It said the supply of commercial real estate marginally increased from 49.7 million sq. ft. in 2021 to touch 50.6 million sq. ft. in 2022.
Global food and energy prices have retreated to levels that are below where they were prior to the Russia-Ukraine conflict.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion since mid-2022.
In value terms, coffee export was higher at Rs 8,762.47 crore in 2022 as against Rs 6,984.67 crore in the previous year.
High prices of crude and edible oils, pulses and vegetables were among the main factors behind the high inflation during the year.
Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability of the banks.
He was speaking on the occasion of the Reliance Family Day Function.
At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback and witnessed an intraday high of 82.69 and a low of 82.87.
And when they exhausted all options, FMCG (Fast Moving Consumer Goods) companies raised prices. Now, they are hoping to recover the lost ground in 2023, with a recovery in margins and volumes, especially from the distressed rural areas amid softening commodity prices.
This growth trajectory will see India rise from fifth place on the World Economic League Table in 2022 to third in the global rankings by 2037, the consultancy said in the report released on Monday.
Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the ”green box”.
At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, then inched higher to 82.75, registering a decline of 5 paise over its last close.
Beyond construction of a new building, these days emphasis is also given on how energy-efficient the buildings would be so that there is no pollution or disturbance to anyone, she said at an event.
In the previous reporting week, the overall reserves had soared by USD 11 billion to USD 561.16 billion. This is the fifth consecutive week of an increase in the reserves.
Indian interest rates have also gone up, but exports have been slowing. India’s inflation problem is also going to be negative for growth.
The WPI stayed below the 10-point threshold for the second consecutive month. Prior to that, the WPI reading exceeded the double-digit threshold for 18 consecutive months, from April 2021 to September 2022.
Sitharaman was responding to a supplementary query of (CPI-M) member V Sivadasan during the question hour that why CSR funds cannot be given to chief ministers’ relief funds of state governments.
This came hours after official data showed that consumer price index (CPI) based inflation cooled to 5.88 per cent in November, the first time that it has come within the RBI’s target band this year.
The central bank considers the CPI data while formulating its semimonthly monetary policy. The Monetary Policy Committee (MPC) increased the repo rate by 35 basis points to 6.25 percent last week.
