Economic Growth

  • India likely to see weak economic growth, says OECD 08-04-2014 07:02 PM

    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....
  • Development economist laments India's poor economic growth 01-04-2014 09:32 PM

    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 to cross 5 pc this financial year: PM 14-02-2014 08:59 PM

    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...
  • The Last Word: What is the true state of Indian economy? 10-02-2014 09:05 PM

    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 08-02-2014 05:05 PM

    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...
  • India's economic growth pegged at 4.9 pc in 2013-14 07-02-2014 09:18 PM

    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...
  • Despite good economic growth, Congress isolated politically, says Chidambaram 24-12-2013 06:16 PM

    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...
  • RBI likely to reboot policy, focus on consumer inflation 24-12-2013 02:03 PM

    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...
  • Rupee up 14 paise vs dollar in early trade 29-11-2013 09:43 AM

    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...
  • China GDP grows 7.8 per cent in third quarter; outlook murky 18-10-2013 11:04 AM

    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...
  • Drop in Trade deficit: Much ado about something? 10-10-2013 09:30 AM

    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 03-10-2013 03:33 PM

    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...
  • India @ 9 with Rajdeep Sardesai 23-09-2013 11:50 PM

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Battle over economic numbers: UPA vs NDA 23-09-2013 11:16 PM

    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' 23-09-2013 01:50 PM

    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 23-09-2013 11:00 AM

    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...
  • Eye-watering onion prices send India's inflation to six-month high 17-09-2013 09:06 AM

    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...
  • Pranab expresses concern over slow growth, says no reason to worry 14-09-2013 11:13 PM

    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....
  • Falling factory activity adds to rupee's woes 02-09-2013 04:58 PM

    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...
  • India's economic growth slumps to 4.4 per cent 30-08-2013 05:53 PM

    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...
  • India will grow at an average rate of 8.3 per cent during 2014-20: D~~amp;amp;B 27-08-2013 05:52 PM

    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...
  • Why we need to free our cities from the state's clutches 26-08-2013 11:20 AM

    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...
  • Gold demand in India to touch a record of 1,000 tonnes in 2013 16-08-2013 11:39 AM

    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...
  • Nitish Kumar takes a dig at Narendra Modi for trumpeting on Gujarat model 15-08-2013 01:10 PM

    In a veiled attack on Narendra Modi on Gujarat's industrial development model, Bihar Chief Minister Nitish Kumar on Thursday said that inclusive growth model being implemented in his state was a better alternative as it caters to aspirations of all people. The GDP growth can not be measured as a...
  • Infrastructure projects including 8 new airports will boost economic growth: PM 15-08-2013 10:35 AM

    Government will kick-start a number of new infrastructure projects including 8 new airports and two new sea-ports in the coming months to boost sluggish economic growth, Prime Minister Manmohan Singh said on Thursday. With economic growth slowing to a decade low of 5 per cent, the Congress-led UPA government has...
  • RBI keeps key rates unchanged: India Inc expresses disappointment 30-07-2013 01:16 PM

    New Delhi: Expressing disappointment over the RBI's move for not cutting the key policy rates, India Inc on Tuesday asked the government to take immediate actions to revive growth and boost investments. "We are disappointed. The RBI has also cut down the GDP forecast for FY'14 to 5.5 per cent,...
  • Reading between the lines: the secular vs communal debate

    Newsman |  Rajdeep Sardesai
    How does one define a tweet as secular or communal? Last week, I sent a morning greeting wishing people 'Happy Ekadashi'. A particularly auspicious day...

  • The fundamentals for India are improving, says Raghuram Rajan 11-06-2013 11:42 PM

    The Finance Ministry said that it will take steps to increase foreign investment flows into the country to strengthen the depreciating rupee. ...
  • Economic growth at 5 per cent in 2012-13 31-05-2013 11:08 AM

    New Delhi: India registered its worst gross domestic product (GDP) growth in a decade with the economy registering a paltry growth rate of five per cent during the 2012-13 financial year due to poor performance of farm, manufacturing and mining sectors. The growth rate during the last quarter of January-March...