GROWTH

  • Third-quarter US economic growth strongest in 11 years 3 days ago

    Washington: The US economy grew at a 5 per cent clip in the third quarter, its quickest pace in 11 years and the strongest sign yet that growth has decisively shifted into higher gear. Some of the strength appears to have been sustained, with other data on Tuesday showing consumer spending...
  • Watch: Journey of Maveric systems 6 days ago

    The journey of Maveric systems has empowered many. Maveric offers growth and opportunities to all its employees. ...
  • Barack Obama's year-end message to Americans: I'm not a lame duck 1 week ago

    Washington: If US President Barack Obama is feeling the pain from a rough year at the office, he did a great job of covering it up on Friday. Before boarding Air Force One for a vacation in Hawaii, the President gave a year-end news conference with a spring in his step,...
  • 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...
  • RBI Governor flays firms' myopic view on growth-inflation dynamics December 2, 2014

    Mumbai: Trashing India Inc's incessant criticism that RBI is not reducing interest rates, Governor Raghuram Rajan on Tuesday accused them of being myopic and asserted that the central bank is for the "strongest possible growth". "I think there is a misconception in corporate India that the...
  • 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...
  • Ready to be more flexible in loan recast to spur growth: RBI November 25, 2014

    Anand: The RBI is ready to give banks more flexibility in restructuring of stressed loans if it facilitates recovery of stalled projects, Governor Raghuram Rajan on Tuesday said. "The RBI is exploring ways to allow banks more flexibility in (loan) restructuring. This is a risk we are prepared to take...
  • India can grow at 9 per cent, become $10 trillion economy in 20 years: Report November 24, 2014

    New Delhi: India has the potential to achieve 9 per cent growth rate and become a $10 trillion economy by 2034 on the back of concerted efforts by the corporate sector and a constructive role played by the government, a PwC report said on Monday. "India is on the cusp...
  • Manufacturing growth may moderate in December quarter: FICCI November 23, 2014

    New Delhi: The country's manufacturing sector is likely to witness a moderate growth in the third quarter of this fiscal, according to a FICCI survey. Showing signs of recovery, industrial production grew at a three-month high of 2.5 per cent in September on account of better mining and manufacturing output....
  • 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...
  • G20 to focus on economic growth, infrastructure and tax avoidance November 15, 2014

    Brisbane: Boosting global economic growth, encouraging private sector investment in infrastructure, and cracking down on multinational companies which avoid tax were the top issues on the G20 agenda, Australian Treasurer Joe Hockey said on Saturday. Hockey, who is chair of the G20 finance ministers, made these remarks before finance ministers of...
  • Industrial output growth picks up in September to 2.5 per cent November 12, 2014

    New Delhi: India's industrial output grew a faster-than-expected 2.5 per cent year-on-year in September, helped by a rebound in capital goods sector, government data showed on Wednesday. Analysts polled by Reuters had forecast the output to grow a meagre 0.6 per cent. Industrial production was upwardly revised to 0.5 per cent...
  • IT sector hiring may nearly halve by 2018: Crisil November 10, 2014

    Mumbai: Ratings agency Crisil on Monday said the information technology sector is likely to lose its position as a mass employment engine and new recruitments will nearly halve over the next three years, even though companies will continue to report good revenue growth. "Despite healthy revenue growth of 13 per cent...
  • Nasscom BPM Strategy Summit 2014: Making hyper-growth a sustainable business reality November 8, 2014

    The Nasscom BPM Strategy Summit 2014 focused on making hyper-growth a sustainable business reality. Non-Executive Vice Chairman of Genpact, Pramod Bhasin said that lack of products and innovations were the biggest hurdles that one had to overcome. ...
  • 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...
  • Indian economy to grow by 6.4 per cent in 2015-16: World Bank October 7, 2014

    Washington: Indian economy, which accounts for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16 as against 5.6 per cent in 2014-15, the World Bank has said. With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi,...
  • 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...
  • Need for a more stable and inclusive growth: PM Modi at UNGA September 27, 2014

    United Nations: Elevating his election winning mantra "sabka saath, sabka vikas" at the global stage, Prime Minister Narendra Modi on Saturday called for a more stable and inclusive growth. In his maiden address to the UN General Assembly, Modi stressed that it require a genuine international partnership. "At one level, it means...
  • Modi US visit: India capable of achieving growth rate of 10%, says Arvind Panagariya September 24, 2014

    New York: Ahead of Prime Minister Narendra Modi's US visit on the 26 September, one of the core members from Modi's core team, Arvind Panagariya told CNN-IBN's Bhupendra Chaubey that India is capable of growing at a rate of 10%. He said that in order to achieve this and to...
  • CIL scouting for locations for Rs 7,000 cr solar projects September 22, 2014

    New Delhi: Stateowned Coal India (CIL) is in the process of identifying places for setting up of solar projects worth Rs 7,000 crore. "Coal India is in the process of identifying places for setting up the solar projects," a source said. "The directions for the same were given to the...
  • We need to be more realistic, says businessman on Modi's China remark September 21, 2014

    Reacting to the 'We need not to copy China, but reclaim our lost glory' remark on PM Modi in CNN world exclusive interview, businessman Mohandas Pal says China is way ahead of us and we can not ignore their model of growth. ...
  • ModiXi meet: Can strategic divergence meet economic convergence? September 17, 2014

    A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said ahead of a rare visit to India on Wednesday, playing down mistrust that has kept the Asian giants apart. India's new Prime Minister, Narendra Modi, is determined to build closer...
  • What the 'peaceful rise of China' means for India part 3: Indian and Chinese economies compared September 17, 2014

    The spectacular rise of China in the last few decades is first and foremost the story of its unparalleled economic growth and development. It is the economic might of China that underpins its national strength. It is thus crucial to have a dispassionate look at China's rise as an economic...
  • Tamil Nadu's growth up at 7.29 pc in 201314, says CM Jayalalithaa September 15, 2014

    Coimbatore: Countering charges of various political parties linking poor governance to lower growth in Tamil Nadu, Chief Minister Jayalalithaa on Monday asserted that Gross State Domestic Product (GSDP) has increased to 7.29 per cent in 201314 from 3.39 per cent in 201213. Refuting the charges by the parties linking poor performance...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years September 15, 2014

    New Delhi: Declining prices of vegetable and other food articles pulled down wholesale inflation sharply to 3.74 per cent in August to a nearly fiveyear low. The inflation measured on Wholesale Price Index (WPI) was at 5.19 per cent in July and 6.99 per cent in...
  • RBI Governor urges Centre to deregulate diesel prices September 15, 2014

    Mumbai:Even as the government is continuing with a phased deregulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely deregulate diesel prices. Rajan on Monday said diesel price deregulation is especially important in the wake of rising global crude oil prices. "Deregulation will empower stateowned oil firms...
  • Indian Institute of Advanced Study to research on Indian tradition September 14, 2014

    Shimla: Indian Institute of Advanced Study (IIAS), country's premier research institute, will take up new research projects on Indian traditions and its multiculture components in the coming years. "The institute is the most appropriate place for initiating new research projects on Indian traditions and its multiculture components and comparative studies...
  • Karnataka new industrial policy targets Rs 5 lakh crore investment September 11, 2014

    Bangalore: The Karnataka Cabinet on Thursday approved a new industrial policy for 201419 with an aim to attract investment of up to Rs 5 lakh crore and create around 15 lakh jobs in the state. "New Industrial policy will be in force from 20142019. We had discussed it in the...
  • 100 days of Modi government: Growth and environmental protection can go hand in hand, says Javadekar September 11, 2014

    Asserting the achievements of the Narendra Modi government in the last hundred days, Minister of Environment and Forests, Prakash Javadekar said that growth and environmental protection can go hand in hand. Javadekar enumerated the numerous projects that have been rapidly cleared by his office in the last hundred days, emphasizing...