Mumbai: Ratings agency Standard & Poor's affirmed India's sovereign rating at 'BBB-minus' with a 'negative' outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months, a statement said on Friday.
S&P said the government's ability to prop up investment growth remained uncertain.
The ratings agency, however, said there was scope to upgrade the sovereign ratings if the government unleashes public and private investments to spur economic growth.
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04:12 PM, May 17, 2013
Frankfurt: The Reserve Bank of India will take note of falling inflation when discussing potential interest rate cuts, the central bank's Governor Duvvuri Subbarao said on Tuesday, adding he was very happy about the falling inflation. Asked about potential interest rate cuts in light of falling inflation, Subbarao said they would be taken into account and in future central bankers "will take note of softening inflation." The headline wholesale inflation...
04:46 AM, May 15, 2013
New Delhi: The Reserve Bank may cut the benchmark short-term lending rate by about 0.25 per cent in its annual monetary policy in May in the backdrop of declining inflation and the urgency to promote growth, say economists. "Right now conditions should enable the RBI to cut repo rate. We expect a cut of 25 basis points (or 0.25 per cent) in its policy in May and may be by...
11:30 AM, Apr 21, 2013
New Delhi: Even as he described the industrial growth figure for February as "very low", Planning Commission Deputy Chairman Montek Singh Ahluwalia took heart that it was not in the negative, and expressed confidence that India's economic growth would be higher in the current fiscal. "I think it (IIP growth in February) is consistent to what we have been saying that 2012-13 was not a good year and (the economic...
04:03 PM, Apr 12, 2013
New Delhi: After Prime Minister Manmohan Singh, now Congress Vice President Rahul Gandhi will spell out the government's reforms roadmap in his first interaction with business leaders at the annual general meeting of industry body Confederation of Indian Industry (CII) on Thursday. This is being seen as a move to counter Gujarat Chief Minister Narendra Modi as Rahul Gandhi has been trying to woo the business community as well. Rahul...
08:25 AM, Apr 04, 2013
The Indian economy is facing a temporary downturn, and average rates of economic growth above 8 per cent are possible in the medium term, Prime Minister Manmohan Singh told a gathering of the nation's top businessmen on Wednesday. ...
11:18 AM, Apr 03, 2013
Chinese Premier Li Keqiang said on Sunday ensuring economic growth was the top priority for his government, pledging to fight graft, tackle vested interests and calling for an end to a cyber-hacking row with the United States. ...
12:49 AM, Mar 18, 2013
Morgan Stanley and HSBC each cut their India's economic growth forecasts for 2013/14 to 6.0 per cent from 6.2 per cent to reflect lower-than-expected growth in the October-December quarter. ...
10:49 AM, Mar 13, 2013
The economic outlook in major industrialised economies is improving with the United States and Japan leading the way, the OECD said on Monday, adding that activity in the euro zone was also picking up. ...
03:55 AM, Mar 12, 2013
Car sales in India slumped an annual 25.7 per cent in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide, an industry body said on Monday, as sluggish economic growth continues to weigh on demand in the once-booming market. ...
11:02 AM, Mar 11, 2013
India's slowest economic growth in a decade could be even worse than anticipated, as preliminary data released in February showed the economy appears to have grown 5.0 per cent in the fiscal year that ends this month - lower than both the RBI and finance minister's forecasts - underscoring the urgent need for reforms to boost growth. ...
12:15 PM, Mar 07, 2013
The Reserve Bank on Monday said there is a limited scope for easing of monetary policy over the next few months as there is a risk of inflation escalation as well as concerns over fiscal and current account deficits. "There is room for monetary easing over the next few months, but that room is limited because of the outlook for inflation and outlook for growth," RBI Governor D Subbarao told...
07:10 PM, Feb 18, 2013
Mukesh Ambani exudes optimism over India's long-term growth, says a billion aspirations will ensure prosperity. ...
08:52 AM, Feb 11, 2013
Disputing the Central Statistical Organisation growth figures that ignored signs of turnaround, Finance Minister P Chidambaram on Saturday exuded confidence that economy would clock a higher 5.5 per cent growth in the current fiscal and 6-7 per cent in 2013-14. ...
10:47 PM, Feb 09, 2013
The Indian government has taken a number of measures and effectively put in place "single-window clearance" mechanism to make the country a manufacturing hub in the next 10 years, Commerce and Industry Minister Anand Sharma said on Sunday. ...
12:11 AM, Jan 28, 2013
The World Bank has asked the developing countries like India and Brazil to safeguard their economic growth, given that the world economy remains fragile and growth in high-income countries is weak four years after the onset of the global financial crisis. Developing countries need to focus on raising the growth potential of their economies, while strengthening buffers to deal with risks from the euro area and fiscal policy in the...
11:37 AM, Jan 16, 2013
Emerging markets ended 2012 with a modest acceleration in economic growth thanks to a pick-up in manufacturing activity that hints at further improvement in coming months, a survey found on January 10. All four big BRIC economies posted a rise in economic activity in the last quarter of 2012, with Chinese manufacturing returning to growth for the first time in 18 months, according to HSBC's emerging markets index (EMI). ...
12:07 PM, Jan 10, 2013
Finance Minister P Chidambaram on Thursday said investment in manufacturing and services sectors needed to be revived for creating jobs and accelerating economic growth. ...
02:24 AM, Jan 04, 2013
New Delhi: Exhorting medical fraternity to constantly strive towards working for the poor, former President APJ Abdul Kalam on Thursday sought more research in the medicine especially in finding a cure for AIDS and for creating low cost healthcare. Delivering Annual Oration Lecture at Maulana Azad Medical College, Kalam stressed on the need to reach out to rural areas and bring in modern technological advances which will help doctors in...
04:07 AM, Dec 21, 2012
New Delhi: The Manmohan model has unleashed India's growth story and shown the world that the country can achieve over nine per cent growth rate, Finance Minister P Chidambaram said on Tuesday. Dismissing allegations that Manmohan-Chidambaram model was responsible for economic slowdown, the Minister told CPI leader Gurudas Dasgupta, "Please do not equate me with the Prime Minister. The Prime Minister is a distinguished economist. I am not. The PM...
09:26 PM, Dec 18, 2012
