs pulled out a total of ₹8,749 crore from Indian equities during the week from June 2 to June 6. This indicates that foreign investors were net sellers in the market for most of the week. The withdrawal came amid global uncertainties and cautious in ...Read More >
Mumbai: Traders loaded up shares of banks and property developers on Wednesday in a tepid market in anticipation of a cut in the Cash Reserve Ratio - the percentage of a bank's total deposits required to maintain in cash with the RBI - in the central bank's three-day Monetary Policy Committee meeting ending on Friday. Analysts favour banks over real estate companies because of cheaper valuations. The Nifty Realty Index and Bank Nifty surged 2.1% and 1.1%, respectively; while the benchmark Nifty ...Read More >
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