In its second-quarter Sovereign Credit Overview for Asia Pacific region, Fitch said the growth rate will accelerate as money supply has recovered to its pre-demonetisation level and disruptions related to the rollout of GST have diminished. It said India’s ratings balance a strong medium-term growth outlook and favourable external balances against a weak fiscal position … Read more
ADB Chief Economist has said that growth is driven more by domestic consumption than exports. The ADB has projected India to remain the fastest growing Asian nation with 7.3 percent growth in 2018-19, and 7.6 percent in 2019-20. The size of India’s economy is about 2.5 trillion US dollars currently, making it the sixth largest … Read more
The Ministry of Tourism has declared that there has been 17 per cent growth in Foreign Exchange Earnings through tourism in India in March 2018 over March 2017. According to a statement released by the government, FEEs during the month of March 2018 were Rs 17, 294 crore as compared to Rs. 14, 667 crore … Read more
Maruti Suzuki India has sold a total of 1,46,446 units in October 2017, growing 9.5% over the same period of last fiscal. This includes 1,36,000 units in the domestic market and 10,446 units of exports. The company had sold a total of 1,33,793 units in October 2016. The company reported sales growth despite 4.2% drop … Read more
