ECONOMIC GROWTH

  • India's ability to absorb economic shocks is stronger: Arun Jaitley 1 week ago

    Washington: With the vast depth and size of its market, India's ability to absorb international shocks is far stronger as reflected in the rupee remaining relatively stable, Finance Minister Arun Jaitley has said. "International factors obviously have an impact. Considering the vast depth and size of the Indian market...our ability...
  • Growth, environment can co-exist; India must lead fight on climate: PM Modi April 6, 2015

    New Delhi: Seeking to scotch "lies" being floated about the Land Acquisition Bill, Prime Minister Narendra Modi on Monday asserted that it synergized India's growth imperative with the need for environment protection, while calling for the country to demonstrate leadership in tackling the global threat of climate change. Inaugurating the state...
  • Standard Chartered says India's real growth 'very elusive' April 5, 2015

    Mumbai: India's real growth remains "very elusive" and markets have "resigned" to a slower recovery, while foreign investors are still optimistic for want of alternatives, British major Standard Chartered has said. "A lot of macro parameters have improved for sure, but growth has been very elusive. The high new GDP...
  • Sri Lanka should not worry about India's economic size: PM Modi March 13, 2015

    Colombo: Asking Sri Lanka not to worry about India's economic size, Prime Minister Narendra Modi on Friday said both the countries should move boldly to conclude a Comprehensive Economic Partnership Agreement and attract investments. He said Sri Lanka has the potential to be India's "strongest economic partner" in the region and...
  • Budget 'credit neutral' from a ratings perspective: Moody's March 1, 2015

    Mumbai: Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. The government on Saturday pushed back the deadline to cut the fiscal deficit to 3 per...
  • Union Budget 2015: Finance Minister did a great job of reviewing economy, says Suresh Prabhu February 28, 2015

    Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Saturday aimed at high growth. Reacting on the budget, Railway Minister Suresh Prabhu said that Finance Minister Arun Jaitley has done a amazing job of reviewing the economic growth. ...
  • Government may soon take a decision on relaxing FDI norms for NRIs February 24, 2015

    New Delhi: The government may soon take a decision on liberalising foreign direct investment norms for NRIs and overseas citizens of India as it aims to increase capital flows into the country. A decision in this regard is expected to be taken at the highest level soon, sources said. In order...
  • World Bank projects 6.4 per cent economic growth in India in 2015 January 11, 2015

    Gandhinagar: Indian economy is likely to grow at 6.4 per cent in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim said on Sunday. Speaking at the...
  • Global slow growth opportunity for India, says Arun Jaitley January 7, 2015

    Kolkata: Observing that India needs to create an environment for cyclic investments and ease norms of doing business, Union Finance Minister Arun Jaitley on Wednesday pointed to the ongoing global slow growth as an opportunity for the country as investors are eyeing its market. If the Union Minister, during his address...
  • RBI pitches for structural reforms; sees 6 per cent inflation in 2015 December 29, 2014

    Mumbai: Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 per cent level in 2015. The central bank, however, flagged lower revenue mobilisation this fiscal as a...
  • Third-quarter US economic growth strongest in 11 years December 24, 2014

    Washington: The US economy grew at a 5 per cent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending...
  • Barack Obama's year-end message to Americans: I'm not a lame duck December 20, 2014

    Washington: If US President Barack Obama is feeling the pain from a rough year at the office, he did a great job of covering it up on Friday. Before boarding Air Force One for a vacation in Hawaii, the President gave a year-end news conference with a spring in his step,...
  • GDP growth set to weaken, business wants reforms more than rate cut November 27, 2014

    Mumbai: Anticipating data out on Friday will show weakening economic growth, the finance ministry will argue for an interest rate cut, but bankers and company executives say the key to recovery lies in how fast Prime Minister Narendra Modi acts on reforms. "Interest rates are also important, but more important is...
  • India can grow at 9 per cent, become $10 trillion economy in 20 years: Report November 24, 2014

    New Delhi: India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday. "India is on the cusp...
  • Manufacturing growth may moderate in December quarter: FICCI November 23, 2014

    New Delhi: The country's manufacturing sector is likely to witness a moderate growth in the third quarter of this fiscal, according to a FICCI survey. Showing signs of recovery, industrial production grew at a three-month high of 2.5 per cent in September on account of better mining and manufacturing output....
  • G20 to focus on economic growth, infrastructure and tax avoidance November 15, 2014

    Brisbane: Boosting global economic growth, encouraging private sector investment in infrastructure, and cracking down on multinational companies which avoid tax were the top issues on the G20 agenda, Australian Treasurer Joe Hockey said on Saturday. Hockey, who is chair of the G20 finance ministers, made these remarks before finance ministers of...
  • Industrial output growth picks up in September to 2.5 per cent November 12, 2014

    New Delhi: India's industrial output grew a faster-than-expected 2.5 per cent year-on-year in September, helped by a rebound in capital goods sector, government data showed on Wednesday. Analysts polled by Reuters had forecast the output to grow a meagre 0.6 per cent. Industrial production was upwardly revised to 0.5 per cent...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • ModiXi meet: Can strategic divergence meet economic convergence? September 17, 2014

    A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. India's new Prime Minister, Narendra Modi, is determined to build closer...
  • Tamil Nadu's growth up at 7.29 pc in 201314, says CM Jayalalithaa September 15, 2014

    Coimbatore: Countering charges of various political parties linking poor governance to lower growth in Tamil Nadu, Chief Minister Jayalalithaa on Monday asserted that Gross State Domestic Product (GSDP) has increased to 7.29 per cent in 201314 from 3.39 per cent in 201213. Refuting the charges by the parties linking poor performance...
  • Economic prospects brighten, GDP to improve to 5.2 pc in 2014: Moody's September 10, 2014

    New Delhi: Rating agency Moody's on Wednesday said that the downside risks to the economy have receded and prospects have brightened with growth rate expected to accelerate to 5.2 per cent in 2014 and 6.5 per cent by end of 2015. "With risks receding and most sectors expanding, our 2014 forecast...
  • 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 rebelheld...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 201415 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...
  • Worsening structural constraints led to sub5per cent growth: Survey July 9, 2014

    New Delhi: Worsening structural constraints like "illtargetted" subsidies and a low manufacturing base, are among reasons that dragged down economic growth rate to sub5 per cent level, the Economic Survey said on Wednesday. "The accentuation of structural constraints has been one of the factors contributing to sub5 per cent growth without...
  • 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 56 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 56 per cent in the current financial year, says a survey. "India Inc expects the economy to grow between 56 per cent and rupee around 77 per cent to appreciate against the...
  • Abdul Kalam motivates IIT students, calls for bridging ruralurban divide June 6, 2014

    Former President APJ Abdul Kalam on Thursday stressed on bridging ruralurban 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 poorrich 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 36 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 36 months. "I expect a turnaround to happen in 36 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...