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Government can't expect RBI to do everything for growth: Bank of Baroda chief

Government can't expect RBI to do everything for growth: Bank of Baroda chief

State-run lender Bank of Baroda Managing Director and CEO P S Jayakumar today said the onus of recovery is on the government and not Reserve Bank.

India's growth may dip by 0.60% on Brexit, predicts Morgan Stanley

India's growth may dip by 0.60% on Brexit, predicts Morgan Stanley

 Brexit is likely to have an adverse impact on India's growth with domestic GDP expected to decline by up to 60 basis points in a high-stress scenario within the next two years, Morgan Stanley today said in a report.

'Good monsoon to push GDP growth to 8% in FY17'

'Good monsoon to push GDP growth to 8% in FY17'

The Finance Ministry expects the country's growth rate to climb to 8 percent in the current financial year on the back of above normal monsoon.

India has its hands full in implementing key reforms: Jaitley

India has its hands full in implementing key reforms: Jaitley

India has its "hands full" in bringing about structural changes and implementing key reforms to boost economic growth, Finance Minister Arun Jaitley has said and hoped that the country will be able to improve its growth this year from the 7.6 percent achieved last fiscal.

Indian economy like 'one-eyed' king in land of blind: RBI Governor

Indian economy like 'one-eyed' king in land of blind: RBI Governor

 With India being often described as 'the bright spot in the global economy', Reserve Bank Governor Raghuram Rajan sees this as a case of "the one-eyed man" being king in the land of the blind.

India has potential to attract $100 bn investment: Agarwal

India has potential to attract $100 bn investment: Agarwal

Vedanta Ltd is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil and gas.

G20: Obama hails India's economic growth, renewable focus

G20: Obama hails India's economic growth, renewable focus

US President Barack Obama has hailed India's economic growth under the leadership of Prime Minister Narendra Modi.

India can become engine of global economic growth: Anil Agarwal

India can become engine of global economic growth: Anil Agarwal

Agarwal said companies who want to invest in India can raise capital in the UK to invest in India's growth story.

GDP growth to cross 8% mark this fiscal: Panagariya

GDP growth to cross 8% mark this fiscal: Panagariya

The Finance Ministry in its Economic Survey in February has set growth target of 8.1 to 8.5 percent for the current fiscal.

India needs bold reforms to achieve true potential: HSBC Report

India needs bold reforms to achieve true potential: HSBC Report

The main determinant of medium-term high and sustainable economic growth is meaningful reforms and so far they have been gradual and 'project-specific', the global financial services firm said.

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".