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Top related persons:
Narendra Modi - 1 Sachin Tendulkar - 1 Amit Dave - 1 Madan Sabnavis - 1 Sabnavis - 1 Jefferies - 1 Rajesh Magow - 1 Baroda's Sabnavis - 1
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England New Ahmedabad India Rights MUMBAI Western India Pakistan
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Cricket - 1 ICC Cricket - 1 New Zealand - 1 Narendra - 1 Rights - 1 International Cricket - 1 Bank of Baroda - 1 Hospitality - 1

Search resuls for: "Baroda's Sabnavis"


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☆ Cricket-crazy fans set to add a kicker to India's economy as world cup begins
  + stars: | 2023-10-06 | by ( Ira Dugal | ) www.reuters.com   time to read: +3 min
The cricket frenzy set to hit India as the International Cricket Council's World Cup begins in a nation of cricket-crazy fans is expected to give a short boost to the country's economy as consumers splurge to enjoy their favorite sport. "The World Cup has the potential to boost India’s GDP, more so because it coincides with the festive season," Sabnavis said. India last hosted the world cup in 2011, when 1.2 million people attended matches, according to data from brokerage house Jefferies. "On India match days, fares have shot up on average by150% for select hotels and 80% for select flights compared with the prior week," said Jefferies in a note this week. "We expect companies to run world-cup specific promotions on match days to tap this consumption boost."
Persons: Narendra Modi, Sachin Tendulkar, Amit Dave, Madan Sabnavis, Sabnavis, Jefferies, Rajesh Magow, Baroda's Sabnavis, Ira Dugal, Lincoln Organizations: Cricket, ICC Cricket, New Zealand, Narendra, Rights, International Cricket, Bank of Baroda, Hospitality, Reuters Graphics Online, homestays, Baroda's, Thomson Locations: England, New, Ahmedabad, India, Rights MUMBAI, Western India, Pakistan
☆ Analysis: Fall in India nominal GDP growth in FY24 to challenge fiscal math
  + stars: | 2023-01-09 | by ( Ira Dugal | ) www.reuters.com   time to read: +4 min
At least four leading economists expect nominal GDP growth to come in between 8% and 11% as inflation slows and real GDP growth eases from an estimated 7% this year, when pandemic-related distortions and pent-up demand pushed up growth rates. Das said he expects nominal GDP growth of 8%-9% in FY24, with inflation and real GDP growth seen declining. A growth of 8-9% would bring that number close to the 7.6% nominal growth seen in 2019/20, before the Covid crisis hit. State Bank of India and rating agency ICRA estimate the nominal GDP growth at around 10% for next financial year. "Higher-than-budgeted nominal GDP growth,(will help) to keep fiscal deficit as a percentage of GDP at 6.4%, with downside risks," it said.
☆ India cenbank's 2013 playbook to rebuild FX reserves unlikely to work-analysts
  + stars: | 2022-10-18 | by ( Swati Bhat | ) www.reuters.com   time to read: +5 min
Register now for FREE unlimited access to Reuters.com RegisterTo defend the rupee, the Reserve Bank of India has dipped into its forex reserves. "It would be important to rebuild FX reserves for sure. Reuters GraphicsUNPROFITABLE SPREADSBack in 2013, the RBI had offered to swap the U.S. dollars banks had raised via foreign currency non-resident (FCNR) deposits or foreign currency funding for rupees at concessional rates. And while reserves at current levels are adequate to cover more than eight months of imports, analysts say a sustained depletion could cause some concern. Bank of Baroda's Sabnavis suggested floating sovereign bonds, like the Resurgent India bonds (RIBs) India Millennium Deposit bonds (IMDs) in the past, to help boost forex reserves.
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