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The Dollar Business Bureau International credit rating agency Fitch on Thursday projected India’s economic growth rate at 7.3% in the next financial year of 2018-19 and at 7.5% in the 2019-20 fiscal, as the Indian economy is showing signs of recovery because the disruptions caused due to demonetisation and goods and services tax (GST) have gradually diminished. However, India’s economic growth rate is estimated at 6.5% in the current fiscal, a little lower than the official estimates of 6.6% by the Central Statistics Office (CSO),” according the Fitch’s Global Economic Outlook report. Indian economy grew at the rate of 7.1% in 2016-17. “The pick-up in growth is likely as the influence of one-off policy-related factor which was dragging growth has now waned,” the US-based ...

Dated 1st January, 2016 | Copy of | RBI FED Master Direction No.16/2017-18 | 

Dated 4th January, 2018 | Copy of | RBI FED Master Direction No.11/2017-18 | 

The Dollar Business Bureau India’s merchandise exports during December last year recorded a positive growth of 12.36% year-on-year, on the back of a sharper increase in the shipments of engineering goods and petroleum products. Over the last 17 months, exports from the country have been on a positive trajectory, with a decline of just 1.1% in October 2017. However, imports recorded a sharp increase of 21.12% to $41.91 billion during the month on the back of rise in inward shipments of gold, silver, precious stones, petroleum and electronic goods. Due to this, the trade deficit has widened to $14.88 billion in the month of December, as compared to $10.54 billion over a year ago. Industry is hopeful that exports are expected to reach the ...

Dated 1st January, 2016 | Copy of | RBI FED Master Direction No.15/2015-16 | 

Dated 1st January, 2016 | Copy of | RBI FED Master Direction No.4/2015-16 | 

Dated 14th December, 2017 | Copy of | RBI FED Master Direction No.18/2015-16 | 

The Dollar Business Bureau The overseas investments by Indian companies declined by around 58% to $1.35 billion in the month of October on year-on-year basis, according to the data by Reserve Bank of India (RBI). In October last year, the total overseas foreign direct investment (FDI) by Indian firms was $3.2 billion. The investments were also recorded a decline on monthly basis, down from $2.65 billion in the month of September this year. The major Indian investors include Ceres Estate, Indian Designs Exports, CG Power and Industrial Solutions, ONGC Videsh, OIL India, Gail (India), Cadila Pharmaceuticals, Cipla, Wipro Enterprises, Ramco Systems and Piramal Enterprises. The country’s exports remained flat at $13.73 billion in the month of September compared to same month last year, while the imports into the ...