Economy 20/57

India 'fairly' confident of cutting fiscal deficit to 4.5% of GDP in 3 years: Oficial

NEW DELHI: India is 'fairly' confident it can meet its target to cut its fiscal deficit by nearly 200 basis points to 4.5% of GDP in the...

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Budget 2023: Huge relief for middle-class, no income tax till ₹7 lakh

In a big relief for the country's growing middle class, the government has rejigged the income-tax slabs in the new tax regime and said...

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Indian economy retains its crown as a bright spot: IMF report

India's economy has retained the crown of "a bright spot" in the International Monetary Fund's latest World Economic Outlook report...

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The Global Economy Needs a New Powerhouse. India Is Stepping Up

India’s economic transformation is kicking into high gear. Global manufacturers are looking beyond China, with Prime Minister Narendra...

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India's digital payments in 2022 more than US, UK, Germany, France economies combined: Ashwini WEF

The digital payment landscape in India has been transformed. While some of the developed countries are facing problems, India has emerged...

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India's services exports to cross USD 300 bn target for this fiscal: Piyush Goyal

The country's services exports are doing "extremely well" and going by the current trend these outbound shipments would register about 20...

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Budget 2023: What will help India ship $1 trillion worth of goods?

India's exports witnessed unprecedented growth over the last two years, reaching a record high of $420 billion during the financial year...

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China has a New Plan to Strengthen its Data Economy

The Chinese government released a new document outlining 20 measures for strengthening its data economy. China defines data as a new...

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China Records Steady FDI Growth in 2022

Foreign direct investment into China slowed in 2022 compared to the previous year, but growth nonetheless remained steady. Manufacturing...

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India flexes its muscle at Davos as China’s star fades

The promenade at the World Economic Forum, dusted in a blanket of fresh snow, is cluttered with signs and pavilions from companies and...

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India better off than many global economies: Gita Gopinath

IMF deputy managing director Gita Gopinath has cautioned that India needs to work on labour markets and land, even as she hailed the...

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India's GDP will hit $26 trillion by 2047, says EY report

India’s GDP will reach $26 trillion (in market exchange terms) and its per capita income will touch $15,000 by 2047, firmly establishing...

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Davos 2023: China recovery could be very quick, says IMF's Gita Gopinath

China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the...

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India to speed up deficit reduction as fiscal target looms

India is preparing a stepped-up deficit reduction plan in its annual budget due out next month, two government officials said, holding...

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MFIs to play leading role in India's economic growth: Study

Microfinance institutions, which have acted as a financial support system to low-income households by offering credit access to six crore...

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Is 6% growth possible? Nirmala Sitharaman has her work cut out

Finance Minister Nirmala Sitharaman has been giving the right type of bytes to the media prior to the Budget, talking about boosting...

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Indian economy to grow at a robust 6.6% in FY24, says World Bank

The World Bank on Tuesday projected the Indian economy to grow at a robust 6.6 per cent in 2023-24 (FY24), slowing down from an estimated...

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India great example of how financial inclusion can work: German envoy Manfred Auster

India is a great example of how to bring about financial inclusion and it needs to share this experience with the world at large, a...

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Hit by Covid-19 bumps, what new turns will China take in its road to economic recovery?

Just as the third year of the Covid-19 pandemic was drawing to a close, China’s policy pendulum finally swung from stamping out and...

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Black money is no more an issue with India, says Swiss envoy

Swiss ambassador to India Dr Ralf Heckner has said black money is not an issue anymore in financial relations between Switzerland and...

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