Economy
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India-China trade marks record surge in 2021, export jumps over 34℅: Report
The percentage of raw material, intermediate goods and capital goods imports from China rose in 2021 as compared to 2019.
IMF releases revised World Economic Outlook, cuts India’s growth forecast to 9% for FY22
The global economic growth is expected to be at 4.4% for 2022 & it is likely to be slow down to 3.8% in 2023.
India’s GDP to grow by 9.2% in FY22: Govt data
The economy had succumbed by 7.3 per cent in the previous financial year.
World Economy set to hit $100 trillion in 2022: Report
India looks set to overtake France next year and then Britain in 2023 to regain its place as the world`s sixth-biggest economy.
Foreign Investors pull out ₹17,696 crore in Dec amid Omicron uncertainty
If the situation worsens, the investors might further redeem investments from turmoil-prone markets like India.
Europe overtakes China in creating billion-dollar tech start-ups
China has been overtaken by Europe in creating billion-dollar tech startups, according to a new analysis.
Four major Airlines owe AAI ₹2,700 crore in dues
Air India owes about ₹2,350.62 crores, Alliance Air owes ₹109.81 crores, SpiceJet Ltd ₹185.52 crores, and GoAir ₹56.53 crores to the Airport authorities.
IT Minister encourages banks to create digital platform for credit availability
IT Minister Ashwini Vaishnaw encouraged the banking industry to create an innovative digital platform like UPI for providing quick and easy credit.
India’s GDP likely to grow more than 9.5% in FY2021-22: Report
India’s GDP is likely to grow more than 9.5% this year according to the SBI research report.
Speculations on Cryptocurrencies regulation not healthy: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman mentions that the speculations on the Cryptocurrencies regulations are not healthy.
India’s GDP expected to grow by 8.1% during the second quarter in FY22: SBI Report
In the first quarter of FY 22, the economy expanded by 20.1 per cent. For fiscal 2022, RBI has rated real GDP growth at 9.5 per cent — 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.
India witnesses a decline in forex reserve by $1.14 billion
The country's reserve position with the IMF reduced by USD 14 million to USD 5.228 billion in the reporting week, the data presented.
Economic recovery accelerates as COVID-19 cases decline: Finance Ministry
The economy would have recovered faster if severe rain had not hampered building, mining, and electricity usage, according to the finance ministry.
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