Growth

  • Lok Sabha polls fuelling growth in tourism industry: Assocham 10-04-2014 06:00 PM

    The country's tourism industry is witnessing a boom thanks to the ongoing Lok Sabha polls, which have fuelled interest in foreign visitors to throng the nation to witness electioneering in the world's largest democracy, according to an Assocham study. During the election period (April-May), there is likely to be an...
  • India likely to see weak economic growth, says OECD 08-04-2014 07:02 PM

    London: India and many major emerging economies are expected to see weak growth even as prospects have stabilised in most of the advanced countries, says a report by Paris-based think-tank OECD. Besides India, Brazil and Russia are likely to witness economic growth weakening whereas the prospects look better for China....
  • India's growth likely to recover to 5.4 per cent in 2014: IMF 08-04-2014 06:58 PM

    Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said on Tuesday. "India's growth is expected to recover from 4.4 per cent in...
  • Development economist laments India's poor economic growth 01-04-2014 09:32 PM

    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...
  • RBI likely to maintain status quo in monetary policy on Tuesday 31-03-2014 03:41 PM

    New Delhi: The Reserve Bank will come out with annual monetary policy on Tuesday amid expectations that it will maintain status quo because retail inflation, especially in food items, is yet to show definite signs of moderation. "It would be quite a tough call for the RBI in the given...
  • US fourth-quarter growth raised to 2.6 per cent 27-03-2014 06:22 PM

    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,...
  • Economy will grow at 5.5 per cent in Q4, says C Rangarajan 14-03-2014 02:52 PM

    Country's economy is likely to grow at 5.5 per cent in the fourth quarter of the current fiscal on higher agriculture output and pick up in the manufacturing activities, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan said on Friday. "I see some greenshoots in Indian economy...In order to...
  • India economy to grow at 5.6 per cent in 2014-15: Report 06-03-2014 05:25 PM

    India is likely to grow by 5.6 per cent in 2014-15 against a projected growth of less than 5 per cent in the current fiscal, a report by India Ratings and Research has said. "The global economy in 2014 appears to be in a better shape than what it was...
  • Global smartphone growth to fall sharply in 2014, expected to decline to 6 per cent in 2018: IDC 27-02-2014 02:56 PM

    San Francisco: Growth in global smartphone shipments will fall sharply this year and keep slowing through 2018, with average prices dropping significantly as demand shifts to China and other developing countries, according to market research firm IDC. Annual growth in 2014 is expected to be 19.3 per cent and then...
  • Cost of credit biggest worry for CEOs: CII 23-02-2014 12:40 PM

    Corporate honchos have cited cost of credit as their biggest concern impeding economic growth and investments, even as a majority of them said the interim budget would help increase overall demand within next six months, a poll of industry leaders by CII has said. An overwhelming 74 per cent of...
  • Focus on economic agenda to provide transparent,stable policies: BJP 21-02-2014 05:02 PM

    BJP's economic agenda will focus mainly on providing transparent and stable policies for investors, senior Bharatiya Janata Party leader Ravishankar Prasad said on Friday. Bharatiya Janata Party (BJP) is likely to unveil its economic agenda in the coming weeks. "Enabling atmosphere for India, where those who wish to invest can...
  • Economic growth to cross 5 pc this financial year: PM 14-02-2014 08:59 PM

    New Delhi: Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh on Friday said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years. Addressing the Governors' Conference, Singh said the Indian economy, after many years of...
  • IIP shows no signs of recovery, contracts 0.6 per cent in December 12-02-2014 07:35 PM

    Showing no signs of recovery, industrial production growth rate remained negative for the third month in a row, contracting 0.6 per cent in December 2013, mainly due to sluggishness in manufacturing sector. During December 2012 as well, the factory output, as measured in terms of the Index of Industrial Production...
  • Tarun Gogoi slams Modi, says growth in Assam higher than in Gujarat 12-02-2014 05:03 PM

    Attacking Narendra Modi for his claims on development in Assam, Chief Minister Tarun Gogoi on Wednesday said his state had witnessed a much higher growth compared to Gujarat. "Assam's growth was 13 per cent in 2012-13, while it was 8.52 per cent in Gujarat. Modi only has speed of talking,...
  • The Last Word: What is the true state of Indian economy? 10-02-2014 09:05 PM

    Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. Growth in 2012-13 slipped to a decade-low of 4.5 per cent. The economy expanded 4.6 per cent in the first half (April-September)...
  • Growth will not be less than 5 pc in 2013-14, says Chidambaram 08-02-2014 05:05 PM

    New Delhi: Finance Minister P Chidambaram on Saturday expressed confidence that the economic growth rate for the current financial year will be revised to not less than 5 per cent. "I am confident that the final estimate will be not less than 5 per cent for the whole year," Chidambaram...
  • India's economic growth pegged at 4.9 pc in 2013-14 07-02-2014 09:18 PM

    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...
  • Confident of revenue growth: Indian CEOs at World Economic Forum 22-01-2014 12:20 PM

    Nearly half of the Indian CEOs surveyed are "very confident" about revenue gains for their companies in the next 12 months, even as they cited availability of skilled talent and corruption as major business threats, as per a PwC study. According to PwC's 17th Annual Global CEO survey, released by...
  • China's economy grows 7.7 per cent in 2013 20-01-2014 02:26 PM

    China's economy grew 7.7 per cent in 2013 after easing in the final three months on sagging investment growth, a cooldown that some analysts say is a sign of the more sober times ahead as the government wrestles to implement major reforms. With China stepping up its efforts to remake...
  • Can India hope for a jobs upturn in 2014? 16-01-2014 02:01 PM

    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...
  • EU falling behind India, China, says British Finance Minister George Osborne 15-01-2014 04:56 PM

    British Finance Minister George Osborne on Wednesday warned the European Union that it was falling behind India and China and must reform to halt the bloc's decline. "We can't go on like this...(there is a) simple choice for Europe: reform or decline," Osborne stressed while addressing a conference organised by...
  • Industry urges RBI to cut interest rate as inflation dips 15-01-2014 04:31 PM

    Relieved by decline in inflation, the industry on Wednesday urged the Reserve Bank to lower interest rates to provide a fillip to the sluggish economic growth at a time when industrial output has turned negative. "The easing of inflation at a time when industrial growth continues to be in the...
  • India's economy growth at over 6 per cent in 2014-15: World Bank 15-01-2014 01:15 PM

    The World Bank has projected India's economy will grow over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases. In China, growth is estimated to stay flat in 2014 at 7.7 per cent, slowing to 7.5 per cent for the...
  • Global economy to grow in 2014: World Bank 15-01-2014 12:53 PM

    The global economy is estimated to expand at 3.2 per cent this year from 2.4 per cent in 2013, with growth picking up in developing countries and high-income economies, the World Bank said. But growth prospects remain vulnerable to US tapering, the global lender said in its semi-annual Global Economic...
  • Leadership matters a great deal, India needs a strong leader: Modi 15-01-2014 12:28 PM

    Gandhinagar: Gujarat Chief Minister Narendra Modi targeted Congress-led UPA government in his speech at a FICCI event on Wednesday saying that the nation wanted a strong leadership that could take bold decisions. The nation lacked trust in the leadership and that there was a need to bridge this trust deficit...
  • Need to focus on growth, says Economic Affairs Secretary ahead of RBI policy 12-01-2014 01:21 PM

    Ahead of the RBI's monetary policy review, Economic Affairs Secretary Arvind Mayaram has pitched for shifting the policy focus to growth as interest rates do not have a bearing on food inflation. "I will not like to second-guess the RBI at all...I will fervently appeal to anybody who listens to...
  • IIP declines by 2.1 per cent in November 10-01-2014 07:33 PM

    Dashing hopes of recovery, industrial production contracted by 2.1 per cent in November, the lowest in six months, mainly due to poor performance of manufacturing sector and lower output of consumer goods particularly white goods. Factory output, as measured in terms of the Index of Industrial Production (IIP), declined by...
  • Delays in project completion hampering growth, says C Rangarajan 10-01-2014 05:15 PM

    Concerned over declining growth rate, Prime Minister's key economic advisor on today called for faster implementation of large projects to spur investments. "Economic growth has in fact declined much more steeply than what is warranted by the decline in investment. This might be because projects have not been completed in...
  • Expect 5 per cent economic growth in 2013-14: Manmohan Singh 08-01-2014 12:26 PM

    India's economic growth in the current fiscal year will likely remain flat at 5 per cent, Prime Minister Manmohan Singh said on Wednesday. Singh's forecast is more optimistic than those of several private economists, who are predicting growth in the year to March 2014 to slip below 5 per cent....
  • FICCI unveils economic agenda for long-term growth 06-01-2014 05:31 PM

    Industry chamber FICCI on Monday stressed the need to strengthen key enablers of enterprises and job creation for sustained high growth. We wish to see India get back to a high growth track. Adding 10-12 million jobs annually requires a growth of 8-9 per cent over a long period, newly-elected...