Niti Aayog deputy chief says no harm in busting fiscal deficit target
Government officials last week told Reuters that they were contemplating spending up to Rs 500 billion (USD 7.61 billion)more to halt the slowdown, which could widen the federal fiscal deficit for the financial year ending next March to 3.7 percent of GDP from a budgeted target of 3.2 percent.
Sep 27, 2017, 13:07 PM IST
Government in process of changing economic environment: Arun Jaitley
The Finance Minister said that the "environment" was a result of three factors.
Sep 25, 2017, 19:43 PM IST
India's industrial output growth crawls at 1.2%; inflation rises to 3.36%
The factory output growth, measured on the Index of Industrial Production (IIP), for April-May period decelerated to 2.3 percent from 7.3 percent in the same period last fiscal, as per the data released by the Central Statistics Office.
Sep 12, 2017, 17:52 PM IST
India's tolerance, openness its biggest economic strength: Raghuram Rajan
India's diverse multicultural society and tradition of tolerance is its greatest strength, Raghuram Rajan said on Thursday.
Sep 07, 2017, 21:51 PM IST
FM hopeful of 7% GDP as manufacturing 'bottoms out'
The Economic Survey had projected a growth of 6.75 percent to 7.5 percent for 2017-18.
Aug 31, 2017, 22:30 PM IST
India Inc expresses disappointment over weak GDP data
India Inc on Thursday expressed disappointment over the country's economic growth, which slipped to a three-year low of 5.7 percent in April-June.
Aug 31, 2017, 20:59 PM IST
Indian economy grows at slowest pace under Modi government, hits 3-year low of 5.7% in April-June
India's GDP growth slipped to 13-quarter low of 5.7 percent year-on-year during the April-June quarter as compared to 6.1 percent in January-March, government data showed on Thursday.
Aug 31, 2017, 17:33 PM IST
India's economic success vital for global economy: UK envoy
India`s economic success and development are vital to the global economy and to Britain`s interests across South Asia, the British envoy to India said here on Thursday.
Aug 24, 2017, 20:21 PM IST
Good prospects for India to achieve over 8% growth in 2-3 years: Niti Aayog
The government think tank has come out with a detailed plan for reforms in the economy, judiciary, regulatory structure and social sectors, in its 'Three Year Action Agenda, 2017-18 to 2019-20'.
Aug 24, 2017, 19:25 PM IST
FSDC takes note of economic headwinds, vows to stay alert
The Council, comprising regulators, took note of the overall stability that has been achieved on the back of improvements in macro-economic fundamentals, structural reforms with the launch of the Goods and Services Tax (GST), action being taken to address the twin balancesheet challenge and financial market confidence.
Aug 22, 2017, 14:48 PM IST
Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey
For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.
Aug 11, 2017, 14:22 PM IST
Firm rupee headwind for export, global demand may cut impact
The rupee has risen more than six percent this year against the dollar. This is in contrast to six consecutive years of depreciation.
Aug 08, 2017, 14:45 PM IST
India's reform agenda moving at a quick pace; GST to create unified market of 1.3 billion people: PM Modi at G20 Summit
Talking about the Indian economy at the G20 Summit, PM Modi said the decision on demonetisation has "dealt a blow to corruption, boosted digitisation and enlarged the formal economy".
Jul 07, 2017, 20:19 PM IST
FPIs keep faith in equities, but Indians hunt for gold
Foreign investors have invested about USD 124 billion in Indian equities over 2008-17 and own large stakes in the country's best companies, says a report.
Jun 26, 2017, 14:35 PM IST
India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings
Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.
Jun 20, 2017, 14:33 PM IST
India ready for GST, anti-profiteering rules soon: Hasmukh Adhia
Hasmukh Adhia, revenue secretary at the Finance Ministry, also said rules would be issued "soon" to deter unscrupulous businesses from exploiting the tax reform to gouge customers.
Jun 16, 2017, 15:26 PM IST
CSO to change GDP base year to 2017-18 from 2011-12: Gowda
The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.
Jun 13, 2017, 18:20 PM IST
India's economy gets double dose of good news; industrial output rises 3.1%, inflation hits record low of 2.18%
India's industrial production grew by 3.1 percent in April due to good performance of electricity, mining and manufacturing sectors, as per data released by Central Statistics Office (CSO).
Jun 12, 2017, 17:35 PM IST
Many US firms plan to incrementally invest in India, China: UBS
There is significant potential for cross border investments to India and China as large and medium sized US firms plan to incrementally invest in these Asian economies than in Western Europe, says an UBS report
Jun 12, 2017, 16:10 PM IST
HSBC sees India growth unchanged at 7.1% this fiscal
India's growth is likely to remain unchanged at 7.1 percent this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
Jun 08, 2017, 15:51 PM IST