India and China will account for half of the global economic growth in 2023: IMF
India and China will account for half of the global economic growth in 2023 versus just a tenth for the US and euro area combined, said...
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Union Budget provides roadmap for stability growth and development: USISPF
The Union Budget presented by Finance Minister Nirmala Sitharaman provides a roadmap for stability, growth and development, the head of...
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UPI transactions hit 8.03 billion in January
Transactions on the Unified Payments Interface (UPI) hit 8.03 billion in January, National Payments Corporation of India (NPCI) said in a...
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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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