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Mumbai: India's economy is expected to grow above 7.5 per cent in real terms in FY27, supported by easing fiscal and monetary conditions, low inflation, and ongoing regulatory reforms, according to Axis Bank's India Economic Outlook 2026 report. "With fiscal and monetary headwinds receding, GDP growth has picked up in FY26. In FY27, the pace of fiscal consolidation should slow further (20bps), and lagged effects of monetary easing should become visible, pushing growth to 7.5 per cent (above tre ...Read More >
MUMBAI: Structural and regulatory reforms, lower borrowing costs, accelerated capital formation, benign inflation and a cyclical boost from policy easing, will help the economy gain more momentum in FY27 clipping at 7.5% according to a private forecast. According to Neelkanth Mishra, the chief economist at Axis Bank and head of research at Axis Capital, the economy can sustain above-trend growth without inflationary pressures given economic slack and he told reporters here Tuesday that he expect ...Read More >
MUMBAI: Structural and regulatory reforms, lower borrowing costs, accelerated capital formation, benign inflation and a cyclical boost from policy easing will help the economy gain more momentum in FY27, growing at 7.5% according to a private forecast. According to Neelkanth Mishra, the chief economist at Axis Bank and head of research at Axis Capital, the economy can sustain above-trend growth without inflationary pressures given economic slack. He told reporters here Tuesday that he expect th ...Read More >
NEW DELHI, - India's exports leapt in November in defiance of U.S. President Donald Trump's steep tariffs, providing fresh leverage in ongoing trade talks with Washington and easing pressure on New Delhi to strike a quick deal. Shipments to the United States rose more than 22% in November from a year earlier, outpacing India's overall export growth of more than 19%, which lifted total goods exports to $38.13 billion, government trade data released on Monday showed. Goods exports were the highe ...Read More >
New Delhi: Wholesale prices stayed in deflation territory for the second straight month at 0.3% in November, as food articles, mineral oils, crude petroleum and natural gas were cheaper compared with a year earlier, official data released on Monday showed. The Wholesale Price Index (WPI), however, gained marginally from October, when it fell 1.2% on year, because of a seasonal uptick in the prices of some food items. Retail inflation, meanwhile, accelerated marginally to 0.71% in November from ...Read More >
New Delhi, Dec 5 (SocialNews.XYZ) The Reserve Bank of India's decision to cut the repo rate is a move that uses the monetary space created by low inflation to stimulate consumption and strengthen the growth cycle, bankers said on Friday. Sakshi Gupta, principal economist at HDFC Bank, said the cut was in line with expectations as GDP growth had inched up above 8 per cent in Q2 FY26, the risk from external headwinds on exports continuing to linger on. She said that the sustainability of festive‑ ...Read More >
Karnataka DyCM DK Shivakumar slammed the BJP and Union government, saying they are not concerned about farmers. He urged action to secure funds for irrigation projects including Upper Krishna, Mekedatu, and Mahadayi. Raichur: Karnataka Deputy Chief Minister DK Shivakumar on Wednesday challenged the state BJP leaders to join hands with him in putting pressure on the Centre to secure funds for the state's irrigation projects. Add Asianet Newsable as a Preferred Source Addressing Congress party ...Read More >
BENGALURU -- The US Federal Reserve will lower its key interest rate by 25 basis points (bps) next week and again in December, according to a Reuters poll of economists who remain deeply divided on where rates will be by the end of next year. A month ago, economists had expected just one more cut this year. But the new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions. Caught between the dual risks of already-elevated inflation climbing higher due ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) India experienced a bumper festive season this year, with sales of consumer goods, automobiles, jewellery, handicrafts, and decorative items recording a sharp surge during Diwali, signalling renewed consumer confidence and economic momentum, economists said on Wednesday. Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings, stated that the surge reflects a strong revival in domestic demand and a growing preference for Indian-made products. "There has be ...Read More >
BENGALURU :Bank Indonesia (BI) will cut its key interest rate at its fourth consecutive meeting on Wednesday, taking it to 4.50 per cent, as policymakers put greater weight on supporting economic growth despite continued weakness in the rupiah, a Reuters poll of economists showed. Last month, the central bank surprised markets with a rate cut and Governor Perry Warjiyo said it was going "all out" to bolster growth while maintaining financial market stability. The rupiah has regained some groun ...Read More >
BENGALURU, Oct 1 (Reuters) - India's manufacturing sector expansion lost some momentum last month, slipping to its weakest pace in four months but remaining strong, while factory gate prices surged at the fastest rate in nearly 12 years to combat mounting input costs, a survey showed on Wednesday. That suggests the United States' punitive 50% tariffs on Indian goods could be starting to bite Asia's third-largest economy, which has been the fastest growing among major nations this year. HSBC's ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Economists and industry experts said on Wednesday said that amid a major demand push after the reduction in the GST rates, the RBI has adopted a cautious approach of holding the repo rate at 5.5 per cent. "It will also help navigate the global uncertainties and choppy waters. With low inflation and steady policies, corporates can plan their finances carefully and invest wisely," said Srinivasan Vaidyanathan, Operating Partner, Essar Capital. "While this stance ...Read More >
New Delhi: Harvard University economist Kenneth Rogoff on Wednesday said the high tariffs on several countries, including India, and the steep H-1B visa fee hike imposed by the Trump administration will hold back the US economic growth. US President Donald Trump's decision to increase the application fee for H-1B visas is expected to impact Indian nationals, who accounted for almost 70 per cent of all such visas issued in the last few years. "The new visa rules were done in a very haphazard ma ...Read More >
New Delhi: Higher spending and lower net tax collection widened the Centre's fiscal deficit up to August in this financial year to 38.1% of the annual target, compared with 27% a year before, showed the official data released on Tuesday. In absolute terms, the fiscal gap stood at ₹5.98 lakh crore until August, against ₹4.35 lakh crore a year before, the data showed. The Centre front-loaded its spending this fiscal, especially on capital projects, to support economic growth, unlike in the initi ...Read More >
New Delhi, Sep 30 (SocialNews.XYZ) The government has cleared the appointment of Asheesh Pandey as Managing Director and Chief Executive Officer of Union Bank of India, and Kalyan Kumar as the new head of Central Bank of India. Both appointments are for a period of three years. The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, approved the appointments. Pandey, who is currently serving as Executive Director of Bank of Maharashtra, will take charge as MD and CE ...Read More >
New Delhi: The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan. Speaking on the possible impact of such a move with ANI, Badhan noted that even if the RBI goes ahead with a 25 bps cut in October, the GDP forecast for FY26 is unlikely to see any revision. "Even if RBI decides to cut rat ...Read More >
New Delhi [India], September 30 (ANI): The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan. Speaking on the possible impact of such a move with ANI, Badhan noted that even if the RBI goes ahead with a 25 bps cut in October, the GDP forecast for FY26 is unlikely to see any revision. "E ...Read More >
NEW DELHI: Industrial output growth moderated in Aug, led by manufacturing, which eased during the month after a robust outcome in July. Meanwhile, mining rebounded after four months, and the electricity sector rose to a five-month high.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose an annual 4% in Aug, slightly lower than the upwardly revised 4.3% in July. It recorded flat growth in Aug 2024.The slowdown in the manufacturing ...Read More >
Mumbai: Purchases of Indian bonds by overseas investors slowed in September after rising over the past two months as a fall in the rupee made investors cautious. The rupee, which is the worst performing currency among in Asia this year, has been under pressure mostly through September on mounting worries of higher US tariffs. On September 23, it fell to a fresh record low of 88.7975 per dollar. A weak rupee erodes returns for foreign portfolio investors. Net inflows in the fully accessible rou ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Union government on Monday appointed Shirish Chandra Murmu as a Deputy Governor of the Reserve Bank of India for a tenure of three years. Murmu's appointment was approved by the Appointments Committee of the Union Cabinet and would come into effect from October 9. He will replace M. Rajeshwar Rao, whose extended service is set to end on October 8. Currently, he is serving as Executive Director at the RBI, looking after the Department of Supervision. As p ...Read More >
New Delhi: The government has appointed Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India for a three-year term. Murmu would replace M Rajeshwar Rao, whose extended tenure is coming to an end October 8. The Appointments Committee of the Cabinet has approved his appointment for a period of three years from the date of joining the post on or after October 9, sources said Monday. Murmu is currently Executive Director at the Reserve Bank of India (RBI), overseeing the Departme ...Read More >
Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29. The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world. The sharp rally in precious metal ...Read More >
Mumbai, Sep 29 (SocialNews.XYZ) The three-day Reserve Bank of India's Monetary Policy Committee (MPC) meeting, starting Monday, is widely expected to hold its key policy rate at 5.50 per cent. However, a surprise cut cannot be ruled out amid US trade tariffs and low inflation, according to analysts. The RBI has cut rates by 100 basis points since the start of the year. The MPC meeting is scheduled from September 29 to October 1, where the central bank is expected to review interest rates. Cur ...Read More >
MUMBAI (Reuters) -The Reserve Bank of India is widely expected to hold its key policy rate at 5.50% on Wednesday, though some economists say a surprise cut cannot be ruled out as it weighs the impact of U.S. trade tariffs and subdued inflation. A Reuters poll showed nearly three-quarters of economists expected a pause, but major banks including Citi, Barclays, Capital Economics and SBI have flagged the possibility of a cut citing downside risks to growth and a benign inflation outlook. The RBI ...Read More >
MUMBAI: Mint Road observers are divided over the outcome from the three-day monetary policy committee (MPC) meeting beginning Monday, with some expecting the rate-setting panel to deliver yet another surprise rate cut on Wednesday, while others expect the status quo to continue. More economists are expecting the status quo wherein the Reserve Bank led MPC leaving the rates unchanged at 5.50, while two led by SBI's chief economist Soumya Kanti Ghosh and an economist at the Japanese brokerage Nom ...Read More >
Manmohan Singh was an eminent economist and served as Reserve Bank of India Governor from 1982 to 1985. New Delhi: Prime Minister Narendra Modi on Friday paid tribute to Former Prime Minister Manmohan Singh on his 93rd birth anniversary, recalling his contributions to the nation during his years in public life. In a post on X, PM Modi wrote, "Tributes to former PM Dr. Manmohan Singh Ji on his birth anniversary. We recall his contributions to our nation during his long years in public life." ...Read More >
New Delhi, Sep 26 (SocialNews.XYZ) Top Congress leaders and the party on Friday paid glowing tributes to former Prime Minister, late Dr. Manmohan Singh on his birth anniversary, recalling his long years of service and contributions to the nation's progress as the "gentle architect of India's economic transformation." Leader of Opposition in the Lok Sabha and Congress MP Rahul Gandhi paid tributes to the departed leader on his X handle and posted a picture of the late leader. "My respectful tri ...Read More >
New Delhi, Sep 26 (PTI) Congress president Mallikarjun Kharge and former party chief Rahul Gandhi on Friday paid homage to former prime minister Manmohan Singh on his birth anniversary. They remembered him as a man of humility and wisdom, and for his historic contribution to building a strong economy. In a post on X, Kharge said they remember the contribution of Singh in nation-building. He was a gentle architect of India's economic transformation. "A man of humility and wisdom, he carried hi ...Read More >
New Delhi [India], September 26 (ANI): Prime Minister Narendra Modi on Friday paid tribute to Former Prime Minister Manmohan Singh on his 93rd birth anniversary, recalling his contributions to the nation during his years in public life. In a post on X, Modi wrote, "Tributes to former PM Dr. Manmohan Singh Ji on his birth anniversary. We recall his contributions to our nation during his long years in public life." Born on September 26, 1932, Manmohan Singh was an eminent economist and served as ...Read More >
New Delhi, Sep 26 (SocialNews.XYZ) Prime Minister Narendra Modi on Friday paid tributes to former Prime Minister, late Dr. Manmohan Singh on his birth anniversary, recalling his long years of service and contributions to the nation. The Congress, too, paid tributes to its departed leader. In a post on X, PM Modi wrote: "Tributes to former PM Dr. Manmohan Singh Ji on his birth anniversary. We recall his contributions to our nation during his long years in public life." The former Prime Minister ...Read More >
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