News

Economists unsure when RBI will cut repo rate  With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) deciding to retain the repo rate at 6.5 per cent, economists are not sure when the central bank would cut the rate. Some expect a shallow rate cut may happen by the end of the calendar year while others are of the view that RBI will maintain a wait-and-watch attitude. The MPC decided to leave unchanged the repo rate, the rate at which the RBI lends to banks, at its first meeting of FY25 held April 3-5. RBI ...
Economists unsure when RBI will cut repo rate
Economists unsure when RBI will cut repo rate
Source: IANS
2024-04-06 09:10:23 am
Savings rate down but healthy at 30%; uptick in housing loans drives credit growth India’s household savings, a major contributor for the economic growth, is on the decline since FY12 and is currently averaging at about 30 per cent of the Gross Domestic Product (GDP), said top economists. “The current savings rate is 30.2 per cent of GDP as of FY 22, the latest data available so far. The trend has been on decline since FY 12 when the savings rate was 34.6 per cent of GDP. The savings rate in the last decade averaged nearly 32 per cent of GDP,” Sujan Haj...
Savings rate down but healthy at 30%; uptick in housing loans drives credit growth
Savings rate down but healthy at 30%; uptick in housing loans drives credit growth
Source: IANS
2024-02-03 05:32:31 pm
Indian banks to see `moderate growth' in deposits, 'deceleration in credit` The 2024 outlook for the Indian banking sector is robust and healthy with the Reserve Bank of India (RBI) hitting the pause button on the policy rate revision, satisfactory capital levels, loan loss provisions, and softening retail inflation, Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers has said. Speaking to IANS, Hajra also anticipates a moderate acceleration of deposit growth and a deceleration of credit growth in 2024 relative to 2023, which ...
Indian banks to see `moderate growth' in deposits, 'deceleration in credit`
Indian banks to see `moderate growth' in deposits, 'deceleration in credit`
Source: IANS
2023-12-31 05:37:38 pm
India`s external position resilient despite pessimistic global trade outlook Global trade is projected to end the year 5 per cent down compared to 2022’s record levels, shrinking by about $1.5 trillion to below $31 trillion, according to UNCTAD’s latest Global Trade Update. The outlook for 2024 remains "highly uncertain and generally pessimistic", UNCTAD says in the Global Trade Update released on December 11, citing factors like ongoing geopolitical tensions, escalating debt, and widespread economic fragility. Other elements weighing on tr...
India`s external position resilient despite pessimistic global trade outlook
India`s external position resilient despite pessimistic global trade outlook
Source: IANS
2023-12-31 05:25:22 pm