GDP

  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait Yesterday

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley Yesterday

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • India must grow, fulfil reform promise for rating upgrade: S&P 5 days ago

    Mumbai: India must boost growth, cut its fiscal deficit and fulfil promises of financial and fiscal reforms in order to justify an upgrade in a credit rating, currently lodged one rung above junk bond territory, rating agency Standard & Poor's said on Monday. S&P raised India's credit rating outlook to 'stable'...
  • 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...
  • Airtel, Vodafone and two others apply for spectrum auction February 16, 2015

    New Delhi: Four telecom operators Bharti Airtel, Vodafone, Uninor and Aircel have submitted applications for participating in the upcoming spectrum auction, scheduled to start from March 4. Monday is the last day to submit the applications. Most of the spectrum being put up for the auction is presently held by Airtel,...
  • 2015-16 Budget to assume growth of 8-plus per cent: source February 16, 2015

    New Delhi: Revisions to economic output data mean that Finance Minister Arun Jaitley's upcoming Budget should assume that the economy will grow by at least 8 per cent in the 2015-16 fiscal year, a government source said. India has changed the way it measures economic activity to conform with international standards,...
  • Falling oil prices shrink trade deficit to 11-month low February 14, 2015

    New Delhi: Trade deficit narrowed to an 11-month low in January, helped by a plunge in global oil prices, bolstering the outlook for India's current account balance as well as the rupee. But in a worrying sign, weak global demand led to a second straight annual fall in merchandise exports. Exports...
  • Trick or treat? India's strong GDP figures mask economic reality February 11, 2015

    Mumbai: For business, the government and the Reserve Bank of India, data revisions that have transformed India's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for reliable indicators of underlying activity, vital for Finance Minister Arun Jaitley as...
  • Bullet News: Catch the day's top stories February 9, 2015

    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 Zakka Jacob February 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Eight people arrested in Rohtak rape-murder case February 9, 2015

    Eight people, including one of Nepali origin, have been arrested in the rape and murder of a mentally-challenged woman in Rohtak. ...
  • 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...
  • India pegs 2014/15 growth at 7.4%; GDP grows 7.5 % y/y in December-quarter February 9, 2015

    New Delhi: The Central government on Monday forecast annual economic growth to accelerate to 7.4 per cent in the fiscal year ending in March 2015 after Asia's third-largest economy grew 7.5 per cent in the quarter to end-December. The latest estimate compares with a revised 6.9 per cent growth a year...
  • RBI Governor Raghuram Rajan keeps repo rates unchanged in the policy review February 3, 2015

    RBI Governor Raghuram Rajan has kept repo rates unchanged in the policy review. RBI says GDP growth is likely to rise to 6.5 per cent by 2016. Inflation will be at 6 per cent by January 2016. Sources say RBI may choose to announce a rate cut only after budget...
  • GDP base year revision may help government contain fiscal deficit January 29, 2015

    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...