CPI inflation for January rises 3-month high at 6.52%
Earlier, retail inflation fell to 5.72 percent in December. It was 5.88% in November and will be 6.77% in October 2022.
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China’s GDP growth rate of 3% in 2022 is the slowest in decades
Beijing set a target of 5.5 percent, which is already much lower than the performance of 2021, when the country's GDP expanded by more than eight percent.
Indian economy would grow at a strong 6.6% in FY24: World Bank
Even if the world is "perilously close" to entering a recession, there are "limited spillovers" to Asia's third-largest economy.
India’s economy would reach $5 trillion by 2025: Nitin Gadkari
According to Union Minister Nitin Gadkari, India has the world's fastest-growing major economy and is on track to reach a $5 trillion GDP by 2024 or 2025.
WPI inflation decreased in November to a 21-month low
In November, the WPI was 5.85%. The WPI remained below the double-digit threshold for the second straight month in this period.
RBI has lifted informal limitations on rupee NDF trades
According to another trader at a private sector bank, the RBI now thinks that banks exploiting any mispricing between the two markets pose no threat to the currency.
RBI will add new UPI payment features that permit multiple debits
The new UPI feature is anticipated to make investing in securities and making payments for online purchases easier.
RBI raises the key lending rate by 35 basis points and projects 6.8% GDP growth
After the Monetary Policy Committee meeting, the Governor of the RBI announced the increase.
India’s GDP increased at 6.3% between July-September
According to information made public by the National Statistical Office, the gross domestic product (GDP) increased by 8.4% in the quarter from July to September of 2021–2022. (NSO).
India’s wholesale inflation falls below the double-digit mark in October 2022 to 8.39%
India WPI Inflation October 2022: From April 2021 to September 2022, there were 18 straight months during which the wholesale price index (WPI) remained above 10%.
Gap between rich and poor increased says Unilever CEO Alan Jope
Unilever CEO Alan Jope says that the gap between rich and poor has increased, he talks about the income disparity increased in many countries due to covid pandemic.
Promoters of GR Infra announce the sale of up to 6.8% of the company
Offer For Sale is a procedure which allows the promoters to reduce their holdings listed in the company openly.
UK drops behind India to rank as the sixth-largest economy in the world
In the final three months of 2021, India outpaced the UK to become the fifth-largest economy.
India’s external debt increased 8.2% to $620.7 billion till March 2022
As of the end of March 2022, the ratio of foreign currency reserves to external debt was 97.8 percent, down from 100.6 percent a year earlier.
Due to concerns about growth, the RBI may slow the pace of rate hike: Deutsche Bank
The third-largest economy in Asia experienced quarterly growth of 13.5%, which was less than the RBI's target of 16.2% and the 15.2% predicted by experts in a Reuters poll.
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