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.

'Negative narrative' cast adverse impact on economy: Sharma

An atmosphere of 'negative narrative' in the country cast adverse impact on the economy and contributed to the present crisis, Commerce Minister Anand Sharma said Saturday.

Export outlook optimistic, says Sharma

Commerce and Industry Minister Anand Sharma today expressed optimism that the recent pick-up in exports will continue through the rest of the financial year despite the global slowdown.

Tata Steel to bid for Indian iron ore assets of Stemcor

Tata Steel would make a bid for buying the Indian iron ore assets of one of Britain's largest independent steel trading companies Stemcor.

Exim Bank looks at 20% growth this fiscal

The Exim Bank is looking at a 20 percent growth in loan portfolio during the current financial year despite the slowdown which has gripped many countries, particularly European ones.

China is expected to grow at around 7.75% this year: IMF

China's economy, the world's second largest, is expected to grow at around 7.75 percent this year, the IMF forecast on Wednesday, notwithstanding a moderate slowdown during the first half.

Global slowdown may dampen export growth prospects in 2013

Indian exports, which were hit by global slowdown last year, are likely to remain sluggish during 2013 as well due to challenging economic conditions in western economies, though policymakers have drawn a strategy to diversify exports.

IMF lowers global economic growth forecast following China, India slowdown

The International Monetary Fund (IMF) has lowered its outlook for global growth over the next two years.

Govt taking steps to take economy to higher growth path: Seth

Although global slowdown is affecting the country, the fundamentals of Indian economy are strong and the government is taking a series of steps to see it moves to a higher growth trajectory, Cabinet Secretary Ajit Kumar Seth on Tuesday said.