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Top related persons:
Dhiraj Nim - 1 Nim - 1 Ajay Banga - 1 Radhika Piplani - 1 PLI - 1 Piplani - 1 Suman Chowdhury - 1 Milounee Purohit - 1
Top related locs:
BENGALURU China People's Republic India
Top related orgs:
ANZ Research - 1 World - 1 Capital Advisors - 1 Union - 1 Thomson - 1

Search resuls for: "Suman Chowdhury"


2 mentions found


☆ 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
☆ India cenbank hikes key policy rate by 35 basis points
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +7 min
However, the pace of rate hikes is reducing from 50 bps to 35 bps, in line with expected global hikes." The market needs to keep a close watch on global rate hikes and sticky core inflation." "We expect RBI to go for another 25 bps hike in its next policy, with the terminal rate at 6.5%. ANUJ PURI, CHAIRMAN, ANAROCK GROUP, MUMBAI"The 35 bps rate hike by the RBI - the fifth consecutive rate hike this year - comes as no surprise. We see a possibility of another 25 bps rate hike before a prolonged pause."
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