Tag: Economy

Retail inflation climbed to a 16-month high of 4.62% in October, driven by food inflation, which hit its highest level since August 2016, official data on Wednesday showed. The Consumer Price Index (CPI) grew sharply in October from 3.99% in September, which itself was the highest reading in 14 months. The inflation level in October […]

GDP growth in the current financial year could be just 5% according to a research report by State Bank of India (SBI). This is a sharp cut from the earlier projection of 6.1% for fiscal 2019-20. The second quarter GDP number, scheduled to be announced at the end of this month, could fall to 4.2%, […]

An SBI research report on Tuesday sharply cut the country’s GDP growth forecast to 5% for FY 2019-20 from the earlier projection of 6%. The second quarter GDP growth rate is likely to slip to 4.2% on account of low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment […]

India’s plastic exports for September 2019 declined by 16.8% to $649 million from $780 million in September 2018, as per data with the Plastics Export Promotion Council (Plexconcil). The cumulative value of plastics export from India during April 2019 to September 2019 saw a negative growth of 5.9% to $4,324 million as against $4,594 million […]

Putting an end to 11 months of consecutive decline, wholesale passenger vehicle (PV) sales in the country saw a marginal increase in October, mainly on the back of some improvement in consumer sentiment during the festive season. Sales of domestic passenger vehicles rose 0.28% to 2,85,027 units in October 2019, compared with 2,84,223 units in […]

Australia still hopes to see India join the 15-nation ASEAN led Regional Comprehensive Economic Partnership that the government decided to quit last Monday, said former Australian secretary for foreign affairs and trade Peter Varghese, who is the author of the paper on Australia’s economic strategy for India, adding he hoped that India’s decision was not […]

Passenger vehicle sales in the country rose marginally by 0.28% during October 2019, breaking a 11-month declining streak, mainly driven by festive buying amid deep discounts. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger vehicle sales stood at 2,85,027 units in October, a slight uptick from 2,84,223 units in […]

Finance Minister Nirmala Sitharaman on Sunday unveiled a book on global finance and said it suggests solutions for challenges that the world and Indian economy is currently facing. Launching the book titled The Rise of Finance: Causes, Consequences and Cure, Ms. Sitharaman said it will help “understand the current economic situation facing both the world […]

If you’re wondering why I didn’t address the straight question of ‘how to choose mutual funds,’ here’s the straight answer: there’s no cookie-cutter approach to it. Many factors such as your life situation, requirement and risk capability play a role in choosing mutual funds, besides the fund performance. But if I can list some of […]

India and the European Union committed once again to restarting talks on a free trade agreement, but did not spell out a roadmap on how to break the six-year old logjam in talks. European officials also remained sceptical about how quickly the talks could be restarted, given a number of issues, including India’s decision to […]