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    INDIA GSP FORECAST

    Why World Bank revised India's GDP forecast upwards

    In its latest India Development Update, the World Bank said the revision was due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers.

    Crucial assembly election results on Sunday in shadow of raging COVID pandemic

    They said counting of votes will begin at 8 AM and continue late into the night. As many as 1,100 counting observers will watch the process and candidates and agents will have to produce a negative COVID test report or double dose of vaccination certificate to get an entry.

    Target $340-$350 bln in exports for FY 22; Budget proposal on seizure of goods ‘draconian’: FIEO

    Addressing a range of issues that are impeding growth for the exports sector, FIEO said that economic growth is not possible without a strong export-led focus.

    What changed for D-Street while you were sleeping

    Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic.

    Goyal blames structural adjustment for slowdown, says nothing to worry

    Piyush Goyal said the ongoing economic slowdown was periodic. Reiterating on the Indo-US trade relations, he claimed it is not disputatious. India clocked in a 5% growth in Q1 and most global institutions have scaled down growth forecasts.

    Exports decline 6 per cent to $26.13 billion; trade deficit narrows

    Imports too declined by 13.45 per cent to USD 39.58 billion, narrowing trade deficit to USD 13.45 billion in August.

    The Economic Times
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