India's unemployment rate drops to 3.1% in 2023: NSO
The report highlights that in rural areas, the unemployment rate declined to 2.4% in 2023, as against 2.8% in the preceding year.
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India’s GDP to grow at 7.3% in FY24: Govt’s 1st advance estimates
MoSPI’s national statistical office says construction will see a double-digit growth of 10.7% this year
Advance GDP estimates: NSO likely to peg FY24 GDP growth at 7%
GDP estimates are largely in line with RBI’s projections of 7% GDP growth for FY24
Economy to grow at 4% in Q4; downside risks to NSO’s FY23 estimates: Report
Elevated temperatures in northern regions and plausibility of severe upcoming heat waves to affect agricultural output and keep inflation at elevated levels, says a report.
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
The crystal ball: RBI report foresees NPA woes
According to the RBI, the gross NPA ratio of all scheduled commercial banks may increase from 7.5% in September 2020 to 13.5% by September 2021, and even escalate to 14.8% in severe stress scenario.
India’s GDP fall could be steep. But hope persists
As per National Statistical Office data, India's GDP may contract by 7.7% this fiscal year, worst since 1951-1952. The World Bank paints an even bleaker picture. But hope for recovery still abounds.
Economic recovery likely to be gradual: Das
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
‘Covid-19 hangs over the future, like a spectre’
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
RBI stays ‘consistent’ on rate and policy stance
At the last monetary policy meeting of FY20, the central bank kept the interest rate unchanged, with a warning to not read the ‘pause’ continually for its future actions.
