Launch next phase of reforms for faster growth, IMF to India
With India's growth rate projected to drop slightly from 7.5 percent to 7.3 percent in 2015, the IMF on Friday recommended the country to launch next phase of economic reforms and improve its business climate for achieving faster and more inclusive growth.
Oct 10, 2015, 00:10 AM IST
India to grow at 7.5%, faster than China: IMF
"Growth in India is expected to rise above the rates in other major emerging market economies," the IMF said in its latest World Economic Outlook.
Oct 06, 2015, 19:58 PM IST
Terrorism has long-lasting impact on Indian economy: Moody's
In 20 years (from 1994 to 2013), India faced 6,024 attacks, a little less than tenth of 68,962 incidents worldwide.
Oct 06, 2015, 19:27 PM IST
GDP to exceed 7.5%, taxes to fall short of target by Rs 50,000 cr: Govt
Government Monday said revenue collection will fall short by Rs 50,000 crore but expressed confidence that economic growth will exceed 7.5 percent, with fiscal deficit remaining within the budgeted target.
Oct 05, 2015, 17:25 PM IST
Rate cut good; action on multiple fronts needed to push GDP: CEA
The 0.50 percent cut in interest rate by RBI is welcome and will bring down the cost of funds but action on multiple fronts would be needed to promote economic growth, Chief Economic Advisor Arvind Subramanian said here Wednesday.
Sep 30, 2015, 15:21 PM IST
Govt to reassess GDP forecast for this fiscal: Jaitley
With RBI lowering the growth forecast to 7.4 percent for the current fiscal, Finance Minister Arun Jaitley on Tuesday said the government will reassess its GDP projections.
Sep 29, 2015, 13:15 PM IST
`India doesn't need extra stimulus, will grow over 8%`
India does not need further fiscal stimulus to revive the economy, despite record low inflation and growth seen at the lower end of an 8.1-8.5 percent target this financial year, chief economic adviser Arvind Subramanian said on Wednesday.
Sep 23, 2015, 16:35 PM IST
India an island of calm in ocean of turmoil: Rajan
Stating that Indian economy is doing "quite well" when advanced countries are struggling to grow, RBI Governor Raghuram Rajan on Friday termed India as an "island of relative calm in an ocean of turmoil".
Sep 18, 2015, 19:35 PM IST
7% GDP growth not enough: FM Jaitley
Finance Minister Arun Jaitley on Friday said 7 percent growth rate recorded in the first quarter of current fiscal "is not just enough", though many thought it was a fair growth rate.
Sep 18, 2015, 18:29 PM IST
Indian economy an 'exception'; to grow 7.2% this fiscal: OECD
India is projected to grow at a slightly lower pace than expected earlier at 7.2 percent this fiscal but the country is an "exception" to the worsening picture in major emerging economies, says OECD.
Sep 16, 2015, 19:37 PM IST
UBS cuts India's growth forecast to 7.1% for FY16
Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.
Sep 08, 2015, 16:13 PM IST
Decline in exports "pulled down" GDP growth by 3%: FIEO
Exporters body FIEO on Thursday said the decline in outbound shipments has "pulled down" India's GDP growth in the April-June quarter by over 3 percent.
Sep 03, 2015, 18:28 PM IST
Nifty plunges 185 points on gloomy macro data; bank shares crack
Investor sentiment was dampened after the June quarter GDP grew below estimates at 7 percent and core sector growth slipped to a three-month low of 1.1 percent in July.
Sep 01, 2015, 20:41 PM IST
'RBI more likely to cut rates in September, GDP growth steady'
There is a better than even chance that the Reserve Bank of India (RBI) will cut interest rates at its policy meeting on Sept. 29 thanks to inflation striking a record low, according to a Reuters poll, marking a shift in expectations from earlier.
Aug 28, 2015, 13:25 PM IST
'Market crash an aberration, macro fundamentals in better shape'
The recent stock market crash is an "aberration" and markets will correct based on upcoming macro numbers -- GDP and CPI inflation -- which are likely to be positive, SBI Research said in a note Thursday.
Aug 27, 2015, 13:19 PM IST
Optimistic about $20 trillion economy size in 20 years: Prabhu
Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to USD 20 trillion in size over the next 20 years.
Aug 21, 2015, 20:48 PM IST
GST watered down, can still add 0.6% to GDP growth: HSBC
Terming GST as one of the most promising reforms on anvil, global giant HSBC on Wednesday said the bill has been "watered down" but can still add a "sizeable" 60 basis points to India's GDP growth rate.
Aug 12, 2015, 13:30 PM IST
GDP numbers not flawed, CSO on right track: NSC
Clearing the air over the new GDP numbers, National Statistical Commission (NSC) chairman Pronab Sen on Tuesday said that Central Statistics Office (CSO) is following the correct methodology for computing national accounts and is on the right track.
Aug 11, 2015, 14:10 PM IST
GDP to grow at 8% in FY16, Sensex at 33,500 by Dec: Nomura
Maintaining a bullish stance on the Indian economy, Japanese brokerage Nomura Thursday projected a 8 percent GDP growth for the current fiscal year while retaining its Sensex target at 33,500 by December.
Aug 06, 2015, 21:55 PM IST
Business activity in India showing recovery: Goldman Sachs
Business activity picked up in the second quarter of 2015, largely on the back of better investment demand and improvements in commercial vehicle sales, Goldman Sachs said Tuesday.
Jul 14, 2015, 15:04 PM IST
