Its earlier estimate of 7.1-7.4 per cent was given during the April review.... The review further noted that the rate of expansion in the economy is back to the high growth trend of 7-8 per cent observed prior to the slowdown since 2017-18.... A pick up in private consumption and investment is likely to maintain the growth momentum....

and Policy( NIPFP) said in a mid-year macroeconomic review on Friday.... “ The Q1 industrial

The government on Friday doubled the limit of Mudra loan amount under the Pradhan Mantri Mudra Yojana( PMMY) to Rs 20 lakh from Rs 10 lakh under a new ‘Tarun Plus’ category to promote entrepreneurship in the country.... The move aligns with the government’s commitment to fostering a robust entrepreneurial ecosystem, ” said the Finance Ministry in a press statement.... Finance Minister Nirmala Sitharaman announced the same in her July 2024 Union Budget speech, saying: “ The limit of Mudra loans

Union Finance Minister Nirmala Sitharaman raised the issue for fairness and accuracy in sovereign ratings for emerging markets and developing economies( EMDEs) during her address at the International Monetary Fund's( IMF) 2024 Annual Meeting.... " There is need for sovereign ratings to adequately account for EMDEs economic fundamentals to ensure the cost of capital for them and their ability to attract private capital is factored in," Sitharaman said.... " FM also underlined engagement with cr

The reasons for this perceived optimism are: fewer supply disruptions; increased pent-up demand in the traditional and contact-intensive services; and a buoyant global economy." Even so, if two pandemic years are taken together, there would be a very small net growth.... Before joining the think-tank, she was the lead economist at the World Bank.... A large part of this decline is on account of the slowdown in private investment. She noted that the Economic Survey 2017-18 had shown that the in

The inflation trajectory is likely to sequentially moderate from the last quarter of the ongoing financial year, Reserve Bank of India Governor Shaktikanta Das said on Saturday, while cautioning against risks to it by worsening geopolitical conflicts and unexpected weather events.... The governor reiterated that the Indian economy has rebounded from the severe contraction imposed by the COVID-19 pandemic, and averaged a real GDP growth of above 8 per cent during the last three financial years..

The December meeting of the Reserve Bank of India’s( RBI’s) six-member Monetary Policy Committee( MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends this month.... The outcome of the meeting will be announced on Friday by Das at 10 in the morning.... He got an extension in 2021 and completes his current term next week....