India's services sector contracts for 3rd month in January, rebound likely
ndia's services languished, with new business orders falling for the third straight month, amid muted inflationary pressure that could offer RBI much room to remain accommodative in its next policy meet next week.
Feb 03, 2017, 11:44 AM IST
Indian economy to grow 7-7.5% in FY'18: Arvind Panagariya
Niti Aayog vice-chairman Arvind Panagariya today expressed hope that the economic growth in the next fiscal year would be in the range of 7-7.5 percent.
Jan 31, 2017, 20:43 PM IST
India's forex reserves cross $360 billion
India`s foreign exchange reserves went up marginally to $360.77 billion as on January 20, 2017, the Reserve Bank of India (RBI) said.
Jan 28, 2017, 15:28 PM IST
Currency-to-GDP ratio to reach 9% by March end: Nomura
Money in circulation is rising again in India post demonetisation and at the current rate, currency-to-GDP ratio will reach about 9 percent by March -- sufficient to stabilise economic activity.
Jan 27, 2017, 14:19 PM IST
Budget 2017: Only miracle can help India meet fiscal deficit target, says Crisil
Can India meet a fiscal deficit target of 3 percent of GDP for 2017-18? "Short of a miracle, `no`," says Crisil Research, ahead of the presentation of the Union budget, due next Wednesday
Jan 25, 2017, 15:46 PM IST
India's consumption growth de-risks it from global uncertainty: KV Kamath
Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation's National Development Bank chief K V Kamath has said the world is going through very uncertain times but that may not have much impact on India.
Jan 22, 2017, 10:45 AM IST
Limited room to reduce fiscal deficit to 3% in FY'18: Moody's
The government is likely to achieve its fiscal deficit target of 3.5 percent of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3 percent in 2017-18, Moody's said today.
Jan 16, 2017, 14:17 PM IST
Reforms, policy effectiveness to decide India rating: Moody's
Government's capacity to implement reforms and policy effectiveness will decide India's rating going forward, Moody's Investors Service said today.
Jan 10, 2017, 11:36 AM IST
Indian services sector contracts for 2nd month in December
The index that slipped into contraction territory in November remained in that zone as the rupee ban led to the sharpest fall in new business since September 2013.
Jan 04, 2017, 12:38 PM IST
GDP growth rate for Q-2 raised to 7.3% from 7.1%
GDP growth rate for Q-2 raised to 7.3% from 7.1%. Watch complete news story of News 360 for getting detailed updates!
Dec 01, 2016, 13:15 PM IST
Fitch cuts India's GDP outlook to 6.9% for 2016-17
Fitch Ratings has lowered India`s GDP outlook for the current year to 6.9 percent from the 7.4 percent estimated earlier.
Nov 29, 2016, 16:05 PM IST
Indian economy grew 7.1% in first half of fiscal: Sitharaman
New Delhi, Nov 28 (IANS) The Indian economy grew at 7.1 per cent in the first half of the current fiscal, despite subdued growth in the global economy, Parliament was informed on Monday.
Nov 28, 2016, 16:06 PM IST
India rises to 2nd spot on global business optimism index: Report
In wake of goods and services tax (GST) set to be a reality, India was ranked second on the optimism index during the third quarter (July-September 2016).
Nov 06, 2016, 20:46 PM IST
Government raises $314 million from share sale in L&T
India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.
Nov 04, 2016, 13:29 PM IST
India's service sector activity in October gathers pace
Services sector activity in the country gathered pace in October, driven by sharper increase in new business orders amid strong demand and improved market conditions.
Nov 03, 2016, 11:24 AM IST
S&P retains India's rating at BBB-; Govt says rating firms need to introspect
The government on Wednesday slammed global rating agencies for not upgrading India's sovereign rating despite a slew of reforms, saying they need to do some "introspection" as investors globally feel the country is "under-rated".
Nov 02, 2016, 16:22 PM IST
S&P retains India's rating at BBB- with stable outlook; rules out upgrade for 2 years
Dashing the government's hope of improved credit rating, S&P on Wednesday retained India's rating at 'BBB-' with a stable outlook and ruled out any upgrade in two years, citing weak public finances.
Nov 02, 2016, 14:50 PM IST
India's savings rate in need of a boost: DBS
Domestic savings are required to fund investment, which otherwise must be financed with foreign capital.
Sep 02, 2016, 15:33 PM IST
Expect 8% GDP growth in FY17 on back of good monsoon: Shaktikanta Das
India is expected to clock a GDP growth of nearly 8 percent this fiscal on the back of good monsoon rains, Economic Affairs Secretary Shaktikanta Das said on Saturday.
Aug 27, 2016, 20:33 PM IST
'India can recast global narrative; needs 8-10% growth'
India has a hugely "unfulfilled potential" and is uniquely positioned to "recast the global narrative", requiring 8-10 percent growth rate over 20 years so as to reduce the per capita income gap with the likes of China, Singapore Deputy Prime Minister Tharman Shanmugaratnam.
Aug 26, 2016, 16:09 PM IST
