RBI slashes FY23 GDP growth forecast to 7% from 7.2%
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
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September 2022
August 2022
July 2022
Startup VC funding up 9.7% at $995 mn in Aug
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
ADB cuts India GDP growth forecast to 7% for FY23
India's GDP estimates for FY24 also slashed to 7.2% from 8.0%; ADB says inflation will remain elevated in this, next fiscal year
Businesses must be prepared for turbulence: HUL’s Sanjiv Mehta
One can never predict a risk-free world, says Mehta
Ukraine war, inflation, rate hike unlikely to derail Indian economy: Moody's
Moody's retains its sovereign rating for India at Baa3 with a stable outlook.
Govt curbs on wheat flour export as shipments rise 200% in April-July
Govt says Russia-Ukraine war has led to global wheat supply chain disruptions, increasing Indian wheat's demand and leading to price rise in domestic market
Govt, RBI closely monitoring rupee, says FM
Rupee has recovered from its all-time low of over ₹80 against the U.S. dollar to ₹78.6 currently. FinMin says rupee has strengthened against currencies like Pound, Yen and Euro
Indian economy to grow at 7-8% in H1 FY23: India Inc
CII CEOs poll reveals regardless of current disruptions, top industry CEOs have an “upbeat outlook” for H1 FY23
RBI should make efforts to internationalise rupee: SBI
Start to this can be made with some of the smaller export partners; global economy continues to be characterised by significant volatility, says latest SBI Research report
The Brief: Get Ready For Earnings Downgrades
EPS estimates are projected to be slashed over next two quarters as inflation hits India Inc.
