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HSBC 'overweight' on India, 2016-end Sensex target at 28,500

HSBC 'overweight' on India, 2016-end Sensex target at 28,500

Global brokerage firm HSBC on Monday upgraded India to the 'overweight' status, citing improving domestic indicators and more realistic earnings expectations.

'Indian economy stands out amongst emerging markets'

'Indian economy stands out amongst emerging markets'

Despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank today said.

India obvious candidate to drive global growth: HSBC

India obvious candidate to drive global growth: HSBC

India is the "obvious candidate" to push global growth amid a lingering slowdown but it will need sustained GDP expansion to reach, by the middle of next decade, the share of world GDP that China had at the height of its boom in 2005, says an HSBC report.

Good news for Modi govt: FY16 GDP growth at 7.6%; India now fastest-growing economy in the world

Good news for Modi govt: FY16 GDP growth at 7.6%; India now fastest-growing economy in the world

Retaining its place as the world's fastest-growing major economy, India's economy expanded by 7.6 percent in the financial year 201-16, outpacing China once again.

'Good monsoon, consumer spending to see India GDP grow at 7.4% in FY17'

'Good monsoon, consumer spending to see India GDP grow at 7.4% in FY17'

The Indian economy is expected to clock a GDP growth of 7.4 percent this fiscal largely driven by the lagged impact of a good monsoon and increased consumer spending, supported by pay commission awards, a Standard Chartered report said.

Indian economy to grow at 7.2% in 2016-17: BMI Research

Indian economy to grow at 7.2% in 2016-17: BMI Research

The Indian economy is expected to grow at 7.2 per cent in 2016-17, a tad lower than Central Statistics Office's advance estimates of 7.6 per cent in the current fiscal due to weak investments and external headwinds, says BMI Research.

'Indian economy to grow 7.7% in 2016-17'

'Indian economy to grow 7.7% in 2016-17'

Rating agency ICRA on Monday projected Indian economic growth to improve to 7.7 percent in next fiscal, led by domestic consumption demand on the back of implementation of 7th Pay Commission and OROP recommendations.

'Indian economy to grow 7.7% in 2016-17'

'Indian economy to grow 7.7% in 2016-17'

Rating agency ICRA on Monday projected Indian economic growth to improve to 7.7 percent in next fiscal, led by domestic consumption demand on the back of implementation of 7th Pay Commission and OROP recommendations.

India no longer ridiculed for ''Hindu rate of growth'': Jaitley

India no longer ridiculed for ''Hindu rate of growth'': Jaitley

Finance Minister Arun Jaitley on Friday said the world no longer ridicules India about its "Hindu rate of growth", and now continuing with its reform path, the country is likely "to write a new chapter in history".

'Difficult job ahead, no magic wand to push growth'

'Difficult job ahead, no magic wand to push growth'

The government will have to go through a "very difficult process" of pushing reforms and projects to propel India to a high-growth path as it will not happen through some magic wand, Chief Economic Advisor Arvind Subramanian said today.

'7.6% growth for India in 2015-16 very, very significant'

'7.6% growth for India in 2015-16 very, very significant'

Terming the projected 7.6 percent growth for the current fiscal as "very, very significant", Economic Affairs Secretary Shaktikanta Das today expressed the government's commitment to work towards boosting economic growth.

Wider deficits carry risks of delay to rating upgrades: DBS

Wider deficits carry risks of delay to rating upgrades: DBS

India's fiscal deficit target for 2016-17 is likely to be adjusted higher to 3.7 percent of GDP, financial services major DBS said while highlighting that wider deficits carry the risks of a delay to rating upgrades.

RBI to soon come up with vision document on payment systems

RBI to soon come up with vision document on payment systems

The Reserve Bank will soon be releasing a new vision document for the development of payment systems in the country, which will spell out the broader direction of regulation, its Deputy Governor R Gandhi said on Tuesday.

GDP growth likely to exceed 7.3% in 2015-16: Jaitley

GDP growth likely to exceed 7.3% in 2015-16: Jaitley

India is likely to witness a robust economic growth of more than 7.3 percent in the 2015-16 fiscal and expected to go higher during the next year, Finance Minister Arun Jaitley said on Monday.

India Inc says downside risks persist even as economy picks up

India Inc on Friday said the economy is showing signs of recovery but called for drastic reforms at the ground level to improve investors sentiment and sought serious attempts to revive growth in agriculture sector.

India clocks 7.5% growth in January-March quarter, overtakes China

The Indian economy grew at 7.3 percent in 2014-15 due to improvement in the performance of both services as well as manufacturing sectors.

FY 15 GDP growth at 7.3%; Q4 growth at 7.5%

Indian economy grew by 7.5 percent in the January-March quarter of the current fiscal while overall FY 15 GDP growth stood 7.3 percent, government data showed on Friday.

India's Q3 earnings disappointment belies market rally, GDP growth

Earnings of India`s largest companies fell more than expected in the latest quarter, adding to scepticism over a stock market rally that started in early 2014 and official figures showing the country`s economic growth outpaced China`s.

India to overtake China as fastest growing big economy by 2017: World Bank

Fuelled by economic reforms, India is projected to become the world`s fastest growing large economy by 2017 with a growth rate of seven percent, overtaking China along the way, a World Bank report said Tuesday.

Exceptionally good conditions in place for 10% growth: Deepak Parekh

While stating that a 10 per cent GDP growth was certainly achievable, Parekh, however, said he would not "hazard a guess" on the time frame for achieving a double-digit growth.