Thursday, December 1, 2022

GDP

India to be world’s 2nd largest economy by 2050: Gautam Adani

Asia’s richest man Gautam Adani on Saturday said India, which took 58 years to become a trillion dollar economy, will add an equivalent sum to GDP every 12-18 months and will be the world’s second largest economy by 2050.Speaking...

India’s debt ratio to be 84 pc of its GDP: IMF

India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain, a senior IMF official...

SL will remain ‘middle-income’ country, Prez office clarifies

Sri Lanka will remain a ‘middle-income’ country, the President’s media division announced on Tuesday, even as it requested the World Bank to grant concessional loans to tide over the unprecedented economic crisis, hours after the cabinet approved a proposal...

WTO cuts trade, GDP forecast for 2023

The World Trade Organization on Wednesday raised the global merchandise trade volumes will grow by 3.5% in 2022—slightly better than the 3% forecast in April. However, it lowered the forecast to 1% for 2023, from the previous estimate of...

‘New India prepared to deal with any threat in healthcare sector’

Union Health Minister Mansukh Mandaviya on Friday underlined the need for de-politicising the discussions on health policy and infrastructure and adopting a more holistic approach across the whole spectrum of the populace.He also asserted that a new India is...

ADB cuts India’s GDP forecast for FY23 to 7pc

The Asian Development Bank (ADB) on Wednesday slashed India’s GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy.India’s economy grew...

India poised to grow at 7% this year: CEA

India’s economy is well poised to grow at a sustained rate of seven per cent “as we go into 2023” and for the rest of the decade, chief economic advisor V Anantha Nageswaran said on Tuesday. His projections are...

Healthy revenue buoyancy expected for rest of the year: Finance Ministry

India is in a better position to calibrate its liquidity levels without abruptly stalling growth, even as healthy revenue buoyancy is expected to continue for the rest of the year and the touch services sectors rebound. However, downside risks...

FinMin mulls changes in insurance laws to boost penetration: Report

The finance ministry is contemplating changes in insurance laws, including reduction in minimum capital requirement, with a view to increasing the insurance penetration in the country.Insurance penetration in India increased from 3.76 per cent in 2019-20 to 4.20 per...

Moody’s on India’s growth potential

Days after Moody’s cut its gross domestic product (GDP) forecast for financial year 2022-23 (FY23) after the official GDP print for the June quarter came in lower than expectations, the global ratings agency said it will maintain its long-term...