Economic Growth

  • MH17 crash overshadows G20 trade summit July 19, 2014

    Sydney: Trade ministers from the world's leading economies met in Sydney on Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines flight MH17 threatening to overshadow the summit. G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebel-held...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • Reforms to boost economic growth, says government July 8, 2014

    New Delhi: India's economic growth rate, which has dropped to sub five per cent level, is expected to gain momentum on the back of reforms, the government said on Tuesday. "After stabilising at a low level of around 5 per cent, growth in the Indian economy is expected to pick up...
  • India Inc sees GDP growth of 5-6 pc in FY15: Survey June 19, 2014

    Mumbai: As many as 81 per cent of Indian corporates believe the country's economy is likely to grow 5-6 per cent in the current financial year, says a survey. "India Inc expects the economy to grow between 5-6 per cent and rupee around 77 per cent to appreciate against the...
  • Abdul Kalam motivates IIT students, calls for bridging rural-urban divide June 6, 2014

    Former President APJ Abdul Kalam on Thursday stressed on bridging rural-urban divide in the world and said fruits of growth must reach every section of society. "Inequality between rural and urban population in the world must be removed. Equal distribution of resources will help in bridging the poor-rich divide and it is...
  • Sri Lanka growth positive but needs to reduce debt: IMF May 30, 2014

    Colombo: Sri Lanka's economic growth has exceeded expectations last year, the International Monetary Fund (IMF) said today and forecast that the country's economy would grow by around 7 per cent in 2014. "Real GDP growth reached 7.3 per cent, inflation declined to below 5 per cent," Todd Schneider, the head of...
  • Kumar Mangalam Birla meets Jaitley; expects turnaround 3-6 months May 28, 2014

    New Delhi: Sounding a note of optimism, Aditya Birla Group head Kumar Mangalam Birla today exuded confidence that the Budget would give boost to infrastructure sector and a turnaround would be visible in the next 3-6 months. "I expect a turnaround to happen in 3-6 months. I also expect budget to give...
  • India likely to see weak economic growth, says OECD April 8, 2014

    London: India and many major emerging economies are expected to see weak growth even as prospects have stabilised in most of the advanced countries, says a report by Paris-based think-tank OECD. Besides India, Brazil and Russia are likely to witness economic growth weakening whereas the prospects look better for China. The...
  • Development economist laments India's poor economic growth April 1, 2014

    Development economist Jean Dreze on Tuesday expressed concern over India's tardy economic growth, which lagged behind neighbours like Nepal and Bangladesh in vital sectors. Dreze was delivering the ninth I.G. Khan Memorial Lecture on "Hunger and the Indian Enigma" at the Kennedy Auditorium of Aligarh Muslim University. Referring to the economic growth...
  • Economic growth to cross 5 pc this financial year: PM February 14, 2014

    New Delhi: Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh on Friday said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years. Addressing the Governors' Conference, Singh said the Indian economy, after many years of rapid...
  • The Last Word: What is the true state of Indian economy? February 11, 2014

    Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. Growth in 2012-13 slipped to a decade-low of 4.5 per cent. The economy expanded 4.6 per cent in the first half (April-September)...
  • Growth will not be less than 5 pc in 2013-14, says Chidambaram February 11, 2014

    New Delhi: Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. "I am confident that the final estimate will be not less than 5 per cent for the whole year," Chidambaram said,...
  • India's economic growth pegged at 4.9 pc in 2013-14 February 11, 2014

    New Delhi: India's economic growth rate in the current financial year has been estimated at 4.9 per cent, a faster pace than in the previous year, mainly on an improved performance in the agriculture and allied sectors. "The growth in GDP during 2013-14 is estimated at 4.9 per cent as compared...
  • Despite good economic growth, Congress isolated politically, says Chidambaram January 6, 2014

    Despite the country showing good economic growth in the last ten years, Congress has become politically isolated at the all-India level and party leaders should find ways to overcome this, Union Finance Minister P Chidambaram said on Tuesday. Congress has been isolated politically in Tamil Nadu also, Chidambaram said. "It is...
  • RBI likely to reboot policy, focus on consumer inflation December 24, 2013

    The Reserve Bank of India (RBI) could soon unveil a major change in monetary policy to explicitly make managing consumer inflation, rather than wholesale prices, its main objective. The shift would be a significant one in a country that's long struggled to contain retail prices. It is expected as part of...
  • Rupee up 14 paise vs dollar in early trade November 29, 2013

    Mumbai: The rupee on Friday gained 14 paise to 62.27 against the dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters. Forex dealers said strengthening of the euro against the dollar overseas and a higher opening in the domestic equity market...
  • China GDP grows 7.8 per cent in third quarter; outlook murky October 18, 2013

    Beijing: China's economy grew 7.8 per cent in the third quarter, its fastest pace this year and in line with expectations, as firmer foreign and domestic demand lifted factory production and retail sales. Yet any optimism from the government figures released on Friday could fade quickly as global demand remains volatile,...
  • Drop in Trade deficit: Much ado about something? October 10, 2013

    The recent persistent drop in India's trade deficit has given us a reason to rejoice. Perhaps, it's a Diwali gift from goddess Lakshmi. But, what real implications if any does it have for the Indian economy and what to expect in the near future? The trade deficit has fallen as...
  • Delhi: Raghuram Rajan meets FM, discusses economic situation October 3, 2013

    Ahead of the RBI's central board meet, the central bank chief Raghuram Rajan on Thursday met Finance Minister P Chidambaram and is understood to have discussed economic issues. "Our meeting was part of regular interaction that takes place between RBI and Finance Ministry," Rajan said after his hour long meeting with...
  • India @ 9 with Rajdeep Sardesai September 23, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Battle over economic numbers: UPA vs NDA September 23, 2013

    War of words continued between Finance Minister P Chidambaram and the Bharatiya Janata Party over country's growth rate during UPA and NDA regime. BJP leader Ravi Shankar Prasad on Monday said, "Chidambaram's statement was a fake encounter of facts." Earlier in the day, Chidambaram said, "Modi's claim that India grew...
  • BJP slams Chidambaram for calling Modi growth claims 'fake encounter' September 23, 2013

    New Delhi: It is an all out war of words between the Congress and BJP over the country's growth rate from a 'fake encounter with facts' to 'terrorism with facts' being just some of statements that have been made. While Finance Minister P Chidambaram accused Gujarat Chief Minister Narendra Modi...
  • Wonder why Modi should stage a fake encounter with facts: Chidambaram September 23, 2013

    New Delhi: Finance Minister P Chidambaram on Monday took on Gujarat Chief Minister Narendra Modi over growth claims in the NDA rule. "Modi's claim that India grew at 8.4 per cent during the Atal Bihari Vajpayee government is false," Chidambaram said in a statement. "The average growth during nda rule 6...
  • Eye-watering onion prices send India's inflation to six-month high September 17, 2013

    India's headline inflation shot to a six-month high in August, driven by a 245 percent annual jump in onion prices, hardening the case for Reserve Bank of India (RBI) governor Raghuram Rajan to keep interest rates high at his first policy meeting later this week. Food inflation accelerated to a three-year...
  • Pranab expresses concern over slow growth, says no reason to worry September 14, 2013

    Kolkata: Expressing concern over the slow growth of the Indian economy, President Pranab Mukherjee Saturday called for corrective measures, but said there was no room for despondency as the fundamentals were strong. "All of us are concerned about the slow growth of the GDP (Gross Domestic Product) in 2011-12 and 2012-13. "Precisely it...
  • Falling factory activity adds to rupee's woes September 2, 2013

    The rupee remained frail after last week's record low, as pessimism generated by dismal economic growth data was compounded on Monday by survey showing factory activity in August shrank for the first time in over four years. Investors want bold reforms to restore confidence in India, spur growth, reduce a record...
  • India's economic growth slumps to 4.4 per cent August 30, 2013

    India's economic growth slumped to 4.4 percent during the quarter ended June 30, due to poor showing of manufacturing, mining and agriculture sectors, government data showed on Friday. The manufacturing sector contracted by 1.2 percent while mining sector contracted by 2.8 percent. The growth of agriculture sector fell to 2.7 percent. The services...
  • India will grow at an average rate of 8.3 per cent during 2014-20: D~~amp;amp;B August 27, 2013

    India's economic growth has slowed significantly over the last two years due to structural and cyclical factors, however, going forward, the economy is expected to grow at an average rate of 8.3 per cent during FY14-FY20, says a Dun ~~amp;amp; Bradstreet report. According to the 'India 2020 Economy Outlook' launched by...
  • Why we need to free our cities from the state's clutches August 26, 2013

    Profile: Bimal Patel is Director, HCP Design and Project Management. Patel designed the Sabarmati Riverfront Development project in Ahmedabad. India is witnessing an epochal transformation. From a country that lived in villages, it is becoming a nation of towns and cities. The last time the country witnessed such a transformation was...
  • Gold demand in India to touch a record of 1,000 tonnes in 2013 August 16, 2013

    Launceston: With gold demand slumping to the lowest in four years in the second quarter, bulls are grasping to hold on to anything positive and right now that means India and China. According to the World Gold Council's (WGC) quarterly report, the demand for gold in the world's top two consumers...