- Monday, May 05, 2025
By: Shubham Ghosh
HERE are some news in brief related to business and economy related to India for Saturday, July 9:
India best performing among major economies in the world, says industry body report: Despite the massive disruptions in both demand and supply-side factors caused by the Covid-19 pandemic and the Russia-Ukraine conflict, India has shown the most consistent improvement in macroeconomic performance among the world’s top 10 economies, an industry body said in a report. In the ranking of International Economic Resilience (IER) of the top 10 countries, India has improved its position consistently in the past four years, according to data released by PHD Chamber of Commerce and Industry, Asian News International reported.
India’s fuel consumption jumped 18% in June: Consumption of petroleum products in India in June soared 17.9 per cent year-on-year to 18.67 million tonne, data from Petroleum Planning and Analysis Cell under the Ministry of Petroleum and Natural Gas showed, ANI reported.
Nimap Infotech announces association with Digital Transformation Summit 2022 Singapore as digital transformation partner: Mumbai-based Nimap Infotech, which is looking to make forays into strategic markets by Exhibiting Digital Transformation Summit 2022 to be held in Singapore on July 14, 2022, has announced association with the Digital Transformation Summit 2022 (Singapore) as a Digital Transformation Partner, ANI reported.
India’s inflation expected to ease in second half of 2022-23, says RBI governor: India’s inflation is expected to ease gradually in the second half of the current financial year 2022-23, “precluding the chances of a hard landing” monetary policy actions, said Reserve Bank of India governor Shaktikanta Das. The central bank governor made the remarks at the ongoing Kautilya Economic Conclave, organised by the Institute of Economic Growth. Currently, the retail inflation has been over the RBI’s upper tolerance band of six per cent for the fifth consecutive month in a row. Apart from this, domestic wholesale inflation has been in double-digits for over a year now, ANI reported.
Tork Motors commences delivery of India’s first electric motorcycle in Pune: Tork Motors, India’s first electric motorcycle manufacturer, has commenced deliveries of the much-awaited KRATOS®-R in Pune, ANI/SRV reported. The first set of electric motorcycles was delivered to customers directly from the headquarters of Tork Motors in Pune.
India must grow at least 8-10% per year for next 25 years, says Singapore central bank chief: India must see a growth by at least 8-10 per cent per year for the next 25 years if it wants to reach its social and economic ambitions, Tharman Shanmugaratnam, senior minister in the Singapore Cabinet and chairman of Monetary Authority of Singapore, said on Friday (8) while delivering the inaugural Arun Jaitley Memorial Lecture in New Delhi. “India is not going to be able to achieve its economic and social ambitions in the next 25 years without substantially higher growth ambitions. India must grow by at least 8-10 percent a year over the next 25 years. It is the only way in which it is going to be able to both lift per capita incomes as well as create many more jobs,” Shanmugaratnam said.
