ECONOMY


Moneylife Digital Team 19 April 2022
Reflecting the deterioration in domestic financial conditions, CRISIL Ratings' Financial Conditions Index (FCI) dropped below the zero mark in March, indicating that the economic conditions were tighter than in the previous month and relatively tight compared with average conditions in the...

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India's 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the transition, according to a new report by global financial services company...

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High cost of 'fuel and power', due to the Russia-Ukraine war, along with those of primary articles pushed up India's March 2022 wholesale inflation to a 4-month high level.   Accordingly, the annual rate of inflation, based on wholesale prices, rose to 14.55% last month from 13.11%...

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A normal monsoon season this year is expected to mitigate some inflationary pressures, especially being witnessed in certain food commodities.   Besides, healthy and well-spread rains will repose faith in the country's economy which faces ever increasing risk of 'Stagflation' due to...

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Higher cost of food items, as well as expensive fuel and manufactured goods like clothing and footwear, pushed India's retail inflation to a 17-month high in March 2022.   As per the data furnished by the National Statistical Office on Tuesday, the Consumer Price Index (CPI) rose by...

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The growth rate of India's manufacturing sector sequentially slowed in March 2022 due to softer rise in demand.   Accordingly, the seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) came in at 54 (index reading) from 54.9 in February.   The PMI...

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India's economy, which is already reeling under inflationary pressure, now faces an ever increasing risk of stagflation.   The economic trend of stagflation is marked by rising inflation and stagnant GDP growth.   Lately, the geo-political crisis involving Russia-Ukraine has...

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Debashis Basu Debashis Basu 15 March 2022
Market indices have put on a strong rally supposedly in reaction to Bharatiya Janata Party's (BJP’s) victory in four state legislative assembly elections. While huge relief rallies are natural in bear markets, this one was a surprise. After all, the market has not been declining because of...

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Energy and commodity prices-including wheat and other grains-have surged due to the war in Ukraine, adding to inflationary pressures from supply chain disruptions and the rebound from the Covid-19 pandemic, the IMF has said.   Price shocks will have an impact worldwide, especially on...

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High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar.   Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the...

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Moneylife Digital Team 26 February 2022
The ground action by Russia after a long-standing build-up has begun in Ukraine; however, the chances of much more significant escalation look less at this point. Irrespective of the military objectives, the impact of the conflict will be felt across commodities and asset classes. Oil prices...

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IANS 24 February 2022
For every 10 per cent increase in crude oil prices, the wholesale price index in India increases by 0.9 per cent - 1 per cent and the consumer price index by 0.4 per cent - 0.6 per cent.   A 10 per cent rise in oil prices leads to an increase of nearly $15 billion in India's current...

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Moneylife Digital Team 15 February 2022
The burden of inflation varies across different income groups, as does the share of spending on food, fuel and core categories across classes. While the urban poor remained the worst affected, inflation is also catching up fast in the rural areas, says a research note.   In the...

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IANS 15 February 2022
Rising global commodities' prices as well as supply-side bottlenecks kept India's main inflation gauges -- CPI and WPI -- at elevated levels during January 2022 denting the recovering domestic economy.   Notably, high commodities cost especially of transport fuel prices triggered a...

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Moneylife Digital Team 09 February 2022
Finance minister Nirmala Sitharaman has allocated one of the highest capital expenditures of Rs7.5 lakh crore in FY22-23 in the Union Budget 2022-23.   This is up more than 35% from FY21-22 when the budgeted expenditure stood at Rs5.5 lakh crore. This outlay is 2.9% of the expected...

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Moneylife Digital Team 07 February 2022
The higher deficits and continued lack of clarity on medium-term consolidation plans in India’s latest budget add risks to Fitch Ratings’ projection of a downward trajectory in government debt to gross domestic product (GDP) ratio.   According to the rating agency, the degree to which...

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R Balakrishnan R Balakrishnan 03 February 2022
The Economic Survey and the Union Budget numbers have confirmed that our economy appears to have recovered well from the pandemic and that we are well set to continue our journey of economic growth.    Among the positives are: our manufacturing base is set to expand; exports seem...

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Moneylife Digital Team 01 February 2022
Presenting the Union Budget 2022-23, Union finance minister Nirmala Sitharaman talked about rolling out the next phase of ease of doing business and ease of living.   She said the new phase of ease of doing business will be guided by an active involvement of states. It would entail...

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To achieve US$5 trillion GDP (gross domestic product) by 2024-25, India needs to spend about $1.4 trillion over these years on infrastructure, said the Economic Survey 2021-22.   According to the Survey, during the years FY07-08 to FY16-17, India invested about US$1.1 trillion on...

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The impact of the second wave of COVID-19 on GST (goods and services tax) collection was much more muted than the impact of the nationwide lock-down during the first wave, The Economic Survey for 2021-22 noted.   After falling during the nationwide lockdown in 2020-21 and during the...

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