Growth Rate

  • Kumar Mangalam Birla meets Jaitley; expects turnaround 3-6 months May 28, 2014

    New Delhi: Sounding a note of optimism, Aditya Birla Group head Kumar Mangalam Birla today exuded confidence that the Budget would give boost to infrastructure sector and a turnaround would be visible in the next 3-6 months. "I expect a turnaround to happen in 3-6 months. I also expect budget to give...
  • US fourth-quarter growth raised to 2.6 per cent March 27, 2014

    US economic growth was a bit faster than previously estimated in the fourth quarter, displaying underlying strength that could bolster views that the slowdown in activity early in the year would be temporary. Gross domestic product expanded at a 2.6 per cent annual rate, the Commerce Department said on Thursday, up...
  • India's economic growth pegged at 4.9 pc in 2013-14 February 11, 2014

    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 compared...
  • Core infrastructure growth jumps to 8 per cent in September October 31, 2013

    Eight core infrastructure sectors that include power, coal, steel and cement, posted an impressive 8 percent growth in September, government data showed on Thursday. Electricity generation that has 10.32 percent weight in the Index of Industrial Production (IIP) registered a growth of 12.6 percent during the month under review, data released...
  • World Bank slashes India growth forecast to 4.7 pc in 2013/14 October 16, 2013

    New Delhi: The World Bank sharply lowered its forecast for India's economic growth to 4.7 percent from 6.1 percent for the current fiscal year, citing a sharp slowdown in manufacturing and investment as well as negative business confidence. In a report released on Wednesday, the bank said 'high headline inflation, an...
  • Industrial output grows 0.6 per cent in August October 11, 2013

    New Delhi: India's industrial production for the month of August grew by 0.6 per cent in August, dropping from an upwardly revised 2.75 per cent pace in July. Analysts had expected an annual output growth of 2.0 per cent for the month. The manufacturing sector, which constitutes about 76 per cent...
  • India's economic fundamentals remain strong: Manmohan Singh October 10, 2013

    New Delhi: Prime Minister Dr Manmohan Singh maintains that the Indian economy is still doing better. Dr.Singh, who is in Indonesia to attend the ASEAN meet, spoke to an Indonesian newspaper 'Kompas'. Following are the excerpts from the interview. What about sluggish performance of Indian economy? If you leave aside last...
  • Chidambaram is being economical with truth: BJP September 23, 2013

    New Delhi: 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...
  • Manmohan Singh's aggression a sign of weakness? August 30, 2013

    Prime Minister Manmohan Singh fought for his reputation as the architect of India's economic reforms on Friday, insisting that the current growth and currency crunch was no repeat of the 1991 balance of payments crisis that made him a household name. ...
  • India @ 9 with Rajdeep Sardesai August 30, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Manmohan Singh fights for 'reformer' legacy as economy faces 1991-like crisis August 30, 2013

    New Delhi: Prime Minister Manmohan Singh fought for his reputation as the architect of India's economic reforms on Friday, insisting that the current growth and currency crunch was no repeat of the 1991 balance of payments crisis that made him a household name. An economist by training, Singh's long political career...
  • Delhi will continue to achieve double digit growth, says CM August 26, 2013

    Notwithstanding the gloom in the economy, Delhi Chief Minister Sheila Dikshit, on Monday, said she was confident that the national capital will continue to achieve double digit growth in the current fiscal. Terming Delhi as "nerve centre" of growth, she said her government has been following a pro-investment policy which has...
  • Goldman Sachs downgrades Indian stocks to 'underweight' August 1, 2013

    Mumbai: Goldman Sachs downgraded its rating on Indian stocks to "underweight" on concerns about delayed growth recovery and rising vulnerabilities for the economy. This comes just a day after the Reserve Bank of India also downgraded growth forecast. It said a high current account deficit remains a key vulnerability, which was...
  • Growth rate during UPA 1 and 2 over 8 pc against NDA's 5 pc: Montek June 28, 2013

    New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said that the average growth rate of United Progressive Alliance 1 and 2 is over 8 per cent against National Democratic Alliance's 5 per cent. "There is no regression of policies under UPA government," he said at Network 18...
  • India will be back to 8 per cent growth soon, says Pitroda June 15, 2013

    Ahmedabad: Sam Pitroda, adviser to Prime Minister on Public Information Infrastructure and Innovations, on Saturday expressed confidence that the country will regain the growth rate of 8 per cent soon. "The Union Government is doing its job. For the last ten years, we have been continuously clocking 8 per cent growth. Though...
  • The Last Word: What is the state of Indian economy? June 3, 2013

    After last week's depressing news about growth, we ask what exactly is the state of the economy? And what does the government need to do to boost investment and growth? ...
  • Nine years of UPA saw average 8 per cent growth: PM May 23, 2013

    New Delhi: Detailing economic growth during the UPA regime, Prime Minister Manmohan Singh said on Wednesday the slowdown in 2012 was "temporary" and a longer term view would show that India has notched up an average "8 per cent growth" in the past nine years. The prime minister, presenting the ruling...
  • Finance Ministry sees room for easing of rate by RBI May 14, 2013

    New Delhi: Encouraged by the declining trend in inflation, the Finance Ministry on Tuesday made a case for further rate cut by the Reserve Bank to boost sagging growth. "I think we need to look at statement made by RBI Governor during the last policy review where he had stated...
  • 'Very limited' room for monetary easing, says RBI May 2, 2013

    Mumbai: Dashing expectations of an interest rate cut that have risen because of the recent softening in inflation, as well as decline in crude and gold prices, the Reserve Bank of India on Thursday said there is "very limited" space for that in fiscal 2013-14 because of multiple global and...
  • Governance deficit has made J&K a 'begging bowl': Sayeed April 29, 2013

    Srinagar: Continued governance deficit has given Jammu and Kashmir a tag of "begging bowl", PDP patron Mufti Mohammad Sayeed on Sunday claimed, and said development scenario of the state can be changed "perceptibly" by a new government as happened in Bihar. The PDP leader said there are instances within the...
  • Create investment-friendly climate, PM urges bureaucrats April 22, 2013

    New Delhi: Prime Minister Manmohan Singh on Sunday stressed the need to build a climate favouring enterprise and investment while observing that the current economic downturn was only temporary. "I believe that we are facing only a temporary downturn that we should correct as quickly as possible...more needs to be done,...
  • Stimulus packages lead to fiscal deficit and inflation: FM April 20, 2013

    Washington: Finance Minister P Chidambaram on Friday said the three stimulus packages India had provided to the economy in the wake of the global financial crisis post 2008-09 lead to a higher fiscal deficit, inflation and slowdown in growth. He said the government is going to take more steps on...
  • Growth in India may recover to 6 per cent in 2013: ADB April 9, 2013

    Manila: Growth in developing Asia is seen gaining momentum in 2013, powered by rising domestic consumption and intra-regional trade, but authorities need to ward off risks of inflation and asset bubbles arising from strong capital inflows, the Asian Development Bank (ADB) said. Tensions over long-standing border disputes in Asia, deepening austerity...
  • India unlikely to hike gold duty again: Chidambaram April 2, 2013

    Tokyo: Finance Minister P Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling and would instead introduce inflation-indexed instruments to help curb a record current account deficit. In January India raised the import tax on gold to 6 per...
  • Growth will pick up, room for more FDI: Chidambaram April 1, 2013

    Tokyo: India's economy is capable of absorbing $50 billion in foreign direct investment per year, Finance Minister P Chidambaram said on Monday. Addressing a news conference during a visit to Tokyo promoting India as investment destination, Chidambaram also reiterated that growth in Asia's third-largest economy was expected to accelerate in...
  • 'India's manufacturing growth at 16-month low in March' April 1, 2013

    New Delhi: India's manufacturing sector witnessed the slowest rate of expansion in 16 months in March as power outages hampered production activity and decline in new business orders, an HSBC survey said on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI) - a measure of factory production - stood...
  • Raghuram Rajan: financial crisis prophet to RBI chief? March 16, 2013

    New Delhi: The man widely expected to be the next Reserve Bank of India (RBI) governor favours clipping the autocratic power of the role and giving more say to a monetary policy committee. Raghuram Rajan, who in 2005 predicted the global financial crisis, also believes that inflation of around 5 per...
  • Chidambaram expects growth rate to move up to 7 pc in two years March 14, 2013

    New Delhi: Seeking to dispel fears over the state of economy, Finance Minister P Chidambaram on Thursday said the country will return to high growth of 7 per cent in two years and promised adequate public spending to stimulate it. Replying to a debate on the Budget 2013-14 in the...
  • India new economic icon of emerging powers, says Khurshid March 11, 2013

    New Delhi: India with its robust legal structure, banking system and skilled manpower is the new economic icon of emerging powers and is sure to be on track again for 7 per cent growth, External Affairs Minister Salman Khurshid said on Sunday. "India with its good legal structure, corporate governance, banking...
  • PM in attack mode, says 'men of envy' disparage everything March 12, 2013

    New Delhi: Expressing confidence that growth will bounce back to 7-8 per cent, Prime Minister Manmohan Singh said on Friday that opposition should be more objective in assessing his government. Again taking on the opposition, an acerbic Manmohan Singh also said that "men of envy" disparage everything. "I agree to Leader...