India's economy

Reforms, rate easing key to achieve over 8% growth: Citigroup

According to global financial services major Citigroup, structural reforms, rate easing and range-bound commodity prices are key for over 8 percent GDP growth.

May 20, 2015, 17:54 PM IST

'GDP to grow at 9% once structural issues addressed'

The Economic Survey had projected a growth of 8.1 to 8.5 percent in the current financial year.

May 20, 2015, 16:05 PM IST

Now on India will grow faster, outpace China: UN

India is expected to log a growth of 7.6 percent this year and 7.7 percent, nearly 1.5 percentage points higher than the outlook just four months ago, in a clear sign that it will outpace China quite decisively, as per a UN report released here Tuesday.

May 20, 2015, 14:55 PM IST

India's economic growth to surpass China's in 2015-16: UN

The mid-year update of the UN World Economic Situation and Prospects (WESP), released Tuesday, said India's economy is projected to grow by 7.6 percent this year and 7.7 percent in 2016, overtaking China.

May 20, 2015, 00:04 AM IST

Expectations from Modi govt taper off on legacy issues: Crisil

Rating agency Crisil on Tuesday said expectations from Prime Minister Narendra Modi-led government have moderated in its first year, as it was not able to push demand due to the issues it inherited.

May 19, 2015, 15:45 PM IST

GDP to grow further after 7-7.5% last year: Arun Jaitley

India`s economy grew an estimated 7-7.5 percent last fiscal year and will keep growing this year, but the government will have to invest more in agriculture to keep up the momentum, Finance Minister Arun Jaitley said on Saturday.

May 10, 2015, 16:33 PM IST

India is now world's fastest growing country: PM Modi

Modi said the government`s decision to auction coal has led to states getting richer and using the royalty money from the mines for the welfare of the people.

May 10, 2015, 15:12 PM IST

India's manufacturing, services growth outpaced China in April

Manufacturing and service sectors in India expanded at a faster pace last month than China, even as economic growth moderated overall in emerging markets, a survey said.

May 08, 2015, 12:45 PM IST

India to achieve highest GDP growth of 7.9% over next 8 years

India is projected to record average annual growth rates of 7.9 percent over the next eight years, nearly double of China's 4.6 percent projected growth over the period.

May 08, 2015, 09:30 AM IST

GST possible in 2016, but Rajya Sabha nod holds key: Experts

The passage of the Constitution Amendment Bill in the Lok Sabha will ensure GST implementation by April 2016, but first it has to pass muster in the Rajya Sabha, experts said.

May 06, 2015, 17:43 PM IST

Lok Sabha approves GST Bill, paves way for uniform tax regime

GST, which is proposed to be implemented from April 1, 2016, will subsume excise, service tax, state VAT, entry tax, octroi and other state levies.

May 06, 2015, 16:31 PM IST

Face off likely over GST in Parliament

A face-off between the opposition and government over the Goods and Services Tax (GST) bill is likely with the Congress and some other opposition parties insisting that it be sent to the Parliamentary Standing Committee for scrutiny.

May 05, 2015, 20:48 PM IST

GST Bill taken up in Lok Sabha, fate uncertain in Rajya Sabha

Opposition members insisted that bill be referred to the Standing Committee on Finance as it was a new bill as opposed to the one brought by the UPA government.

May 05, 2015, 19:20 PM IST

Services push must to create jobs: FM Jaitley

India has the means and the potential to become a global hub for services with competitive pricing, and become a major source of job creation for millions of youth in the country, Finance Minister Arun Jaitley said here on Saturday.

Apr 25, 2015, 21:35 PM IST

PM Narendra Modi to inaugurate Global Exhibition on Services today

Prime Minister Narendra Modi will inaugurate a three-day global exhibition on services starting Thursday to showcase India's strength in the sector and provide platform to the industry to explore business opportunities.

Apr 23, 2015, 09:06 AM IST

Broad consensus on GST among states: FM Jaitley

Jaitley said he is optimistic about introduction of GST, which will create a nationwide unified market and remove trade barriers in the form of cascading effects of taxation, from April 1, 2016.

Apr 22, 2015, 13:12 PM IST

Govt optimistic about GST roll out from April 2016: FM Jaitley

Finance Minister Arun Jaitley on Wednesday said the government will go ahead with GST Constitutional Amendment Bill in the ongoing session of Parliament.

Apr 22, 2015, 12:51 PM IST

Visit to France, Germany, Canada aimed at boosting economy: PM

Prime Minister Narendra Modi on Saturday said his upcoming visit to France, Germany and Canada was aimed at boosting India's economy and creating jobs.

Mar 28, 2015, 14:07 PM IST

Manufacturing sector still a challenge: FM Jaitley

Finance Minister Arun Jaitley on Wednesday said manufacturing sector is still a challenge and we have to invent the engine of growth.

Mar 25, 2015, 17:02 PM IST

Economic Survey 2015 (Overview and Highlights): India to grow over 8% in FY16

Economic Survey also indicated that the growth during 2014-15 may touch 8 percent on better farm output.

Feb 27, 2015, 13:40 PM IST