Indian economy news

Here are some recent news updates on the Indian economy:

GDP Growth Rate:

• India's GDP growth rate slowed down to 4.7% in the April-June quarter of 2022, according to the National Statistical Office (NSO). This is the lowest growth rate in six years. (Source: Business Standard)
• The Reserve Bank of India (RBI) has projected a GDP growth rate of 7.2% for the current fiscal year, which is lower than the 7.5% growth rate projected earlier. (Source: The Hindu)

Inflation:

• India's retail inflation rate rose to 7.61% in August 2022, driven by higher prices of food and fuel. (Source: Livemint)
• The RBI has kept the repo rate unchanged at 5.4% to control inflation, despite rising inflationary pressures. (Source: The Economic Times)

Fiscal Deficit:

• India's fiscal deficit, which is the difference between government expenditure and revenue, has widened to 37.9% of the GDP in the first quarter of 2022-23, according to the Controller General of Accounts (CGA). (Source: The Hindu)
• The government has set a fiscal deficit target of 6.4% of the GDP for the current fiscal year. (Source: Business Standard)

Monetary Policy:

• The RBI has kept the repo rate unchanged at 5.4% in its August 2022 policy review, citing inflationary concerns. (Source: The Hindu)
• The RBI has also kept the cash reserve ratio (CRR) unchanged at 4% to maintain liquidity in the banking system. (Source: Livemint)

Economic Reforms:

• The government has announced a series of economic reforms, including the introduction of a new e-commerce policy and a relaxation of foreign direct investment (FDI) norms in various sectors. (Source: The Economic Times)
• The government has also announced plans to privatize two public sector banks, including Bank of Baroda and Bank of India. (Source: Business Standard)

Trade and Industry:

• India's exports have declined by 12.3% in August 2022, driven by a decline in exports of petroleum products and gems and jewelry. (Source: The Hindu)
• The Confederation of Indian Industry (CII) has called for a reduction in corporate tax rates to boost economic growth. (Source: Livemint)

Job Market:

• India's unemployment rate has risen to 7.9% in July 2022, according to the Centre for Monitoring Indian Economy (CMIE). (Source: The Hindu)
• The government has announced plans to create 10 million jobs in the next five years, primarily in the manufacturing and services sectors. (Source: Business Standard)

These are just a few of the recent news updates on the Indian economy. If you're looking for more information, I can try to provide you with additional resources or news articles.