India better placed amidst fragile world economy: FSDC
India appears to be much better placed with improved macro-economic fundamentals, as measures to eliminate shadow economy and tax evasion are expected to have positive impact on GDP, the all-powerful FSDC -- headed by Finance Minister Arun Jaitley -- said on Thursday.
Jan 05, 2017, 19:32 PM IST
Next fiscal's growth to make up for extant economic slowdown: Arvind Panagariya
Niti Aayog vice-chairman Arvind Panagariya on Tuesday said demonetisation would have some impact on the economy in the third and fourth quarter of this fiscal but the country would make up for those losses in FY 2017-18.
Jan 03, 2017, 16:56 PM IST
India's core infrastructure sector growth rises to 4.9% in November
Infrastructure sector recorded a growth rate of 4.9 percent in November on the back of impressive performance by steel, electricity and coal products.
Jan 02, 2017, 18:04 PM IST
Economy grew 7.2% in first half of current fiscal, inflation in comfort zone: FinMin
Finance Ministry on Friday said that the Indian economy grew 7.2 percent in the first half of the current fiscal, retaining its position as one of the fastest growing major economies in the world.
Dec 30, 2016, 14:48 PM IST
PM Modi attends NITI Aayog’s meeting with economists, says early budget to make funds available at start of fiscal
The Prime Minister Narendra Modi, Tuesday attended an interactive session with economists and other experts, organized by NITI Aayog, on the theme “Economic Policy – The Road Ahead.”
Dec 27, 2016, 19:51 PM IST
India on the cusp of a leap towards higher growth trajectory, says President
President Pranab Mukherjee on Friday said India is on the cusp of a leap towards a higher economic growth trajectory.
Dec 23, 2016, 19:52 PM IST
Demonetisation: PM Modi ready to face consequences, says FM Jaitley
Prime Minister Narendra Modi is ready to face consequences of demonetisation, Finance Minister Arun Jaitley said on Wednesday.
Dec 07, 2016, 17:31 PM IST
India's GDP growth to slow to 6.5% in Q4
India's economic growth rate is likely to fall to 6.5 percent in the ongoing quarter and remain subdued at around 7 percent in the January-March period as cash shortage is expected to last at least until next month.
Dec 05, 2016, 15:55 PM IST
Infra sector growth jumps to 6-month high of 6.6% in October
Infrastructure sector recorded a growth rate of 6.6 percent in October -- the highest in last six months -- on the back of impressive performance by steel and refinery products.
Nov 30, 2016, 17:58 PM IST
Fiscal deficit in April-October at 79.3% of full year estimate
India's fiscal deficit during the seven months to October was Rs 4.24 trillion (USD 61.91 billion), or 79.3 percent of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.
Nov 30, 2016, 16:30 PM IST
Modi govt's demonetisation drive to benefit economy in long run: Panagariya
Niti Aayog Vice-Chairman Arvind Panagariya on Wednesday said the government's demonetisation drive will leave a "very positive" impact on the economy in the long term as more people will move towards digital transactions.
Nov 30, 2016, 15:59 PM IST
Indian economy grew 7.1% in first 6 months of current fiscal despite global headwinds
India's economy grew at 7.1 percent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said Monday.Despite demonetisation, India's GDP growth to be higher than China's: Fitch Ratings
Nov 28, 2016, 14:27 PM IST
India's economy to grow 8%, agri sector over 4% this fiscal: Das
Pinning hopes on a slew of government reforms, Economic Affairs Secretary Shaktikanta Das on Tuesday said the GDP growth will be around 8 percent this fiscal while the agriculture sector is expected to grow over 4 percent.
Oct 25, 2016, 16:20 PM IST
Modi govt may seek $7.5 billion in extra spending to spur growth
India may seek parliamentary approval to spend about $7.5 billion more on roads, railways and other public programmes over the next five months, two government sources said, as Prime Minister Narendra Modi looks to spur growth and create jobs.
Oct 14, 2016, 06:43 AM IST
India can be $10-trillion economy in next 15 years: Arvind Panagariya
India can become a USD 10 trillion economy in the next 15 years, from the existing USD 2 trillion, like China did in last one and a half decade, said NITI Aayog Vice-Chairman Arvind Panagariya Friday.
Oct 07, 2016, 13:19 PM IST
India Economic Summit 2016: Tech, ease of doing biz will help achieve 8% growth, says Nirmala Sitharaman
Use of technology, transparent processes and ease of doing business will help India pull off 8 percent growth over the next couple of decades, the government Thursday said.
Oct 06, 2016, 12:29 PM IST
Scant growth in jobs, but consumer spending buoyant: Survey
Contrary to the perception of stunted growth in job openings or salaries, there is buoyancy in the economy when it comes to spending as one-third of the population is expected to go in for high-value items this festive season, says a survey.
Oct 05, 2016, 18:04 PM IST
RBI optimistic on inflation, warns of risks to growth next year
The Reserve Bank on Tuesday warned of risks to growth next year due to muted private investments and weak global demand coupled with geopolitical risks, but sounded optimistic on meeting the Parliament-mandated inflation target of 2-6 percent in the current financial year.
Oct 04, 2016, 15:34 PM IST
India's manufacturing growth cools in September on weakening demand
Indian factory activity cooled in September on slowing growth in new orders and production and as manufacturers charged slightly higher prices, although muted inflation should give the central bank room to ease policy further, a survey showed.
Oct 03, 2016, 11:01 AM IST
Solid demand, milestone reforms to sustain India's growth: ADB
India's economy will remain on a strong growth path this fiscal and clock a growth of 7.4 percent aided by implementation of key structural reforms, robust consumer demand and higher agricultural output driven by a good monsoon, predicted an ADB study.
Sep 27, 2016, 14:24 PM IST
