Gdp

  • March WPI inflation hits three-month high of 5.70 per cent 15-04-2014 12:52 PM

    New Delhi: India's wholesale prices-based inflation accelerated to a three-month high of 5.70 per cent in March, driven up by increases in food and fuel costs, government data showed on Tuesday. The rise in the wholesale price index (WPI)compared with a 5.30 per cent jump forecast by economists in a...
  • India's growth likely to recover to 5.4 per cent in 2014: IMF 08-04-2014 06:58 PM

    Supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects, India's growth is expected to recover from 4.4 per cent in 2013 to 5.4 per cent in 2014, the IMF said on Tuesday. "India's growth is expected to recover from 4.4 per cent in...
  • Development economist laments India's poor economic growth 01-04-2014 09:32 PM

    Development economist Jean Dreze on Tuesday expressed concern over India's tardy economic growth, which lagged behind neighbours like Nepal and Bangladesh in vital sectors. Dreze was delivering the ninth I.G. Khan Memorial Lecture on "Hunger and the Indian Enigma" at the Kennedy Auditorium of Aligarh Muslim University. Referring to the...
  • RBI keeps Repo Rate unchanged at 8 pc, CRR at 4 pc 01-04-2014 11:09 AM

    New Delhi: The Reserve Bank of India maintained status quo in key rates on Tuesday, keeping the Repo Rate unchanged at 8 per cent and Cash Reserve Ratio at 4 per cent. The RBI also warned that failure to elect a stable government in the coming elections will accentuate "downside...
  • Executives likely to see 15 to 20 pc salary hikes this year 31-03-2014 02:08 PM

    New Delhi: With economic prospects looking better, executives are expected to see their pay packets increase as much as 20 per cent in the next financial, feel experts. Although the salary hikes could see significant variations across sectors, pharmaceutical and automobile industries are likely to see the maximum increases, HR...
  • With Rs 54030, Madhya Pradesh GDP growth ahead of other states 18-03-2014 05:39 PM

    Madhya Pradesh has surpassed all major states in the country in gross domestic product (GDP) growth this year, according to official sources in Bhopal. As per figures released by the Centre for 2013-14, Madhya Pradesh has registered 11.08 per cent GDP growth for the period, the sources said on Monday...
  • Economy will grow at 5.5 per cent in Q4, says C Rangarajan 14-03-2014 02:52 PM

    Country's economy is likely to grow at 5.5 per cent in the fourth quarter of the current fiscal on higher agriculture output and pick up in the manufacturing activities, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan said on Friday. "I see some greenshoots in Indian economy...In order to...
  • India economy to grow at 5.6 per cent in 2014-15: Report 06-03-2014 05:25 PM

    India is likely to grow by 5.6 per cent in 2014-15 against a projected growth of less than 5 per cent in the current fiscal, a report by India Ratings and Research has said. "The global economy in 2014 appears to be in a better shape than what it was...
  • Indian economy grows 4.7 per cent in October-December quarter 28-02-2014 07:48 PM

    The Indian economy grew 4.7 per cent in the third quarter of this financial year mainly due to improved performance in the agriculture and services sectors. The country's gross domestic product (GDP) had expanded 4.8 per cent in the July-September quarter and 4.4 per cent in April-June. Growth in the...
  • April-January fiscal deficit at $ 86 billion, crosses full year target 28-02-2014 04:46 PM

    India's fiscal deficit in the first ten months of the 2013-14 financial year crossed the target for the whole year, putting pressure on the finance minister of Asia's third-largest economy to cut spending ahead of an election. The fiscal deficit touched 5.33 trillion rupees during April-January, or 101.6 per cent...
  • India will see faster, more inclusive growth: President 24-02-2014 07:46 PM

    New Delhi: President Pranab Mukherjee said faster, more inclusive and sustainable growth is an "impending reality for India". "As the number of middle-class consumers continues to swell, the market is likely to become more attractive for global business," he said while addressing participants of the reunion of owner/president management programme...
  • CAD to come down to 2 per cent of GDP this fiscal: Rangarajan 23-02-2014 01:28 PM

    India's Current Account Deficit (CAD) is expected to be around two per cent of GDP during the current fiscal on the back of slackening imports and increased shipments, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said. "Several things have happened. Exports have picked up. Imports have come...
  • Chidambaram hits out at critics, says have pulled back economy 18-02-2014 12:47 PM

    Hitting out at critics of UPA's management of economy, Finance Minister P Chidambaram on Tuesday said the government has "pulled back" the economy from a difficult situation and put it back on a high growth path. Rejecting description of his interim Budget as populist, he said over the last couple...
  • Economic growth to cross 5 pc this financial year: PM 14-02-2014 08:59 PM

    New Delhi: Pinning hopes on the good monsoon and recent reforms, Prime Minister Manmohan Singh on Friday said economic growth will cross 5 per cent in the current financial year and accelerate further in the coming years. Addressing the Governors' Conference, Singh said the Indian economy, after many years of...
  • State's GDP to grow at 7.05 per cent in 2013-14: Survey 08-02-2014 08:39 AM

    Chhattisgarh is expected to grow at 7.05 per cent in 2013-14 fiscal, the state economic survey tabled in the assembly on Friday said. As per the survey, the state's per capita income is likely to attain the level of Rs 56,990 in 2013-14. Chief Minister Raman Singh, who also hold...
  • India's economic growth pegged at 4.9 pc in 2013-14 07-02-2014 09:18 PM

    New Delhi: India's economic growth rate in the current financial year has been estimated at 4.9 per cent, a faster pace than in the previous year, mainly on an improved performance in the agriculture and allied sectors. "The growth in GDP during 2013-14 is estimated at 4.9 per cent as...
  • Economic fundamentals strong, no cause for concern: Finance Ministry 27-01-2014 01:31 PM

    Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry on Monday said country's economic fundamentals are "very strong" and there is no cause for concern. "Current Account Deficit (CAD) is below USD 50 billion. Foreign exchange reserves are (at) all-time high....
  • India to have steady GDP growth in next 3 yrs, BRICS on rebound mode 24-01-2014 12:46 PM

    The global financial crisis, had hit the BRICS (Brazil, Russia, India, China and South Africa) economies, but these countries are likely to rebound, with India likely to clock "steady" GDP growth in next three years. According to leaders of these economies who were speaking at a session at the 44th...
  • Indian economy projected to grow at 5.35 per cent in 2014: UN 24-01-2014 11:49 AM

    India's economy is projected to grow at a slower-than-expected rate of 5.3 per cent this year, according to a United Nations report which said the country's slowdown may have bottomed out. The UN World Economic Situation and Prospects 2014 (WESP) report said a mild recovery in investment as well as...
  • Can India hope for a jobs upturn in 2014? 16-01-2014 02:01 PM

    January gets its name from Greek God Janus who has two faces; one looking forward and the other looking back. Since it is that time of the year, and given that job creation is India's most important challenge, it is as good an opportunity as any to reflect on 2013...
  • India's economy growth at over 6 per cent in 2014-15: World Bank 15-01-2014 01:15 PM

    The World Bank has projected India's economy will grow over 6 per cent in 2014-15 and 7.1 per cent by 2016-17 as global demand recovers and domestic investment increases. In China, growth is estimated to stay flat in 2014 at 7.7 per cent, slowing to 7.5 per cent for the...
  • China records weakest GDP growth in 2013 since 1999 06-01-2014 11:44 AM

    China's economy, the world's second largest, may have grown around 7.6 per cent in 2013, its weakest growth since 1999, with latest economic figures indicating sluggish economic activities in the last quarter. China's latest economic figures, especially the purchasing managers' index (PMI) in both factory activity and the services sector,...
  • China's $3 trillion local government debt stirs alarm 31-12-2013 03:41 PM

    Calls for China to accelerate financial reforms grew louder on Monday after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up that some analysts called alarming. The National Audit Office, China's state auditor, said in a report local governments had total outstanding debt of 17.9...
  • Lok Sabha election results a 'potential source of uncertainty', says Raghuram Rajan 30-12-2013 12:43 PM

    As the general elections draw closer, the Reserve Bank has warned that any political instability after May 2014, post-results, will drag the beleaguered economy further down, and that a stable new government would be desirable. "A potential additional source of uncertainty is the coming general elections. A stable new government...
  • Rajasthan's fiscal deficit worsened in Congress regime: Vasundhara Raje 24-12-2013 12:23 AM

    Newly-elected Rajasthan Chief Minister Vasundhara Raje on Monday asserted that improving the state's economy will be her top priority, saying fiscal situation had worsened in the previous Congress regime with the deficit touching 2.48 per cent of GDP in 2013-14. "Fiscal deficit was 6.6 per cent of gross domestic product...
  • Gold comes off all-time high, silver declines during 2013 22-12-2013 01:43 PM

    Gold slipped from its peak level and was poised to end 2013 below last year's closing price after the government increased customs duty to 10 per cent and imposed import restrictions to contain increasing demand for the precious metal. As of December 21, the price of 10 grams of gold...
  • Defeat of Congress may lead to higher fiscal deficit: Fitch 10-12-2013 02:45 PM

    Global rating agency Fitch on Tuesday expressed fear that the defeat of Congress in four of the five state Assembly elections could lead to higher fiscal deficit target as the government would be constrained to curb expenditure. "The setback faced by the Congress Party in state elections could potentially raise...
  • GDP grows better than expected, 4.8 per cent in September quarter 30-11-2013 04:28 PM

    An expansion in farm output and some infrastructure helped the economy recover slightly in the September quarter, but growth still hovered close to decade lows, tempering hopes of a sustained rebound ahead of elections due next year. September's figure of 4.8 per cent was the fourth successive quarter of economic...
  • Indian economy grows by 4.8 per cent in Q2 29-11-2013 07:40 PM

    New Delhi: After sluggish growth in the first quarter, Indian economy grew by 4.8 per cent in the second quarter this fiscal due to improved performance of farm, manufacturing, construction and services sectors. The country's gross domestic product (GDP) had expanded by 4.4 per cent in the April-June quarter of...
  • CAD to come down below 3 pc this fiscal: PMEAC 29-11-2013 02:23 PM

    Current Account Deficit (CAD) is likely to come down below 3 per cent of GDP in the current fiscal on the back of measures taken by government, PMEAC Chairman C Rangarajan said on Friday. He exuded confidence that the Indian economy will grow at 5.3 per cent in 2013-14. "In...