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Economy News
Current account surplus moderates
As per balance of payment data released by the RBI, India’s current account surplus moderated to $15.5 billion (2.4% of GDP) in the second quarter.
posted by Jawwad Kazi 31st Dec 2020
Maintaining inflation target at 4% is appropriate
According to a working paper titled “Measuring Trend Inflation in Indiaâ€, maintaining the inflation target at 4% is appropriate for India.
posted by Jawwad Kazi 29th Dec 2020
Supply chain shift from China may benefit India
According to a survey, India could benefit from the likely shift in global supply chains from China to other economies in the aftermath of the COVID-19 pandemic.
posted by Jawwad Kazi 29th Dec 2020
Centre’s nod for revised cost of Polavaram project
The revised cost of the Polavaram Irrigation Project (PIP) at the 2017-18 price level (Rs. 55,548.87 crore) was approved by the Ministry of Jal Shakti.
posted by Jawwad Kazi 28th Dec 2020
India to become fifth-largest economy in 2025: think tank
According to think tank, India will overtake the U.K. to become the fifth-largest in 2025 and race to the third spot by 2030.
posted by Jawwad Kazi 27th Dec 2020