India's economy

India is Asia's bright spot: Report

The report further said that India is an interesting market and shaping up well for us.

Feb 15, 2016, 10:18 AM IST

Interest rates not holding back economy: Raghuram Rajan

A day after leaving interest rates unchanged for the second time in as many months, RBI Governor Raghuram Rajan on Wednesday said interest rates are not holding back the economy.

Feb 03, 2016, 20:10 PM IST

'India projected to be world's fastest growing economy'

Describing India as a "bright spot" in the backdrop of gloomy economic outlook globally, a senior Singaporean minister has said the country was projected to be the world's fasted growing economy and Singapore's close economic cooperation with it would be mutually beneficial.

Jan 27, 2016, 12:13 PM IST

Lower IIP mostly because of statistical issues, says CEA

Chief Economic Advisor (CEA) Arvind Subramanian further said the IIP number for the year as a whole is still higher than last year's and "broadly, the trend seems to be upwards".

 

Jan 12, 2016, 22:34 PM IST

Inclusive growth is high on priorities of Modi govt

The government will take adequate measures to ensure social security for children, women and senior citizens of the country, Finance Minister Arun Jaitley said Tuesday.

Jan 12, 2016, 20:34 PM IST

Recovery hopes recede as IIP growth plunges to over 4-year low at (-) 3.2% in November

This is the worst performance since October 2011 when IIP had contracted by 4.7 percent.

 

Jan 12, 2016, 20:12 PM IST

India's industrial output growth contracts 3.2% in November

As per data released by the Central Statistics Office (CSO), the manufacturing sector, a key indicator of economic activity, shrinked by 4.4 percent year-on-year in November.

Jan 12, 2016, 17:47 PM IST

India to remain bright spot in global economy: World Bank

In its latest Global Economic Prospect report - which is released every six months -- the World Bank marginally reduced India's growth rate -- 0.2 percent in 2015 and 0.1 percent in both 2016 and 2017.

Jan 07, 2016, 10:56 AM IST

World Bank may revise India's economic growth projection in January review

Recession in Brazil and Russia and slowdown in China have made India the leading economy in terms of growth prospects for the first time this year.

Dec 26, 2015, 17:14 PM IST

Raghuram Rajan for calibrated policies to offset US, China developments

RBI Governor Raghuram Rajan on Wednesday said domestic policies need to be carefully calibrated to withstand global headwinds due to China's slowdown and the US rate hike, even though India remains "relatively better placed" to handle volatilities.

Dec 23, 2015, 21:04 PM IST

No crisis on export front, no need for alarm, says Govt

Contraction in exports continued for the 12th month in a row in November which saw 24.43 percent decline in merchandise shipments to USD 20.01 billion amid a global demand slowdown.

 

Dec 22, 2015, 19:37 PM IST

India's current account deficit narrows to 1.6% of GDP in July-Sept

The July-September CAD is lower than USD 10.9 billion, or 2.2 percent of GDP, in the same quarter of last fiscal.

Dec 22, 2015, 18:39 PM IST

India's energy demand will be double by 2040: Pradhan

India's energy demands will be more than double by 2040 as the economy will grow over five times its current size, Petroleum Minister Dharmendra Pradhan said Monday.

Dec 21, 2015, 20:35 PM IST

Indian economy stagnant, lack of direction in Modi govt: Chidambaram

Asked where was the government lacking, Chidambaram said, "I don't think they have a command over the situation. Where are the jobs they promised, where is the private investment that they said will happen once they come to office?"

Dec 21, 2015, 17:04 PM IST

Goldman pegs India's GDP growth at 7.9% in FY17

Country's GDP is expected to grow by 7.9 percent next fiscal driven by rising domestic demand and higher capital spending by the government, even though global economy will remain anaemic, Goldman Sachs said Wednesday.

Dec 09, 2015, 20:31 PM IST

India to grow at 7.4% this fiscal, says S&P

India's economy will grow at 7.4 percent in the current fiscal, which will further improve to over 8 percent in 2016-17, Standard & Poor's Ratings Services projected Thursday.

Dec 03, 2015, 14:11 PM IST

News Live: Fitch estimates a chance of 8% GDP growth of India in 2016

Fitch estimates a chance of 8% GDP growth of India in 2016. Check out the detailed news in this video.

Nov 12, 2015, 15:59 PM IST

Fiscal deficit to reduce to 3.7% of GDP by FY18: Deutsche Bank

Though two major thrusts like fuel subsidy reduction and capital expenditure compression have driven fiscal consolidation in recent years, hardly any progress has been made in improving revenue collection.

Nov 10, 2015, 16:32 PM IST

Efforts to roll out GST from next fiscal: Jayant Sinha

Regretting at "low" tax payment, the Minister said the Narendra Modi-led government at the Centre, which has a mandate to provide corruption free and transparent regime, had toughened laws to prevent tax evasion and curb black money.

 

Nov 07, 2015, 20:38 PM IST

India's image of 'written off' economy changed in 17 months: PM Modi

The Prime Minister said before he took office, so much was written about India being on the brink of destruction due to mis-governance and corruption in the country.

Nov 07, 2015, 18:33 PM IST