FSDC takes note of economic headwinds, vows to stay alert
The Council, comprising regulators, took note of the overall stability that has been achieved on the back of improvements in macro-economic fundamentals, structural reforms with the launch of the Goods and Services Tax (GST), action being taken to address the twin balancesheet challenge and financial market confidence.
Aug 22, 2017, 14:48 PM IST
Achieving high end of 6.75-7.5% growth difficult; inflation to be below RBI's 4% target: Economic Survey
For the first time today, the government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February.
Aug 11, 2017, 14:22 PM IST
Firm rupee headwind for export, global demand may cut impact
The rupee has risen more than six percent this year against the dollar. This is in contrast to six consecutive years of depreciation.
Aug 08, 2017, 14:45 PM IST
India's reform agenda moving at a quick pace; GST to create unified market of 1.3 billion people: PM Modi at G20 Summit
Talking about the Indian economy at the G20 Summit, PM Modi said the decision on demonetisation has "dealt a blow to corruption, boosted digitisation and enlarged the formal economy".
Jul 07, 2017, 20:19 PM IST
FPIs keep faith in equities, but Indians hunt for gold
Foreign investors have invested about USD 124 billion in Indian equities over 2008-17 and own large stakes in the country's best companies, says a report.
Jun 26, 2017, 14:35 PM IST
India's economy to grow at 7.4-7.6% in next two fiscals: Fitch Ratings
Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.
Jun 20, 2017, 14:33 PM IST
India ready for GST, anti-profiteering rules soon: Hasmukh Adhia
Hasmukh Adhia, revenue secretary at the Finance Ministry, also said rules would be issued "soon" to deter unscrupulous businesses from exploiting the tax reform to gouge customers.
Jun 16, 2017, 15:26 PM IST
CSO to change GDP base year to 2017-18 from 2011-12: Gowda
The statistics ministry is set to change the base year of national accounts to 2017-18 from 2011-12 after completion of the household consumer expenditure survey and labour force data by the end of 2018.
Jun 13, 2017, 18:20 PM IST
India's economy gets double dose of good news; industrial output rises 3.1%, inflation hits record low of 2.18%
India's industrial production grew by 3.1 percent in April due to good performance of electricity, mining and manufacturing sectors, as per data released by Central Statistics Office (CSO).
Jun 12, 2017, 17:35 PM IST
Many US firms plan to incrementally invest in India, China: UBS
There is significant potential for cross border investments to India and China as large and medium sized US firms plan to incrementally invest in these Asian economies than in Western Europe, says an UBS report
Jun 12, 2017, 16:10 PM IST
HSBC sees India growth unchanged at 7.1% this fiscal
India's growth is likely to remain unchanged at 7.1 percent this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
Jun 08, 2017, 15:51 PM IST
GST to help India achieve 9% growth rate: Niti Aayog CEO
The Goods and Services Tax, to be rolled out next month as the biggest tax reform since independence, will help India achieve 9 percent growth rate, NITI Aayog CEO Amitabh Kant said on Tuesday.
Jun 06, 2017, 14:06 PM IST
Ease of doing business: India overtakes China as world's No. 1 developing countries for retail investment
India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India's rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers.
Jun 05, 2017, 14:50 PM IST
India's services sector growth in May fastest in 4 months
Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said on Monday.
Jun 05, 2017, 11:37 AM IST
India to retain ‘fastest growing’ tag; World Bank projects 7.2% growth rate this year
Noting that India is recovering from the temporary adverse effects of demonetisation, the World Bank has projected a strong 7.2 percent growth rate for India this year against 6.8 percent growth in 2016.
Jun 05, 2017, 11:02 AM IST
Chinese media mocks India's GDP figures, says slower growth nasty surprise, self-goal
A state-run Chinese daily said on Friday that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.
Jun 02, 2017, 15:32 PM IST
Economic turnaround in Q1; sustain 8% growth in few years: Niti Aayog
Indian economy is out of the woods as far as the impact of demonetisation is concerned and a turnaround will be seen in the first quarter of the current fiscal, NITI Aayog vice chairman Arvind Panagariya said on Friday.
Jun 02, 2017, 14:48 PM IST
'For 8 % GDP growth, manufacturing needs to grow at 12-14%'
India's manufacturing sector needs to grow at 12-14 percent for the country's overall growth rate to touch 8 percent, NITI Aayog member V K Saraswat said on Thursday.
Jun 01, 2017, 18:02 PM IST
India's industrial output growth slips to 2.7% in March; retail inflation declines to 2.99% in April
Industrial output growth slipped to 2.7 percent in March, chiefly because of poor performance of the manufacturing sector, showed the IIP data based on the revised base year of 2011-12.
May 12, 2017, 17:34 PM IST
'Easing crude prices good for India's inflation, GDP growth'
Average crude oil prices will be around USD 45 for the next half of this year and this, coupled with positive macro fundamentals, could translate into better growth numbers for the country, says a report.
May 11, 2017, 13:40 PM IST
