India's current account deficit narrows to 0.6% of GDP in Sept quarter
The current account deficit (CAD) narrowed by more than a percentage point to 0.6 percent of GDP at USD 3.4 billion in the July-September on account of lower trade deficit.
Dec 13, 2016, 19:13 PM IST
Demonetisation Impact: RBI cuts growth forecast to 7.1% from 7.6% for FY 2016-17
The Reserve Bank on Wednesday cut the economy's expansion forecast for current fiscal to 7.1 percent, from 7.6 percent earlier, saying that short-term disruption in economic activity and demand compression arising out of demonetisation have led to downside risks to growth.
Dec 07, 2016, 15:42 PM IST
First RBI monetary policy review after demonetisation: All you need to know
Know the highlights of RBI's fifth bi-monthly monetary policy statement, 2016-17.
Dec 07, 2016, 15:22 PM IST
RBI likely to cut repo rate by 0.25% next week: Citigroup
Reserve Bank is expected to go for a 25 bps repo rate cut in its next week's policy review meet in view of downside risks to the economic growth, says a Citigroup report.
Dec 02, 2016, 13:22 PM IST
India's Q2 GDP growth: This is how different sectors performed
India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months by the impact of demonetisation.
Dec 01, 2016, 10:22 AM IST
India's GDP growth numbers in Q2 good; uncertainty remains for 2nd half: CEA
GDP growth numbers for the first half of the current fiscal have revealed a good and consistent performance but lot of uncertainty remains on the outlook for the second half, Chief Economic Adviser Arvind Subramanian said Wednesday.
Nov 30, 2016, 20:17 PM IST
India's Q2 GDP growth improves to 7.3% vs 7.1% in Q1
Showing signs of recovery, India's economic growth rate improved to 7.3 percent in July-September compared to 7.1 percent in April-June.
Nov 30, 2016, 17:35 PM IST
'Govt likely to meet next financial year's 3% fiscal deficit target'
Government is expected to meet its fiscal deficit target of 3 percent for the next financial year on account of additional revenue from penalty on black money and deposits under the income disclosure, says a report.
Nov 29, 2016, 14:26 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
Despite demonetisation, India's GDP growth to be higher than China's: Fitch Ratings
While there are many facets to India`s demonetisation measure making it difficult to predict the impact on real gross domestic product (GDP) growth, the growth will still be higher than China`s in the medium term, said Fitch Ratings.
Nov 25, 2016, 18:20 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
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
Adoption of GST poised to boost India's medium-term growth: IMF
Asserting that India has shown that progress on reforms could "ignite" business investment, the IMF on Thursday said the adoption of goods and services tax is poised to boost the country's medium-term growth.
Oct 07, 2016, 10:06 AM IST
'GDP to bank credit growth link weakening due to alternatives'
Historical correlation between GDP growth and banks' credit expansion is fast eroding due to proliferation of other institutions, and lenders will have to make a slew of changes to regain their share, Reserve Bank Deputy Governor S S Mundra Wednesday said.
Sep 28, 2016, 16:53 PM IST
India's manufacturing growth surges to 13-month high in August
Recording "solid improvement", manufacturing sector growth touched a 13-month high in August bolstered by expansion in new works as well as acceleration in buying and production levels, says a survey.
Sep 01, 2016, 13:09 PM IST
GDP slowdown in Q1 due to higher subsidy outgo: Das
Attributing the slowdown in first quarter GDP to higher subsidy outgo, Finance Ministry on Wednesday expressed confidence that good monsoon and impact of pay commission award will push the economic growth close to 8 percent in the current fiscal.
Aug 31, 2016, 20:10 PM IST
India's Q1 GDP growth slows to 7.1%, lowest in 6 quarters
Indian economy grew at the slowest pace in last six quarters at 7.1 percent in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.
Aug 31, 2016, 17:43 PM IST
India's economy never been in stronger position than today: Parekh
HDFC Chairman Deepak Parekh on Monday said the country's economy is in a "stronger position" and demonstrating an immense growth potential with a strong leadership at the helm bringing in key reforms.
Aug 29, 2016, 13:39 PM IST
Ind-Ra upticks GDP forecast to 7.8%; growth on but not speedy
Ind-Ra has revised India's economic growth forecast to 7.8 percent for the ongoing fiscal on better monsoon, but said the economy is just "chugging along" despite the euphoria emerging after the formation of Modi government at the Centre.
Aug 23, 2016, 13:29 PM IST
