New Delhi, Jul 23 (KNN) Rating agency ICRA on Wednesday projected India’s economy to have expanded by 6.4-6.6 percent in the April-June quarter of FY27, supported by strong economic activity despite elevated energy prices and supply constraints affecting margins in some sectors. The forecast follows a stronger-than-expected 7.8 percent growthContinue Reading
New Delhi, Aug 5 (KNN) India’s GDP at current prices is projected to reach around USD 5.1 trillion by 2028-29, crossing the USD 5-trillion mark in FY29, according to the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said in the Rajya Sabha. In a written reply, Sitharaman cited theContinue Reading
New Delhi, Apr 15 (KNN) India’s macroeconomic and financial sector fundamentals are well placed to absorb the impact of a potential oil price shock, although economic growth could moderate under a sustained high crude price scenario, according to S&P Global Ratings. Growth May Slow Under High Crude Scenario Continue Reading
New Delhi, Apr 30 (KNN) Invest India, an investment promotion agency under the Department for Promotion of Industry and Internal Trade (DPIIT) facilitated as many as 60 projects worth over USD 6.1 billion in the financial year 2025–26. The projects span 14 states and are expected to generate more thanContinue Reading
New Delhi, May 14 (KNN) The Indian rupee slipped to a fresh record low on Thursday, weighed down by elevated crude oil prices and continued foreign portfolio outflows amid growing concerns over India’s external balances as the West Asia conflict continues. The rupee weakened 0.1 percent to 95.8525 against theContinue Reading
New Delhi, May 26 (KNN) Despite robust balance sheets and favourable long-term growth prospects, Indian corporates face near-term credit pressure from elevated energy prices and geopolitical uncertainty, Moody’s Ratings said on Monday, while its Indian affiliate ICRA revised the outlook to negative for several key sectors. Energy Costs the PrimaryContinue Reading
New Delhi, Jun 5 (KNN) The Ministry of Finance has announced a series of measures to simplify foreign investment procedures and attract long-term overseas capital into Indian equity and government securities markets. The reforms are aimed at enhancing ease of investment for individual Persons Resident Outside India (PROIs) and ForeignContinue Reading
