Tag: ECONOMY

Ex-RBI Governor doubts $5 trillion economy goal

Raghuram Rajan says the target was aspirational rather than a carefully computed one Former Indian central bank governor Raghuram Rajan has raised doubt over the Narendra Modi government’s target to make India a US$ 5 trillion economy by 2024-25. In an interview with the Press Trust of India, Rajan opined that the government’s ambitious target was […]

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10,000 Indian firms shut in 11 months

These companies downed shutters voluntarily and not due to any punitive action, minister says More than 10,000 companies in India shut down their operations voluntarily since April 2000, according to a government data. During this period the country was in the grip of the Covid-19 pandemic and the government imposed strict lockdowns and travel restrictions […]

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Government Of India sets timeline for sale of state-owned firms

Air India and oil marketing firm Bharat Petroleum to be sold by the first half of next fiscal It may be noted that even before the pandemic the country’s economy was not in a good shape. India’s gross domestic product growth has been on the decline since Q4 FY17, and in the last quarter of […]

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Samsung to invest Rs 4,825 cr in India; to move display production unit from China

South Korean smartphone giant Samsung will make an investment of Rs 4,825 crore in India. The company will relocate its mobile and IT display production unit from China to Uttar Pradesh, a UP government’s spokesperson said. He added that this is the first high-technique project of the multinational major that is being set up in […]

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FICCI’s 93rd AGM: Agri reforms aimed at benefiting farmers, private sector needs to step up, says Prime Minister

The Prime Minister today told industry captains at FICCI’s 93rd AGM that the private sector needs to step up to help the country’s farmers and do their part for rural India. PM Modi said that various reforms are breaking unwanted barriers between sectors. Prime Minister Narendra Modi today delivered the inaugural address at FICCI’s (Federation of Indian […]

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