GROWTH

  • 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...
  • Economic prospects brighten, GDP to improve to 5.2 pc in 2014: Moody's September 10, 2014

    New Delhi: Rating agency Moody's on Wednesday said that the downside risks to the economy have receded and prospects have brightened with growth rate expected to accelerate to 5.2 per cent in 2014 and 6.5 per cent by end of 2015. "With risks receding and most sectors expanding, our 2014 forecast...
  • Grand, big picture reforms in India may take some time: Raghuram Rajan September 7, 2014

    New York: India's new government may take some time to unveil "grand, big picture reforms" as it is currently focusing on implementation of stalled projects worth US dollar 5070 billion that will pay dividends in the short run by helping on the inflation and income fronts, RBI Governor Raghuram Rajan...
  • Hits and misses: 100 days of Narendra Modi government September 2, 2014

    New Delhi: As the Narendra Modi government completed over 100 days in power, there has been a stark difference in the functioning of the NDA and UPA governments. There has been speedy decision making and many projects which were previously seen to have been stalled, have now been cleared. The...
  • Congress proved right, GDP data shows decline in economic growth halted in 201314: Chidambaram August 30, 2014

    New Delhi: In response to the first quarter growth figures being the highest its been in twoandahalf years, former Finance Minister P Chidambaram has said that the results are in line with the Congress's stand that the decline in growth had ended in their term. "Congress party and I are...
  • Noted Historian Bipan Chandra dies at the age of 86 August 30, 2014

    New Delhi: Well known Indian author and historian Bipan Chandra died on Saturday morning at the age of 86. He was considered to be an expert in political history and economics. He has authored a number of books including The Rise and Growth of Economic Nationalism, Communalism: A Primer, The...
  • 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...
  • 100 days of Modi government: GDP growth likely to be highest in last 10 quarters August 29, 2014

    New Delhi: The NDA government is set to complete a 100 days in office and going by the expected GDP growth from its first quarter in power, there may be a huge boost to the economy. The GDP figures for the 100 days of the Modi government will come out on...
  • Government is committed to the welfare of the people, says Ravi Shankar Prasad August 28, 2014

    Bharatiya Janta party member Ravi Shankar Prasad said, "Government is committed to the welfare of the people. The idea is to put India on the path of growth and progress." Andhra Pradesh Chief Minister to launch Jan Dhan Yojana from Rajahmundry. ...
  • Change India: Ideas on curbing food inflation, helping agriculture August 24, 2014

    In this edition of the 'Change India: What India Wants' series, we discuss how can we curb food inflation and increase agricultural productivity. ...
  • Low growth, high inflation not acceptable: Arun Jaitley August 16, 2014

    Mumbai: Finance Minister Arun Jaitley on Saturday said the current situation of high inflation and low growth has to be reversed to achieve sustainable GDP expansion along with improvement in price situation. "If inflation is high then you begin at a point where growth is low. We need to change this...
  • Industrial output growth slows to 3.4 per cent in June August 12, 2014

    New Delhi: Industrial production grew a slowerthanexpected 3.4 per cent yearonyear in June, government data showed on Tuesday. Analysts polled by Reuters had forecast output to grow 5.4 percent. Industrial production expanded a provisional 4.7 percent yearonyear in May. Meanwhile, consumer price inflation accelerated to a twomonth high of 7.96 per cent...
  • Arun Jaitley nudges RBI to cut rate to boost growth August 10, 2014

    New Delhi: Nudging the Reserve Bank of India to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said that he had already made his mind clear and hoped the central bank will take decision after taking into account various factors. The RBI had maintained statusquo on interest...
  • Jaitley to meet heads of PSU banks on Thursday July 28, 2014

    New Delhi: Finance Minister Arun Jaitley is scheduled to hold his first meeting with all the heads of the public sector banks on July 31 and is expected to impress upon them the need to lower interest rates for boosting growth. "The Finance Minister would be meeting heads of banks on...
  • John Kerry to deliver major foreign policy speech on India July 27, 2014

    Washington:Laying out a roadmap of longterm strategic partnership between the largest and oldest democratic countries, US Secretary of States John Kerry will deliver a major foreign policy speech on India. Kerry, will underscore the shared prosperity, democratic values, and security that a strong USIndia partnership brings to Asia and to the...
  • India likely to grow at 6 per cent in 201415: Harvard professor July 23, 2014

    New Delhi: The Indian economy is likely to grow at six per cent in 201415 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 78 per cent can occur in coming years, Harvard University professor Gita Gopinath said. "Let's just say...
  • MH17 crash overshadows G20 trade summit July 19, 2014

    Sydney: Trade ministers from the world's leading economies met in Sydney on Saturday for the latest round of G20 talks, with the crash of Malaysia Airlines flight MH17 threatening to overshadow the summit. G20 chair Australia has sought to keep the meeting focused on economic growth, but Thursday's disaster in rebelheld...