GDP Growth

  • India likely to grow at 6 per cent in 2014-15: Harvard professor 17 hours 5 minutes ago

    New Delhi: The Indian economy is likely to grow at six per cent in 2014-15 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 7-8 per cent can occur in coming years, Harvard University professor Gita Gopinath said. "Let's just say...
  • GDP growth to improve this fiscal, says Arun Jaitley 5 days ago

    New Delhi: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday. The Economic Survey 2013-14 tabled in the Lok Sabha early this month had...
  • 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...
  • Can India hope for a jobs upturn in 2014? January 16, 2014

    January gets its name from Greek God Janus who has two faces; one looking forward and the other looking back. Since it is that time of the year, and given that job creation is India's most important challenge, it is as good an opportunity as any to reflect on 2013...
  • News 360: 2 Indians among 69 people killed in Kenya mall attack September 23, 2013

    The terror attack in Nairobi is still on with ten hostages still being held as hostage. The 2 Indians among 69 people have died so far in the attack and the fear of an increase in the death toll persists. ...
  • D Subbarao cautions against creating 'too-large-to-fail bank' August 13, 2013

    Amidst the ongoing talks of consolidating small state-run banks to create one or two globally large size banks, Reserve Bank governor D Subbarao on Tuesday cautioned against making a 'too-large-to-fail' banks, saying what is needed is not a monopolist but a number of comparatively large banks. Citing the 2008 credit crisis,...
  • 'RBI steps to curb rupee volatility won't impact interest rate' July 16, 2013

    Jaipur: Asserting that rupee price will be market determined, Finance Minister P Chidambaram on Sunday said last night's measures by the Reserve Bank have nothing to do with the upcoming monetary policy review and may not impact interest rates of banks. RBI's measures, he said, were aimed at checking excessive volatility...
  • Indian economy doing pretty well compared to other countries: Govt July 16, 2013

    New Delhi: As the Indian economy reels under crisis, the government has said it is fighting the slowdown with a slew of measures. "This government is committed to ensuring that there is growth. I think we're doing pretty well even if we are growing between 5 and 6 per cent,"...
  • Effective governance can propel growth over 8%: Chidambaram May 28, 2013

    Chennai: The country's economy will continue to grow at 5-6 per cent "regardless" of what government does or doesn't do, but with effective governance it can rise to over 8 per cent, Finance Minister P Chidambaram said on Monday. The country should focus on ensuring the conditions for economic growth...
  • West Bengal government achieves 7.6 per cent GDP growth May 17, 2013

    Kolkata: The West Bengal government achieved 7.6 per cent growth in GDP compared to the national average of 4.96 per cent during the last financial year. In industry, the growth rate was 6.24 per cent against the national average of 3.12 per cent, Finance Minister Amit Mitra claimed while releasing...
  • 'GDP growth in 2013/14 seen at 6.4 per cent' April 24, 2013

    New Delhi: Improvement in performance of agriculture and manufacturing sectors is expected to push the economic growth rate to 6.4 per cent in 2013-14 from 5 per cent in the previous fiscal, PM's economic advisory panel said on Tuesday . "Economy will grow at higher rate from now. We projected...
  • MP replaces Bihar as state with highest GDP growth March 30, 2013

    New Delhi: Madhya Pradesh has dislodged Bihar from its number one position in terms of highest GDP growth. The provisional data released by the Central Statistical Organisation for the year gone by shows Bihar's growth in per capita income has also been a disappointment when compared to Madhya Pradesh. Bihar's GDP...
  • India is capable of returning to 8 pc growth: Montek March 7, 2013

    London: India has all the requirements to return to a GDP growth rate of 8 per cent in the coming years, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said, while highlighting that current account deficit is a big problem right now. "India has averaged 7.5 per cent growth...
  • Economic Survey likely to focus on accelerating growth February 27, 2013

    New Delhi: A day before the Budget, Finance Minister P Chidambaram will table the Economic Survey 2012-13 in Parliament on Wednesday. The main focus of the survey is likely to be on accelerating economic growth. The Central Statistical Organisation estimates project a 5 per cent growth this year, which is...
  • UPA has failed to rejuvenate economy, says BJP February 8, 2013

    New Delhi: Concerned over "sinking" growth rate, the Bharatiya Janata Party on Friday said the government has failed to rejuvenate the economy despite being in power for nine years. "The UPA has been in power for an uninterrupted period of nine years and even after these years of UPA governance...
  • India reckons 2012-13 economic slowdown worse than expected February 7, 2013

    New Delhi: India's slowest growth in a decade could be worse than anticipated, as preliminary data released on Thursday showed the economy set to have grown 5 per cent in fiscal year ending next month, underscoring the urgent need for reforms to boost growth. The RBI's forecast for 2012-13 had been...
  • Economic growth expected to slow down further: Experts November 30, 2012

    There are more concerns on the economic front as quarter 2 GDP dipped to 5.3 per cent from 5.5 per cent in the first quarter. ...
  • Moody's says India's rating outlook is stable November 27, 2012

    Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable, in part due to the country's high savings and investment rates, as debate rages in Delhi over whether the country can avoid credit downgrades from other rating agencies. In its annual credit analysis on India, which...
  • Lack of coordination in politics hit growth: PM August 31, 2012

    On Board PM's Special Aircraft: Prime Minister Manmohan Singh on Friday blamed the "lack of cohesive coordination" in domestic politics as one of the factors hampering growth rate. However, he asserted that "we should count our blessings" that despite global economic crisis the country was growing at 6.5 per cent. "There is...
  • Q1 GDP grows at 5.5 pc vs 2011-12 Q4's 5.3 pc August 31, 2012

    New Delhi: There has been marginal improvement in the economic growth during the first quarter (April-June) of the current fiscal. The GDP growth for Q1, 2012-13 has been 5.5 per cent compared to 5.3 per cent in the January-March (Q4) quarter, 2011-12. The comparative figure in Q1 of 2011-12 was...
  • Chidambaram prescribes measures for reviving growth August 18, 2012

    New Delhi: Finance Minister P Chidambaram on Saturday asked banks to keep EMIs at affordable level to boost sale of consumer durables that will restart the engine of manufacturing and revive the cycle of investment. After a review meeting with the chiefs of public sector banks against the backdrop of slowdown...
  • India can go back to 9 per cent growth: PM August 18, 2012

    Mumbai: Prime Minister Manmohan Singh on Saturday said the present slowdown was not "inevitable or irreversible". Addressing Convocation ceremony at IIT Bombay in Mumbai, the Prime Minister said after half a century of zero rate of economic growth, from 1900 to 1950, India managed to register 3.5 per cent growth...
  • Moody's cuts India's growth forecast to 5.5 pc August 9, 2012

    New Delhi: Indian economy is expected to grow at 5.5 per cent this year as "turbulent" global conditions, domestic policy "mis-steps" and poor monsoon are weighing on investor confidence and demand, Moody's Analytics has said. India's GDP growth rate is likely to be 5.5 per cent this year, while in 2013...
  • Rate cut unlikely as RBI sees more inflation risks July 30, 2012

    Mumbai: Painting a gloomy picture of the economy, the Reserve Bank of India on Monday indicated that it may not be possible to cut policy rates to boost growth in view of high inflation which could be aggravated by deficiency in monsoon. The RBI in its macroeconomic review, released on the...
  • China Q2 GDP growth 7.6 pc, slowest in 3 years July 13, 2012

    Beijing: China's economy grew 7.6 per cent in the second quarter of 2012 from a year earlier, its slowest pace in three years, confirming expectations of a downward trajectory that leaves full-year growth on course for its softest showing since 1999. The GDP number released on Friday marked the sixth straight...
  • ADB lowers India's growth projection to 6.5 pc July 12, 2012

    New Delhi: The Asian Development Bank (ADB) on Thursday lowered the growth forecast for India to 6.5 per cent for the current fiscal, from the earlier 7 per cent projection, on the back of subdued demand and high inflation. "India's economy is now expected to grow by 6.5 per cent in...
  • Don't blame Pranab for slow growth: Montek July 1, 2012

    New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia has said that the Finance Ministry under Prime Minister Manmohan Singh will very quickly "resolve" uncertainty among investors caused by anti-tax avoidance rules which were unveiled in the Budget. Talking about former finance minister Pranab Mukherjee, he said that it was...
  • Not possible to achieve 7.6 pc growth target: Montek July 1, 2012

    New Delhi: The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia has said that it is not possible for India to achieve the 7.6 per cent growth target set earlier this year. His statement assumes significance in light of Prime Minister Manmohan Singh taking over the Finance Ministry. Speaking to...
  • BJP, Left slam govt on falling GDP May 31, 2012

    New Delhi: The Bharatiya Janata Party and the Left Front hit out at the UPA government over falling the GDP. BJP leader Arun Jaitley said, "It's high time for the government to take concrete steps. The government has run out of ideas." Talking about policy paralysis, Jaitley said, "The government needs...
  • India's GDP growth slumps to 6.5 pc in 2011-12 May 31, 2012

    Mumbai: India's growth story is slowly losing its sheen and has hit a three-year low with the GDP growing at just 6.5 per cent in 2011-12, as compared to an impressive 8.4 per cent in the previous fiscal. The GDP growth in the January-March quarter, 2011-12, was just 5.3 per...