Indian Economy

  • India's GDP to rebound to over 7 pc in 2-3 years: Arvind Mayaram 1 hour 57 minutes ago

    Cairns: India is following economic growth inducing policies and is confident that the GDP will rebound to over 7 per cent in 2-3 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...
  • Modi-Xi meet: Can strategic divergence meet economic convergence? Yesterday

    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...
  • Modi government created favourable atmosphere for India, says President 2 days ago

    Ho Chi Minh City: President Pranab Mukherjee on Tuesday had some words of praise for the new Indian government as he credited it for not only initiating steps to bring the economy on a better path but also for creating a "favourable" atmosphere for India across the globe. The President, who...
  • Modi government's efforts led to decline in inflation, says BJP 3 days ago

    New Delhi: BJP on Monday credited the initiatives taken by Narendra Modi government for the decline in inflation and said it was committed to bring down prices and help improve the country's economy to make the life of the common man easy. The party said that its government has taken...
  • 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...
  • Indian economy to grow 5.6 pc in 2014: UNCTAD September 10, 2014

    New Delhi: The Indian economy will grow at a rate of 5.6 per cent in 2014 while developing economies as a whole will see between 4.5-5 per cent rise in economic expansion, a report by United Nations body UNCTAD said on Wednesday. The UNCTAD Trade and Development report 2015 forecasts...
  • India committed to bring back growth: Sushma Swaraj September 6, 2014

    Manama: India is firmly committed to bring back growth and have clear policies, which will facilitate business environment, transparency and speed, External Affairs Minister Sushma Swaraj said on Saturday. "The result is there before you in just 100 days: GDP growth is showing early signs of recovery. Indian economy has bounced...
  • India slips to 71st rank in global competitiveness list September 3, 2014

    Geneva/New Delhi: Weighed down by challenging economic conditions for most part of the past year, India has slipped to the 71st position -- the lowest among BRICS countries -- in an annual global competitiveness list, where Switzerland remains on top. The annual list, released on Wednesday by Geneva-based World Economic...
  • India @ 9 with Bhupendra Chaubey September 2, 2014

    Catch the day's top stories with Bhupendra Chaubey on India @ 9. ...
  • 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...
  • 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...
  • India needs high quality governance, says Arun Jaitley August 24, 2014

    Kolkata: Observing that India needs to learn from international best practices in governance, Finance Minister Arun Jaitley on Sunday called the corporate sector to utilise opportunities that beckon India's economy. Addressing a function here where he presented the 13th ICSI National Awards for Excellence in Corporate Governance to Companies and Company...
  • Rupee rises nine paise to 1-week high of 61.08 vs US dollar August 14, 2014

    Mumbai: The Indian rupee on Thursday rose by nine paise to end at one-week high of 61.08 against the greenback on fresh dollar selling by banks and exporters. The rupee resumed steady at 61.17 per dollar and hovered in a range of 61.07 and 61.22 per dollar before ending at 61.08...
  • Nifty marks second consecutive weekly fall on geopolitical concerns August 8, 2014

    Mumbai: The Nifty fell more than 1 per cent on Friday, marking its second consecutive weekly decline, as blue-chips such as Larsen & Toubro slumped on global risk aversion after US President Barack Obama authorised targeted air strikes in Iraq. The broader Nifty provisionally lost 1.05 per cent, its third straight...
  • Gold gains Rs 110 on festive season demand, global cues August 6, 2014

    New Delhi: Gold prices jumped by Rs 110 to Rs 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides, depreciating rupee which fell to almost five-month low of Rs 61.41 (intra-day) against the US dollar, making imports costlier, influenced gold prices. However, silver...
  • Sensex jumps over 200 points, tech shares up August 4, 2014

    Mumbai: The BSE Sensex jumps over 200 points and the Nifty is trading 1 per cent higher, heading for their first winning session in three. Technology stocks lead on weaker rupee - Infosys Ltd surges 3.7 per cent. Lenders gain ahead of the RBI's policy review, due on Tuesday. State Bank of...
  • 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...
  • More steps will be taken to sustain economic recovery: Arun Jaitley July 18, 2014

    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 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...
  • 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...