Economy News

Rise in Inflation

In April 2022, India experienced the highest rate of inflation since May 2014 at 7.9 % for the month. According to data issued by the National Statistical Office, it has remained above the RBI's tolerance threshold of 6% for the fourth consecutive month (NSO).

posted by 24th May 2022

Petroleum prices

Finance minister Nirmala Sitharaman says basic excise duty on petrol and diesel, which is shared with States, remains untouched.

posted by 23rd May 2022

All-India Household Consumer Expenditure Survey

The All-India Household Consumer Expenditure Survey, usually conducted by the National Statistical Office (NSO) every five years, is set to resume this year after a prolonged break. A decision has been taken to conduct the Survey from July and government has  begun planning exercises to train the enumerators who will carry out the 2022-23 Survey on the ground

posted by 25th Apr 2022

Economic growth at 8-8.5% in ’22-23

News India’s GDP is expected to grow by 9.2% this year and 8% to 8.5% in 2022-23, though hardening inflation and energy prices along with tightening of global liquidity pose a challenge, according to the Economic Survey for 2021-22 tabled by Union Finance Minister Nirmala Sitharaman in Parliament Newly appointed Chief Economic Adviser V. Anantha Nageswaran termed the 8%-8.5% GDP growth estimate for the coming year a conservative projection.

posted by 1st Feb 2022

Design Linked Incentive Scheme and chip making industry in India

Why in news? India has invited applications from 100 domestic companies, startups and small and medium enterprises to become a part of the design-linked incentive (DLI) scheme. Along with it the IT ministry has sought proposals from academia, start-ups and MSMEs to train 85,000 qualified engineers on semiconductor design and manufacturing.

posted by 31st Jan 2022