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Top related persons:
Dhiraj Nim - 4 Milounee Purohit - 3 Veronica Khongwir - 3 Hari Kishan - 3 Alexandra Hermann - 2 Anant Chandak - 2 Susobhan Sarkar - 2 Anushree - 1
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India BENGALURU Delhi Reserve Bank of India Ahmedabad Kolkata China People's Republic
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ANZ Research - 4 Thomson - 4 REUTERS - 3 Rights - 1 Reserve Bank of - 1 Oxford Economics - 1 Reserve Bank of India's - 1 CPI - 1

Search resuls for: "Dhiraj Nim"


5 mentions found


☆ India's festival season to bring some cheer to economy, say economists
  + stars: | 2023-10-26 | by ( Milounee Purohit | ) www.reuters.com   time to read: +3 min
Nearly 75% of economists, 25 of 33, said spending during this year's festival season, which lasts from October through December, will be higher compared to last year. Among those, 21 said slightly higher and four said significantly higher. "From a year-on-year growth rate perspective, it may not be a substantial upside so to speak." Economists generally agree India needs an even higher growth rate to generate enough jobs for millions of young people who enter the workforce every year. When asked what was India's potential economic growth rate over the next 2-3 years, economists returned a median range of 6.0%-7.0%.
Persons: Anushree, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, Ross Finley, Sharon Singleton Organizations: REUTERS, Rights, Reuters, Reserve Bank of, ANZ Research, Oxford Economics, Thomson Locations: Delhi, India, Reserve Bank of India
☆ Indian inflation seen easing to 5.50% in Sept on softening food price rises: Reuters poll
  + stars: | 2023-10-10 | by ( Milounee Purohit | ) www.reuters.com   time to read: +2 min
Rises in food prices, which make up about half the consumer price index (CPI), continue to cool from recent peaks after the Indian government enacted a series of measures to boost supply. "Having said that, the persistent part of the food inflation problem remains there, which is cereals, pulses and spices, and I think the RBI can't do much about it anyway." Rising crude oil prices are also likely to keep inflation elevated in the world's third-largest oil importer. Oil prices rose around 3% on Monday to trade around $90 a barrel. "Oil prices ... are likely to remain high over the remainder of the year on global supply concerns," said Alexandra Hermann at Oxford Economics.
Persons: Amit Dave, Dhiraj Nim, Alexandra Hermann, Milounee Purohit, Anant Chandak, Veronica Khongwir, Hari Kishan, Mark Potter Organizations: REUTERS, Reserve Bank of India's, CPI, ANZ Research, Oxford, Inflation, Thomson Locations: Ahmedabad, India, BENGALURU
☆ India's retail inflation surges on food prices in challenge to Modi government
  + stars: | 2023-08-14 | by ( Aftab Ahmed Nikunj Ohri | Aftab Ahmed | Nikunj Ohri | ) www.reuters.com   time to read: +3 min
India's annual retail inflation (INCPIY=ECI) rose sharply to 7.44% in July from 4.87% the previous month. Reuters Graphics"The spurt in CPI inflation in July 2023 was on expected lines, however, 7.44% retail inflation was totally unexpected," said Devendra Pant, economist at India Ratings. Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in June as compared with 4.49% in June. Retail food inflation was at its highest since January 2020. Even a moderate rise in food inflation tends to anger voters and Dhiraj Nim, economist at ANZ Research, said further measures may be required from the government.
Persons: Devendra Pant, Research's Gaura Sen Gupta, Pant, Narendra Modi's, Dhiraj Nim, Nikunj Ohri, Chizu Nomiyama, Christina Fincher Organizations: REUTERS, DELHI, Reuters, Reserve Bank of India, ANZ Research, Thomson Locations: Kolkata, India
☆ India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
  + stars: | 2023-07-24 | by ( Milounee Purohit | ) www.reuters.com   time to read: +3 min
The world's most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend, which demands an annual gross domestic product (GDP) growth rate of around 8% for the next 25 years. It was forecast to grow 6.5% next fiscal year, with expectations of 6.2% growth this quarter, followed by 6.0% and 5.5%. "I think 6.0% to 6.5% is a very achievable and a very conservative forecast for India's growth trajectory," Nim added. The remaining six said the PLI scheme, which allocated billions of rupees as incentives from the Union budget in 2023-24, will have no impact. While India has a lot more ground to cover to replace China as the world's manufacturing hub, some economists acknowledged the PLI scheme was a step in the right direction.
Persons: Dhiraj Nim, Nim, Ajay Banga, Radhika Piplani, PLI, Piplani, Suman Chowdhury, Milounee Purohit, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, David Holmes Organizations: ANZ Research, World, Capital Advisors, Union, Thomson Locations: BENGALURU, China, People's Republic, India
☆ Indian govt to borrow a record 16 trillion rupees in fiscal 2023/24 - Reuters poll
  + stars: | 2023-01-23 | by ( Vivek Mishra | ) www.reuters.com   time to read: +4 min
Gross borrowing next fiscal year is expected to hit 16.0 trillion rupees, up from an estimated 14.2 trillion rupees in 2022/23, according to the median forecast of 43 economists. Predictions were in a narrow range of 14.8 trillion to 17.2 trillion rupees. Even if it is at the lower end of the range, 2023/2024 gross borrowing would easily be the highest on record. Nim estimated repayments for 2023/24 at about 4.4 trillion rupees. India's government will cut food and fertiliser subsidies to 3.7 trillion rupees, more than 25% below the level of around 5 trillion rupees budgeted for 2022/23, the poll found.
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