Indian Economy

  • India likely to grow at 6 per cent in 2014-15: Harvard professor Yesterday

    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...
  • More steps will be taken to sustain economic recovery: Arun Jaitley 6 days ago

    New Delhi: Government on Friday blamed the "policy paralysis" and retro tax amendment of the previous UPA regime for the current economic woes and promised to take a series of steps besides the Budgetary provisions for sustainable growth amid indications of some recovery. Finance Minister Arun Jaitley spelt out his intentions...
  • GDP growth to improve this fiscal, says Arun Jaitley 6 days ago

    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...
  • June trade deficit touches 11-month high at $11.76 billion July 16, 2014

    New Delhi: The June trade deficit touched 11-month high to $ 11.76 billion against $ 11.23 billion (MoM) and $ 11.28 billion (Y-o-Y). Though the imports dipped slightly to $ 38.24 billion against $ 39.23 billion on a month on month basis, it grew 8.3 per cent on a year...
  • Budget 2014: Economic growth targeted, says Adi Godrej July 11, 2014

    Reacting to the Narendra Modi government's first budget, Godrej group chairman Adi Godrej said, "I think the middle class has been catered to very strongly in this budget. Not that the other consumers in India have been totally left out but it is certainly the budget which has been particularly...
  • Budget 2014: Main objective is to revive the economy, says Arun Jaitley July 10, 2014

    In his first post Budget interview to Lok Sabha TV, Finance Minister Arun Jaitley said, "Hope this budget leads to a revival of the economy without burdening the common man." ...
  • Budget 2014: This is not about UPA vs NDA, but about economy, says FM July 10, 2014

    New Delhi: Hours after delivering the Union Budget, Finance Minister Arun Jaitley on Thursday called its "a directional budget" adding that the government has laid down the roadmap and given relief to the common people. "Reasonable taxation is required for providing growth to manufacturing sector. People must have more money and...
  • Arun Jaitley set to present Modi government's maiden Budget today July 10, 2014

    New Delhi: The Narendra Modi government's maiden Budget will be presented in Parliament on Thursday by Finance Minister Arun Jaitley. With high expectations to meet, it remains to be seen whether the Budget will be a bitter pill for the common man in its bid to revive the economy. It is...
  • India @ 9 with Anubha Bhonsle July 9, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Economic Survey suggests economy was robust in UPA regime: Congress July 9, 2014

    New Delhi: On the eve of the Union Budget, Congress on Wednesday latched on to the Economic Survey in seeking to puncture government claims that it has inherited 'empty coffers' and a bad economy. Party spokesman Abhishek Singhvi quoted profusely from the highlights of the Survey presented to Parliament on Wednesday,...
  • Economic Survey presents realistic macro-economic picture: India Inc July 9, 2014

    New Delhi: Terming the Economic Survey 2013-14 as a "realistic" assessment of the current picture, India Inc on Wednesday hoped that the Budget will address key issues like infrastructure development and implement measures outlined in the document to revive growth. "The bold reform measures outlined in the Economic Survey need to...
  • Sensex tanks by over 300 points; capital goods, metals down July 11, 2014

    Mumbai: The benchmark Sensex on Wednesday fell 137.30 points to end at over one-week low of 25,444.81 on concerns highlighted by the Economic Survey and diminishing expectations from the Narendra Modi-led government in its maiden Union Budget on Thursday. Weakness in global equities also dampened the sentiment. "After slight disappointment from...
  • 'If I am FM: I will change the attitude of I-T officers' July 6, 2014

    If I were FM, I will take steps to change the attitude of assesses. The I-T officers should change their attitude and gain people's trust and confidence.A human touch will ensure better compliance. ...
  • Rajnath terms condition of Indian economy as 'serious', says it will take time to bring it back on track July 5, 2014

    Terming the condition of Indian economy as "serious", Union Home Minister Rajnath Singh on Saturday said though the new government is working to bring the situation back on track, it will take some time to do so. "The economy has derailed and its in a bad shape and serious condition. The...
  • Watch: Face to Face with Facebook COO Sheryl Sandberg July 2, 2014

    In an exclusive interview to CNBC TV18, Facebook COO Sheryl Sandberg discusses on host of issues, including the India growth story. ...
  • Sensex ends 103 points higher on pickup in manufacturing growth, auto sales July 1, 2014

    Mumbai: The benchmark Sensex on Tuesday rose for the third straight session and closed 103 points up at a two-week high on good buying in bluechips after an uptick in manufacturing sector growth and signs of pickup in auto sales. Maruti Suzuki, Tata Motors and Hindalco shares led the rally on...
  • Rupee gains most in over 10 days, ends at 60.07 vs US dollar July 1, 2014

    Mumbai: In line with rise in stocks, the rupee on Tuesday rose by 10 paise -- its biggest single-day rise in over ten days -- to end at 60.07 against the dollar after the government hiked fuel and LPG prices to ease subsidy burden. Fresh dollar selling by exporters...
  • Rupee recovers from one-week lows to end at 60.12 against US dollar June 25, 2014

    Mumbai: The rupee on Wednesday reversed early losses and ended one paisa higher at 60.12 against the US dollar as sales of the American currency by exporters, including IT firms, helped the local unit bounce back from one-week lows. At the Interbank Foreign Exchange (Forex) market, the local currency resumed lower...
  • Rupee eases two paise against US dollar to end at 60.20 June 23, 2014

    Mumbai: In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency, extending losses for the second straight session. At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced better...
  • India Inc sees GDP growth of 5-6 pc in FY15: Survey June 19, 2014

    Mumbai: As many as 81 per cent of Indian corporates believe the country's economy is likely to grow 5-6 per cent in the current financial year, says a survey. "India Inc expects the economy to grow between 5-6 per cent and rupee around 77 per cent to appreciate against the...
  • Expect agricultural reforms from the Modi government, says Arun Shourie June 17, 2014

    New Delhi: Senior Bharatiya Janata Party leader Arun Shourie has said that one can expect major agriculture reforms from the Narendra Modi government. In an exclusive interview to CNBC-TV18, Shourie talked about what he expects from Modi's government in the field of economy. He said that Modi government has to put...
  • Sensex loses 110 points, Nifty ends below 7650; Infosys up 3 pc June 11, 2014

    Mumbai: The market snapped four-day winning streak amid volatility on Wednesday on account of profit-taking. The broader indices underperformed benchmarks with the BSE Midcap and Smallcap indices falling 1 percent and 0.67 percent, respectively. The Sensex slipped 109.80 points to close at 25473.89 while the Nifty held 7600 level amid...
  • FM Arun Jaitley slams UPA government over economic situation June 10, 2014

    New Delhi: Government on Tuesday slammed the previous UPA regime saying it has left the country in a shambles with low growth and "elevated" poverty and vowed to resurrect the economy with a strong Prime Minister Narendra Modi at the helm. Finance Minister Arun Jaitley also sought to allay apprehensions on...
  • India poised to return to high growth path: OECD June 10, 2014

    New Delhi: India is poised to return to a high growth path while its BRIC peers Brazil, China and Russia are expected to record below-trend growth rates, an OECD report said on Tuesday. "CLIs (composite leading indicators) point to growth below trend in Brazil, China and Russia. Nevertheless, the CLI...
  • Economy expands 4.7 per cent in FY14, looks to Modi for rebound June 14, 2014

    India's economic growth picked up marginally from a decade low in the fiscal year ended March, but pro-business Narendra Modi's thumping victory in the recent general election has stoked optimism of an investment-led turnaround in the coming quarters. Asia's third-largest economy grew 4.7 per cent in 2013/14, slower than an official...
  • India's economic growth remains subdued at 4.7 pc in 2013-14 May 30, 2014

    New Delhi: India's economic growth remained subdued at 4.7 per cent in 2013-14 and at 4.6 per cent in the fourth quarter of the financial year, mainly due to a decline in manufacturing and mining output. The country's economy, or gross domestic product (GDP), had expanded at 4.5 per...
  • RSS not an economic fundamentalist, says Ram Madhav May 29, 2014

    New Delhi: The RSS is "not an economic fundamentalist", senior sangh leader Ram Madhav said on Thursday making it clear that the Narendra Modi government is free to take decisions for the good of the country including on FDI. The organisation said that its "broad line" is to protect the...
  • Arun Jaitley keen to meet state FMs to push GST May 28, 2014

    New Delhi: Keen to push the Goods and Services Tax (GST), Finance Minister Arun Jaitley on Wednesday expressed desire to hold an early meeting with the state finance ministers. He also asked revenue officials to appraise him of the developments on the GST through a separate presentation on the issue, sources...
  • Agenda for new government: Don't change for the sake of change May 28, 2014

    Following a resounding mandate, the world watches in anticipation as India gets ready to fulfill its true potential. The 15th Prime Minister of India, Shri Narendra Modi gets ready to assume office, at a time when national expectations are probably at its highest. It's a heightened sense of anticipation and...
  • Narendra Modi's economic ministers get cracking June 14, 2014

    New Delhi: Prime Minister Narendra Modi's crack team of economic ministers led by Arun Jaitley in finance from Tuesday began the Herculean task of arresting price rise, reviving investor confidence and boosting growth. Jaitley, who has also been given the Ministry of Corporate Affairs, pledged to contain the price rise,...