Rajan warns against chasing economic growth too fast

India must focus on keeping inflation low and avoid using monetary policy alone and short-term government incentives to fuel short-term economic growth, the country`s central bank governor said on Friday.

Keeping inflation low is key to growth: Rajan
Keeping inflation low is key to growth: Rajan

Under pressure to cut interest rates to lower cost of capital, RBI Governor Raghuram Rajan today said keeping inflation low is the key task for sustainable economic growth of the country.

India aims for 8-10% non-inflationary GDP growth: Jayant Sinha
India aims for 8-10% non-inflationary GDP growth: Jayant Sinha

The government is aiming for an 8-10 percent annual economic growth through supply-side measures to increase the capacity of Asia`s third-largest economy rather than risk higher inflation by stimulating demand, Jayant Sinha, the Minister of State for Finance, said.

Cooling inflation to fuel calls for lower interest rates
Cooling inflation to fuel calls for lower interest rates

With price pressures at record lows, expectations are building that the RBI will lower borrowing costs by at least 25 basis points (bps) at its next policy review on September 29, after three cuts earlier this year.

Signs of India's economic recovery visible: CII survey

There are signs of a recovery in the economy, albeit a slow one, the Confederation of Indian Industry (CII) said on Sunday.

More R&D needed for self-sufficiency in power technologies'

To achieve economic growth, India needs to strengthen research and development capabilities to become self-sufficient and bring down dependency on other countries for technology, NITI Aayog member V K Saraswat has said.

Corrective steps being taken to propel economic growth: Gadkari

In an apparent dig at the previous UPA regime, Union Road and Transport Minister Nitin Gadkari on Thursday said lack of appropriate policies forced India's development to take a backseat but now corrective measures are on to propel economic growth.

India emerging leader in inclusive economic growth: US envoy

Hailing India`s emergence as a leader in inclusive economic growth, US ambassador Richard Verma said on Wednesday that it can play a leadership role in bolstering connectivity in South Asia.

GST to reduce tax burden: RBI board member

The implementation of Goods and Services Tax (GST) will result in lesser tax burden on consumers, besides boosting country's economic growth, an RBI board member said on Wednesday.

India needs to deliver 7-8% GDP growth: Sinha

He further said the new government is focused on minimum government with maximum governance and believes in "empowerment, not empty entitlement".

Revival of economy has started: Jaitley

The economy registered 5.5 percent growth in the first half of the current financial year.

India likely to improve economic growth to 6.3% in 2016: United Nations

India's economic growth is expected to improve to 6.3 percent in 2016 with the country leading economic recovery in South Asia, according to a United Nations report.

India's economic growth likely to be 5.6% in FY15: Citigroup

According to the global financial services major, the reform momentum post the assembly polls, improving liquidity conditions paint a bullish picture of the Indian economy.

Services sector activity stagnates during October: HSBC

Services sector activity in India stagnated during October amid weaker growth of new business orders, an HSBC survey said on Wednesday.

Modi effect: Economy bounces back to 5.7% in Q1, highest in over 2 years

Buoyed by performance of mining, manufacturing and services sector, Indian economy has bounced back to record a growth rate of 5.7 percent.

IMF cuts global growth outlook; India avoids ratings downgrade

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade.

India poised to return to high growth path: OECD

India has grown below 5 percent in each of the two previous financial years mainly because of the global slowdown.

'Govt should divest stake in cash-rich PSUs to revive economy'

The new government should divest stake in the top 10 cash-rich PSUs to raise Rs 1 lakh crore and utilise the money to provide the much-needed push to economic growth and tide over revenue shortfall, an industry chamber said today.

Steel demand grows lowest in four years at 0.6% in FY'14

"The low growth rate in domestic steel consumption indicated that base level demand conditions continued to be weak during 2013-14," it said.

IMF attributes dip in India's growth to internal factors

International Monetary Fund (IMF) on Thursday attributed India's declining economic growth, which has touched a decade's low of 4.5 percent in 2012-13, to mainly internal factors.