India's economy

Economic Survey 2015: India in "sweet spot" of lower deficits, more growth

Indian economy is likely to grow above 8 percent in 2015-16, said the pre-Budget Economic Survey tabled by Finance Minister Arun Jaitley in Parliament Friday.

Feb 27, 2015, 08:41 AM IST

Stanchart revises FY16 GDP growth forecast to 7.7% from 6.3%

The statistical boost to GDP is likely to continue in the next financial year as well, as the Indian economy is expected to clock 7.7 percent growth under the new series, higher than 6.3 percent projected under the older series, says a report by Standard Chartered.

Feb 11, 2015, 17:48 PM IST

Lower oil prices to spur economic growth in India: Moody's

Global credit rating agency Moody`s Investors Service Wednesday said the lower oil prices is expected to alleviate India`s high inflation and spur economic growth.

Feb 11, 2015, 11:17 AM IST

Lower oil prices beneficial to India: Nilesh Karani

Oil prices have declined by nearly half in the past six months.

Feb 05, 2015, 14:43 PM IST

India needs to grow at 7-8% a year: Sinha

India needs to grow at 7-8 percent a year to create more job opportunities for young people and double the size of the economy in 10 years, Minister of State for Finance Jayant Sinha said.

Feb 04, 2015, 12:48 PM IST

India to be world's fastest growing big economy by 2017: World Bank

Fuelled by economic reforms, India is projected to become the world`s fastest growing large economy by 2017 with a growth rate of seven percent, overtaking China along the way, a World Bank report said Tuesday.

Jan 14, 2015, 23:37 PM IST

IIP rises to 5-month high of 3.8%; inflation slightly up at 5%

Reviving hopes of manufacturing recovery, industrial production grew at five-month high of 3.8 percent in November last year, but retail inflation inched up to 5 percent in December.

Jan 12, 2015, 21:56 PM IST

Industrial production grows by 3.8% in November

Reviving hopes of economic recovery, industrial production grew at a 5-month high of 3.8 percent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital goods.

Jan 12, 2015, 19:16 PM IST

Industrial output growth recovers to 3.8% in November

Industrial production growth recovered to 3.8 percent in November last year as compared to the same month in 2013.

Jan 12, 2015, 17:45 PM IST

India's sovereign rating upgrade likely in 2015: Report

Improving external balances and government actions may drive a sovereign rating upgrade for the country during the current calendar year, according to a report by Deutsche Bank (DB).

Jan 09, 2015, 00:43 AM IST

Services growth eased in December, prices barely rise

India's dominant service industry eased off the accelerator in December and firms barely raised prices, increasing pressure on the Reserve Bank of India (RBI) to loosen monetary policy soon, a survey showed on Tuesday.

Jan 06, 2015, 17:01 PM IST

India on track to 5.5% GDP growth; falling oil to help reforms

India is on track to achieve projected 5.5 percent economic growth rate in 2014-15 as declining oil prices present a golden opportunity for many beneficial reforms, Asian Development Bank said on Wednesday.

Dec 17, 2014, 19:57 PM IST

CAD likely to be 1.6% of GDP in FY15: Nomura

India's current account deficit is likely to be around 1.6 percent of GDP in the current financial year amid higher imports, Japanese brokerage firm Nomura has said.

Dec 17, 2014, 14:34 PM IST

India Inc dismayed over poor IIP nos, wants RBI to cut rates

Overall, 16 of the 22 industry groups in manufacturing showed negative growth in October.

Dec 12, 2014, 21:30 PM IST

Dip in factory output, low inflation raise rate cut clamour

Industrial production saw the sharpest contraction in three years of 4.2 percent in October, though retail inflation dipped to 4.3 percent.

Dec 12, 2014, 18:55 PM IST

IIP plunges to 3-year low; contracts 4.2% in October

India's industrial output growth rate contracted by 4.2 percent in October, dragged down by a fall in the manufacturing and the capital goods sector.

Dec 12, 2014, 17:43 PM IST

Govt working overtime to push reforms; GDP to rise to 6-6.5%: FM

He further said the government decontrolled diesel and would take more steps to streamline public expenditure and rationalise subsidies after receiving the report of the Expenditure Commission.

Dec 12, 2014, 16:41 PM IST

Government working overtime to push reforms: Jaitley

India's economic growth rate will accelerate to 6.5 percent next year and 7 percent thereafter, Finance Minister Arun Jaitley said on Friday.

Dec 12, 2014, 14:51 PM IST

Retrospective tax has only brought bad name to India: Jaitely

Retrospective tax has only brought bad name to India, instead of garnering more taxes, Finance Minister Arun Jaitley said in Lok Sabha Wednesday.

Dec 10, 2014, 18:47 PM IST

Rise in current account deficit not matter of concern: Arun Jaitley

The CAD in second quarter this fiscal increased on account of higher trade deficit contributed by deceleration in export growth and increase in imports.

Dec 09, 2014, 15:13 PM IST