India's economy

Report on demonetisation's impact next month: Parl panel

A key Parliamentary panel is likely to submit its report on the impact of demonetisation next month after reviewing various submissions, including by RBI Governor Urjit Patel.

Mar 07, 2017, 17:54 PM IST

Demonetisation impact on GDP may be seen this quarter; remonetisation should be completed in 2-3 months: RBI

Demonetisation impact on GDP may be seen in the current quarter in some segments, while the remonetisation excersise should be completed in 2-3 months, RBI Deputy Governor Viral V Acharya said on Monday.

 

Mar 06, 2017, 20:53 PM IST

FY17 GDP to grow at 6.9%, will recover to 7.2% in FY18: BofAML

India is expected to clock a GDP growth of 6.9 percent this fiscal, which is likely to recover to 7.2 percent in 2017-18, says a Bank of America Merrill Lynch (BofAML) report.

Mar 01, 2017, 14:12 PM IST

GST adoption could raise India's medium-term GDP to over 8%: IMF

The adoption of the GST could help raise India's medium-term GDP growth to over eight percent and create a single national market for enhancing the efficiency of the movement of goods and services, the IMF said Wednesday.

 

Feb 22, 2017, 20:51 PM IST

India's GDP growth projected to slow to 6.6% post-demonetisation: IMF

India's growth is projected to slow to 6.6 percent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of "temporary disruptions" caused by demonetisation, the IMF said Wednesday.

Feb 22, 2017, 20:44 PM IST

It's important one grows a thick skin fast, says RBI Guv Urjit Patel

Unfazed by criticism of the way the note ban was handled, RBI Governor Urjit Patel on Friday said the central bank has grown a thick skin fast doing its job and stressed that the economy will make a "sharp V" recovery after a short drop.

 

Feb 17, 2017, 15:46 PM IST

India's GDP to expand post demonetisation: Meghwal

Demonetisation of old high value currency and the government's push towards digital economy will definitely expand India's GDP, Minister of State for Finance Arjun Ram Meghwal said on Thursday.

Feb 16, 2017, 15:47 PM IST

Budget 2017 to continue govt's transformation drive: Govt

Finance Ministry on Wednesday said the drive to transform India will continue in Budget 2017-18 to be unveiled by Finance Minister Arun Jaitley on February 1.

Jan 25, 2017, 21:25 PM IST

Demonetisation effect temporary, will make economy more transparent in the long run: President

President Pranab Mukherjee on Wednesday said demonetisation may have led to "temporary" slowdown in economy but it will bring more transparency in the system.

Jan 25, 2017, 19:54 PM IST

Budget 2017: Demonetisation may compel govt to provide stimulus, says IndRa

Finance Minister Arun Jaitley in his Budget on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation, India Ratings and Research said Wednesday.

Jan 25, 2017, 18:45 PM IST

Demonetisation to redefine new normal for economy: Arun Jaitley

Lauding the government`s surprise demonetisation move, Finance Minister Arun Jaitley on Friday said that it has attacked India`s parallel economy that was running outside the banking system for the last 70 years and a "new normal" will become the way for the country.

Nov 18, 2016, 20:38 PM IST

India's exports up 4.62% at $22.9 billion in September

Cumulative value of exports for the period April-September 2016-17 was USD 131.4 billion as against USD 133.7 billion registering a negative growth of 1.74 percent over the same period last year.

Oct 15, 2016, 02:10 AM IST

India's economy never been in stronger position than today: Parekh

HDFC Chairman Deepak Parekh on Monday said the country's economy is in a "stronger position" and demonstrating an immense growth potential with a strong leadership at the helm bringing in key reforms.

Aug 29, 2016, 13:39 PM IST

Growth recovery on track, reforms hold key: DBS

Strong consumption and public investments have kept India's growth recovery on track this year, and it is now crucial that the government's reform process sustains to keep the momentum going, says a DBS report.

Aug 16, 2016, 16:32 PM IST

Citi keeps 2016-17 growth at 7.7% on monsoon, 7th Pay Commission award

Indian GDP is expected to expand at 7.7 percent this financial year despite the fact that the pace of activity indicators slackened in April-June, says a Citigroup report.

 

Aug 02, 2016, 17:08 PM IST

Brexit is not good for world, a "step back" amid globalisation: SBI Chairperson

India will need to "re-examine" and "re-negotiate" the trade access with the EU and UK after Brexit, according to SBI Chairperson Arundhati Bhattacharya who called the development a "step back" amid globalisation.

Jul 05, 2016, 13:44 PM IST

India's services sector growth dips for 3rd straight month, hits 7-month low in June

Growth in India`s services sector slowed to a seven-month low in June as new orders continued to soften, a business survey showed on Tuesday.

Jul 05, 2016, 10:45 AM IST

India records 10-year low in public private investments: World Bank

India recorded a 10-year low in investments in public-private sector in the year 2015, adding to contraction that pulled down the global investment to below its five-year average of USD 124.1 billion, the World Bank has said.

 

Jun 14, 2016, 13:14 PM IST

India's fundamentals strong to attract investment: Govt

Finance Ministry on Wednesday said India will continue to attract investments because of the inherent strength and the return it offers to investors.

May 11, 2016, 14:04 PM IST

Achieving double digit growth in current global environment extremely difficult: FM Jaitley

Finance Minister Arun Jaitley on Thursday said that in the current global environment, achieving double digit growth is extremely difficult.

Mar 17, 2016, 10:58 AM IST