GDP

  • India will grow at 7.8% in 2015-16; surpass China: ADB 3 days ago

    New Delhi: India is all set to overtake China's growth rate by clocking 7.8 per cent GDP in 2015-16 and 8.2 per cent during the following fiscal on the back of structural reforms and government's "pro-investment" attitude, Asian Development Bank said on Tuesday. "India is expected to grow faster than China...
  • Former President Kalam urges support for manufacturing sector 4 days ago

    Mumbai: Former President APJ Abdul Kalam supported the Modi government's 'Make In India' campaign on Monday by urging the industry as well as the government to increase focus on the manufacturing sector. "We should focus on the manufacturing sector which has been recognised as an engine for economic growth," Kalam said. "Biomedical...
  • India's economy likely to grow 8 pc in next fiscal: Report 6 days ago

    Mumbai: The country's economy is likely to clock 8 per cent growth in the next financial year and 8.3 per cent in 2016-17, says a report. "India is the only BRIC country, where growth will accelerate, to 8 per cent in FY16 and 8.3 per cent in FY17, based on...
  • India's GDP to grow at 8.3 pc in FY'17: HSBC 6 days ago

    New Delhi: Stars are "gradually aligning" for the Indian economy and it is expected to clock a growth rate of 7.4 per cent in the current financial year, which is likely to improve further to 8.3 per cent by 2016-17, says an HSBC report. According to the global financial services...
  • India's GDP growth will be 7.5 per cent in 2015: Arun Jaitley March 14, 2015

    London: Noting that India is emerging as one of the fastest growing economies, Finance Minister Arun Jaitley has said that in 2015 the GDP growth rate will be 7.5 per cent and next year hopefully it would be higher. Launching the Union Bank of India (UK), a subsidiary of the Union...
  • China mocks India's democratic system March 12, 2015

    Beijing: Deriding India's democratic system, official Chinese media on Thursday defended ruling Communist Party's monopoly on power, saying if China had opted for democracy it would have become another India "where around 20 per cent of the world's poorest live". "Hindsight shows us that the Western political system, which is...
  • Indian healthcare is better but cheaper than anyone else in the world, say experts March 12, 2015

    CNN-IBN along with Apollo hospitals has embarked on a special health journey that focuses on diseases plaguing India and our healthcare system. ...
  • China lowers 2015 GDP growth target to 7 per cent, lowest since 1990 March 5, 2015

    Beijing: China has budgeted for a national fiscal deficit of 1.62 trillion yuan ($258 billion) in 2015, the Ministry of Finance said on Thursday in its work plan unveiled at the annual parliament meeting. The government aims for 2015's deficit to be equivalent to 2.3 per cent of gross domestic product...
  • PM Modi pitches for innovation in I-T sector for economic progress March 2, 2015

    Prime Minister Narendra Modi emphasised on the importance of innovation in the I-T sector for national economic progress. Addressing the silver jubilee of the The National Association of Software and Services companies in the national capital, Modi said, "Connectivity is one of the factors which affects GDP. Better and faster...
  • Arun Jaitley's Budget aims growth first, gives big bang reforms a miss, fiscal deficit cut to wait February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday announced a budget that put boosting growth before painful reforms, slowing the pace of fiscal deficit cuts and seeking to put domestic and foreign capital to work. In his first full-year budget since Prime Minister Narendra Modi's landslide election victory in May 2014,...
  • GDP in 2015-16 to be 8-8.5%; double-digit growth soon, says Arun Jaitley February 28, 2015

    New Delhi: Finance Minister Arun Jaitley on Saturday said growth in the next financial year will rise to 8-8.5 per cent and clock double-digit level in the subsequent years. "Growth in 2015-16 is expected to be between 8-8.5 per cent. Aiming for a double digit rate seems feasible very soon," he...
  • India must grow, fulfil reform promise for rating upgrade: S&P February 24, 2015

    Mumbai: India must boost growth, cut its fiscal deficit and fulfil promises of financial and fiscal reforms in order to justify an upgrade in a credit rating, currently lodged one rung above junk bond territory, rating agency Standard & Poor's said on Monday. S&P raised India's credit rating outlook to 'stable'...
  • Budget must create employment, induce demand and investments: PHD Chamber February 18, 2015

    New Delhi: While complimenting the Narendra Modi government for big-bang reform announcements, President of PHD Chamber of Commerce and Industry Alok B Shriram said that the forthcoming Union Budget 2015-16 is being formulated in a benign macro-economic environment at domestic and international level after many years. The economy is looking...
  • Airtel, Vodafone and two others apply for spectrum auction February 16, 2015

    New Delhi: Four telecom operators Bharti Airtel, Vodafone, Uninor and Aircel have submitted applications for participating in the upcoming spectrum auction, scheduled to start from March 4. Monday is the last day to submit the applications. Most of the spectrum being put up for the auction is presently held by Airtel,...
  • 2015-16 Budget to assume growth of 8-plus per cent: source February 16, 2015

    New Delhi: Revisions to economic output data mean that Finance Minister Arun Jaitley's upcoming Budget should assume that the economy will grow by at least 8 per cent in the 2015-16 fiscal year, a government source said. India has changed the way it measures economic activity to conform with international standards,...
  • Falling oil prices shrink trade deficit to 11-month low February 14, 2015

    New Delhi: Trade deficit narrowed to an 11-month low in January, helped by a plunge in global oil prices, bolstering the outlook for India's current account balance as well as the rupee. But in a worrying sign, weak global demand led to a second straight annual fall in merchandise exports. Exports...
  • Trick or treat? India's strong GDP figures mask economic reality February 11, 2015

    Mumbai: For business, the government and the Reserve Bank of India, data revisions that have transformed India's $2.1 trillion economy into one of the world's fastest growing are too good to be true. Now, the search is on for reliable indicators of underlying activity, vital for Finance Minister Arun Jaitley as...
  • Bullet News: Catch the day's top stories February 9, 2015

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • India @ 9 with Zakka Jacob February 9, 2015

    Catch the day's top stories with Zakka Jacob on India @ 9. ...
  • News 360: Eight people arrested in Rohtak rape-murder case February 9, 2015

    Eight people, including one of Nepali origin, have been arrested in the rape and murder of a mentally-challenged woman in Rohtak. ...
  • It's official: India is fastest growing big economy February 9, 2015

    New Delhi: Taken at face value, India on Monday became the fastest growing major economy in the world after its statisticians changed the way they measure Asia's third-largest economy and showed it clocked faster growth than China in the December quarter. It marks a dramatic turnaround for an economy that a...
  • India pegs 2014/15 growth at 7.4%; GDP grows 7.5 % y/y in December-quarter February 9, 2015

    New Delhi: The Central government on Monday forecast annual economic growth to accelerate to 7.4 per cent in the fiscal year ending in March 2015 after Asia's third-largest economy grew 7.5 per cent in the quarter to end-December. The latest estimate compares with a revised 6.9 per cent growth a year...
  • RBI Governor Raghuram Rajan keeps repo rates unchanged in the policy review February 3, 2015

    RBI Governor Raghuram Rajan has kept repo rates unchanged in the policy review. RBI says GDP growth is likely to rise to 6.5 per cent by 2016. Inflation will be at 6 per cent by January 2016. Sources say RBI may choose to announce a rate cut only after budget...
  • GDP base year revision may help government contain fiscal deficit January 29, 2015

    New Delhi: A new series of national accounts with 2011-12 as base year for computing economic growth rate will be released on Friday, which may provide some cushion to government struggling to meet fiscal deficit target. With the revision of base year, the size of economy is expected to bigger...
  • Railway finances in 'deep trouble': Suresh Prabhu January 17, 2015

    New Delhi: Railway finances are in "deep trouble", according to Railway Minister Suresh Prabhu who observed that the government behemoth has been caught in a "vicious circle" of poor investments compromising its services. Pitching for increased investment into the Railways, he said the Pension Fund could be one of the possible...
  • Slow growth in global trade, says World Bank January 8, 2015

    Washington: In the aftermath of the economic crisis, there has been slow growth in global trade, the World Bank has said. In the year 2012 and 2013, the global trade expanded by less than 3.5 per cent, which is well below the pre-crisis average annual rate of seven per cent,...
  • Arvind Pangariya will work hard to improve country's economy, says his brother January 7, 2015

    Columbia University professor Arvind Panagariya's appointment as the Vice Chairman of the NITI Aayog means he'll be home after 40 years. His family says he will work hard to improve India's economy and boost growth across the country. His brother said, "Overwhelmed at my brother's appointment as Vice Chairman of...
  • China builds world's largest coal mine gas unit to make power January 2, 2015

    Beijing: China has built the world's largest facility to turn excess methane gas from coal mines into electricity, which could help the communist giant reduce its emissions. Lu'an Group which completed the facility at Shanxi Province in north China - said it would soon start operating the generator with a capacity...
  • Common man to benefit from GST; states to gain from Day 1, says Arun Jaitley December 22, 2014

    New Delhi: The proposed Goods and Services Tax (GST) will benefit most of the states from Day 1 and industries and common man also stand to gain, Finance Minister Arun Jaitley said on Monday. Speaking at the meeting of the Parliamentary Consultative Committee attached to...
  • India's 2014-15 GDP growth seen at around 5.5 per cent December 19, 2014

    New Delhi: India's economy is expected to grow at around 5.5 per cent in the fiscal year to March 2015, the Finance Ministry said in a report tabled in Parliament on Friday. If the forecast materialises, it would mark an improvement from two successive years of below 5 per cent growth. The...