India to regain tag of fastest growing economy in Q1: Arvind Panagariya
India will regain the crown of the fastest growing major economy, overtaking China, as early as the first quarter of 2017-18, NITI Aayog Vice Chairman Arvind Panagariya said on Thursday.
Jun 01, 2017, 18:17 PM IST
GDP growth of 7-8% 'fairly reasonable', says FM Jaitley
India growing at 7-8 percent is "fairly reasonable" in the current global context, Finance Minister Arun Jaitley said on Thursday while maintaining that the decline in fourth quarter GDP print cannot be attributed to demonetisation alone.
Jun 01, 2017, 13:29 PM IST
Deceptively quick, India's economy seen staying course as global pacesetter
India is set to hang onto its status as the world`s fastest growing major economy thanks to stronger consumer demand, if data due out later on Wednesday matches economists expectations for a 7.1 percent year-on-year expansion in the March quarter.
May 31, 2017, 14:03 PM IST
India's growth to accelerate to 7.5% this fiscal: Moody's
India's economic growth will accelerate to 7.5 percent in current fiscal and the government's reform push will help achieve 8 percent GDP growth rate in about four years, Moody's said today.
May 31, 2017, 11:15 AM IST
India's record diesel demand to continue in 2017, growth to slow
India's diesel demand is expected to rise to record levels again this year as a slew of infrastructure projects boosts use of the transport and industrial fuel, although a government-induced cash shortage will hold growth to its slowest in three years.
May 30, 2017, 14:24 PM IST
Govt modifying '2011 vintage' national manufacturing policy
The "2011 vintage" manufacturing policy is being modified to align it with initiatives like 'Make in India' as also Industrial Revolution 4.0, which refers to high end automation, Industry Minister Nirmala Sitharaman has said.
May 18, 2017, 15:59 PM IST
Demonetisation effect transitory, says UN expert
The January report had not taken into consideration the impact of the demonetisation policy on India's economic growth.
May 17, 2017, 14:02 PM IST
UN revises downward India's GDP growth for 2017
The United Nations has revised downward India's economic growth forecast for 2017 but predicted an increased 7.9 percent GDP growth next year as it cautioned that stressed balance sheets in the banking sectors will prevent strong investment rebound in the near term.
May 16, 2017, 20:13 PM IST
RBI on hold for now, 0.25% rate hike likely in 2018: Nomura
The Reserve Bank is expected to keep rates on hold this year as near-term inflation outlook is benign, but a cumulative 50 bps hike in 2018 is likely as growth accelerates, says a report.
May 15, 2017, 13:45 PM IST
Rating agencies inconsistent in their treatment of China, India
Slamming global credit rating agencies for not upgrading India despite clear improvement in its economic fundamentals, Chief Economic Adviser Arvind Subramanian on Thursday said they are following "inconsistent" standards while rating India and China.
May 11, 2017, 15:59 PM IST
'China may become bystander in competition with resurgent India'
China should take competition from India seriously as the Indian economy may see "explosive" growth in the future, raising prospects of it becoming "China 2.0", according to a Chinese think-tank.
May 11, 2017, 13:16 PM IST
India's economic growth expected to rebound to 7.2% in 2017-18 after temporary disruptions caused by note ban: IMF
India's growth is expected to rebound to 7.2 percent in the 2017-18 fiscal and 7.7 percent in 2018-19 after disruptions caused by demonetisation, the IMF said on Monday, while recommending the removal of long-standing structural bottlenecks to enhance market efficiency.
May 09, 2017, 09:31 AM IST
Remonetisation to expand tax base, says FM Jaitley
Finance Minister Arun Jaitley on Monday said remonetisation, following the world's largest note ban, has been substantially completed and the move will result in expansion of the tax base in the country.
May 08, 2017, 13:27 PM IST
Under Urjit Patel, RBI zooms in on 4% inflation target
Under Governor Urjit Patel, the Reserve Bank of India (RBI) will target inflation of 4 percent, three officials familiar with its thinking said, adopting a narrower reading of its mandate than markets in a bid to stamp out rampant price rises of the past.
May 08, 2017, 09:03 AM IST
Fitch keeps India's sovereign rating unchanged at 'BBB-' with stable outlook, projects 7.7% growth rate for this fiscal
Global rating agency Fitch Ratings on Tuesday kept India's sovereign rating unchanged at 'BBB-' -- the lowest investment grade -- with a stable outlook, citing a "weak fiscal position and difficult business environment".
May 02, 2017, 17:14 PM IST
'Gradual recovery in economy, neutral near-term policy stance likely'
The Indian economy is expected to witness gradual recovery with growth likely to bounce back to an average of 7.5 percent in the second half of this year and 7.7 percent in 2018, says a Nomura report.
May 02, 2017, 14:32 PM IST
India to overtake Germany as world's 4th largest economy by 2022: IMF
India is all set to overtake Germany as world's fourth largest economy by 2022, according to a IMF study.
Apr 28, 2017, 13:58 PM IST
GST rollout to push India's medium-term growth to over 8% but bad loans still a problem: IMF
The ambitious Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight percent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future.
Apr 28, 2017, 10:54 AM IST
Build economy first, then aircraft carriers: Chinese daily to India
India should focus more on its economy rather than building its aircraft carriers to check China`s increasing presence in the Indian Ocean, an influential daily said on Monday.
Apr 24, 2017, 14:59 PM IST
India's growth projected to bounce back in 2018: IMF
The IMF on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 percent in fiscal year 2018 and further to 7.7 percent the next year.
Apr 21, 2017, 19:24 PM IST
