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GDP

Digitisation will curb shadow economy: Arjun Ram Meghwal

Pitching for rapid movement towards digitisation of the economy, Union minister Arjun Ram Meghwal on Sunday said the government's digital initiative is crucial to curb the black market.

India can achieve 10% GDP growth by FY20: CII

India can achieve 10% GDP growth by FY20: CII

India can achieve a gross domestic product (GDP) growth of 10 percent by fiscal year 2019-20 on the back of tremendous opportunities available in the economy, Confederation of Indian Industry said on Wednesday.

Nirmala hard sells India as investment destination

Union Commerce Minister Nirmala Sitharaman on Friday invited Japanese companies to explore investment opportunities in India and highlighted the Centre's various reform initiatives to boost infrastructure landscape in the country.

US retail sales fall for second straight month on weak automobiles

US retail sales fell for a second straight month in March amid softening demand for automobiles, suggesting economic growth slowed abruptly in the first quarter.

The Commerce Department said on Friday retail sales dropped 0.2 percent last month.

India should aspire to become global power of happiness: President Pranab Mukherjee

India should aspire to become global power of happiness: President Pranab Mukherjee

President Pranab Mukherjee on Friday underscored the need for India to be a global powerhouse not just in terms of economic parameters but also 'Gross National Happiness'.

India's GDP growth may slip to 6.7% in March quarter: Nomura

India's GDP growth may slip to 6.7% in March quarter: Nomura

India's GDP growth is likely to decelerate to 6.7 percent in March quarter but it will gradually recover to around 7.7 percent in 2018 supported by higher consumption and public spending, says a report.

Change in base year for GDP a regular global practice: Govt

Change of base year to calculate GDP is done in line with the global exercise to capture economic information accurately, the government said on Wednesday.

India to grow at 7.7% in 2018; EMs face newer challenges: Arun Jaitley

India to grow at 7.7% in 2018; EMs face newer challenges: Arun Jaitley

Emerging markets face newer challenges in the form of inward looking policies of protectionism and increased geopolitical tension, Finance Minister Arun Jaitley said today as he pegged India's GDP growth at 7.7 per cent in 2018.

Opposition accuses government of reducing allocation for defence ministry

The opposition today accused the government of reducing the allocation for the defence ministry to the lowest level since the 1962 war with China and claimed that the 'achhe din' (good days) have not come for soldiers.

Crisil blames divergent growth dataprints for WPI-CPI variance

Crisil blames divergent growth dataprints for WPI-CPI variance

With most analysts refusing to buy into the official growth numbers due to vast differences between GDP and GVA, a Crisil analysis has blamed the variance to the steeply falling WPI and the more-or-less stable CPI.

RBI says note-ban impact on GDP over; warns of inflation spike

RBI says note-ban impact on GDP over; warns of inflation spike

The RBI on Friday warned of a possible spike in inflation and stressed the need to make digital payments "safe and secure", even as it felt that the adverse and transient impact on the economy has "by and large" dissipated already.

FMCG industry likely to grow by over 15% in 2-3 years

FMCG industry likely to grow by over 15% in 2-3 years

The fast moving consumer goods industry, that witnessed a slowdown for the past three years, has a potential to grow by more than 15 per cent over the next 2-3 years if players in the sector focus on improving brand penetration, a recent study revealed.

FDI in services sector up 77.6% in 9 months of FY'17

FDI in services sector up 77.6% in 9 months of FY'17

Foreign investments in the services sector increased 77.6 percent to USD 7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.

Sensex snaps 5-week winning spree on profit-booking

Sensex snaps 5-week winning spree on profit-booking

Both the indices, Sensex and Nifty, snapped their 5-week winning spree by slipping 61 points and 42 points respectively, on profit-booking on possibility of a US Federal rate hike as early as this month.

Indian economy picking up after note ban: Moody's

Indian economy picking up after note ban: Moody's

India`s economic growth is picking up as liquidity conditions normalise in the aftermath of the note ban, said global credit rating business Moody`s Investors Services on Wednesday.

States' fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra

States' fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra

The states' fiscal deficit will rise only marginally to 3.3 percent in fiscal year 2017-18 from the expected 3.2 percent in 2016-17, domestic ratings agency India Ratings and Research (Ind-Ra) said on Monday.

Demonetisation has positive impact: Arun Jaitley

Demonetisation has positive impact: Arun Jaitley

Union Finance Minister Arun Jaitley on Sunday said the purpose of demonetisation is served as it had led to "larger and cleaner GDP".

Protectionist tendencies will shrink GDP, warns Arun Jaitley

Protectionist tendencies will shrink GDP, warns Arun Jaitley

With protectionist trend emerging in developed economies, Finance Minister Arun Jaitley tonight warned that economies will become more inefficient and GDP will shrink if such a move were to impact trade and movement of goods and people.

Fiscal deficit for 2017-18 pegged at 3.2% of GDP; to achieve 3% in 2018-19

Fiscal deficit for 2017-18 pegged at 3.2% of GDP; to achieve 3% in 2018-19

Finance Minister Arun Jaitley today said that the total expenditure in Budget for 2017-18 has been placed at Rs. 21.47 lakh crores. With the abolition of Plan-Non Plan classification of expenditure, the focus is now on Revenue and Capital expenditure.

Demonetisation will lead to bigger, cleaner and real GDP: Arun Jaitley 

Demonetisation will lead to bigger, cleaner and real GDP: Arun Jaitley 

The Union Minister of Finance and Corporate Affairs Arun Jaitley said that India has witnessed historic and impactful economic reforms and policy making in the last one year and there were two tectonic policy initiatives, namely, passage of the Constitution Amendment Bill for GST and the progress made for its implementation; and demonetisation of high denomination bank notes.