Growth

  • We need to be more realistic, says businessman on Modi's China remark 5 hours 31 minutes ago

    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. ...
  • Modi-Xi meet: Can strategic divergence meet economic convergence? 4 days ago

    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 4 days ago

    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 2013-14, says CM Jayalalithaa 6 days ago

    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 2013-14 from 3.39 per cent in 2012-13. Refuting the charges by the parties linking poor performance...
  • August WPI inflation dips to 3.74 pc, lowest in 5 years 6 days ago

    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 five-year 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 de-regulate diesel prices 6 days ago

    Mumbai:Even as the government is continuing with a phased de-regulation of diesel prices, RBI Governor Raghuram Rajan has urged the Centre to completely de-regulate diesel prices. Rajan on Monday said diesel price de-regulation is especially important in the wake of rising global crude oil prices. "De-regulation will empower state-owned oil firms...
  • Indian Institute of Advanced Study to research on Indian tradition 1 week ago

    Shimla: Indian Institute of Advanced Study (IIAS), country's premier research institute, will take up new research projects on Indian traditions and its multi-culture components in the coming years. "The institute is the most appropriate place for initiating new research projects on Indian traditions and its multi-culture 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 2014-19 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 2014-2019. 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 50-70 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 2013-14: Chidambaram August 30, 2014

    New Delhi: In response to the first quarter growth figures being the highest its been in two-and-a-half 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...
  • April-June 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 April-June quarter of 2014-15. 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. ...
  • 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 slower-than-expected 3.4 per cent year-on-year 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 year-on-year in May. Meanwhile, consumer price inflation accelerated to a two-month 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 status-quo 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 long-term 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 US-India partnership brings to Asia and to the...
  • India likely to grow at 6 per cent in 2014-15: Harvard professor July 23, 2014

    New Delhi: The Indian economy is likely to grow at six per cent in 2014-15 and if the new government delivers on its promise of good governance, reversion to a growth rate of around 7-8 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 rebel-held...
  • GDP growth to improve this fiscal, says Arun Jaitley July 18, 2014

    New Delhi: India's economic growth is expected to improve during the current fiscal from 4.7 per cent in 2013-14, helped by a revival in industrial growth, improved fiscal health and external economic situation, Parliament was informed on Friday. The Economic Survey 2013-14 tabled in the Lok Sabha early this month had...
  • UK lauds India's efforts to reduce poverty, stress on growth July 18, 2014

    London: The British government has appreciated India's fast movement towards reduction of poverty with "inclusiveness" and said Prime Minister Narendra Modi's stress on investment in growth and infrastructure was "encouraging". Applauding India's efforts to alleviate poverty, Baroness Northover, government's spokesperson on international development, told the House of Lords on Thursday that...
  • Budget modestly credit positive for India: Moody's July 14, 2014

    New Delhi: Rating agency Moody's on Monday said the budget 2014-15 has outlined steps to support faster economic growth, but absence of detailed implementation plan makes it modestly credit positive for India. "Unless the budget is followed by a more specific implementation plan, as well as additional measures to address macroeconomic...
  • Efforts on to boost tourism, economy in Jammu and Kashmir: Omar July 12, 2014

    Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah has said that initiatives have been undertaken to make tourism attractive for investors in the state and also to enhance economic growth. "Pilgrim, adventure, sport and other related tourism is being encouraged to develop along with the growth of conventional tourism," he...
  • IIP growth in May at highest since October 2013 July 11, 2014

    New Delhi: The Index of Industrial Production (IIP) for the month of May came in at 4.7 per cent versus 3.4 percent month-on-month. This is against CNBC-TV18 poll at 3.76 per cent. The factory output in May is at a 19-month high - highest since October 2012. Electricity sector...
  • Foreign brokerages hail Budget as growth, reforms-oriented July 11, 2014

    Mumbai: Analysts at foreign brokerages have lauded Finance Minster Arun Jaitley's maiden Budget saying the measures announced will boost growth as it has ushered in the much-needed reforms and has created a conducive investment climate. Japanese brokerage Nomura president and chief executive Vikas Sharma, said this is a Budget that...