Capital expenditure of 18 states surge 2.2% in H1 FY23: ICRA
The report says that there needs to be a whopping increase of 57% in the capital expenditure of these states to meet their FY23 budget target.
indian economy
December 2022
November 2022
MPC Meet: RBI may go for 35 bps repo rate hike, says SBI
The RBI may likely hike rates in smaller magnitude in December policy, attuned to emerging market central banks and the overall rate-setting tone, the SBI Research report says.
India’s GDP growth slows to 6.3% in July-Sept period
Q2 GDP growth eases due to lack of favourable base effect; in terms of GVA, growth for Q2 stands at 5.6%, a dip from 8.3% in year-ago period.
Global trade to slow down in 2022 and 2023: WTO
The WTO has cited global macroeconomic situations such as the Russia-Ukraine crisis, soaring energy prices, and monetary tightening in major economies to be among the reasons for the slowdown.
S&P Global cuts India’s GDP forecast by 30 bps to 7% for FY23
Earlier the rating agency had projected the country’s economic growth to be at 7.3% for the current fiscal year.
China not the only weak link in global economy, India too facing decline in exports: Moody's
India suffered a year-on-year decline in the value exports in October.
Easing commodity prices to dampen inflationary pressures: FinMin
The finance ministry has cited the rising fuel prices as a major contributor to the gap between CPI and WPI inflation in the past few months.
PLI capex deployment expected to pick up pace in 2024: ICRA
The rating agency says that the deployment of capex is expected to pick up only in FY24 for more than 80% of the invested projects such as semiconductors.
OECD slashes India GDP growth forecast to 6.6% in FY23
Before OECD, global agencies like Goldman Sachs, IMF, and Moody’s, among others, have cut growth projections for India on slowing exports and domestic demand, and high inflation.
India's GDP to grow at 6.5-7.1% in FY23: Deloitte India
The global consulting firm says the weak rupee, rising inflation, and global slowdown make the current economic environment volatile.
