GROWTH

  • PM Modi pitches for innovation in I-T sector for economic progress 16 hours 42 minutes ago

    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 Yesterday

    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 Yesterday

    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 2 days ago

    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,...
  • Unoin Budget 2015: Finance Minister done a great job of reviewing economy, says Suresh Prabhu 2 days ago

    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 2 days ago

    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 3 days ago

    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 3 days ago

    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 6 days ago

    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...
  • Perks in India Inc get fancy; top talent gets iPhones, Mercedes cars January 11, 2015

    New Delhi: When it comes to rewarding top performing employees, many large corporates are giving out expensive gifts such as latest iPhones, Mercs, flats and jewellery a trend started by a little-known diamond firm in Gujarat a few months back. Last Diwali, Surat-based Hari Krishna Exports created a flutter by announcing...
  • Global slow growth opportunity for India, says Arun Jaitley January 7, 2015

    Kolkata: Observing that India needs to create an environment for cyclic investments and ease norms of doing business, Union Finance Minister Arun Jaitley on Wednesday pointed to the ongoing global slow growth as an opportunity for the country as investors are eyeing its market. If the Union Minister, during his address...
  • Arvind Pangariya will work hard to improve country's economy, says his brother January 7, 2015

    Columbia University professor Arvind Panagariya's appointment as the Vice Chairman of the NITI Aayog means he'll be home after 40 years. His family says he will work hard to improve India's economy and boost growth across the country. His brother said, "Overwhelmed at my brother's appointment as Vice Chairman of...
  • Higher excise duty to hit demand, industrial growth: Assocham December 31, 2014

    New Delhi: Industry body Assocham on Wednesday said that the withdrawal of excise duty concessions for cars and durable goods will spell a death knell for the industrial growth and the decision was not in the spirit of Make in India. "At a time when manufacturing output has been declining...
  • RBI pitches for structural reforms; sees 6 per cent inflation in 2015 December 29, 2014

    Mumbai: Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 per cent level in 2015. The central bank, however, flagged lower revenue mobilisation this fiscal as a...
  • 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...
  • Third-quarter US economic growth strongest in 11 years December 24, 2014

    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 December 21, 2014

    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 December 20, 2014

    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...