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Rajiv Gandhi 'partially responsible' for 1991 economic crisis: Sanjay Baru

Rajiv Gandhi 'partially responsible' for 1991 economic crisis: Sanjay Baru

Holding former prime minister Rajiv Gandhi responsible for creating the 1991 economic crisis, ex-media advisor to former prime minister Manmohan Singh Sanjay Baru has said heavy external borrowing coupled with withdrawal of support to the Chandrasekhar-led government `put the country to the brink of the crisis.`

Global Competitiveness Index ranking: India jumps 16 places, highest for any economy

Global Competitiveness Index ranking: India jumps 16 places, highest for any economy

The jump of 16 places for India from last year's 55th place is the highest for any economy this year. India is also the second-most competitive among BRICS nations behind neighbouring China, which is ranked at the 28th position.

Solid demand, milestone reforms to sustain India's growth: ADB

Solid demand, milestone reforms to sustain India's growth: ADB

India's economy will remain on a strong growth path this fiscal and clock a growth of 7.4 percent aided by implementation of key structural reforms, robust consumer demand and higher agricultural output driven by a good monsoon, predicted an ADB study.

 

India's Q1 current account deficit narrows to 0.1% of GDP

India's Q1 current account deficit narrows to 0.1% of GDP

India’s current account deficit (CAD) narrowed to USD 0.3 billion, or 0.1 percent of GDP, in the first quarter of 2016-17 on account of lower trade gap.

 

Govt reviews impact of trade pacts on economy, employment

Govt reviews impact of trade pacts on economy, employment

The government on Tuesday reviewed the impact of free trade agreements (FTAs) on the domestic economy and employment generation amid concerns that these pacts may be helping trading partners more than India.

India's rating upgrade in 2 years if reforms tangible: Moody's

India's rating upgrade in 2 years if reforms tangible: Moody's

Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's today said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".

India to clock 8% growth over next few years: S&P

India to clock 8% growth over next few years: S&P

Backed by broadening of domestic consumption base, S&P Global Ratings Monday projected India to clock a "steroid-free" growth of 8 percent over the next few years.

'India now seen as destination for innovation, digital transformation'

'India now seen as destination for innovation, digital transformation'

India is now increasingly seen as a destination for innovation and digital transformation mainly due to some of its recently launched initiatives like 'Startup India' and 'Digital India', American entrepreneurs and venture capitalists from the Mid-West have said.

Banks may be able to deprovision as they recover: Arun Jaitley

Banks may be able to deprovision as they recover: Arun Jaitley

Finance Minister Arun Jaitley said on Friday that if the economy recovers, banks may be able to "deprovision" some of the non-performing assets that are weighing on their balance sheets and curbing their ability to expand lending.

India expected to post first current account surplus in nine years

India expected to post first current account surplus in nine years

India is likely to post its first current account surplus in nine years in the latest quarter, which should bolster the rupee though it is not a good sign for the economy as it reflects weak investment demand at home and subdued exports

 Indian services growth at 3.5-year high in August on strong demand

Indian services growth at 3.5-year high in August on strong demand

Growth in India`s services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in domestic and foreign demand, but companies had a tough time raising prices, a private survey showed on Monday.

Dropped idea of White Paper on economy as it could have hurt national interest: PM Modi

Dropped idea of White Paper on economy as it could have hurt national interest: PM Modi

Prime Minister Narendra Modi on Friday said he had thought of bringing out a White Paper on the state of economy after 10 years of UPA rule when NDA rode to power in 2014 but refrained from doing fearing it would hurt the country's interest.

From Kashmir unrest, GST, attack on Dalits, economy to political vendetta: Here are the top quotes of PM Narendra Modi

From Kashmir unrest, GST, attack on Dalits, economy to political vendetta: Here are the top quotes of PM Narendra Modi

PM Narendra Modi, in a tell-all interview with a leading TV news channel, spoke on a wide range of issues from the national economy, attack on Dalits, Kashmir unrest to electoral politics among others and listed out his government's top priorities as well as its resolve to clear the hurdles facing the country.

Jobs elusive as India clings to fastest-growing economy tag

Jobs elusive as India clings to fastest-growing economy tag

It`s been two years since India emerged as the world`s fastest-growing major economy, but the rapid expansion has done little to improve the lot of Ashok Kumar. 

India's manufacturing growth surges to 13-month high in August

India's manufacturing growth surges to 13-month high in August

Recording "solid improvement", manufacturing sector growth touched a 13-month high in August bolstered by expansion in new works as well as acceleration in buying and production levels, says a survey.

 

 India growth threatened by business `roadblocks`: John Kerry

India growth threatened by business `roadblocks`: John Kerry

India`s economy will only be able to maintain its impressive growth if its bureaucracy ceases to be "an expert in setting up roadblocks", US Secretary of State John Kerry said Wednesday.

GDP growth rate slows to 7.1% in Q1

GDP growth rate slows to 7.1% in Q1

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India's Q1 GDP growth slows to 7.1%, lowest in 6 quarters

India's Q1 GDP growth slows to 7.1%, lowest in 6 quarters

Indian economy grew at the slowest pace in last six quarters at 7.1 percent in the April-June period of current fiscal mainly on subdued performance of mining, construction and farm sectors.

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.

Indian economy to grow at 7.8% in 2016-17: Survey

Indian economy to grow at 7.8% in 2016-17: Survey

India's economy is likely to expand 7.8 percent during the current financial year on the back of good monsoons, said economists polled by Ficci.