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Q3 GDP data surprising; Indian economy to grow by 7.1% in current fiscal: Fitch

Q3 GDP data surprising; Indian economy to grow by 7.1% in current fiscal: Fitch

Indian economy will grow by 7.1 percent in current fiscal, 7.7 percent in 2017-18, rating agency Fitch said on Tuesday.

Government sees FY17 per capita income rising 10% to Rs 1,03,818

Government sees FY17 per capita income rising 10% to Rs 1,03,818

 India's per capita net national income is expected to rise 10.2 percent to Rs. 1,03,818 in the current fiscal, government data showed today.

India Inc pitches for reforms as economy grows 7% in Q3

India Inc pitches for reforms as economy grows 7% in Q3

With the GDP growing by 7 percent in the third quarter, India Inc said the economy is getting back on track yet reforms are needed to revive investments and push demand hit by note ban.

Infrastructure output: Eight core industries growth slows to 3.4% in January

Infrastructure output: Eight core industries growth slows to 3.4% in January

The combined Index of 8 core industries, that is, coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- stands at 191.8 in January, 2017, which was 3.4 % higher compared to the index of January, 2016. Its cumulative growth during April to January, 2016-17 was 4.8 %.

OECD cuts India growth to 7%, says India a star performer

OECD cuts India growth to 7%, says India a star performer

India`s rapid economic growth has lifted 140 million people out of poverty in the past decade but large parts of the population still lack access to elecricity and toilets, the OECD said in a report Tuesday.

Q3 GDP estimate to factor in effect of demonetisation

Q3 GDP estimate to factor in effect of demonetisation

The Central Statistics Office(CSO) on Tuesday, will unveil the revised advance estimate of India GDP growth in 2016017. In the wake of the cash ban, a number of think-tanks and experts have lowered their projections of GDP growth for FY17 to even below 7.1 percent.

GDP growth to slow to 5.7% in Jan-Mar 2017: Nomura

GDP growth to slow to 5.7% in Jan-Mar 2017: Nomura

India's economic growth is likely to remain muted in the first quarter of this calender year with the GDP likely to grow at 5.7 percent in the January-March period amid subdued activity, says a report.

About 2.83 lakh estimated central government jobs by 2018

About 2.83 lakh estimated central government jobs by 2018

Nearly 2.83 lakh central government jobs are estimated to be generated by next year.

Forex reserves up $1.58 bn to $363.146 bn

Forex reserves up $1.58 bn to $363.146 bn

India's foreign exchange reserves rose by USD 1.588 billion to USD 363.146 billion in the week to February 3 on a jump in core currency holdings and value of gold reserves, the Reserve Bank said.

Indian economy projected to overtake US by 2040

Indian economy projected to overtake US by 2040

The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms, says a report.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.

Economy to grow more than 7% next fiscal: Shaktikanta Das

Economy to grow more than 7% next fiscal: Shaktikanta Das

Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.

India's services sector contracts for 3rd month in January, rebound likely

India's services sector contracts for 3rd month in January, rebound likely

ndia's services languished, with new business orders falling for the third straight month, amid muted inflationary pressure that could offer RBI much room to remain accommodative in its next policy meet next week.

Indian economy to grow 7-7.5% in FY'18: Arvind Panagariya

Indian economy to grow 7-7.5% in FY'18: Arvind Panagariya

 Niti Aayog vice-chairman Arvind Panagariya today expressed hope that the economic growth in the next fiscal year would be in the range of 7-7.5 percent.

India's forex reserves cross $360 billion

India's forex reserves cross $360 billion

India`s foreign exchange reserves went up marginally to $360.77 billion as on January 20, 2017, the Reserve Bank of India (RBI) said.

Currency-to-GDP ratio to reach 9% by March end: Nomura

Currency-to-GDP ratio to reach 9% by March end: Nomura

Money in circulation is rising again in India post demonetisation and at the current rate, currency-to-GDP ratio will reach about 9 percent by March -- sufficient to stabilise economic activity.

Budget 2017: Only miracle can help India meet fiscal deficit target, says Crisil

Budget 2017: Only miracle can help India meet fiscal deficit target, says Crisil

Can India meet a fiscal deficit target of 3 percent of GDP for 2017-18? "Short of a miracle, `no`," says Crisil Research, ahead of the presentation of the Union budget, due next Wednesday

India's consumption growth de-risks it from global uncertainty: KV Kamath

India's consumption growth de-risks it from global uncertainty: KV Kamath

Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation's National Development Bank chief K V Kamath has said the world is going through very uncertain times but that may not have much impact on India.

Limited room to reduce fiscal deficit to 3% in FY'18: Moody's

Limited room to reduce fiscal deficit to 3% in FY'18: Moody's

The government is likely to achieve its fiscal deficit target of 3.5 percent of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3 percent in 2017-18, Moody's said today.

Reforms, policy effectiveness to decide India rating: Moody's

Reforms, policy effectiveness to decide India rating: Moody's

Government's capacity to implement reforms and policy effectiveness will decide India's rating going forward, Moody's Investors Service said today.