GROWTH RATE

  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait February 28, 2015

    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,...
  • Key highlights of Economic Survey 2014-15 February 27, 2015

    New Delhi: The survey prepared by the finance ministry's chief economic adviser Arvind Subramanian on the state of Indian economy was released ahead of Saturday's Union Budget announcement for 2015/16 fiscal year that begins on April 1. Centre forecast GDP growth of over 8 per cent (y/y) in the 2015/16 fiscal...
  • Economic Survey 2014-15: 'Scope for big bang reforms' as growth pegged at 8 per cent for next year February 27, 2015

    New Delhi: Economic Survey 2014-15, tabled by Finance Minister Arun Jaitley in Parliament on Friday, pegs a growth rate of over 8 per cent for the next financial year while inflation has declined by over 6 percentage points since late 2013. "There is scope for big bang reforms now," said Jaitley...
  • 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...
  • India's growth rate will increase by 6.3 per cent this year, surpass China's by 2016: IMF January 20, 2015

    Washington: India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China's projected growth rate, the IMF said while terming the new government's reforms as "promising" but insisted that their implementation is key. In 2014, India's growth...
  • India will catch up with China's growth rate in 2016-17: World Bank January 14, 2015

    Washington: India will catch up with China's growth at 7 per cent in the year 2016-17, the World Bank has forecast, saying India's economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates. "India will catch up...
  • Arun Jaitley projects better growth rate in 2015, hints at tax reforms December 29, 2014

    New Delhi: While projecting a better growth rate in the year ahead, Finance Minister Arun Jaitley on Monday admitted that manufacturing remained a challenge but also hinted at tax reforms to boost sentiments in India. Speaking at the 'Make In India' event in New Delhi, Jaitley said the government is taking...
  • India will exceed China's growth rate; 2014 a landmark year: RIL chief Mukesh Ambani December 3, 2014

    Mumbai: Reliance Industries Limited chairperson Mukesh Ambani in an exclusive interview with Network18 said internal stability will help India increase its growth rate. "I have no doubt in my mind that we will be the fastest growing economy in the next two or three years," said Ambani. The business tycoon referred...
  • 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...
  • AprilJune GDP growth at 5.7 per cent, highest in last nine quarters August 29, 2014

    New Delhi: The Indian economy registered its highest growth in nine quarters this financial year. According to the Ministry of Statistics and Programme Implementation, the Indian economy registered a GDP growth of 5.7 per cent in the AprilJune quarter of 201415. The GDP rose from 4.6 per cent in the last...
  • Kumar Mangalam Birla meets Jaitley; expects turnaround 36 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 36 months. "I expect a turnaround to happen in 36 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 201314 February 7, 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 201314 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 201314 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...