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Diwali week cash circulation declines for the first time in 20 years: SBI Ecowrap

For the first time since 2002 – that’s 20 years – currency in circulation has declined during…

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SBI Ecowrap revises FY23 annual GDP growth rate projection to 6.8%

"The downward revision is mostly to do with our Q1GDP estimate that was at 15.7 per cent," the r…

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India must pitch for Rupee as dollar distancing might be finally happening: SBI Ecowrap

Many countries across the globe has been surreptitiously searching for non traditional payment and …

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Heatwave and high commodity prices drag down March quarter and FY22 GDP estimates

Inflation is not only hurting the common people’s pockets, it’s now dragging down the overall econo…

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1 min read

FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

New Delhi, Aug 17 (IANS) India's FY21 GDP contraction has already crossed the (-) 6.8 per cent mark…

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Soon there may be Rs 200 notes in circulation

The data for June 23, 2017 shows cash in hand with banks declining to 5.4 per cent of the c…

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SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast

Indian economy is expected to grow at 7.0-7.1% in the April-June period, the first quarter of 2024-…

ANI   


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Expect RBI to again pause repo rate in February policy meeting: SBI Research

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is …

ANI   


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RBI hikes GDP growth projection for FY24 to 7.3%, keeps rates, stance unchanged

The Reserve Bank of India (RBI)’s rate setting panel – the Monetary Policy Committee – has decided …

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India’s first quarter GDP may surpass RBI MPC projection

​​​The Indian GDP may surpass the latest Reserve Bank of India projections for the first quarter of…

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With inflation cooling, RBI may slash interest rates by 50 bps this financial year

In a webinar titled ‘Indian Economy FY24 — A Prognosis’, economists at Bank of Baroda said that the…

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Inflation to inch higher still? Incessant rains will add to woes, warn economists

India’s retail inflation is at a three-month high in June at 4.8%, but it may not have reached its …

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EPFO data shows 2.27 crore new jobs created between FY 2020 to FY 2023

Analysing the Employees Provident Fund Organisation (EPFO) payroll data trends over the past four y…

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India stands like oasis in era of uncertainty amid global inflation, says SBI Research

With central banks across nations amid an interest rate hike cycle, India performing better than th…

ANI   


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Domestic GDP growth on firm footing, growth slightly revised upwards: SBI study

Country's largest commercial lender State Bank of India (SBI) said that domestic GDP growth is now …

PTI   


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No end to downgrades in GDP estimates as economists remain divided on severity of slowdown

SBI Ecowrap has pegged India’s GDP growth rate for Q2 FY23 at 5.8%, much lower than the RBI’s e…

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1 min read

Shaktikanta Das congratulates Team RBI on completing 88 years of service to the nation

The Governor said in a tweet, "Congratulations Team RBI for 88 years of dedicated service to the na…

ANI   


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Few Indians are giving up on tomatoes despite red hot prices, subsidies aren’t helping much, shows survey

While tomato prices have gone as high as ₹200/kilogram in North India, the rest of the country too …

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RBI downgrades FY23 GDP growth projections to 6.8% - lower than World Bank and other global agencies

“A growth of 6.8% is considered very strong in the current context when the world economy is…

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4 mins read

Rating agencies revise GDP growth estimates yet again, most now peg it below 7%

The GDP growth rate for the April-June quarter which came in at 13.5%, fell short of expectations. …