Dwindling Wage Growth Emerging As Bigger Worry: Report
At the nominal level, wage growth in urban and rural areas was 2.8% and 5.5% year-on-year.Mumbai: Even as the economic recovery gains momentum, dwindling wage growth is emerging as a…
IMF’s Gita Gopinath Says Advanced Economies To Recover By 2024
IMF’s Gita Gopinath has said that advanced economies will recover from Covid impact by 2024Davos: Advanced economies will be back on track by 2024, but developing economies will be 5…
India Tells OPEC Nations High Oil Prices Hurting Economic Recovery
India has told OPEC nations that rising oil prices will hurt post-pandemic economic recoveryIndia, the world’s third-largest energy consumer, has told Saudi Arabia and other OPEC nations that high oil…
Decline In Retail Inflation Reflects”Gathering Momentum”: Nirmala Sitharaman
The CPI inflation has declined below the 6 per cent mark for second consecutive monthThe decline in retail inflation to a four-month low and a pick-up in high-frequency indicators reflect…
Fitch Cuts India Growth Forecast To 10%, Says Rapid Vaccination Will Support Revival
Last month, World Bank slashed its GDP growth forecast for current fiscal to 8.3 per centFitch Ratings on Wednesday cut India’s growth forecast to 10 per cent for the current…
COVID To Not Impact Fiscal Deficit Target, Expect Recovery From July: KV Subramanian
Chief Economic Advisor KV Subramanian told ANI that economic recovery is expected from next monthThe second wave of the COVID-19 pandemic has affected the momentum of the economy, however, economic…