Many global rating agencies and multilateral organisations have also revised their growth forecasts for India upward
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The PHDCCI economic monitor analyses the factors that influence India’s macroeconomic fundamentals, trade and investment flows, and global economic scenario along with developments in India’s states
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The report states that the apex bank is unlikely to go for a rate cut in December as inflation is showing an upward trend.
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The performance helped securitisation volume surpass Rs 1.15 lakh crore for the first half of the fiscal, clocking a 15 per cent on-year growth
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International cargo expansion and global supply chain shifts drive robust growth, projects Icra
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Crisil has expected the gross domestic product (GDP) growth to moderate to 6.8 per cent this fiscal compared with the Reserve Bank of India’s (RBI) forecast of 7.2 per cent
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Financial savings also report a rise, with the average household saving Rs 13,209 annually in 2021-22, compared to Rs 9,104 five years earlier
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Micro and Small Enterprises (MSEs) to benefit as RBI moves to eliminate prepayment penalties on floating rate loans
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