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Indian economy grows 7.3% in September quarter; uncertainty looms for 2nd half due to demonetisation

Indian economy grows 7.3% in September quarter; uncertainty looms for 2nd half due to demonetisation

India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output.

Government raises $314 million from share sale in L&T

Government raises $314 million from share sale in L&T

India has raised 21 billion rupees ($314 million) from a stake sale in engineering group Larsen & Toubro Ltd , IFR reported on Friday, citing two sources close to the transaction.

Q1 GDP to be good due to normal monsoon, salary hikes

Q1 GDP to be good due to normal monsoon, salary hikes

The government expects Gross Domestic Product (GDP) growth to pick up to eight percent in 2016-17, from 7.6 percent in 2015-16.

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

'Narendra Modi government's fiscal policy quite prudent; improving India's quality of growth'

Rating agency Crisil has heaped praises on PM Narendra Modi-led government at the Centre.

Australian PM almost certain victor in election but no celebration

Australian PM almost certain victor in election but no celebration

Australian Prime Minister Malcolm Turnbull to retain power after a bruising national election.

India's GDP likely to expand by 7.7% in FY17: NCAER

India's GDP likely to expand by 7.7% in FY17: NCAER

Economic think-tank NCAER today projected India's economic growth rate to improve marginally to 7.7 percent in 2016-17 against the backdrop of IMD's forecast of better monsoon rains this year.

Power reforms likely to pressure states' budgets: RBI

Power reforms likely to pressure states' budgets: RBI

India`s power reforms are likely to put pressure on state governments` budgets, potentially forcing them to cut spending needed to support economic growth, the Reserve Bank of India (RBI) said in a report on Thursday.

Indian economy to grow at 5-year high of 7.6% in 2015-16

Indian economy to grow at 5-year high of 7.6% in 2015-16

Indian economy will grow at a 5-year high of 7.6 percent in the fiscal ending March, overtaking a slowing China, on the back of improvement in manufacturing and farm sectors.

GST will be a game changer: Arun Jaitley

Finance Minister Arun Jaitley said on Tuesday that Goods and Services Tax Bill (GST) is the need of the hour and would be a game changer once it gets parliament`s nod.

Russian GDP up 0.1% in October: Minister

Ulyukayev described the current situation of the Russian industry as stagnation.

More obesity among higher educated in poor countries

 In poor countries, obesity is more common among the higher educated, while in rich countries, obesity is more common among the lesser educated, new research has found.

Brazil to generate more GDP if cuts carbon emissions

 Brazil can generate an extra $148 billion of gross domestic product (GDP) from 2015 to 2030 if the government adopts measures to reduce carbon emissions, a report says.

'Achieving 25% of GDP from manufacturing, 100 mn jobs by 2022 difficult'

'Achieving 25% of GDP from manufacturing, 100 mn jobs by 2022 difficult'

Considering the rate at which the Modi government's ambitious 'Make in India' initiative is progressing, its target of creating 100 million jobs and achieving 25 percent of GDP from manufacturing sector by 2022 may be difficult to meet, says a recent survey.

One million Nepalis slip below poverty line due to earthquakes

Nearly one million people have slipped below poverty line in Nepal due to two powerful earthquakes that left about 9,000 people dead and a trail of destruction across the country.

Current account deficit shrinks to 1-year low at 0.2%

Current Account Deficit (CAD) fell sharply to its lowest level in a year at USD 1.3 billion or 0.2 percent of GDP in the fourth quarter of 2014-15, as trade gap narrowed on lower oil prices and robust foreign inflows.

Cheap oil, weak euro powering German recovery: Institutes

The German economy, Europe`s biggest, is enjoying a robust recovery, fuelled by cheap oil, the weak euro and a boom in consumer spending, the country`s top economic institutes said Thursday, sharply upgrading their growth forecast for this year.

After a year at war, Ukraine at financial breaking point

Bruised and battered after a year of armed conflict, Ukraine has been crippled by a combination of monetary, budgetary, industrial, banking and energy crises that could make it dependent on outside help for decades.

Current account deficit doubles to $8.2 bn in Dec quarter

Current account deficit doubles to $8.2 bn in Dec quarter

The current account deficit (CAD) nearly doubled to USD 8.2 billion or 1.6 percent of the GDP in the October-December period, the Reserve Bank data showed Tuesday.

Current account deficit doubles to $8.2 bn of GDP in Dec quarter

Current account deficit doubles to $8.2 bn of GDP in Dec quarter

India's current account deficit (CAD) doubled to USD 8.2 billion or 1.6 percent of gross domestic product (GDP) in the October-December quarter on a year-to-year basis.

GDP to remain comprehensive measure of economy: Govt

The Gross Domestic Product will remain a comprehensive measure to capture changes in the economic activity and it will not be replaced by Gross Value Addition (GVA), Parliament was informed Wednesday.