India Growth

  • India has potential to be largest economy: Sheryl Sandberg June 30, 2014

    Hyderabad: India, an emerging global economic power, has the potential to become the largest economy in the world, Facebook Chief Operating Officer (COO) Sheryl Sandberg said on Monday. Sandberg, who served as Chief of Staff for the US Treasury Department under President Bill Clinton, said the over USD 2 trillion Indian...
  • We had two continuous years of less than 5 per cent growth: Jaitley June 15, 2014

    Finance Minister Arun Jaitley, who is on a two day visit to Kashmir for security review meetings as Defence Minister, on Sunday said that "at this time, you will require to take some decisions to make sure that the economy is put back on the track." He also said that...
  • India's economic fundamentals remain strong: Manmohan Singh October 10, 2013

    New Delhi: Prime Minister Dr Manmohan Singh maintains that the Indian economy is still doing better. Dr.Singh, who is in Indonesia to attend the ASEAN meet, spoke to an Indonesian newspaper 'Kompas'. Following are the excerpts from the interview. What about sluggish performance of Indian economy? If you leave aside last...
  • IMF lowers India's growth projections to 3.8 percent October 9, 2013

    Washington:With the world economy entering yet another transition, the International Monetary Fund (IMF) expects India to grow at around 3.8 percent in fiscal 2013, about 1.8 percentage points lower than its July projection. For fiscal year 2014, growth is projected to accelerate somewhat to 5 percent, again 1.1 percentage points lower...
  • Economy to grow at 5 per cent in 201213 February 7, 2013

    Mumbai: India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 201213 fiscal year, a government statement said on Thursday, citing provisional estimates. The latest estimate is the worst of all growth projections issued by the government and the RBI. Last month, the RBI...
  • Investment in manufacturing needed: Chidambaram January 4, 2013

    New Delhi: Finance Minister P Chidambaram on Thursday said investment in manufacturing and services sectors needed to be revived for creating jobs and accelerating economic growth. Addressing representatives of central trade unions as part of the prebudget consultation, he said the policy reforms carried out by the government in the last...
  • Need to get new investments going: Chief Economic Advisor December 28, 2012

    Chief Economic Advisor Dr Raghuram Rajan has said that forecasting growth around turning points in very difficult and conceded that there is a steady decline in growth, adding that steps need to be taken in that regard urgently. In an interview with Karan Thapar on 'Devil's Advocate', the Chief Economic Advisor...
  • Manmohan model unleashed growth story: Chidambaram December 18, 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 ManmohanChidambaram model was responsible for economic slowdown, the Minister told CPI leader Gurudas Dasgupta, "Please do...
  • Chidambaram rules out threat of rating downgrade October 11, 2012

    Tokyo: Dismissing fears of a rating downgrade, Finance Minister P Chidambaram on Thursday said the government would take a host of reform initiatives in the next two years to spur growth momentum. "I don't think there is a serious threat of a downgrade but we take the talk of a...
  • India will aim 8 pc growth to generate jobs: Montek October 11, 2012

    Tokyo: India is aiming to get back on higher growth trajectory of 8 per cent as it would help in generating more jobs and promoting inclusive growth, Planning Commission Deputy Chairman Montek Singh Ahluwalia said in Tokyo on Thursday. "We are trying to get back to 8 per cent growth...
  • IMF cuts India growth forecast to 6 pc for 2013 October 5, 2012

    Berlin: The International Monetary Fund (IMF) will lower its forecasts for global economic growth to 3.3 per cent this year and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectively, a Germany newspaper reported on Friday. The IMF expects the euro zone economy...
  • Fitch cuts India growth forecast to 6 per cent September 28, 2012

    New Delhi: Fitch Ratings has cut its 2012 growth forecasts for India to 6 percent from 6.5 per cent on deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with 2009. India's economic outlook remains challenging. Investment rose just 0.7 per cent YoY in...
  • RBI macro survey sees FY13 GDP growth at 6.5 pc July 30, 2012

    New Delhi: The results of the 20th round of the 'Survey of Professional Forecasters' conducted by the Reserve Bank shows a downward revision in the median growth forecast for 2012-13 to 6.5 per cent. The industry and service sector median growth forecasts have turned low, but are expected to pick-up beginning...
  • The Last Word: Was Bharat Bandh a thoughtless mistake? June 1, 2012

    With growth sharply falling and exacerbating India's economic woes, was Bharat Bandh called by the BJP and the Left a thoughtless mistake? ...
  • Morgan Stanley cuts India growth forecasts May 21, 2012

    Morgan Stanley has cut India's 2012 economic growth forecast to 6.3 per cent from prior 6.9 per cent; 2013 forecast to 6.8 per cent from 7.5 per cent. On a financial year basis, Morgan Stanley expects FY13 growth at 6.3 per cent and FY14 growth at 6.9 per cent. "Bad" growth mix...
  • India will take corrective measures: Pranab on S&P report April 25, 2012

    Finance Minister Pranab Mukherjee has said that S&P did not take into account that fiscal deficit was brought down. ...
  • Forbes India: The mystery of India's GDP figure February 28, 2010

    The Indian economy seems to be back on track despite a poor monsoon. The Reserve Bank of India cranked up the economic growth forecast for the current financial year from 6 percent to 7.5 percent. The Prime Minister, a distinguished economist himself, has pegged it at 7 percent and his Finance...
  • Good cheer for Indian economy, GDP up 6.1 pc September 1, 2009

    New Delhi: India's economy grew 6.1 percent in the June quarter from a year earlier, roughly in line with forecasts, as government stimulus measures helped spur demand, although a poor monsoon threatens to crimp growth later in the year even as it drives inflation. The economy accelerated from its 5.8 percent...
  • US pessimistic, fears India's growth to dip to 5.5 pc April 16, 2009

    Washington: The United States expects India's growth to slow to around 5.5 percent this year, but believes recently announced policy measures to stimulate the economy and ease credit conditions should help cushion the downturn. "After averaging 8.8 percent over the past four years, growth is slowing largely due to lower investment,...
  • India's economy to grow at 7.5 per cent: Kamal Nath January 30, 2009

    Davos: At the World Economic Summit in Switzerland, India's Commerce Minister Kamal Nath has projected that despite battling job losses, India's economy will see an annual growth of 7.5 per cent. At the summit of the world's leaders, Nath said, "India is taking a hit but we continue on our...
  • FM must coin policies, not assure: financial experts October 14, 2008

    New Delhi: Finance Minister P Chidambaram has been assuring that India is fortified against the freefall that markets worldwide are suffering. However, many feel that more than assurance, the government should come out with concrete effort to prevent further sliding of the Indian Stock Exchanges. On Monday morning, Indian investors...
  • Believe in India growth story, says FM June 15, 2007

    New Delhi: Assuring that stock markets are being closely watched to prevent any undesirable movement, Finance Minister P Chidambaram has asked investors to dispel their fears and remain invested. Pointing out that stock market was based on speculation, he said even if there were larger than expected numbers of speculators in...
  • India's growth set to overtake China November 5, 2006

    New Delhi: India, now in a 'sweet spot' economically, is set to move on to double digit growth despite politics and populism and may be ahead of China's growth by 2010. "The hype about India is real. Factors are in place to sustain 10 per cent plus growth. Investment at...