indianeconomy

Moody’s Outlook On Indian Banks Remains Stable As Recovering Economy Paints A Positive Picture Ahead

Expecting the banking sector’s financial fundamentals to improve ahead, Moody’s in its research note said, declines in loan-loss provisions and increases in net interest margins will boost banks’ profitability. Capitalization, funding, and liquidity will be stable and support loan growth. In Moody’s opinion, banks operating environment will be stable as the economy gradually recovers from … Read more

RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties

The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war. However, the central bank asserted that it will use all available tools to defend the Indian economy. … Read more

FII stock ownership plunges to 19.9%, value down to $582 bn

Cumulative FPI outflows touched record $14.6 bn, of which March alone saw them taking out $5.4 bn After the record $23 billion of additional investments in domestic equities in FY21, foreign funds have massively slashed their fresh exposure to the country to $3.7 billion in FY22, also pairing down their holdings in the NSE 500 … Read more

Unfolding global developments poses risks to Indian economy, says RBI

India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India (RBI) said in its monthly bulletin on Thursday. “The ongoing geopolitical crisis has heightened the uncertainty clouding the global macroeconomic and financial landscape even as the world economy struggles to recover from the … Read more

Why is the Centre annoyed by rating agencies sceptical about India’s plan for correcting its fiscal math?

The story so far: In the Union Budget for 2022-23, the Government has ramped up its capital spending plans to a record 2.9% of the GDP to revive the economy, with an ambitious borrowing plan and a target to reduce fiscal deficit level to 6.4%. Rating agencies, concerned about India’s heightened general government debt levels … Read more

RBI keeps repo rate unchanged at 4%; maintains accommodative stance

NEW DELHI: The Reserve Bank of India‘s (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance. Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is the rate … Read more

Fitch Ratings flags high fiscal deficit target

Agency says lower debt trajectory key to reviewing its negative rating outlook on India Rating agencies are not enthused by the fiscal consolidation road map and the lack of major reform proposals in the Union Budget. Fitch Ratings, which has a negative outlook on India’s sovereign rating, said that beyond the higher capex drive, the … Read more

corporate growth: India Inc sees investment boom, lines up capex plans

An overwhelming 93 per cent of CEOs, business leaders, and startup entrepreneurs polled in an ET survey said India is on the cusp of an investment boom, helped by strong post-pandemic economic growth, government incentives for manufacturing, emerging business opportunities and low interest rates. A higher 94 per cent aim to put their money where … Read more

Companies caution against hasty reaction to Omicron, seek uniform policy

India Inc on Thursday urged the Centre to follow a uniform policy across the country at all entry points to address concerns about the Omicron variant of coronavirus and cautioned against any knee-jerk reaction that could impact livelihoods. “We caution against any knee-jerk reactions which will only cause panic and disrupt lives and livelihoods without … Read more