Macro Economic Events

India To Shift From Fiscal Deficit Targeting After 2026, To Adopt Debt-To-GDP Ratio Framework: Report
|Traditionally, India has aimed to maintain a fiscal deficit of 3% of GDP, a target that has proven challenging to achieve.
What Industry Experts From Real Estate, Hospitality, Steel, Other Key Sectors Expect From The Upcoming Budget
|The technology and fintech sectors highlight the need for enhanced investments in digital infrastructure and cybersecurity space whereas the real estate industry looks forward to tax relief for homebuyers.
Why Kotak Institutional Equities Thinks The NDA Govt Should Cut Taxes
|If the NDA government reduces the tax burden at the lower-income slabs, disposable income will increase in this segment, and boost consumption in this segment.
Why Morgan Stanley Thinks Govt Shouldn't Cut Taxes In The Upcoming Budget
|Morgan Stanley expects upcoming budget to focus on fiscal consolidation, public capex and argues government shouldn't cut income tax.
Why Is Moody's Worried About India's Water Crisis? Steel, Coal Most At Risk
|Diminishing water supply can disrupt agricultural and industrial activities, leading to a surge in food prices and a drop in income for affected businesses and communities, potentially triggering social unrest. This could further destabilise India's growth and weaken the economy's resilience to shocks.
RBI Maintains Status Quo: Repo Rate Unchanged At 6.5%
|The Reserve Bank of India (RBI) has once again kept the repo rate unchanged at 6.5%. This decision, announced on Thursday, marks the continuation of a steady monetary policy stance by the central bank.
What China Has To Do With Tata Steel's 6% Jump Today
|China's industrial output growth outpaced December's 6.8%, exceeding analysts' expectations of a 5% increase.
Bloomberg Adds India's FAR Bonds To Its Emerging Market Local Currency Government Index
|Upon complete incorporation into the Bloomberg Emerging Market 10% Country Capped Index, India is anticipated to join the ranks of China and South Korea as markets that hit the 10% cap.
Flipkart's New UPI Service, Byju's Frozen Employee Payments And More Stories You Can't Miss From The Weekend
|All the top stories from the weekend in one convenient spot.
Budget 2024 Live Updates: Nirmala Sitharaman Proposes No Changes In Tax Structures
|The government is set to release its interim budget for 2024 on Thursday, ahead of the highly anticipated general elections. Finance Minister Nirmala Sitharaman will present the budget for the sixth time in a row.
Union Budget 2024: What To Expect From The Interim Budget?
|The interim budget during an election year is aimed at meeting immediate financial needs before a new government is formed. The full-fledged union budget will only be released after the elections, which will take place between April and May.
Union Budget 2024: Financial Jargons Decoded Before Feb 1
|As Union Finance Minister Nirmala Sitharaman is set to announce the Interim Union Budget for 2024 in Parliament on February 1, many citizens may find themselves grappling with complex financial jargon.
Union Budget 2024: How Is Interim Budget Different From Full Budget?
|With the highly anticipated Lok Sabha elections in India set to take place in April to May 2024, the upcoming budget will be interim, lacking significant policy announcements.
Why The US Wants To Fund Adani Group's Sri Lanka Project
|The US' involvement also reflects an effort to reduce China's sway over Sri Lanka, which accumulated significant debt following investments in Chinese port and highway projects.
JP Morgan's Jamie Dimon Applauds PM Modi's Efforts To Strengthen Economy, Sees Big Potential In India
|Dimon also stressed on India's recent inclusion in JP Morgan's bond index, which is predicted to attract billions in foreign investment in the coming year.
UK Scotch, Cars May Get Cheaper As India Pushes For Historic Trade Talks: Report
|Prime Ministers Narendra Modi and Rishi Sunak aim to double bilateral trade by 2030 through tariff cuts and market access improvements in what would be India's biggest free trade agreement ever.
India Bars Use of Chinese Components In Military Drones In Self-Reliance Push: Report
|The decision aligns with India's broader strategy to reduce its dependence on Chinese imports, especially in light of the recent border tensions between the two countries.
More Bullish On Indian Markets Than On China: Morgan Stanley
|The upgrade by Morgan Stanley comes in light of the softening valuations compared to October 2022, when the brokerage had marked the beginning of a new bull phase in Asian and emerging market equities.
'Open to Chinese Investments', Says India's IT Minister Amid Scrutiny On China Firms
|This statement comes as India aims to leverage global supply chains shifting away from China, attracting suppliers to multinational companies such as Apple, Financial Times reports.
Petrol And Diesel Prices Could Climb Again — Thanks To Russia
|India's refiners could face higher costs for importing oil if Russia implements quotas on oil exports.
India Opts Out of Imposing Anti-Subsidy Tax On Some Chinese Steel Imports
|CVDs are additional taxes imposed on imported goods that are subsidised in their home country, thus potentially damaging the industries in the importing country.
India Ups Lending To Africa In Bid To Keep China Dominance In Check
|Over the past decade, 42 African nations have received around $32 billion (₹2.62 lakh crore) in credit from India, making up 38% of India's total credit extension.
India's Service Sector Powers Through Inflationary Pressure: Report
|The sector, which accounts for approximately 60% of the overall output, indicates that India's economy will continue to outperform many of its major peers in the coming quarters.
Indian Firms Get Thumbs Up From S&P, Expect Better Earnings Growth
|S&P predicts India's economic growth to be the highest in the region, with projected rates of 6.0% in 2023 and 6.9% in 2024.
Pakistan's Leap In IMF Rankings: Set To Become Fourth Largest Debtor
|After receiving additional loans of $3 billion in the next nine months from the International Monetary Fund (IMF), Pakistan will become the fourth largest IMF borrower in the world, The Express Tribune reported.
Ratings Upgrade For India Hinges On Low Inflation, Fiscal Metrics: S&P Analyst
|S&P believes that the RBI will wait until inflation risks have subsided before considering rate cuts.
India Pushes Moody's To Up Rating As Economic Outlook Brightens
|Moody's currently maintains India's sovereign rating at "Baa3" with a "stable" outlook. Baa3 is the lowest rating in the investment grade category.
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