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High Impact Economic News

World’s top 10 fastest growing cities are all from India
The top 10 fastest growing economies in the world will be from India, a report published by Oxford Economics state. These are Surat, Agra, Bengaluru, Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirapalli, Chennai and Vijayawada, in a descending growth rate order that they are expected to achieve by 2035.

India’s lead over China as world’s fastest-growing economy will widen in coming years
India’s perch on top as the world’s fastest growing major economy is unlikely to be challenged soon. Even as the Chinese economy cools due to global trade tensions, India’s GDP growth will hover near 7.5% by 2020, compared with 7.25% in 2019, says a recent report...

PM Modi's big win signals strong Indian GDP growth will continue
Stellar performance of Prime Minister Narendra Modi's BJP with another large parliamentary majority will see the continuity of macroeconomic policy in the next five years but the key economic challenge now is to continue reforms, brokerages and economists said.

Day after Modi win, global investors pumped in $216 mn into Indian bonds
Global investors piled a net $216.3 million into Indian bonds on Friday, the day after Prime Minister Narendra Modi’s sweeping election victory. The second-biggest daily inflow in two months turned foreign funds into net buyers of rupee-denominated...

President Trump and PM Modi to meet at G-20 Summit in Japan next month
US President Donald Trump and Prime Minister Narendra Modi have agreed to meet at the G-20 Summit in Japan next month as both the leaders pledged to further strengthen the US-India strategic partnership and build...

Looking forward to working with new govt of PM Modi: IMF
The IMF is looking forward to working with the new government of Prime Minister Narendra Modi, a top official said Friday, asserting that India's reforms and future direction should continue to focus on achieving faster and more inclusive growth with low inflation.

Government likely to introduce electronic invoice system under GST
Top companies in the country may soon have to rely on a common goods and services tax portal to issue invoices to their customers. The government is looking to introduce an electronic invoice mechanism under GST, but could restrict it to large companies in the initial phase, said a government official privy to the deliberations on the matter.

Netherlands keen to further 'good cooperation' with India under Modi regime
The Netherlands will continue "good cooperation" for investment and trade ties with India during the Narendra Modi government's second term, Dutch Ambassador to India Marten van den Berg said. the ambassador said the 2019 edition of the Global Entrepreneurship Summit will be held next week at The Hague, Netherlands.

India can attract 1.5-2% FDI to GDP ratio
India can attract FDI to a ratio of 1.5 per cent to 2 per cent of its GDP by further improving on ease of doing business and building infrastructure, Japanese financial services major Nomura said Tuesday. The group's Chief India Economist Sonal Varma said the country is in favourable...

Steel demand likely to grow 7% this fiscal
Buoyed by the Central government's continued focus on infrastructure projects, India's steel demand is expected grow by about 7% during the current fiscal, experts said on Tuesday. The Central government has been focusing on infrastructure projects like Sagarmala, Smart Cities and the new government would stick to its focus.

BHEL records 50 per cent jump in net profit for 2018-19
Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today announced it has recorded a 50 per cent jump in net profit for the financial year ended March 2019 at Rs 1,215 crore as compared to Rs 807 crore posted in the previous financial year.

India's coal imports rose 13 per cent to 21 million tonne in April
India's coal import increased by 13.4 per cent to 20.72 million tonnes in April compared to 18.27 million tonnes (MT) in the same last year. Of the total imports during April 2019, non-coking coal or thermal coal shipments were at 15.08 MT...

calender May 28, 2019