Economic news

March inflation rises to four-month high of 5.52% due to food, core prices
Economic news

March inflation rises to four-month high of 5.52% due to food, core prices

By Administrator_ India Capital Sands The retail price inflation rate rose to a four-month high of 5.52 percent in March due to upward movement in core as well as food rates, barring vegetables and cereals. This may prevent the central bank’s monetary policy committee (MPC) from cutting the policy rates unless growth really takes a […]

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March inflation rises to four-month high of 5.52% due to food, core prices
Economic news

WPI inflation spikes to a 27-month high in Feb owing to costlier food, fuel

By Administrator_ India Capital Sands The wholesale price index (WPI)-based inflation rate rose to a 27-month high in February due to a broad-based hardening of prices of fuels, food items, and manufactured goods. However, diesel, which indirectly impacts prices of other items, continued to see deflation (a fall in prices), in February, albeit at a […]

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
Economic news

India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts

By Administrator_India Capital Sands Rating agency S&P Global Ratings said Tuesday that India is on track to recover from a pandemic-led economic contraction by next year. South Asia’s largest economy could grow 10% in fiscal 2022, the rating agency predicted in a report. India’s fiscal year begins on April 1 and ends on March 31 […]

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
Economic news

Indian economy to contract by 7% in current fiscal

By Administrator_India Capital Sands Pencilling in a GDP growth in third and fourth quarters, SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent. The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see […]

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Indian economy
Economic news

Indian economy could be ‘most resilient’ in subregion in long term

By Administration_ India Capital Sands India’s economy could prove to be the “most resilient” in the subregion of South and South-West Asia over the long term, according to a report by the UN, which says a positive but lower economic growth post COVID-19 pandemic and the country’s large market will continue to attract investments. The […]

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Petrol, Diesel prices remain steady, govt tax collection on fuel swells by 459% in 7 years
Economic news

Petrol, diesel prices unchanged for 21st day

By Administrator_ India Capital Sands Petrol and diesel prices were paused for the the 21st day on Monday after sixth straight day of hikes. Fuel prices were hiked for the sixth straight day on December 7 by the oil marketing companies leading rates to touch 2-yrear high. Petrol price in Delhi was was hiked by 30 […]

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Saudi Arabia plans spending cuts in 2021 as economy recovers: Report
Economic news

Saudi Arabia plans spending cuts in 2021 as economy recovers

By Administration_ India Capital Sands Saudi Arabia said its spending plans for next year would be expansionary, as it leans more heavily on government-controlled funds to make up for cuts to a finance ministry budget battered by a decline in oil prices and the coronavirus pandemic. The kingdom will stick to its plan to cut spending […]

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India’s economy could recover and grow 10% in fiscal 2022, ratings agency S&P predicts
Economic news

India’s exports fell 9% in Nov, in second straight month of decline

By Administrator_ India Capital Sands India’s exports reduced by 9.07 per cent in November, in a second straight month of decline, as major markets continued to be impacted by Covid-19. The outbound shipment in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier, official data showed today. […]

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Economic news

PM Modi to meet 15 global funds to promote investment, assess views on reforms in the country

By Administrator_ India Capital Sands Prime Minister Narendra Modi would be meeting 15 global funds to promote investments and to assess their views on reforms that are required to attract long-term capital into the country. The meeting would focus on investment in capital-starved sectors like infrastructure. “Fund houses from all over the world are in touch with us […]

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Economic news

Food prices push retail inflation to 8-month high of 7.34% in Sept

By Administrator_ India Capital Sands Pushed up by the double-digit food inflation, the retail price inflation rate rose to an eight-month high of 7.34 per cent in September from 6.69 per cent in August. This was the sixth consecutive month that the inflation rate remained above the Reserve Bank of India’s (RBI’s) comfort zone of 6 per cent. As […]

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