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India well placed for rapid recovery: Finance ministry report
Since the covid curbs have been lifted, Indian economy has made a strong comeback, with a majority of economic indices showing signs of improvement
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Finance ministry releases Rs 9,871 crore grant to 17 states
The grants are released as per the recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts
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Consumers have a positive outlook on economy: Report
When it came to overall expenditure, households have reported an increase, due to a higher spending on essential items
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Rural market outperforms urban areas in consumer demand
Rural consumption up 58%, compared to 28% in urban areas
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Impossible to become $5t economy by 2025, says Rangarajan
India's economy was $2.7 trillion in 2019, and by the end of March 2022, the country would be at the same level.
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Chief Economic Adviser Krishnamurthy Subramanian steps down
Subramanian has expressed his gratitude as well as praised the leadership of FM Nirmala Sitharaman and Prime Minister Narendra Modi.
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RBI maintains status quo for eighth time in a row
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
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Fitch slashes India’s FY22 GDP growth forecast to 8.7%
Since March 2020, the RBI has kept the repo rate at 4%, due to its focus on supporting the economy
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Inflation likely to peak by end of year: IMF
Consumer prices may recede to pre-pandemic levels by the middle of next year
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Moody’s rating upgrade is a shot in the arm: Analysts
A gradual fiscal consolidation will further boost the sentiment, say analysts
