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Brexit vote adds to uncertainty over global economy, impact won't be seen soon

The first indication of how Britain`s vote to leave the European Union will affect the global economy will come from business surveys, with the hard data to follow -- a lag that increases uncertainty over growth.

Global economic situation grim, worrisome: Jaitley

Global economic situation grim, worrisome: Jaitley

The global economic situation is "grim" and "worrisome" and that has prompted the nations to put up "firewalls" around their own systems to save themselves from the slowdown and grow within the limitations, Finance Minister Arun Jaitley has said.

India has potential to do better than 7.5%: FM Jaitley

India has potential to do better than 7.5%: FM Jaitley

India has the potential to grow at a faster pace on the back of healthy monsoon rains, Finance Minister Arun Jaitley has said.

Fight global slowdown with supportive monetary policy: Christine Lagarde

Fight global slowdown with supportive monetary policy: Christine Lagarde

The International Monetary Fund (IMF) on Saturday made out a case for Asian countries like India to adopt a supportive monetary policy and growth-friendly fiscal measures to combat the impact of global economic woes.

No need for exaggerated panic, have faith in Indian economy: FM Jaitley

No need for exaggerated panic, have faith in Indian economy: FM Jaitley

The minister said that a major sell-off in global markets has created a chain reaction impacting the markets world over including in India.

FM Jaitley woos sovereign funds to invest in infrastructure, railways

FM Jaitley woos sovereign funds to invest in infrastructure, railways

Opening the two-day India Investment Summit 2016, Arun Jaitley highlighted opportunities the country presents to investors and sought investment in sectors like road, highways, oil&gas, urban infrastructure and railways.

 

'India fastest growing economy despite global slowdown, four droughts'

'India fastest growing economy despite global slowdown, four droughts'

India has emerged as the world's fastest growing economy notwithstanding global demand slowdown and four droughts, Chief Economic Advisor Arvind Subramanian said Friday.

India "bright spot" for investment in the current global slowdown, PM Modi tells biz leaders

India "bright spot" for investment in the current global slowdown, PM Modi tells biz leaders

PM Modi said government had taken a number of steps to remove long pending concerns of investors, including expediting regulatory clearances, increasing the validity period of Industrial Licences across the board and delicencing a number of defence items.

Exports of top 5 sectors dip 25% to $13.33 billion in August

Exports of top 5 sectors dip 25% to $13.33 billion in August

Exports of top five sectors - engineering, petroleum, gems and jewelery, textiles and pharmaceuticals - fell by about 25 percent to USD 13.33 billion in August due to global demand slowdown.

India insulated from economic fallout, says Jaitley

India insulated from economic fallout, says Jaitley

Union Finance Minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout and stands out as a "brighter spot".

Govt keeping close watch on rupee movement: Nirmala

Hit by global slowdown, India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion.

Knee-jerk reaction not answer to emerging challenges: FinMin

The Finance Ministry Tuesday said "knee-jerk" reaction is not the answer to the current challenges being faced by India and assured that measures initiated by the government will boost growth.

Make in India should not entirely focus on global markets: Rajan

Reserve Bank Governor Raghuram Rajan on Thursday said it was a 'worthwhile ambition' to pursue Make In India campaign but cautioned that the whole effort should not be made towards producing for overseas markets as global slowdown could create problems.

'Global slowdown, steep fall in oil prices impacted exports'

The country's exports dipped by 1.2 percent to USD 310.5 billion in 2014-15.

Global slowdown impacted India's exports in 2014-15: Sitaraman

India failed to meet the exports target of USD 340 billion set for 2014-15 due to economic slowdown in many countries, Commerce and Industry Minister Nirmala Sitaraman said Sunday.

'Global slowdown hits Indian exports'

Persistent slowdown in global markets has hit Indian exports which fell sharply by 21 percent in March, the industry said Friday.

Sales volume in real estate sector in Chennai declines: Study

Sales volume in the real estate sector in the city during the last one year witnessed a 33 percent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.

Immediate challenge is to go back to 8% growth: Mukherjee

"Our economic growth declined during the last two years. At five percent in 2012-13, it was the lowest in the last ten years," President Pranab Mukherjee said.

More items under duty drawback scheme for exporters

Government Saturday rationalised the duty drawback and brought more items under the scheme for tax refund to exporters to give a boost to overseas shipments.