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India on path of becoming pivot for hi-tech manufacturing: UN

India on path of becoming pivot for hi-tech manufacturing: UN

 India is on the path of becoming a "pivot" for high-tech world manufacturing even as global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities, a new UN report said.

India's economy seen losing steam in June quarter

India's economy seen losing steam in June quarter

India will release data later on Wednesday that is expected to show economic growth slowed in the June quarter, and despite having one of the world`s fastest growth rates it means millions of unemployed Indians will face an even longer queue for a job.

Q1 GDP to be good due to normal monsoon, salary hikes

Q1 GDP to be good due to normal monsoon, salary hikes

The government expects Gross Domestic Product (GDP) growth to pick up to eight percent in 2016-17, from 7.6 percent in 2015-16.

GST promises to boost GDP growth rates by up to 2%: President

GST promises to boost GDP growth rates by up to 2%: President

Describing the passage of the GST bill by Parliament as the single biggest reform measure in recent times, President Pranab Mukherjee Monday said the move paves the way for creation of a unified market and promises to boost GDP growth rates by up to 2 percent.

Nehruvian model did not help India develop: Arun Jaitley

Nehruvian model did not help India develop: Arun Jaitley

Arun Jaitley said that the Nehruvian model of development was the reason why India couldn't develop. He said the same model didn't alloe the country to get up to a growth rate of even 1 percent in those early decades.

India Inc hails GST Bill passage in Lok Sabha, hopes for April 1 rollout

India Inc hails GST Bill passage in Lok Sabha, hopes for April 1 rollout

Hailing the passage of GST Bill in Lok Sabha, India Inc on Monday said it sees a possibility of rollout of the indirect tax reform from April 1, ushering in more investments and boosting the country's economic growth.

GST to boost GDP by 2%, attract foreign investors: Industry

GST to boost GDP by 2%, attract foreign investors: Industry

Buoyed by the passage of the GST Bill in Rajya Sabha, industry leaders Thursday said the roll out of the indirect tax reform will lure more foreign investors to India, improve the country's manufacturing competitiveness and boost economic growth by nearly 2 percent.

Indian economy to grow at 7.5% this fiscal: Deutsche

Indian economy to grow at 7.5% this fiscal: Deutsche

The Indian economy is expected to grow 7.5 percent this financial year, a tad lower than the median estimate of 7.6 percent as the economic fundamentals of the country continue to lag, says a Deutsche Bank report.

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

Good monsoon may push FY17 GDP growth beyond 8%: Crisil

A good monsoon with even rainfall distribution across regions will give a boost to farm sector and may push India's GDP growth beyond the 8 per cent mark in the current fiscal, Crisil said on Wednesday.

Current position of rupee is pretty reasonable: Raghuram Rajan

Current position of rupee is pretty reasonable: Raghuram Rajan

RBI Governor Raghuram Rajan on Monday said the current level of the rupee is "pretty reasonable" and any attempt to devalue it may lead to a surge in inflationary pressures and "offset any benefits".

Govt, Opposition must join hands for GST breakthrough: Assocham

Govt, Opposition must join hands for GST breakthrough: Assocham

Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said.

China`s second-quarter GDP growth steady at 6.7%

China`s second-quarter GDP growth steady at 6.7%

China`s second-quarter GDP growth remained steady at 6.7 percent, the government said Friday, slightly ahead of forecasts and suggesting stability in the world`s second-largest economy.

China's second-quarter growth slows to 6.6%: Poll

China's second-quarter growth slows to 6.6%: Poll

China's growth slipped to a new seven-year low of 6.6 percent in the second quarter, according to a new survey, despite government efforts to spur activity in the world's second-largest economy.

India a “sweet spot” in the global economy: Arun Jaitley

India a “sweet spot” in the global economy: Arun Jaitley

He also added that the growth outlook this year looks much better with indications of good rains.

Gold imports slide 51% to $2.7 billion in April-May

Gold imports slide 51% to $2.7 billion in April-May

Gold imports fell by about 51 percent to USD 2.7 billion in April-May this fiscal, which is expected to keep a lid on the current account deficit.

'Sensex may fall to 22,000 by FY17 end on Brexit'

'Sensex may fall to 22,000 by FY17 end on Brexit'

The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal, owing to adverse global developments following Britain's exit of European Union, says a report.

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

CAD narrows sharply to $0.3 billion in Q4 on lower trade deficit

The Reserve Bank of India data on Thursday showed that the current account deficit also shrunk to 1.1 percent of the GDP in FY2015-16 from 1.8 percent in the previous fiscal.

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.

GDP growth rate of 7.6% continues for FY17

GDP growth rate of 7.6% continues for FY17. Watch complete news story of Aap Ka Bazaar and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

India's 'black economy' exceeds Thailand and Argentina's GDP: Study

India's 'black economy' exceeds Thailand and Argentina's GDP: Study

Pegging India's 'black economy' at over Rs 30 lakh crore or about 20 percent of total GDP, a new study says it has been contracting gradually over the years but still remains bigger than the overall economic size of countries like Thailand and Argentina.