GDP GROWTH

  • India will grow at 7.8% in 2015-16; surpass China: ADB 2 days ago

    New Delhi: India is all set to overtake China's growth rate by clocking 7.8 per cent GDP in 2015-16 and 8.2 per cent during the following fiscal on the back of structural reforms and government's "pro-investment" attitude, Asian Development Bank said on Tuesday. "India is expected to grow faster than China...
  • India's economy likely to grow 8 pc in next fiscal: Report 4 days ago

    Mumbai: The country's economy is likely to clock 8 per cent growth in the next financial year and 8.3 per cent in 2016-17, says a report. "India is the only BRIC country, where growth will accelerate, to 8 per cent in FY16 and 8.3 per cent in FY17, based on...
  • India's GDP to grow at 8.3 pc in FY'17: HSBC 4 days ago

    New Delhi: Stars are "gradually aligning" for the Indian economy and it is expected to clock a growth rate of 7.4 per cent in the current financial year, which is likely to improve further to 8.3 per cent by 2016-17, says an HSBC report. According to the global financial services...
  • PM Modi pitches for innovation in I-T sector for economic progress March 2, 2015

    Prime Minister Narendra Modi emphasised on the importance of innovation in the I-T sector for national economic progress. Addressing the silver jubilee of the The National Association of Software and Services companies in the national capital, Modi said, "Connectivity is one of the factors which affects GDP. Better and faster...
  • Budget must create employment, induce demand and investments: PHD Chamber February 18, 2015

    New Delhi: While complimenting the Narendra Modi government for big-bang reform announcements, President of PHD Chamber of Commerce and Industry Alok B Shriram said that the forthcoming Union Budget 2015-16 is being formulated in a benign macro-economic environment at domestic and international level after many years. The economy is looking...
  • It's official: India is fastest growing big economy February 9, 2015

    New Delhi: Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. It marks a dramatic turnaround for an economy that a...
  • Arvind Pangariya will work hard to improve country's economy, says his brother January 7, 2015

    Columbia University professor Arvind Panagariya's appointment as the Vice Chairman of the NITI Aayog means he'll be home after 40 years. His family says he will work hard to improve India's economy and boost growth across the country. His brother said, "Overwhelmed at my brother's appointment as Vice Chairman of...
  • 2015-16 Budget to unveil second generation reforms, says Arun Jaitley November 23, 2014

    New Delhi: A "whole set of second generation reforms" will be unveiled in the next Union Budget, Finance Minister Arun Jaitely said on Sunday, promising "a lot of exciting time ahead". The country needs "a larger opening out in more sectors," it requires stability of policy and tax regime besides a...
  • NCAER lowers India GDP growth forecast for this year to 5 per cent November 4, 2014

    New Delhi: The National Council of Applied Economic Research (NCAER) has lowered India's GDP growth forecast to 5 per cent in the current financial year on weak economical fundamentals and uncertainties in growth prospects. The economic think-tank in its earlier projection had suggested that the Indian economy was likely to...
  • Hits and misses: 100 days of Narendra Modi government September 2, 2014

    New Delhi: As the Narendra Modi government completed over 100 days in power, there has been a stark difference in the functioning of the NDA and UPA governments. There has been speedy decision making and many projects which were previously seen to have been stalled, have now been cleared. The...
  • Congress proved right, GDP data shows decline in economic growth halted in 201314: Chidambaram August 30, 2014

    New Delhi: In response to the first quarter growth figures being the highest its been in twoandahalf years, former Finance Minister P Chidambaram has said that the results are in line with the Congress's stand that the decline in growth had ended in their term. "Congress party and I are...
  • 100 days of Modi government: GDP growth likely to be highest in last 10 quarters August 29, 2014

    New Delhi: The NDA government is set to complete a 100 days in office and going by the expected GDP growth from its first quarter in power, there may be a huge boost to the economy. The GDP figures for the 100 days of the Modi government will come out on...
  • India likely to grow at 6 per cent in 201415: Harvard professor July 23, 2014

    New Delhi: The Indian economy is likely to grow at six per cent in 201415 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 78 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 July 18, 2014

    New Delhi: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 201314, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday. The Economic Survey 201314 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 'toolargetofail bank' August 13, 2013

    Amidst the ongoing talks of consolidating small staterun banks to create one or two globally large size banks, Reserve Bank governor D Subbarao on Tuesday cautioned against making a 'toolargetofail' 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 56 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 23, 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 201314 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 201213 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 201213 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...