close
This ad will auto close in 10 seconds
IMF flags decelerating pace of reforms in India; lists six areas for further reforms

IMF flags decelerating pace of reforms in India; lists six areas for further reforms

Listing out as many as six core areas that need further reforms in India, IMF has warned that headwinds from weaknesses in the country's corporate and bank balance sheets, decelerating pace of reforms and sluggish exports may weigh on its economic growth.

7.5% economic growth failed to change people's lives: Jean Dreze

7.5% economic growth failed to change people's lives: Jean Dreze

India's average economic growth rate of 7.5 percent in the last 12 years has failed to bring about any significant improvement in the quality of life of the common people, noted development economist Jean Dreze said.

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Swamy has also called for bringing back black money stashed in tax havens abroad and nationalising those funds.

India to grow at 7.8% in FY17, led by consumption: DBS

India to grow at 7.8% in FY17, led by consumption: DBS

Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8 percent in the current fiscal, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report.

Economy moving in right direction, need private investment for faster growth: Raghuram Rajan

Economy moving in right direction, need private investment for faster growth: Raghuram Rajan

Stressing on the need for private investment to pick up for faster economic growth, RBI Governor Raghuram Rajan Wednesday said there is "work to do" before celebrating though the economy is moving in right direction.

Princeton economist backs Raghuram Rajan's second term at RBI

Princeton economist backs Raghuram Rajan's second term at RBI

New Delhi: Backing a second term for RBI Governor Raghuram Rajan, leading Indian-American economist at Princeton University Avinash Dixit said the apex bank chief should have "full operational independence" when it comes to pursuing targets on employment, growth and inflation.

Industry lauds 7.6% GDP growth; wants more in current fiscal

After an impressive 7.6 percent GDP growth in 2015-16, industry Wednesday said the economy should expand at even a faster pace in the current fiscal on various reform measures and on expectations for a good monsoon.

Good news for Modi govt: FY16 GDP growth at 7.6%; India now fastest-growing economy in the world

Good news for Modi govt: FY16 GDP growth at 7.6%; India now fastest-growing economy in the world

Retaining its place as the world's fastest-growing major economy, India's economy expanded by 7.6 percent in the financial year 201-16, outpacing China once again.

FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA

FY18 fiscal deficit target may be set at 3-3.5% than 3%: BofA

Government's fiscal deficit target for next fiscal could be changed to a 'range' and set at 3-3.5 percent of the GDP, rather than 3 percent, says a Bank of America Merrill Lynch (BofA-ML) report.

India may expand by 7.7% in current fiscal: Fitch

India may expand by 7.7% in current fiscal: Fitch

Fitch Ratings expects India to be on the top of the global growth ladder and expanding by 7.7 percent in the current fiscal, a shade higher than the estimated 7.5 percent in the previous year due to higher disposable income and a likelihood of a normal monsoon.

India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank

India's GDP to grow at 7.7% in 2017 and 7.5% in 2016: World Bank

According to the World Bank report, the GDP growth in India will be supported by a rebound in agriculture and stimulus from civil service pay reforms.

Power reforms likely to pressure states' budgets: RBI

Power reforms likely to pressure states' budgets: RBI

India`s power reforms are likely to put pressure on state governments` budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday.

Arun Jaitley sees FY16 GDP growth at 7.6%; hopes for better rate next year

Arun Jaitley sees FY16 GDP growth at 7.6%; hopes for better rate next year

Pegging India's GDP growth rate at 7.6 percent for the fiscal 2015-16, Finance Minister Arun Jaitley Thursday said it is "much less" than its potential and expressed hope for better numbers next year.

Adjust exchange rates to make India's trade competitive: CUTS

"Given the important role that trade can and should play in our economic growth, relevant government agencies in India need to adjust exchange rates in a manner that they make our trade more competitive, without much pressure on our inflation," it said in a statement.

Indian economy to grow 7.7% in 2016-17: ICRA

Indian economy to grow 7.7% in 2016-17: ICRA

The agency, in its Macroeconomic Update, however, said that although the fresh project pipeline appears robust, commencement of work will lag announcements, given moderate capacity utilisation in some sectors.

Tough to achieve double-digit growth given global headwinds: FM Jaitley

Tough to achieve double-digit growth given global headwinds: FM Jaitley

Asserting that its "extremely difficult to achieve double-digit growth in the current global environment, Finance Minister Arun Jaitley on Thursday said there is a scope for improvement from the current rate if reforms are carried on.

India's GDP to grow at 7.9% in 2016-17: Crisil

India's GDP to grow at 7.9% in 2016-17: Crisil

The country's GDP can grow by 7.9 percent next fiscal if the monsoon is normal and government implements the reform measures announced so far, domestic rating agency Crisil said Friday.

Fitch lowers India growth forecast to 7.7% for FY'17

Fitch lowers India growth forecast to 7.7% for FY'17

Fitch, in December, forecast an 8 percent GDP growth in 2016-17 supported by the government's beefed-up capex spending and gradual implementation of a broad-based structural reform agenda.

Fitch maintains India's growth forecast at 7.5% for 2015-16

Fitch maintains India's growth forecast at 7.5% for 2015-16

Fitch Ratings on Monday maintained India's growth forecast at 7.5 percent for the financial year 2015-16 but added the economy would gradually accelerate to 7.7 percent in 2016-17.

IMF projects a robust growth rate of 7.3% for India in 2015-16

IMF projects a robust growth rate of 7.3% for India in 2015-16

The multilateral lending agency welcomed recent measures aimed at increasing public infrastructure spending, rationalising subsidies, creating more flexible labour and product markets as well as enhancing financial inclusion.