ECONOMIC ADVISORY COUNCIL

  • Current Account Deficit to be much lower than initial forecast, says FM October 3, 2013

    New Delhi: Buoyed by betterthanexpected Q1 current account deficit (CAD) numbers, Finance Minister P Chidambaram said he is confident of closing the fiscal with a better set of numbers than initially projected. The minister also said economic growth closer to 5.5 per cent should be considered very satisfactory and that there...
  • There is no case for India's rating dowgrade, says PM's economic advisor September 13, 2013

    Government has already taken a host of reform measures and there is no case for any downgrade of India's sovereign rating by global agencies, Prime Minister's key economic advisor C Rangarajan said on Friday. "The rating agencies have been talking about the reforms having been put on the back burner. But...
  • President confident of 78 pc growth rate in 23 years April 23, 2013

    New Delhi: President Pranab Mukherjee on Tuesday expressed confidence that the economy will return to higher growth path of 78 per cent in next two to three years and pitched for revitalising investments in the country. "We are confident that we will return to 78 per cent growth bracket in...
  • 'GDP growth in 2013/14 seen at 6.4 per cent' April 23, 2013

    New Delhi: Improvement in performance of agriculture and manufacturing sectors is expected to push the economic growth rate to 6.4 per cent in 201314 from 5 per cent in the previous fiscal, PM's economic advisory panel said on Tuesday . "Economy will grow at higher rate from now. We projected...
  • Budget measures will help in 6.5 pc economic growth: Rangarajan February 28, 2013

    New Delhi: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 per cent in the next fiscal year. "I welcome the budget...I believe that all of this measures...
  • Diesel price hike likely in 2 months: Rangarajan August 21, 2012

    New Delhi: To add to the woes of the common man who is already reeling under rising prices and blinding inflation, the government has pitched in with a diesel price hike that is likely to come into effect in two months. Prime Minister's Economic Advisory Council Chairman C Rangarajan has said...
  • India will grow at 6.7 pc in FY13: PM economic panel August 17, 2012

    New Delhi: The Indian economy is likely to grow at 6.7 per cent in the current fiscal year, C Rangarajan, chairman of the PM's economic advisory council (PMEAC) told reporters during the midyear economic outlook on Friday. The PMEAC has also pegged the inflation between 6.5 and 7 per cent. In...
  • 'Government determined to contain fiscal deficit' June 29, 2012

    Kolkata: The Centre is determined to contain fiscal deficit to spur economic growth and will take action in this regard, the chairman of the Prime Minister's Economic Advisory Council, C Rangarajan, on Friday said. "There is a debate between austerity and growth and we have made up our mind to contain...
  • IIP figures are very disappointing: C Rangarajan May 11, 2012

    India's industrial output unexpectedly contracted 3.5 per cent in March from a year earlier, government data showed on Friday. ...
  • Govt should consider diesel deregulation: Rangarajan March 28, 2012

    New Delhi: Prime Minister's Economic Advisory Council Chairman C Rangarajan said that the government should consider decontrolling diesel prices to keep petroleum subsides at the budgetary level. "I think some action will be required on diesel deregulation in order to keep petroleum subsides at the budgetary level," said PMEAC chairman Rangarajan. "Some...
  • Panel projects 7.58 pc growth rate for 201213 February 22, 2012

    New Delhi: The Prime Minister's economic advisory panel on Wednesday projected 7.5 8 per cent growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable. "We might be able to achieve 8 per cent growth on our esteem......
  • Highlights of India's economic review February 21, 2011

    New Delhi: Highlights of the latest review by the Prime Minister's Economic Advisory Council headed by former Reserve Bank governor C. Rangarajan, barely a week ahead of the presentation of the federal budget: Economy expected to grow at 8.6 per cent in 201011 and 9 percent next fiscal Agriculture expected to grow...
  • India to grow at 7.2 percent: PM's council February 19, 2010

    New Delhi: Advocating caution while withdrawing fiscal stimuli, the Prime Minister's Economic Advisory Council on Friday pegged India's growth for this fiscal at 7.2 percent, accelerating to 8.2 percent and 9 percent, respectively, in the next two years. In its review of the Indian economy presented to Prime Minister Manmohan Singh,...
  • Inflation rises to 1.21 per cent October 22, 2009

    New Delhi: Inflation has risen to 1.21 per cent for the week ended October 10 from 0.92 per cent in the previous week. The Prime Minister's economic advisory panel had on Wednesday, October 21, 2009 said that inflation may cross the six per cent mark by the end of this fiscal...
  • Economy to grow by 6.5 pc, forecasts PM's panel October 21, 2009

    New Delhi: The economy is likely to grow by 6.5 percent in 2009/10 with inflation at around 6 percent by the end of March 2010, a government panel said on Wednesday. The Prime Minister's economic advisory council also forecast a consolidated fiscal deficit, which includes shortfalls at the state level, of...
  • Budget reax: PM happy | India Inc not | Opposition upset February 16, 2009

    Prime Minister Manmohan Singh Monday hailed the interim budget as a 'fine balancing act', and said it will stimulate growth for the country in these difficult times. Most opposition parties, including the Bharatiya Janata Party (BJP) and the Left, on Monday said that the interim budget presented by External Affairs...
  • PM approves Interim Budget for presentation on Monday February 15, 2009

    New Delhi: Prime Minister Manmohan Singh on Sunday went through the documents related with the Interim Budget that will be presented in Parliament on Monday, and after the approval of the house forwarded to President Pratibha Patil for her assent, as per convention. The Prime Minister also formally approved the speech...
  • Economic Advisory Panel presents grim growth report August 13, 2008

    New Delhi The news on the economic front is grim. The Prime Minister 's Economic Advisory Council (EAC) has cut India's GDP growth estimate to 7.7 per cent for the year 20082009. The EAC says growth will suffer due to steps taken to tackle inflation, which could cross 12 per cent. However,...
  • Inflation, India's biggest worry for 200809 January 17, 2008

    New Delhi: A slowdown among developed economies may not have a major impact on India but pressures from high oil and food prices would make managing inflation a challenge in 2008/09, a top government panel said. Slowing of the US economy has worried investors and policymakers and concerns have...