GDP

  • GDP base year revision may help government contain fiscal deficit Yesterday

    New Delhi: A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released on Friday, which may provide some cushion to government struggling to meet fiscal deficit target. With the revision of base year, the size of economy is expected to bigger...
  • Railway finances in 'deep trouble': Suresh Prabhu January 17, 2015

    New Delhi: Railway finances are in "deep trouble", according to Railway Minister Suresh Prabhu who observed that the government behemoth has been caught in a "vicious circle" of poor investments compromising its services. Pitching for increased investment into the Railways, he said the Pension Fund could be one of the possible...
  • Slow growth in global trade, says World Bank January 8, 2015

    Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said. In the year 2012 and 2013, the global trade expanded by less than 3.5 per cent, which is well below the pre-crisis average annual rate of seven per cent,...
  • 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...
  • China builds world's largest coal mine gas unit to make power January 2, 2015

    Beijing: China has built the world's largest facility to turn excess methane gas from coal mines into electricity, which could help the communist giant reduce its emissions. Lu'an Group which completed the facility at Shanxi Province in north China - said it would soon start operating the generator with a capacity...
  • Common man to benefit from GST; states to gain from Day 1, says Arun Jaitley December 22, 2014

    New Delhi: The proposed Goods and Services Tax (GST) will benefit most of the states from Day 1 and industries and common man also stand to gain, Finance Minister Arun Jaitley said on Monday. Speaking at the meeting of the Parliamentary Consultative Committee attached to...
  • India's 2014-15 GDP growth seen at around 5.5 per cent December 19, 2014

    New Delhi: India's economy is expected to grow at around 5.5 per cent in the fiscal year to March 2015, the Finance Ministry said in a report tabled in Parliament on Friday. If the forecast materialises, it would mark an improvement from two successive years of below 5 per cent growth. The...
  • China industrial activity shrinks in December, calls grow for more stimulus December 16, 2014

    Beijing: Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing. The flash HSBC/Markit manufacturing purchasing managers' index(PMI) fell to 49.5 in December...
  • Expanding Internet access would do more good than tackling HIV: Study December 12, 2014

    Geneva: Dramatically expanding broadband access would boost the global economy and could do more good than investing in HIV prevention or clean drinking water, according to a study published Thursday. Economists commissioned by think-tank Copenhagen Consensus Centre calculated that tripling access to mobile broadband networks in developing countries by 2030 would...
  • India likely to grow between 5-6 per cent in 2015: Moody's December 10, 2014

    New Delhi: Indian economy is expected to pick up pace in 2015 and grow in the range of 5 to 6 per cent, helped by strong domestic demand, rating agency Moody's said on Wednesday. "India will have stronger GDP growth in 2015, which we forecast at 5-6 per cent, up from...
  • Bullet News: Catch the day's top stories November 28, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Palki S Upadhyay November 28, 2014

    Catch the day's top stories with Palki S Upadhyay on India @ 9. ...
  • News 360: Delhi schools can now set their own Nursery admission guidelines November 28, 2014

    In a huge relief for prive schools in Delhi, the High Court has allowed them to set their own guidelines for nursery admissions quashing the guidelines of city government with respect to the general category seats. ...
  • GDP slides down to 5.3 per cent in second quarter November 28, 2014

    New Delhi: Indian economy grew at a better-than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors. The Gross Domestic Growth in the second quarter was better than 5.2 per cent of the same period last fiscal but was slower...
  • 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...
  • 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...
  • Government to announce curbs on gold import in a day or two: Sources November 18, 2014

    New Delhi: In the wake of surge in gold imports, the government would soon impose some curbs on its inward shipment to prevent current account deficit (CAD) from going out of hand. "Things are being worked out by the Finance Ministry and some announcements (restrictions) may come in a day or...
  • G-20 leaders agree on $2 trillion boost to growth November 16, 2014

    Brisbane: Under pressure to jolt the lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years. The fanfare, however, was overshadowed by tensions between Russian President Vladimir Putin and Western leaders. The communique from...
  • G-20 leaders finalise details of growth plan November 16, 2014

    Brisbane: World leaders on Sunday prepared to release details of a plan aimed at injecting life into the listless global economy, with infrastructure investment and the lowering of trade barriers flagged as key components of the initiative. Leaders of the world's 20 largest economies, wrapping up a two-day gathering in the...
  • Israel, Australia lend support to India's 'Second Green Revolution' quest November 7, 2014

    New Delhi: India's agricultural sector contributes 16 per cent of total GDP & 10 per cent of export earnings in the economy. Despite being largely self-sufficient in food production, Indian agriculture currently faces a slew of problems its growth is much slower than other sectors of the economy; productivity is...
  • 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...
  • Economic recovery result of work done by UPA government: Chidambaram October 11, 2014

    Mumbai: Former Finance Minister P Chidambaram asserted it is the result of efforts of the earlier UPA government that the economy is now showing signs of recovery. "When the first quarter GDP results came out, at 5.7 per cent, I said it was because of the work done by the...
  • Positive change taking place under Modi's leadership: Venkaiah Naidu September 30, 2014

    Hyderabad: The country has seen a turnaround since the Narendra Modi-led BJP government came to power at the Centre, with GDP growth rate rising to 5.6 per cent and other development parameters looking up, Union Minister M Venkaiah Naidu said on Tuesday. "Change is definitely happening. Development growth rate rose to...
  • Indians to see 10.8 pc salary hike in 2015: Towers Watson September 29, 2014

    New Delhi: Employees in India are expected to see a 10.8 per cent salary hike in 2015, even as pay increases across Asia Pacific region are set to rise by an average 7 per cent in the coming year, says a report. According to Towers...
  • G20 promises more steps to boost global GDP by US dollar 2 trillion September 21, 2014

    Cairns: G20, a grouping of developed and developing nations, on Sunday vowed to take more measures to push the global GDP by an additional 2 per cent, or over US dollar 2 trillion, by 2018. Although as per the IMFOECD estimates, an incremental growth of 1.8 per cent in global GDP...
  • India's GDP to rebound to over 7 pc in 23 years: Arvind Mayaram September 18, 2014

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 23 years, Finance Secretary Arvind Mayaram said on Thursday while emphasising that business confidence is back. Making an intervention during the G20 Deputies Meeting, Mayaram said that the Indian...
  • Highlights of SinoIndia trade and commerce September 17, 2014

    New Delhi: As India and China try to forge a stronger tie during the threeday state visit of Chinese President Xi Jinping to India, following are few highlights of SinoIndia trade and commerce. The Chinese share in India's import is 11.3 per cent of total trade while that of India in...
  • 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...
  • Indian economy to grow 5.6 pc in 2014: UNCTAD September 10, 2014

    New Delhi: The Indian economy will grow at a rate of 5.6 per cent in 2014 while developing economies as a whole will see between 4.55 per cent rise in economic expansion, a report by United Nations body UNCTAD said on Wednesday. The UNCTAD Trade and Development report 2015 forecasts...
  • India to revise GDP measurement next year, economy may be larger September 9, 2014

    New Delhi: India will soon revise the way it measures gross domestic product to reflect underrepresented and informal economic sectors, two government sources said, in an initiative that is expected to show the economy is larger than previously thought. India usually revises the method of calculating national accounts and other macro...