INDIAN ECONOMY

  • Indian trade policies delayed American export to India: USITC 3 days ago

    Washington: Restrictive Indian trade policies have delayed American export and investment to India, a USITC report has said with the US lawmakers asking the Narendra Modi government to address these significant areas of concern as both countries work to strengthen economic relations. "US exports to and investment in India would...
  • Common man to benefit from GST; states to gain from Day 1, says Arun Jaitley 3 days ago

    New Delhi: The proposed Goods and Services Tax (GST) will benefit most of the states from Day 1 and industries and common man also stand to gain, Finance Minister Arun Jaitley said on Monday. Speaking at the meeting of the Parliamentary Consultative Committee attached to...
  • Is the Indian economy on the path of good times? December 2, 2014

    The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. So now the question arises Is the Indian economy on the path of good times? ...
  • Sensex touches all time high on Friday November 28, 2014

    Markets touched all time high on Friday. Sensex and Nifty have gained 36 per cent and are among the best performing industries in the world among major markets. ...
  • 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...
  • Rupee falls to nine-month low of 62.03 vs dollar November 28, 2014

    Mumbai: Bucking the strong trend in stocks, the Indian rupee on Friday tumbled 16 paise to close at almost nine-month low of 62.03 against the greenback following sustained dollar demand from importers, including oil firms. The rupee was also under pressure after government data showed that fiscal deficit touched 89.6 per...
  • 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...
  • 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....
  • Rate cut by RBI will give 'good fillip' to economy, says Arun Jaitley November 17, 2014

    New Delhi: Pitching for a rate cut by RBI, Finance Minister Arun Jaitley on Monday said that lower cost of capital will give a "good fillip" to the economy. "I am quite clear in my mind that the cost of capital has to come down....
  • Inflation drops to 5-year low of 1.77 per cent, India Inc wants rate cut November 14, 2014

    New Delhi: Driven by softening prices of fuel and food items, the WPI inflation cooled to a five year low of 1.77 per cent in October raising hopes of rate cut by the Reserve Bank next month to boost economic growth. The decline in Wholesale Price Index (WPI) based inflation...
  • Rupee ends lower by 4 paise vs dollar at 61.55 November 13, 2014

    Mumbai: Paring its early gains, the rupee finished lower by 4 paise at 61.55 against the US dollar on renewed dollar demand from banks and importers. The rupee resumed higher at 61.46 per dollar as against last closing level of 61.51 at the Interbank Foreign Exchange (Forex) Market. However, it declined afterwards...
  • Sensex ends 68 points down; HPCL, BPCL slip 4-6 per cent on excise hike November 13, 2014

    Mumbai: The market has ended lower. The Sensex was down 68.26 points or at 27940.64 and the Nifty slipped 25.45 points at 8357.85. About 1334 shares advanced, 1716 shares declined and 105 shares were unchanged. Tata Power, Sesa Sterlite, ONGC, GAIL and Hero Moto were major laggards. On the gaining...
  • 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...
  • Rupee gains on foreign fund inflows November 12, 2014

    Mumbai: The rupee gained on Wednesday as heavy foreign fund buying of debt and equities boosted the local unit, but good demand for the greenback from state-run banks and caution ahead of retail inflation data prevented further gains. Foreign institutional investors have been buying both shares and debt in recent weeks,...
  • 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...
  • Rupee snaps 4-day fall, ends at 61.36 vs US dollar on strong stocks October 31, 2014

    Mumbai: Robust capital inflows and good show by local equities helped the Indian rupee today snap a four-day losing trend and end nine paise higher at 61.36 against the Greenback. Fresh dollar selling by exporters and some banks also aided the rupee rise while a strong dollar overseas after forecast-beating US...
  • Global brands imbibing Indian values to boost luxury consumption October 30, 2014

    New Delhi: Luxury seems to have found a new address in India with emerging cities and small towns contributing to nearly half of country's Ultra HNH segment. In other words, Luxury brands are finding new patrons from small towns who have both money as well as taste. This is an...
  • Rupee drops to 2-week low vs US dollar after Fed sticks to low rates October 30, 2014

    Mumbai: Moving in opposite direction to stocks, the rupee on Thursday fell for the fourth day, dipping 10 paise to close at two-week low of 61.45 against the Greenback after US Federal Reserve kept in place its plans to maintain record low interest rate for some more time. While the Fed's...
  • Rupee slips 2 paise Vs dollar, ends at 61.32 in dull trade October 28, 2014

    Mumbai: The rupee on Tuesday slipped further by two paise to close at 61.32 against the US dollar due to some demand for the American unit in a lacklustre trade. There was some dollar demand from importers, mainly oil refiners, as brent crude for December delivery was trading low near USD...
  • Bottlenecks need to be cleared to woo private investments: Arvind Subramanian October 24, 2014

    Washington: Acknowledging that private investment is stifled in India due to "lots of regulations" and also scarcity of coal and electricity, new Chief Economic Adviser Arvind Subramanian has said that removing these bottlenecks will be key to kick start growth in the country. "The Indian economy needs a couple of...
  • Sensex soars over 321 points to end at 26429.85; Nifty at 7879.40 October 20, 2014

    Mumbai: The BSE Sensex and Nifty rose more than 1 per cent on Monday to mark their biggest daily gain in more than one week after the government's energy reforms led to a rally in oil firms, while wins by Bhartiya Janta Party in Maharashtra and Haryana assembly polls raised...
  • MSMEs should get easier finance from banking system: BJP October 14, 2014

    New Delhi: Micro, Small and Medium Enterprises should get easier finance from the formal banking system, senior BJP leader Murali Manohar Joshi said on Tuesday. "Small and medium scale industries are doing 70 per cent production of the country. If they do not remain in good health, the country's economy...
  • Public sector still relevant to Indian economy: Hamid Ansari October 14, 2014

    New Delhi: Although it has seen "tremendous denigration" over the years, the public sector continues to be relevant to the Indian economy, Vice President Hamid Ansari said on Tuesday. "Unfortunately, over the years the Public Sector has seen tremendous denigration... We consciously opted for mixed economy (private and public sector)...
  • Indian economy to see better growth momentum October 8, 2014

    London: The Indian economy is projected to see a pick up in growth momentum while most of the other major economies are anticipated to see stable prospects, Paris-based think tank OECD said on Wednesday. Only India is anticipated to witness better growth momentum among the...
  • 'Private equity investments in India likely to touch USD 12 billion in 2014' September 28, 2014

    Port Louis (Mauritius): Private equity investment in India is likely to touch a staggering USD 12 billion in 2014 primarily on account of reform measures taken by the government at the Centre. In the first half of the year, private equity entities pumped in USD 6 billion in India. ...
  • India has potential to become a $5 trillion economy, says BJP MP Jayant Sinha September 26, 2014

    New York: Bullish on India story of development, BJP MP and former investment manager Jayant Sinha said the country has potential to become a USD 5 trillion economy and its stock market can generate USD 3 trillion of wealth in the next ten years. Sinha, who was here at the...
  • SC ruling on coal blocks likely to hit economy: India Inc September 24, 2014

    New Delhi: The Supreme Court's mass cancellation of coal block licences will cause serious supply disruptions and accentuate the power crisis, and is likely to impact the economy by jeopardising investments in the sector, India Inc said on Wednesday. "The decision taken by the Supreme Court to cancel all but four...
  • India's GDP to rebound to over 7 pc in 23 years: Arvind Mayaram September 18, 2014

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 23 years, Finance Secretary Arvind Mayaram said on Thursday while emphasising that business confidence is back. Making an intervention during the G20 Deputies Meeting, Mayaram said that the Indian...
  • 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...