GROWTH

  • India will grow at 7.8% in 2015-16; surpass China: ADB 5 days ago

    New Delhi: India is all set to overtake China's growth rate by clocking 7.8 per cent GDP in 2015-16 and 8.2 per cent during the following fiscal on the back of structural reforms and government's "pro-investment" attitude, Asian Development Bank said on Tuesday. "India is expected to grow faster than China...
  • India's economy likely to grow 8 pc in next fiscal: Report March 22, 2015

    Mumbai: The country's economy is likely to clock 8 per cent growth in the next financial year and 8.3 per cent in 2016-17, says a report. "India is the only BRIC country, where growth will accelerate, to 8 per cent in FY16 and 8.3 per cent in FY17, based on...
  • India's GDP to grow at 8.3 pc in FY'17: HSBC March 22, 2015

    New Delhi: Stars are "gradually aligning" for the Indian economy and it is expected to clock a growth rate of 7.4 per cent in the current financial year, which is likely to improve further to 8.3 per cent by 2016-17, says an HSBC report. According to the global financial services...
  • Government to ease process of doing business in India: Arun Jaitley March 14, 2015

    London: Government is fairly determined and is introducing changes to ease the process of doing business and attract investments in India while trying to rationalise and lower taxes, Finance Minister Arun Jaitley has said. He also said that the GDP growth rate this year would be 7.5 per cent and hopefully...
  • India's GDP growth will be 7.5 per cent in 2015: Arun Jaitley March 14, 2015

    London: Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that in 2015 the GDP growth rate will be 7.5 per cent and next year hopefully it would be higher. Launching the Union Bank of India (UK), a subsidiary of the Union...
  • Sri Lanka should not worry about India's economic size: PM Modi March 13, 2015

    Colombo: Asking Sri Lanka not to worry about India's economic size, Prime Minister Narendra Modi on Friday said both the countries should move boldly to conclude a Comprehensive Economic Partnership Agreement and attract investments. He said Sri Lanka has the potential to be India's "strongest economic partner" in the region and...
  • No reason why India can't resume 8 or 9 per cent growth: IMF March 12, 2015

    Washington: Calling for a whole set of structural reforms, the International Monetary Fund has said there is no reason why India could not resume an eight or nine per cent or even higher growth rate in the coming years. The IMF has at least at this stage pegged a kind of...
  • IMF raises growth forecast for India to 7.2% in FY15 but warns of both global and domestic risks March 12, 2015

    Mumbai: The International Monetary Fund has raised the growth forecast for India in the current fiscal to 7.2 per cent but warned that both global and domestic risks could rock the boat. The IMF says India is poised to grow at a faster pace in this fiscal, especially given the...
  • Rupee rebounds from one-week low, up 9 paise at 62.16 against US dollar March 5, 2015

    Mumbai: Rebounding from one-week low, the Indian rupee on Thursday rose by 9 paise to finish at 62.16 against the dollar, snapping its four-day falling trend, on the back of dollar selling by banks and exporters amid rise in stocks. Moreover, dealers avoided taking any long dollar positions ahead of...
  • China lowers 2015 GDP growth target to 7 per cent, lowest since 1990 March 5, 2015

    Beijing: China has budgeted for a national fiscal deficit of 1.62 trillion yuan ($258 billion) in 2015, the Ministry of Finance said on Thursday in its work plan unveiled at the annual parliament meeting. The government aims for 2015's deficit to be equivalent to 2.3 per cent of gross domestic product...
  • PM Modi pitches for innovation in I-T sector for economic progress March 2, 2015

    Prime Minister Narendra Modi emphasised on the importance of innovation in the I-T sector for national economic progress. Addressing the silver jubilee of the The National Association of Software and Services companies in the national capital, Modi said, "Connectivity is one of the factors which affects GDP. Better and faster...
  • Walmart sees Budget 2015 driving domestic consumption, retail growth March 1, 2015

    New Delhi: Retail giant Walmart sees an increase in India's domestic consumption and retail growth over a period of time on the back of social security measures proposed in the Budget. The company, which has decided to focus only on wholesale business in India owing to several restrictions in the multi-brand...
  • Budget 'credit neutral' from a ratings perspective: Moody's March 1, 2015

    Mumbai: Moody's Investors Service said India's 2015/16 budget unveiled on Saturday was "credit neutral," adding the agency would monitor whether the government can fulfill its pledge to meet its fiscal deficit by boosting economic growth. The government on Saturday pushed back the deadline to cut the fiscal deficit to 3 per...
  • 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,...
  • Union Budget 2015: Finance Minister did a great job of reviewing economy, says Suresh Prabhu February 28, 2015

    Finance Minister Arun Jaitley presented the Union Budget 2015 in Parliament on Saturday aimed at high growth. Reacting on the budget, Railway Minister Suresh Prabhu said that Finance Minister Arun Jaitley has done a amazing job of reviewing the economic growth. ...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • 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...
  • Government may soon take a decision on relaxing FDI norms for NRIs February 24, 2015

    New Delhi: The government may soon take a decision on liberalising foreign direct investment norms for NRIs and overseas citizens of India as it aims to increase capital flows into the country. A decision in this regard is expected to be taken at the highest level soon, sources said. In order...
  • 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...
  • Rupee gains 26 paise against dollar in early trade February 13, 2015

    Mumbai: The rupee strengthened by 26 paise to 62.05 against the dollar in early trade on Friday at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said besides selling of the American currency by exporters and banks, a higher opening in domestic...
  • It's official: India is fastest growing big economy February 9, 2015

    New Delhi: Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. It marks a dramatic turnaround for an economy that a...
  • Automation to cause temporary replacement of jobs: Vishal Sikka January 21, 2015

    Davos: As companies are moving towards automation, Infosys CEO Vishal Sikka on Wednesday said that there would be temporary replacement of jobs and lower IT costs. Sikka, who was speaking as a panelist in a session on 'Inclusive Growth in the Digital Age' at the World Economic Forum, said that...
  • 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...
  • Public interest should be far more important than public ownership, says Suresh Prabhu January 18, 2015

    Speaking at the Act for Growth Meet celebrating 10 years of CNBC Awaaz, Union Railways Minister Suresh Prabhu on Saturday said that the public ownership is for public interest so, if the public interest can be served without having public ownership, public interest should be far more important. ...
  • There was no focus on manufacturing in last 5 years, says Arun Jaitley January 18, 2015

    Finance Minister Arun Jaitley on Saturday addressed 'Act for Growth Meet'. ...
  • India will become a country of opportunities, says PM Modi January 16, 2015

    New Delhi: India will become a country of opportunities and the government is committed to achieving the fiscal deficit target, said Prime Minister Narendra Modi on Friday. Speaking at the ET Global Business Summit in New Delhi, Modi said the New Age India has also begun its transition from a winter...
  • RBI rate cut decision 'turning point', will boost growth: Arun Jaitley January 16, 2015

    New Delhi: Finance Minister Arun Jaitley on Friday described the decision of RBI to cut key policy rate by 0.25 per cent as an "important turning point" and hoped it would engender faster growth. "After two years that interest rates are going to move downwards and...
  • 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...
  • World Bank projects 6.4 per cent economic growth in India in 2015 January 11, 2015

    Gandhinagar: Indian economy is likely to grow at 6.4 per cent in 2015 and accelerate further in the next year on the back of steps being taken by the Narendra Modi-led NDA government, World Bank President Jim Yong Kim said on Sunday. Speaking at the...