GDP

BJP expresses concern over `sinking` economic growth rate

Expressing concern over the "sinking" growth rate which stands at 5 per cent, BJP on Friday said the government has failed to rejuvenate the economy despite being in power for nine years.

Manmohan model unleashed India`s growth story: Chidambaram

The Manmohan model has unleashed India`s growth story and shown the world that the country can achieve over 9 per cent growth rate, Finance Minister P Chidambaram said on Tuesday.

India spending over 2.6% to tackle climate change: FinMin

India is spending over 2.6 per cent of it`s GDP to deal with challenges of climate change and wants rich countries to honour their financial commitments to address green issues.

Govt committed to double spending on R&D

PM Manmohan Singh said the government is committed to doubling the overall spending on research and development (R&D) to at least 2% of the GDP.

Oil price rise to impact India`s GDP growth: Goldman Sachs

A rise in global oil prices by USD 10 per barrel would reduce India`s economic growth by 0.2 percentage points and also affect the country`s current account deficit, Goldman Sach said.

The Unacknowledged Housewife

Despite the grind that she goes through, a housewife continues be categorised as a non-economic entity. It’s probably time that a homemaker is given her due worth.

India eyes double-digit economic growth by 2013

The Indian economy, Asia`s largest after Japan and China, is accelerating and could reach double-digit growth by 2013, Indian Trade Minister Anand Sharma said Monday during a visit to Spain.

ADB to revise up 2010 Asia GDP forecast to above 7%

The Asian Development Bank plans to revise upward its 2010 economic growth forecast for developing Asia to around 7 percent, citing the ability of some nations to quickly employ massive stimulus measures.

Upbeat FM sees 7.75% growth for 2009-10

Finance Minister Pranab Mukherjee Wednesday said the economy could grow around 7.75 percent in 2009-10.

Economy to grow by 7.5% in 2009-10: PM

Prime Minister Manmohan Singh on Saturday said the economy is expected to register a growth rate of 7.5 percent in this financial year (2009-10), up from 6.7 percent a year ago.

World Bank pegs FY11 GDP growth at 7.5%

The World Bank on Monday said the
country is likely to grow at 7.5 per cent next fiscal and the
growth prospects remain strong, even as the world economy
recovers slowly.

US eco grows fastest in 6 yrs, Obama unveils jobs package

President Barack Obama unveiled a $33 billion package of tax cuts to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda.

Economy will grow 7.5 percent but with high inflation: RBI

The Reserve Bank of India (RBI) on Friday projected an impressive 7.5 percent growth for the Indian economy in the current fiscal even as it hiked the outlook for annual inflation rate to 8.5 percent by end-March.

China can overtake US economy by 2020: PwC

China could overtake the United States to become the world`s largest economy as early as 2020, a top business consultancy said on Thursday, underlining the impending change in global economic power.

Economic growth to speed up in 2010

India’s economic growth will accelerate this year, Minister of Commerce and Industry said as he demanded better access to China`s markets to help exports.

Anand Sharma sees GDP growth accelerating in 2010

India`s gross domestic product growth is expected to accelerate in 2010 from 2009, Minister of Commerce and Industry Anand Sharma said on Tuesday.

CMIE pegs FY10 GDP growth at 7.5%

The leading economic think-tank CMIE on Sunday pegged the economic growth at 7.5 percent for the current fiscal on the back of strong industrial growth-- slightly lower than the projections of Finance Minister Pranab Mukherjee.

Growth to be around 7.75 pct, but inflation major concern: FM

India’s gross domestic product (GDP) is expected to expand by around 7.75 percent in the current fiscal, but food inflation remains a “major concern”, Finance Minister Pranab Mukherjee said on Wednesday.

Citigroup raises India GDP estimates

The Indian economy may grow at 7 percent in the current financial year backed by buoyant industry growth combined with an upside in agriculture output, Citigroup said, raising its estimate from 6.2 percent.

Britain to shrug off wintry economic chill: Analysts

The British economy, forecast to emerge soon from recession, will likely shrug off the most brutal winter in decades as many Britons simply delay purchases and work from home to beat the big freeze.