GST to help India achieve 9% growth rate: Niti Aayog CEO
The Goods and Services Tax, to be rolled out next month as the biggest tax reform since independence, will help India achieve 9 percent growth rate, NITI Aayog CEO Amitabh Kant said on Tuesday.
Jun 06, 2017, 14:06 PM IST
Ease of doing business: India overtakes China as world's No. 1 developing countries for retail investment
India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India's rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers.
Jun 05, 2017, 14:50 PM IST
India's services sector growth in May fastest in 4 months
Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said on Monday.
Jun 05, 2017, 11:37 AM IST
India to retain ‘fastest growing’ tag; World Bank projects 7.2% growth rate this year
Noting that India is recovering from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 percent growth rate for India this year against 6.8 percent growth in 2016.
Jun 05, 2017, 11:02 AM IST
Chinese media mocks India's GDP figures, says slower growth nasty surprise, self-goal
A state-run Chinese daily said on Friday that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.
Jun 02, 2017, 15:32 PM IST
Economic turnaround in Q1; sustain 8% growth in few years: Niti Aayog
Indian economy is out of the woods as far as the impact of demonetisation is concerned and a turnaround will be seen in the first quarter of the current fiscal, NITI Aayog vice chairman Arvind Panagariya said on Friday.
Jun 02, 2017, 14:48 PM IST
'For 8 % GDP growth, manufacturing needs to grow at 12-14%'
India's manufacturing sector needs to grow at 12-14 percent for the country's overall growth rate to touch 8 percent, NITI Aayog member V K Saraswat said on Thursday.
Jun 01, 2017, 18:02 PM IST
India's industrial output growth slips to 2.7% in March; retail inflation declines to 2.99% in April
Industrial output growth slipped to 2.7 percent in March, chiefly because of poor performance of the manufacturing sector, showed the IIP data based on the revised base year of 2011-12.
May 12, 2017, 17:34 PM IST
'Easing crude prices good for India's inflation, GDP growth'
Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.
May 11, 2017, 13:40 PM IST
India a bright spot despite disruptive reforms: Survey
India continues to remain an economic bright spot despite some bold but disruptive reforms, according to a recent survey.
Apr 25, 2017, 20:23 PM IST
Build economy first, then aircraft carriers: Chinese daily to India
India should focus more on its economy rather than building its aircraft carriers to check China`s increasing presence in the Indian Ocean, an influential daily said on Monday.
Apr 24, 2017, 14:59 PM IST
India's growth projected to bounce back in 2018: IMF
The IMF on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 percent in fiscal year 2018 and further to 7.7 percent the next year.
Apr 21, 2017, 19:24 PM IST
UBI can work only if welfare schemes are phased out: CEA
The radical idea of giving free money under a universal basic income plan to reduce poverty can work in India only if the plethora of welfare schemes are phased out, Chief Economic Adviser Arvind Subramanian has said.
Apr 19, 2017, 16:10 PM IST
IMF cuts India's growth forecast to 7.2% for 2017
The IMF on Tuesday trimmed India's annual growth forecast by 0.4 percentage points to 7.2 percent for 2017, citing the impact of demonetisation.
Apr 18, 2017, 18:57 PM IST
Need to reduce 'friction' in businesses in India: Narayana Murthy
To transform India's economy, there is a need to reduce "friction" in businesses and create an "environment" wherein the government has more trust in its entrepreneurs, Infosys founder N R Narayana Murthy has said.
Apr 13, 2017, 14:00 PM IST
Keep fiscal deficit at 3% till March 2020, says FRBM panel
The government should target a fiscal deficit of 3 percent of the GDP in years up to March 31, 2020, the Fiscal Responsibility and Budget Management (FRBM) Committee has recommended.
Apr 12, 2017, 19:38 PM IST
Care sees GDP clipping at 7.5-8% in FY18 if monsoon is normal
Rating agency Care on Tuesday said it expects GDP growth to accelerate to 8 percent next financial year and flagged monsoon as the only area of concern that may scupper this.
Mar 28, 2017, 20:46 PM IST
India slips one position in Human Development Index rank to 131, Norway No.1
India came down by one slot and was ranked 131st among 188 countries on Human Development Index (HDI) 2016 released by the United Nations Development Programme (UNDP).
Mar 22, 2017, 18:15 PM IST
India GDP growth to slow to 6.7% in Jan-Mar 2017: Nomura
India's GDP growth is expected to slow to 6.7 percent in the January-March quarter of this fiscal year as overall activity is yet to bounce back to levels seen prior to demonetisation, says a Nomura report.
Mar 22, 2017, 15:46 PM IST
India's exports up for 6th straight month, post double digit growth in February
India's exports exhibited a double digit growth of 17.48 percent, valued at USD 24.5 billion in February compared to USD 20.84 billion during the same month last year on increase in shipments of non-petroleum, non gems and jewellery products.
Mar 15, 2017, 19:14 PM IST