India's gross domestic product (GDP) is estimated to grow an annual 5 per cent in the 2012/13 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. ...
11:40 AM, Feb 07, 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
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. ...
10:20 PM, Dec 27, 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
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 downgrade seriously. We will engage with rating agency and convince them that India does not deserve a downgrade," the Minister...
06:32 PM, Oct 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 and that is good for the world. In my view the central focus should be on getting growth back", he...
06:21 PM, Oct 11, 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 to shrink by 0.4 per cent this year and then grow 0.2 per cent in 2013, business daily Handelsblatt...
01:54 PM, Oct 05, 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 second quarter of 2012, with higher-frequency indicators pointing to another weak outturn in Q3. "Ongoing concerns over government economic...
11:48 AM, Sep 28, 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 Q2 of 2012-13. The average inflation outlook has been revised upward to 7.3 per cent for 2012-13 and moderation...
05:30 PM, Jul 30, 2012
With growth sharply falling and exacerbating India's economic woes, was Bharat Bandh called by the BJP and the Left a thoughtless mistake? ...
09:35 PM, May 31, 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 - a combination of high national deficit and an expansionary policy of supporting consumption while private investment slows...
03:11 PM, May 21, 2012
Finance Minister Pranab Mukherjee has said that S&P did not take into account that fiscal deficit was brought down. ...
02:19 PM, Apr 25, 2012
One set of data but different GDP predictions for India. Why? ...
05:13 PM, Feb 28, 2010
Stimulus measures help spur demand, but poor monsoon threatens growth. ...
11:22 AM, Aug 31, 2009
Treasury Secretary Timothy Geithner submits report on economy. ...
07:01 PM, Apr 16, 2009
After the FM's assurances, Sensex rallied as investors' confidence returned. ...
10:24 PM, Oct 13, 2008
Presence of large number of speculators in market should not cause any harm till there was no manipulation, says FM. ...
05:18 PM, Jan 04, 2007
India is set to move on to double digit growth despite politics and populism and may be ahead of China's growth by 2010. ...
12:51 PM, Nov 05, 2006
