," Debroy said. But a statistical effect is also in play.... “ Part of the reason of this—I want to

Economic Advisory Council to the Prime Minister Chairman Bibek Debroy on Tuesday said the

period of two years with Bibek Debroy continuing to head the think tank. Former RBI deputy governor

Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with" mission-mode" reforms being undertaken by his government.... Speaking at the BRICS Business Forum Leaders' Dialogue here, Modi also said India soon will become a USD 5 trillion economy.... Modi is on a visit to South Africa, which is hosting the first in-person summit of BRICS comprising Brazil, Russia, India, China, and South Afr

A meeting of the Economic Advisory Council to the Prime Minister( EAC-PM) was held in Delhi on Thursday.... " All the members unanimously agreed on the Budget of 2021-22 that it was well taken in all the spheres due to the transparency, realism, reformist and clear growth-oriented Budget," EAC-PM said in a statement.... Looking beyond the current year, 2021-22, members were optimistic about real and nominal growth prospects in 2022-23....

Meanwhile, domestic crude production witnessed an annual rise of 2.1 per cent, reaching 2.50 MMT in July.... The production marked a sequential growth of 2.8 per cent from the 2.43 MMT registered in June.... Out of the 2.5 MMT produced, state-owned Oil and Natural Gas Corporation( ONGC) contributed 1.62 MMT, followed by Oil India Limited( OIL) at 0.28 MMT....

India's circular economy could generate a market value of over$ 2 trillion and create 10 million jobs by 2050, the country's G20 Sherpa Amitabh Kant said Monday. Addressing an event here, Kant further said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the global circular economy market." This is a huge opportunity because, by 2050, India's circular economy could generate a market value of over$ 2 trill

One may have to wait till September to see the retail price inflation going below the Reserve Bank of India( RBI)'s comfort zone of six per cent.... Even though seasonal, food items drove the inflation rate to a 15-month high of 7.44 per cent in July against 4.87 per cent in the previous month.... While tomato prices cooled a bit in August, onion rates rose, compelling the government to impose a 40 per cent duty on exports of the bulb vegetable and raise its buffer stock to 0.5 million tonne f

Banks in West Bengal are making huge investments in labour-intensive micro, small, and medium enterprises( MSMEs), leading to rapid economic growth in the state, Principal Chief Advisor Amit Mitra said in a media briefing on Tuesday.... Moreover, this growth leads to huge employment creation.... Today, the state’s economy is the fifth largest in the country and is more than$ 200 billion, ” he added....

Russian officials say Washington’s supply of increasingly sophisticated system heightens the prospect of direct conflict between Washington and Moscow.“ We are not planning to attack Russia," Mr.... We have the war on our territory." Russia has accused Ukrainian forces of attacking border areas inside Russia, while Ukraine has denied a role in such incidents.... Systems Kyiv currently operates, if fired from near Russian territory, could reach deeper into the country....